first time today.. question

[cvds16]

how big did you trade ?

 

[Surdo]

Quote from cornelius:

Ok. So my lesson wasnt learned. Fucking piece of shit Ninjatrader sent my order to ideal again and I lost another
40 pips.

Unless you know what you are doing your Fx account will be cleaned out by The New Year.

Either paper trade until you figure out how not to get butt fucked dry, or try Fx futures. At least they give you a fresh tube of KY on the CME!

good trading,

el surdo

 

[cornelius]

Quote from cvds16:

how big did you trade ?

25000. I just called IB and anything under 30,000
automatically goes to IDEAL. So now I have to blow away
bigger money to test my software.

 

[brocklanders]

Quote from cornelius:

25000. I just called IB and anything under 30,000
automatically goes to IDEAL. So now I have to blow away
bigger money to test my software.

why don't you use a paper trading account until you have the software correctly configured and tested? Call IB and have them setup one and you can use it with Ninja Trader without burning any real money.

 

[killthesunshine]

Quote from Surdo:

Unless you know what you are doing your Fx account will be cleaned out by The New Year.

Either paper trade until you figure out how not to get butt fucked dry, or try Fx futures. At least they give you a fresh tube of KY on the CME!

good trading,

el surdo

ROFL

foex suks LOL

(like getting screwed. lots of crazy action followed by complete motionless. it's doing this latter period when you will go crazy)

 

[cornelius]

It has been driving me crazy and when I fall asleep there is
a burst of fast motion. That's why I am trying to get Ninjatrader
to do my trading, so that I can trade stocks and futures during that time.

 

[brocklanders]

Your problem is not NinjaTrader or IB you simply need to test your software and strategies using play money first and understand the specific markets that you are trading in before using real money.

Everyone makes mistakes trading but you cannot repeat the same mistake more than once and expect to make money in this game. You repeated the exact same mistake twice in two days... Not a good start.

Be careful with automated software until you fully understand how it works and how to manage the risk. You will only blow up that much quicker if you compound your learning with automated trading software you don't understand. Good luck.

 

[cornelius]

I guess I was in such a hurry to get in on EURUSD this week.
I agree that I rushed things and I guess I am lucky that I came
out with a net gain.

 

[killthesunshine]

Quote from cornelius:

I guess I was in such a hurry to get in on EURUSD this week.
I agree that I rushed things and I guess I am lucky that I came
out with a net gain.

i scalped for 500+ pips my first month. SCALPED....

i've given back a pip or two since then

 

[Pip's wife]

Quote from brocklanders:

Your problem is not NinjaTrader or IB you simply need to test your software and strategies using play money first and understand the specific markets that you are trading in before using real money.

Everyone makes mistakes trading but you cannot repeat the same mistake more than once and expect to make money in this game. You repeated the exact same mistake twice in two days... Not a good start.

Be careful with automated software until you fully understand how it works and how to manage the risk. You will only blow up that much quicker if you compound your learning with automated trading software you don't understand. Good luck.

You have a point there, making mistakes on forex is ok as long as you learn from them. You should probably try demo for a while again, I did it when I almost lost my shirt once. I gained confidence after that and now I am back to trade.