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Try to work out what it is about the situation that makes you play mindless roulette. Do you double up on losers, or watch in fascination as they run away from you? Or do you initiate masses of new trades that do not fit your entry criteria? If it is the fear of loss, practice taking...

#31 to #35 form a loop. Took 2 years to get into that loop. No sign of exit to #36.

This is about right. Anything over 1 tick/contract will make decent but not spectacular money. Today on the ES my average has so far been 0.323. Trading record summary attached.

Agree with this. Have had two spells of using eSignal and found it fairly unreliable and rather expensive. If you are trading futures, there is a lot to be said for Ensign with the feed from IB. You will need to buy or rent a separate trading platform, but the total cost will still come out...

Learning to execute a trading strategy is like grooving a tennis stroke. You have to hit hundreds and hundreds of balls. Unfortunately, moving from paper or simulation to actual trading is like putting the grooved stroke into play in a match, when you may not have any idea how to win the...

The magic show is one of the funniest things I've seen in years. Laughed like a hyena. As regards making 1pt /day Flashboy's spreadsheet demonstrating how much money that can be after six months of weekly compounding also made my eyes water, but for rather different reasons. If you have...

I agree with whoever it was that said you would find a way round any risk limit if you didn't first find a way to limit yourself. Having said that, Button Trader is a front end for IB which includes a risk matrix which you can use to impose limits on yourself (eg maximum daily loss per...

My answer to the question of the thread is that it is all gambling. The difference is whether you are able to put yourself in the position of the house, and get systematically favorable odds in exchange for offering liquidity. Temperamentally, I agree with another participant who pointed out...

Yup. Enter at an extreme, exit at the mean (or something like that). Forget about the money that someone else might make by holding the position in an attempt to reach the extreme opposite end of the (admittedly ill-defined) price distribution.

Think he is running forums on T2W

"One piece of software that has some very unique properties relating to DOM and Market Depth is ButtonTrader. From a depth perspective it shows volume at each individual level or price or it can accumulate or stack "aggregated" volume. Since both FT71 and Scientist have put forth the following...

Easily the most intellectually gripping read on ET! Full of fascinating angles. Please keep it up gentlemen. Also, FT71 please remember your project of shooting a Camtasia journal. From a low-tech perspective, I agree it is much more important to know where the flow of market orders is...

Anybody tried MT Predictor (www.mtpredictor.com)? This is an EW black box, which is claimed to generate clear trade indicators, apparently based on an algorithm that makes a clear choice which wave it is in, and ignores all other waves that might confuse the picture (or vitiate the...

That's OK. Thanks for clarifying!:)

Thanks for replying to my thread! How do you manage your positions given the lack of a facility in the RT interface to place bracket orders, and the lack of a price-ladder (DOM) entry screen? I would be interested to know, because there are reasons why it would suit me to be able to trade...

Anyone currently using Terranova to trade emini S&P. And if you are, do you manage to trade using the Realtick interface, or is there a third-party front end that offers fuller order management?

I think what you are missing is a practical way to use the equation of the line (y=C+mx) and for the distance of two points on the line (square root of the square on the hypoteneuse) to generate the value of x2 that you require to plug into your graphics package to generate a value of y2 that...