Search results

You really made this more complicated than it needed to be. If you think the market is going down, sell some of the long calls. If you thinks its going down a ton, also buy the vertical put spread.

Some of you miss the point. If you are starting the business for the very 1st time is much different from opening a new store. The main reason Home Depot succeeded was and is customer service. I will give you an example, when I was a teen, I worked as a cashier in a larger hardware store...

They must not be doing it right. Rule 1) Take the opposite side of all trades by made all of your customers. (Exception to rule, customer has been profitable for over 1 year and uses mental stops or very wide hard stops) Rule 2) You control the data feed and charts, create fake...

Trade 1 was a DT, a DT can form higher than the last high and a DB can form lower than the last low, it will not be perfect when trading real money or this would be easy. Or you could call it a failed BO. Either way, once it started going down, you want to be short. Trade 2, you did not...

Eur shot up again before market close, so took profit and will look to get back into trade on Sun or Mon. I wish I did more contracts, but I thought Eur would be dead this afternoon and did not want to hold a big position over the weekend.

Ok, cost has been reduced by $ 111, so total risk on this trade is $ 137, and potential profit is around $ 450.00. However, the lower put should decay faster than the higher put unless the market moves down sharply.

I bought the SPY NOV 117 put, I am looking for a bit longer of a trade, and want to sell a lower put to reduce risk for example the 112 put. I believe the market is about to go lower, so will either sell the put as the ES falls 2 points or before end of day to prevent time decay.

Time decay got me on the SPY put options, 1 closed at BE, the other at a $ 30.00 loss. This was made up by my EUR/USD long position. I went long EUR/USD yester heavy no stop with a target to scale out 1/2 the position at a target price. It 1st went 30 pips against me, and I killed the trade...

I still sometimes have this problem of breaking my rules. Both job and oil report came out negative but instead of waiting for real TA confirmation, I shorted on 1st red candle forming. Got stopped out of 1st short, but 2nd effort made me double profit of what I lost. However, I agree with...

Yes, I was watching that right now, and both the bid and the ask for yen became 81.45 while I was watching. This never happens for the JPY/USD. This was from another trader who e-mailed me the following, I will not mention his name: " i agree with your description of eur futures verses...

1st trade cl short was a loss, kept going up even though ES was flat or going down. Shorted CL again, made double profit of what I lost. Reason for 1st loss, I was picking a top instead of waiting for my indicator to give a 2nd confirmation. For 2nd trade, did get bearish doji candle to also...

I usually post stream of thought, then reread it, and correct it. You replied too quickly, I fixed the post, if you read it, then I am right based on the article. Anyway, I saw a only a couple Future prop firms, I can see some advantages to trading at them, but again I see the need for...

Now the below article will show you how in fact currency futures which is what I am talking about have less leverage than Forex. http://www.futuresmag.com/Issues/2010/March-2010/Pages/Leverage-limits-vex-forex.aspx

He was asking about Forex prop firms, not Future prop firms. http://searchwarp.com/swa79927.htm Leverage for Forex can be 200 to 1 or even higher. For futures overnight traders, you need $ 7,500 for a single contract. However, yes, you can find a few firms that allow intra-day trading...

Also, anyone who is being critical of what I am saying, try it for yourself for free. You can download NinjaTrader with Zenfire for free. Lets say you are doing a trade in the EUR/USD long, do the same trade in NinjaTrader in sim with the 6E future, and lets assume its a winning trade, see...

If its an actual system for example automated, you should be able to back test it to determine this for yourself by running it on at least 5 - 10 years of data. Also, you should have some idea how much each trade went in draw down before they went positive even if you don't use a stop or...

Now I do have to pay a fee for this trade but it is less than if I want to buy the EUR/USD for example using IB. The difference is the bid vs the ask price, you can not get the exact price since you lose 2 - 3 pips when you take the trade, that is how the fx brokers make their money since they...

On Mirus Futures, 6E is trading at 1.4075 while I type this message. 6e is EUR/USD. I click buy on the DOM at 1.4075, this is a limit order, it gets filled in 2 secs, I can then choose to get out say at target of 1.4095 limit, and set a stop at 1.4050. My stop or target will get hit, I did...

Now if your trade is shorter time frame say 5 min to 1 hour, I would use hard stops if you have mental problems watching your trade tick by tick, and just do something else like post on ET, or if you don't have these problems, use mental stops based on how the trade is going, for example, you...

If you have a large enough balance vs the amount that you are willing to risk per trade, mental and no stops are much better and will make you more money. For example, lets assume I went long EUR/JPY, but a small position based on a trade setup. Now assume I did it during the afternoon...