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Have you considered hedging some of the risk with SPY puts? If you buy them with expiration date of 1 year away, and you buy them at a lower strike price than what the market is at based on how much of a draw down you feel comfortable with.

Does anyone know of any historical threads where the PROs and CONs were debated of trading ES vs SPY? Thanks a lot.

Can one not search a user and bring up all their past posts like before? It appears that one can now only bring up the threads to which they posted and start from the beginning of the thread (page 1)? Not very user friendly, especially if the threads are long, as finding posts by the specific...

does anyone have any recommendations for learning R for data analysis purposes for trading strategies for someone with no programming experience?

I have a swing trading strategy that trades S&P 500 stocks. The largest position size I'm allowed to take based on my rules is 20% of capital. My thinking in regards to this is simple - I assume there is a chance that a stock could gap up or down by 50% and though extremely painful, I...

What is your job? If you quit, can you go back easily? Do you have a defined benefit pension?

You still trading CL schizo?

You have had a rough month with the inability to get anything going. Hows your confidence? You have kept the losses pretty small which you should be pretty happy with. Have you been in slumps like this before? Do you think its you or the market? Stay positive and hopefully things...

A snap of an elastic will not cause you real pain.

I suggest sizing down if you get emotional during trades. As for not following your plan, be tougher on yourself and everytime you don't follow it eat your feces. Everytime a trade where a rule is broken makes money, eat feces and punch yourself in the face.

There are many possible courses of action when starting out. You can attempt to become a scalper, daytrader, swing trader, position trader etc. You must pick a time frame to initially focus on. I recommend before you start day trading you try to figure out a way to make money either...

Have you ever considered leaving Canada for a country that doesn't have such high tax rates? Thanks for keeping your journal on ET; the best thing that's been on ET in awhile.

Corey - do you ever fear that the firms that you have your accounts at are looking at your trades and trying to decipher your strategies?

I usually move the stop to B/E when my first profit target is hit. If there are profits to be taken after an entry, the entry is good enough for me . I trade stocks primarily, we don't have to be as precise as you futures traders.

Good record keeping can solve your dilemma. The records will show what would work out best, taking a small profit on x% and letting the rest run or taking it all off at a certain level.

I agree that trading one lot can allow you to develop a high level of precision. But I think the precision on your entries is what counts, which you can achieve with more than 1 lot. The advantages of scaling out of positions are a key edge for me. Lock in a bit of profit early in the trade and...

When you guys trade CL do you have your MAs from 00:00 to 23:59:99? Thanks

If you are so good at it, why are you seeking opinions of what your chances are at making it from (likely twenty-somethings trading small accounts) people on ET?

Well thanks for answering my question Mr. King. Is VXX the best option to get long VIX... Do VIX futures exist?

haha, i noticed the right after it was too late to edit. But I don't think you understand what is going on. The question is how do I get long the asset that I'm writing the covered call on, which is ^VIX....?