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Develop a good plan and stick to it. Very simple, but not easy.

That website is an excellent resource! Thanks for sharing.

Who the hell cares what you think?

www.stockfetcher.com

You did not mention anything about how you are exiting your trades. Entries are not as important as the exits. You can make money by randomly picking stocks, as long as you have a sound exit strategy. Someone mentioned Van Tharp's book. I would second that recommendation. It's very good...

maji, Thanks for correcting my ignorance. I will look into this more. BJS

hardyards, I haven't really looked into CME futures, other than the fact that it seems to me that trading futures is basically trading options, and I haven't had much luck in the past with options. What are the advantages of CME futures vs. spot FOREX? I'm never opposed to learning something new.

I can't believe nobody has an opinion on this. Too busy counting your money from yesterday?

It varies. If you live in the U.S., I think each state has its own rules about this. If you go to Interactive Brokers, they have an account type called "Friends and Family Advisor" account, where you can manage other people's money. They say you need to contact your state to see what the...

I have been training myself in forex for the past couple of months, and am ready to open an account, but I'm stuck in deciding which one. I started using OANDA's demo platform, but have recently been using Metatrader through StrategyBuilderFX. I like Metatrader much better, and I see that I can...

www.stockfetcher.com

Thanks for the comments. So maybe look at the ADX first to see if the market is trending before you enter tunnel trades? I have also thought that maybe you could look at the next higher time frame to get the current trend (e.g. if you want to trade the 1 hour, first look at the 4 hour chart to...

Does anyone use the tunnel method for Forex trading? I am still in the learning phase of Forex, but have tried this method the last couple of days with pretty good results. Vegas recommends using a time frame of 1 hour or higher. But I was having success this morning with 1 minute and 5 minute...

These are questions you should be asking on the P123 message boards. Frankly, it's going to be difficult for you to take a sim that was designed for small cap stocks and modify them for larger caps, and come up with good results. If you are comfortable with trading small caps, yes, the sims...

Exactly. If you're a short term swing trader, and are used to only 1 or 2% per trade, slippage would be an issue. But my best performing system right now has an average gain per trade of 13.77%, including slippage and commission costs.

Not necessarily true. I assume 1% slippage in most of my models, and my actual slippage has averaged about 0.75%.

Drawdown is calculated correctly at Portfolio123 (percent below the highest high. maximum drawdown is the maximum percent drop from the highest high)

I've been using Portfolio123 for almost a year. Yes, some members are doing extremely well with their systems. I generally trade small cap stocks, and Portfolio123 is doing very well for me so far (100%+ annual return). I will say that the best systems are based on small and mid caps. People...

Sounds like everyone's bearish on small caps. It must be time to buy.

I finally developed a mechanical system last year, after 6 years of discretionary trading. My returns have improved significantly, and I sleep better at nights.