Taking 15K to 1 million in 1 year

here are two more calls, just in case :) im not a pro, so take this with a grain of salt.

DELL --> LONG @ 11.90/ STOP @ 11.15

DELL --> SHORT @ 11.14/ STOP @ 12.29

ERTS buy @ 17.48 / stop @ 15.92
erts short @ 15.91/ stop @ 17.46
 
Quote from college_trad3r:

Well I've finally decided. I finally decided to create an account here and start live trading.

I have a strategy that uses support and resistance, price action, RSI, ADX, MACD, 3,5,20,50,100,200 moving average, daily, weekly, monthly floor pivots, market profile VAH, VAL and POC and last but not least, volume.

Before you ask me how I've made a system, I've been mental trading since March 2008, at least half a year. I can't say I don't have alot of experience in the markets :)
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Just curious as to what time frames you are working with? With all that stuff you are going to get false signals every 5 mins. Are you literally trading systematically or when you see a signal do you place the trade at your discretion? Are you trying to trade high prob winners or 50/50 winners to loser with big winners? When you commit to a style and time frame where to place your stops will become clear as day.

I wish you luck but it sure is easier to start out with 10-20K than 3-5. Remember everyday will show you an opportunity so don't be in a rush.
 
Quote from college_trad3r:

I draw all the lines, like floor pivots on my chart but they don't give direction, so I look for direction with my indicators!

I think I must use bollinger bands now, I think I shorted outside the lower bollinger band.
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Here's a neat idea to determine direction: if price is going up, then the direction is up. If price is going down, then the direction is down. Best indicator ever! In fact, try using price instead of indicators for everything else too.
 
I give up. I only got 5 points today even when the ES moved alot! Also my demo account is ending and I can't afford to keep it open during the holidays. Bye everyone. :(

Still, does anybody know who is the cheapest futures broker and the best futures broker out there? Ill probably open a live $ account in a year or later anyway. Important is commissions, but also bank transfer costs. I will need to withdraw money every month for my living expenses, so it can't be expensive! :)
 

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Quote from Rangerdoc:

Here's a neat idea to determine direction: if price is going up, then the direction is up. If price is going down, then the direction is down. Best indicator ever! In fact, try using price instead of indicators for everything else too.
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I agree...if the direction is up...then that is the direction...so, short it, it can't go in the same direction forever...right?
 
Quote from ps0013:

I agree...if the direction is up...then that is the direction...so, short it, it can't go in the same direction forever...right?
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How long are you willing to hold if it keeps going up? Not long I bet. Why fight the trend ?

Why does everyone love to fight the trend!? I don't get it I never will! When most newbies think its to high or low to get in that's when u really should be getting in!
 
Quote from TradingPilot:

How long are you willing to hold if it keeps going up? Not long I bet. Why fight the trend ?

Why does everyone love to fight the trend!? I don't get it I never will! When most newbies think its to high or low to get in that's when u really should be getting in!
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:cool:

:D
 
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