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Gold is kinda bad safe haven and a bad hedge too. Market is going down again and gold went down. Even now it's very weak.

While that's a true statement in general, I think there are edges that are persistent. And the fun of trading is one does research to find more edges. It's constant learning and discovering adventure. The #1 rule is good risk management. Cut your losses! Cut your losses! Cut your losses! Then...

Yep. This morning I put on a GC futures trade based on a pattern I've seen elsewhere in stocks and other futures contract. The most cathartic thing is that I held onto the winner for an HOUR! I know for you regular swing traders an hour is nothing.I'm mostly a daytrader so I try to capture...

I can scalp easily 4-5 points. But I have been trying hard to hold onto winners. Today finally caught a good move. 10.25 points 27.50 points I'm glad that I was able to switch long to short to long to short to long. Before I was always stuck in my view. Still in MNQs. Once I cement this...

You are right. After a while, 1 full NQ contract is more cost efficient. Another positive day. From a total amount it's not much. But from a process POV, it was good. Shorted, then reversed and went long when I should. But the real edge is better risk mgmt. Patterns are good. In the past and...

made more money tonight on just 4 lots. I kinda like the overnight sessions. Slower and easier to trade even though wider spread but not really. The spread is actually pretty reasonable unless high volatility times. RTH sessions, things more so fast that I'm afraid to load up a lot of...

Another positive day. Just trading 1 MNQ lots. Shorting then reverse then long. Then short. Then long. I need to get the process down then start scaling MNQs. 2 lot will double the profits and still would be less than 1 NQ full contract. LOL. 10 lots = 1 NQ full contracts. Same process. Then...

Don't call me a fanboy! I've used IB for over a decade now and I love it. I use RH selectively for certain things, I'm not the typical profile of an RH investor/trader. I trade and know financial markets well. I used RH for certain very precise situation. Not for everything. :)

I trade options through Robinhood as well. I have saved thousands on commissions. I have been screwed by wide bid-ask spread. So nowadays, I only play the more liquid names. If you manage your position size and keep to decent risk management, then it can be a great way to generate $$. When I was...

Haha. What I meant is that I got in near the bottom but I didn't hold my winners super long. But it was still a net profitable trade. But it could have been hugely profitable.

Though I bought near the bottom, I didn't hold for the 160 points ride. Hard to ride intraday trends. Just ride the micro trends.

Traded GC(full contract). Bought on the breakout but then it reversed but held through got out at the local highs. Then bought at the pullback which then pullback some more then raced up. I still haven't master breakouts. Sure some breakouts just zoom ahead. Alot of time breakouts pop then...

Now net is $290. Amazing thing is only this time trading only 1 lots! The volatility is CRAZY! Get in and flip out for 20 NQ points in a minute or less. ROFL What was really scary was IB TWS gives me this light blue color and I couldn't even get fcking out...

Now total up $148. 4 MNQs. quick in and flip out.

Traded 4 lots now total up $114. Not bad for 8PM at night afterwork. Once I can consistently make money on 10 lots then switch over to the full NQ contract. and test trading new patterns and strategies on the MNQ. much safer.

IB commission is 0.47 per side. not bad.

Yeah. I was playing 4 MNQ contracts. On a full NQ contract, 44 pts would be huge esp in 1 min.

I am using IB TWS. It was at least 12-14 pts spread.

I actually ended up make about $85. just for kicks on my IRA account. Look at the 17:28(PST) 1 min candle. It was a drop of about 44 NQ pts from high to low. On the full NQ contract, I dont' think I would be able to hold through that.

talking about spread. The after hour spread on MNQ is 14 points! LOL