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-$395 No trades yesterday. This morning I played with CL in sim from pre-market through the open, really getting into a rhythm with it. As a result though I missed some good live trades in the early part of the day, then had things to do. Returned later wanting to make up for what I missed...

- $395 Spent the morning in sim and missed some good live trades. So later on I had this idea to make up for what I missed by picking a couple stocks and scalping small moves with larger size. 40+ round trips and $250 in commissions later, I'm ready for fresh air and sunshine. Seemed...

Undercapitalized :eek:

I watch these "walls" as price moves toward zones where I look to counter-trend, or join a trend in progress at a value price level. As price moves toward my zone of entry I watch how quickly these apparently "high value" prices hold, move, or vanish, and combined with overbought/oversold...

This was my first FULL year trading and I started the year full throttle and was was extremely confident I could net the minimum 100% return I need to trade for a living. Sadly, I had to learn many tough lessons, and repeated some serious mistakes again and again. I found out I had a sim...

I too shall look for that trade next year :D No worries on the calls; I came into this world with no money...

Hey Neke, nice returns this year, but too much needless risk cost you your goal. I think your idea of doing swing option trades next year is a good one. Wow, 1500 contracts! Imagine if you bought 1500 contracts on a big momo stock, for example POT $120 puts on 12/10 when it stage a failed...

+$123 Day +$950 Week +$3094 Month Traded tiny size for the most part today. Go find the table, because I left a good bit profit on it.

+$123 Day +$950 Week +$3094 Month ES was not winking properly at me from across the dance floor. It was pulled back nearly to the lower channel line on the daily chart, so I was watching for possible long entry if support was established. But it sold off quickly on the first push to the...

"conviction sell" is secret long signal :D What I've wanted to know for a long time now is when Goldman upgrades a stock from "conviction sell" to "sell", what does that mean???

+ $315 Short ES @ 1099.25 via limit order placed near the outermost channel line, lifted near the high. Covered @ 1094.75 off lower channel overshoot for $220.20. Put on a small UAUA swing short @ 11.06, initial target 9.75. Also a small X Jan $48 put position @ 1.85, initial target X...

+ $315 Two trades early on. Missed entries on a few good ones, but this beats a stick in the eye!

I've been doing very well with CL in sim. It's very fast, so intraday you can't diddle around with anything but the very best entries. But that's what makes it so gratifying for intraday scalping. My trades are anywhere from 20 seconds to a virtual long-term investment once of nearly an hour...

Al Brooks really spends much of his book on this, on how inexperienced traders get trapped and how the pros take advantage of it. Now please explain why I didn't leave my stop in place on the 1111.25 ES short yesterday, go out and play, have a nice dinner, curl up with a good book ("Reading...

That's why I only trade twice a day :D

I think what you're seeing on those spikes are latent prints, which should have no effect on stop or limit orders. They never affected any of my trades, though I encounter them all the time.

+ $378 Nice weather, calling it a day.

+$378 Short APOL @ 61.70, sellers came in when price pulled 1 cm from the 20 EMA, covered @ 60.86 for + $332. (NoDoji's Metric Trading System) :cool: Short ES @ 1111.25, pullback from 3rd push up to the upper channel line; covered @ 1110.25 for $45.20 when price appeared to find reliable...

Nice target zone; it actually made it to $33.25. This morning's news: "United States Steel Raised To Buy From Hold by Keybanc Capital" I ask the market professionals here: Why? Why? And why? In 2007 they earned over $11.00/share and were trading around $50. In 2008, they earned...

tomahawk, those were too funny! +$134 It was the kind of day where you had to take what was given quickly. Short ES @ 1104.50, pullback from lower high through the 20 EMA, trailed a stop as price approached the lower channel line, hit for +$32.70. Shorted UAUA figuring it would break...