AppliedPeople

This is a thread to consolidate the book recommendations scattered around these forums. As book suggestions are made, I will update this post and categorize the books according to topic/subject. When you post your recommendations, please include a 1 or 2 sentence description. Your help with this effort will be much appreciated!

Sorry, but could you elaborate on what an all or nothing management policy is? Thanks.

Just wondering what time frame session 11 represents?

If I am practicing with just one contract will this setting make a difference?

Thanks for your comments, Jeremy. I did indeed find that the stress level is very different. Knowing it will be different, and experiencing the difference are very far apart. As for the ES, I find that the tape also moves much more quickly and erratically on with Tradestation than with Thinkorswim. It felt like chaos, like gambling. Not where I want to be. Is there something else you like to trade? Are there other financial futures that move more slowly, that would be good for beginners? For the moment, I'm back to paper trading. I donated 2.5% of my funds yesterday. Expensive way to learn, but learn I did. Gabriel

I began trading live today, and I found a very immediate difference...namely that in simulated trading a buy order is filled on the bid and sell orders are filled on the ask whereas the reverse is true in live trading. Pretty big difference! :haha: Don't I feel silly.

My understanding is that e-mini profits are taxed in the US at a rate of 23%. What I'm not so sure about is what "profit" means in this context. If on a hypothetical day, my "profits" are $1000 but my commission costs are $250, am I paying taxes on $1000 or on the $750 I made after paying commissions? I hope someone can field this for me.

For the last two months, I've been trading ES contracts with Think or Swim's Papermoney simulator. I'm ready leave the kiddie pool and try wading in the shallow end trading single contracts for real money. I am opening an account with Tradestation, and I'm wondering what differences I should expect? Will I experience slower execution? Slippage? Both? The simulator sometimes seems too good to be true...which leads me to believe it is. Any help on being mentally prepared for the frustrations I'm likely to experience would be welcome!