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I did not follow my rules today, and lost 2 times in a row, but still with last trade which was winner cut my loss to just $ 25.00 The hardest thing is to follow your rules, but if you can get consistent you will make profits.

The hardest part for me was learning the correct setup and not revenge trading. I always use a stop and target. I might manage a little the trade if I decided to watch it. This was a good week. 1 day BE, 4 days all winning trades.

Market makers profit on the spread between the bid and the ask. They can make money all day every day until they make a coding mistake and blow up their company. Not so long ago, you could do this yourself, but now they are able to do sub-penny trades to step in front of your order. They...

Risk vs Reward = even Win% = 70% Time in front of charts, can be 1 min to 20 min, once I spot setup, I have automated stop and targets.

The one thing I am not clear on is that if I want to trade both ES and CL, how many of each contracts do I need to trade to pass the combine? For example, I know their is a target I need to hit for overall profitable $ amount, but how am I allowed to structure my trades. Since some days, ES is...

2 wining days in a row, but I took a larger than normal loss on Wed since I was getting upset with a previous day, and not trading any type of valid setups. I need to remember especially on losing days to stop trading for that entire day and wait for the next day. My sim trading yesterday...

By Thurs of the 3rd week of each month, you switch to next month's contract. So for example, I switched today to Jan from Dec. Here's the best way. Save template saves all of your indicators. Use instrument manager to add the next month's contract. Create a chart for that month. Delete...

I had 1 winning trade that I went for real money profit, then I went sim and had 2 losing trades but hopefully learned something.

It's an interesting article for longer term oil prices, however shorter term CL and oil are affected by Europe. If Europe does better CL will go up, if not, it will continue to go down. So you want to watch shorter term news to get an idea for trading with the day. After that, look to trade...

I think the best thing is to be as scientific as possible and not let irrational thoughts cloud your brain. For example, while some of you don't use indicators, I rather let the computer create HL, LL, DT, DB, HH, LH for me. Obviously, you still need to examine the chart since a LL could...

I see no problem on trading 10% of your account per trade as long as you have an edge. The issue becomes a problem if you start to lose, and then revenge trade without looking for real setups. % per trade is really meanings less since it does not measure real risk. Other risk factors...

According to feedback section the OP has been banned by Joe for spamming. Therefore I am closing this thread at this time. If I here back from super mod or Barron that this was not true, I will re-open the thread. The following is a link to the thread about him being banned...

I sent NoDoji a pm about trade management, since I want her advice since while I do study my charts of the market everyday after the close, I think she spends more time during market open trade hours then I do, and I probably going to get my 10,000 hours a long time after she does.

http://www.marketwatch.com/story/oil-edges-lower-amid-fiscal-cliff-fears-2012-11-11?siteid=YAHOOB While it does look like CL fell back a little, it was not before it hit my stop. However, I was able to make the money back plus more on going long the Euro (6E) with weakness in the dollar due...

Trying to go back to 1 scalping trade per day for now. On winning day, may try for 2 trades. Today was good.

Since we are talking about Vegas, here is how to get a free drink and make some money. Go to one of the casino bars, ask how much money, you have to put in the machine for a free drink. It was $ 10 last time I was there. Play a game with around 50% win percentage like black jack. I won...

Reduce number of trades. Let's say normally in good times, you trade once per day, and it's a winning trade. In bad times, you trade once, it's either a win or a loss, and you keep trading and end up with multiple losses that are hard to over come. If you just traded once that day, the...

The problem is that it looks like the firm is going out of business, but trying a small claims before they declare bankruptcy might work. I would not waste money on a detective since I doubt no matter what you do, that you will get your money back. If you were a profitable trader, learn from...

Are you using their software or NinjaTrader?

Taking less profit due to wanting to get that win, but seeing that if you had patience you could have gotten the target profit.