Dinerotrader

Just wondering if the new Admin could put a quick note here on what the best method is to deal with SPAM. My current understanding is that if a spam posting is reported by some specific number of members it is auto deleted but I am not sure about this. Just wanted some clarification so I could follow the best procedure as we get bombarded with penny stock postings.

Been really busy with oil lately and haven't gotten around to posting much. I wonder when we'll finally stop this dramatic slide downward. The most frustrating part lately has been that oil has made a lot of big moves outside of RTH.

Here is a scenario: You consistently make money trading commodities. You have a friend who wants to give you $100k to trade and only wants 15% return on his money per year. Nice possibility there to make some money. How does that trader legally manage his friend's money in the easiest(least amount of red tape) way possible? My general understanding is that you can get a series 3 license and become a Commodity Pool Operator. That is the gist of my current understanding. I'd be interested to hear from those that have walked this path or can provide a lot more detail on this process and what it takes.

Maybe its because its a Friday. I'm not seeing the 70.24 rejections you're talking about.

Why 70.20?

Good to see you back Jon. If your willing to share, throw up some trades you are stalking to discuss, especially on Oil. In the end, I am hoping to make long term and short term trades part of the plan. How quickly are you moving stops to B/E?

Please post a chart if possible so we can see what you are saying. Thanks.

Here is what I get when I try to compile. How do I fix this?

There's always more opportunities. Find a good setup and post a chart.

I am total inexperienced related to coding. What would I need to do try to get this indicator in EL so I could use it in OEC?

RIG Sorry for the late response. My wife was having a baby last week so I got behind on most things. Hindsight analysis isn't worth much so I'll just post the S/R I'd be watching going forward for swing trades on the WEEKLY chart.

Twins are hard. I had those a few years back. Just had my fifth boy last Tuesday. Kids are awesome. Congrats James.

Its been struggling for a while but at this point just post if you find it useful for your progression. I am sure I will be posting regularly again to it but I got caught up on some method changes again and I don't like to post when I am experimenting instead of trading to maximize daily gains. Post if it helps you. I always found that it helped me.

Just to follow up. Here is what happened on PLFE

Timing the exits is always the most frustrating part of trading. Right now I am finally feeling good about my stock exits. I sold all my stock positions which I swing trade at the blue arrow (see ES chart below). I sold that day because the prior day move up felt like that last big push at the end of a trend when all the late comers jump in. There was also some trendline break that I noted. I was up on all my positions and had a good profit so I was ready to cash out. If I had to do it again, I think I would have exited at the red arrow after the ES had failed to really make significant higher highs. I don't short stocks so hopefully everything will keep tanking and I can start looking for longs again.

I'll say this in my best Jeff Goldblum impersonation I can muster. Ahh, the tough part is that you have to spend all that time/money NOT knowing if you will ever become profitable. There is the catch.

Now that is a nice "show and tell" when you bring the ladies by the house. "Check out my signed Goldern Girls script." :rofl: That is awesome! Thanks for sharing that Bathrobe.

I'll answer for him. Snagit. I use it everyday. The huge benefit is how much you can automate. I have a shortcut key to save screen shots to file and it automatically numbers the files by date and puts them in a specified folder. I also have a shortcut key to take a screenshot straight to clipboard for pasting in an email. Once you get your shortcuts setup, it is a big timesaver for chart capture management. I also use it to print all my charts at the end of the day for my folder for later review and markup.

I had a little breakthrough last night looking at my charts and had to do some experimentation today to get a feel for a change in my setup. No post for me today. Don't you love that feeling you get late at night studying charts when you think you might have discovered the key to really changing your trading. Even though I know it always turns out to be less revolutionary than it seemed the night before, I still love that rush. Have a good weekend.

SIM +$98 Really bad execution today. Part of it is to blame on my lack of a definition in my pullback setups but still, too many rogue trades. I cannot tolerate having any of these days again if I want to live again. Just shows my lack of discipline which is unacceptable behavior for me at this point.

SIM +$518 8 entries Didn't get to trade much today so 8 entries was too high. Broke the rules a few times on moving my stops up which cost me.

SIM +$804 I am hoping to be posting everyday again. My current focus is on only taking valid entries based on plan, minimizing intraday drawdown, and increasing my win rate. I started a little journal of notes for each entry like JEH does on his post so I can analyze each trade and hopefully correct some core problems. After trading live off and on for a week or 2, it wasn't very hard to get to a place where the money didn't bother my analysis except for intraday drawdowns. Once I saw a -$400 on the screen, it became hard to continue taking trades per plan. I will soon probably implement a rule to stop trading if I have closed losses that exceed $300 but for now I am trying to tweak the entry setup so I will continue taking trades until 1st ~3 hours of trading are over. There is always discussion of SIM vs live trading and everyone has to decide on their own what to do. I have decided to mostly SIM trade and take live trades once SIM appears to show that I have a valid setup, money management, etc. I stop live trading if it appears I have miscalculated something in SIM that isn't translating to live correctly. I do this because I believe the switch between live and SIM should be simple (for me) if my strategy has been properly defined,executed, and proven in the past during SIM. Live trading exposes problems that need to be fixed and I don't have enough money to work through the correction process with real money. SIM works well for this, for me personally. Everything I can fix and work on in SIM will be done there first before I try to stay trading live. When I switch to live trading, I trade EXACTLY the same as I do on SIM. I respect all the good advice from those that are far more experienced than myself at trading but this makes sense to me and my available funds for trading. (Note: If your simulated trading doesn't accurately reflect the mechanics of your live platform such as entry fills,etc., using SIM to practice can cause serious problems to your trading education. The ES often has this problem on SIM and this is partly why I don't trade the ES.)

Gold and Oil Just curious if anyone uses gold and oil as indicators for the other since they are often very correlated markets. Here is the chart for both gold and oil from part of today. I noted the time 7:25 on both charts which is arizona time, add 3 for ET. Oil was doing a lot of consolidating moves but I was watching gold and it gave me a slight leaning to the long side. I ended up taking a long just before the move and got 62 ticks. Just curious if anyone else uses other markets as an indicator for oil or whatever they trade and if anyone sees any legitimacy to employing such a method.

Yeah, aviation is a bad metaphor. Sports works better.

Gotta have both it seems. Figuring out how to balance them without simply losing all your money and losing the ability to even participate in trading is the challenge. Capital preservation while in my early years of trading appears to be my current leaning. Just my coming from a futures nintendo player so not worth too much. I think you're on the right track, Cory trading with real money but in very small amounts. I hope you can crack this at such an early stage so you can give us all your unique perspective.