My 1st day trading futures

I hae compensated for that shortcoming by setting my orders 1/4 further from what they would have been in real life.
So, a fill for 62.50 would in real trading be set at $50. if the only thing that OEC is lacking is lousy fill time then by all means deduct 1/5 of the sum at the end of the day (minus the commish of course).

BTW I have done the same on NJ with similar results. :D :D :D :D :D
 
Cashmoney, excellent first day!

However, please take this advice: please, please, PLEASE do not buy the bottom in an afternoon consistent and volatile downtrend. You bottom picked. It's catching a falling knife. What's worse is that you got away with it and made cash, so you are likely to do it again.

Please please PLEASE wait for confirmation. Otherwise, you are looking for a world of hurt.
 
Quote from forex-forex:

JJ....As you can see from my post I have experienced that with my trades. Now the tricky part is how much of a beating are you willing to take and risk not having a retrace? 20? 50? 100? 250 points? At $5.00 a tick it adds up.
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Just a suggestion; If your stops are consistantly getting hit and reversing why not move your entry to where you would normally place your stops. Then put a tight stop on that entry?
 
Quote from Boib:

Just a suggestion; If your stops are consistantly getting hit and reversing why not move your entry to where you would normally place your stops. Then put a tight stop on that entry?
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I'm 1/2 way there. I placed a limit order about 10 points above the current price with IB's WebTrader to catch momentum and BANG they fill it at the current price the second I hit submit. :confused:

I'm still getting familiar with WebTrader and one order I would like to place is something similar to this:
  • Current Price: 13000
  • Go long at: 13030
  • Go short at: 12970
  • Trailing stop: 5
 
Quote from forex-forex:

I'm 1/2 way there. I placed a limit order about 10 points above the current price with IB's WebTrader to catch momentum and BANG they fill it at the current price the second I hit submit. :confused:

I'm still getting familiar with WebTrader and one order I would like to place is something similar to this:
  • Current Price: 13000
  • Go long at: 13030
  • Go short at: 12970
  • Trailing stop: 5
More...

Man I hope you're Demo trading.

I think you can do this with IB. Use One cancels all orders with an attached stop. It's not something I would do.

You could put a stop buy and a stop sell either side of the market and when one filled the other would be your stop until you adjust it.
 
Quote from Boib:

Man I hope you're Demo trading.

I think you can do this with IB. Use One cancels all orders with an attached stop. It's not something I would do.

You could put a stop buy and a stop sell either side of the market and when one filled the other would be your stop until you adjust it.
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Nope...real trades. Even though that order went in earlier than I wanted I still squeaked out a profit. I also completed two YG mini gold future trades, one I hadn't rolled forward and it was liquidated at a profit: Details Here

A demo can only teach so much.
 
Quote from saxon22:

Since you are sharing, here is mine for today.


Disclaimer, it is paper and it is not my first day. :D :D :D
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Thats an interesting strategy.
 
No I'm being genuine. I'm trying to understand where you bought and sold (and hopefully, why) but the time stamps are off due to time zone difference.

How much equity are you using to do that?
 
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