Velocity Trader DAX Journal

BStrader · Dec 6, 2003

FDAX/NQ are great vehicles for scalping.Whith watching L2/DOM you can very easy see where the price want to go.No hard to make a few thousand,depend how much contract you want to play.

GoodTrades · Dec 6, 2003

I don't keep my log files from Trading Technologies. But I will make sure I copy them on Monday and will post them then. Will that do?

BStrader · Dec 6, 2003

OK,I thought Man is only online.Than they are good enough for that also.

BStrader · Dec 6, 2003

btw,they call me twice a week if I open by them account or not yet LOL.Great support,great offer of their product.

PuffyGums · Dec 6, 2003

Quote from velocity_trader:

I don't keep my log files from Trading Technologies. But I will make sure I copy them on Monday and will post them then. Will that do?

That'll be great. Post the trades and I'll annotate a chart.

ElectricSavant · Dec 6, 2003

Thanks you guys....

Michael B.

Quote from PuffyGums:

That'll be great. Post the trades and I'll annotate a chart.

GoodTrades · Dec 6, 2003

I think that anyone starting out trading shouldn't risk more then 2% of there capital in a given trade. However as you get more experienced and build a cusion of profits I don't think it is unreasonable to take that a little higher. However if you experience a draw down should lower his risk per trade.

For scalping I don't think anyone should risk 2% a trade, I risk about .25% - .5%. But if you play for larger moves and are in trades a longer time I would use the 2% rule and up it as you become more successful, and cut it back durring draw downs.

For scalping I would use a 5% of capital cut as a daily loss limit. I would never want to exceed that.

GoodTrades · Dec 6, 2003

Yes that does happen frequently. That is a good point to make to beginners.

GoodTrades · Dec 6, 2003

My worst draw dawn pt. scalping over the last 3 years has been about $25K. Although in my first couple years trading I did some stupid stuff and had bigger losses then that in a day.

I started out as more of an intra day position trader(first couple years) and evolved into a scalper. It suits my personality better.

dpanic · Dec 6, 2003

Quote from BStrader:

IB/eSignal are just toys.IB is very often down,eSignal has again and again problems with connection to europe.I using J-Trader of broker where is day margin for DAX 2500. [/B][/QUOTE] I don't know that ...nerally dead on in sync with my jtrader feed.