QM Trader Journal

Quote from celedus:

Thanks.

I just want to scalp a bit, I try to trade between ranges or momentum - I must admit I don't have any serious strategy.

Thanks for the advice, I will stay away from QM, QG then - it burnt me real bad - I am just a student - $1200 is something I was planning to earn from trading in a year! :)
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open an account with IB. You get realtime quotes and all with an account. Only need 2k there. Hook up a charting program like Sierra (only like 70 bucks for a year). You can use a simulator like Zerolinetrader for free (the real thing is only 50 bucks a year).

that would be my advice and invest some time in learning about strategies before you risk real money. You could have bought a few books with that 1200 bucks. Let that be a lesson. 1200 is not alot to pay for that kind of lesson. Others have lost a whole lot more.
 
Thanks Ebo, I will stick to YM,

This Zerolinetrader stuff is nice - I guess I need some practice with that first.

Thanks all - this board is really full of experienced and helpful people.

Have good trades! (Not like my stinky trades :)
 
Quote from celedus:

Thanks Ebo, I will stick to YM,

This Zerolinetrader stuff is nice - I guess I need some practice with that first.

Thanks all - this board is really full of experienced and helpful people.

Have good trades! (Not like my stinky trades :)
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DEVELOP A STRATEGY -
THEN PAPER TRADE
RETOOL STRATGEY
PAPER TRADE SOME MORE
THEN COMMENCE REALTIME TRADING WITH VERY SMALL SIZE ON LIQUID/MODERATE VOLATIITY MARKETS

I rarely use all caps - so take that as a message!

P.S. If you do it right there is NO reason why you should be trading in a live account before 6 - 12 months. DO NOT RUSH!1
 
hello

I trade the crude oil too , but according to some pros you are , when the type of trading is sclaping , wish markets can influence the crude oil every day .

thank you
 
We are making this more complicated that what it needs to be.

LONG QM and wait, and when there is a profit take it. And stay back, and go LONG again on a pull back. REPEAT. PROFIT.
 
Quote from Ripley:

We are making this more complicated that what it needs to be.

LONG QM and wait, and when there is a profit take it. And stay back, and go LONG again on a pull back. REPEAT. PROFIT.
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Hmmm. Thats exactly the same advice I was getting from my barber about CSCO early 2000.:)
 
I have been paper trading with YM before - it has been ok, I should have stuck with YM, QM is real hifi stuff.

Thanks for everyone's advice, I will put stop loss orders and paper trade only for now and when I have a strategy then I will trade.

Thanks all!
 
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