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They can be used in combination with other signals to give you greater confidence in the trade or to help keep you out of a trade. By themselves, I don't see them working very well which is probably why there is a backlash against indicators. For example, I woke up too late to get into a...

Even Cramer says don't use market orders. If its small say 100 shares or 1 future contract, then a market order is probably not going to kill you, but if you are doing any kind of size, why do it. You basically can make a limit order a market order, by setting the limit to the same price as...

The only thing I can think of to help is trade management, for example, look at a normal day, how many trades you take. Lets say its 4 trades. So limit yourself to 4 trades, that way even if you make a revenge trade, you will limit the damage. Also, realize that prices are sometimes random...

I sold the vertical put on SVNT today after it already fell hard on no sale of the company but with FDA approval of its drug. That is a very safe option. However, since I do believe the stock will rise in value, I also bought calls and even the stock itself. I am looking to sell covered...

I got my tea pills in the mail, so hopefully I will be able to focus better on trading next week.

The Euro is high due to interest rates being close to zero in the United States, this also increases the value of gold and oil. If interest rates ever rise, you will see the value of all of these fall, and gold could go down as much as 50% because in reality its just a pretty shiny metal with...

Well, did you? I posted my trade in real time on the ES forum, and yes, day trading is so easy that sometimes a person over complicates so much that they lose money. I have that problem sometimes.

I have lately been doing bad on my 1st trades of the day, I wondering if I should set those to sim, and only trade real money after 1st trade, or until this trend changes. 2nd contract, has been stopped out at BE. Note, the ES trade did have a stop, the hedge was not a stop. ES has been...

Out of 1st contract at profit, 2nd contract set to BE stop and target now higher than 1st contract.

Trade is being hedged by a sell stop on CL, so if ES tanks, it should get me into the CL trade, but you never know.

Long for scalp at 1177.75 see how it goes.

I also did a long CL trade today. However, is it really counter trend or actually a reversal of trend or a continuation of a previous yearly trend.

What would be nice is for IB to allow GTC orders to get me into a Forex trade like they do stocks. I can set GtC orders after I place a market buy order on say GBPUSD, but I have placed buy orders in say book trader and they vanish later during the day. Why can I can not click on say the...

GBP target is around 1.5970, however we do plan to average in once on this trade around 1.5900. For ES decided to buy 1 more SPY 117 put, I think this will also act as a hedge against the GBP going down, however it has been going up since I went long. GBP stop is around 1.5870.

Closed trade, basically revered to long but on GBPUSD

Shorted EURUSD market, price 1.3980, target 1.3960, stop 1.3999

Thanks, I will look for that. Also, to the one person that said I should not be taking drugs since I am a moderator, I mentioned the word "legal", so maybe you need some drugs to focus also. As to get off my ass and jog, I rode a bike yesterday, and went jogging today. Also, I have a...

I was reading Mike Matusow's book on how he was able to take certain drugs to be able to focus better to win a poker bracelet. Are there any legal drugs that will make you be able to focus better to trade better?

Disclaimer, any Forex trade real time that I call here is either my own trade or made by hedge fund managers. All trades are real money. I am now using a tracking service to validate these trades in real time since both ET and IB don't seem to be able to give me good tracking stats for these...

I would like to know what I need to type into IB, for example maybe its an index to buy either the index and/or the options for both oil and banks especially regional banks. Also, do prop firms allow you to trade these index, since it may be worth it to me to be able to trade index instead of...