Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

Chippy

Members
 View Profile  See their activity

  • Content Count

    55

  • Joined

  • Last visited

Everything posted by Chippy

  1. Chippy
    I trade auto with a forex system but it is futures currency. It hasn't been amazing, but at least a 20% return or so.
  2. Chippy
    If it is free and available to all it doesn't work......ever wonder why everyone has it?
  3. Chippy
    I am not affiliated with this site, but I do use the guys on here for some trades. They have a decent website with some info on all the futures. They trade currency futures at least 1 time a day. Commodity Futures Contract Specifications Hope that helps
  4. Chippy
    The only problem I see with taking the 4 ticks on 20 contracts is the times when you get 3 ticks, it reverses and you are down 40 ticks in 5 seconds from a news event. What kind of stop are you using to take 4 ticks profit?
  5. Chippy
    Simple question. Why do people daytrade stocks? Why do people not daytrade in the futures market when you don't have to follow the $25,000 rule for daytrading and can make more money if you understand the risk part? Even 1 contract of the ES (S&P 500 mini) can make you more than a stock can and you don't need $25k in the account. I am just looking for logical reasons since I did the switch myself about 4 years ago and haven't looked back. I can trade strictly technical analysis and have a market open 24 hours a day instead of only 8am to 5pm. Comments would be appreciated as I am always interested
  6. Chippy
    too boastful for me...just my opinion 90% are losers in this game...that vid is only for the 10% lol
  7. Chippy
    I have a few programs from the site Live Trading Zone | Live Futures and Commodity Trading and they work really really well. I wanted to do a trial at first, so I did just one month rent. Then after the first month I just paid for it outright. I know a lot of people who just pay monthly but to me it is like renting a car lol. I would rather pay for it up front and get it cheaper than to rent each month. Although the advantage to renting is that you can just stop whenever it stops making money. My experience has been the guys who trade their own programs actually do perform the best in real life. They aren't cheap there, but they work. So as long as I make money, I don't mind
  8. Chippy
    I have a server which never loses internet connection. Costs me $150 a month and is up 100% of the time. For me it has saved my butt many many times. Well worth the $150 if you ask me. Also the server is right on the exchange in NY so the ping rate is less than 5ms giving me better fills (so they say) haha. Anyway, you can pm me if you want any of that info. On the note of the stop order not executed, at least in futures and can still happen even if your stop is with the exchange. Doesn't happen often, but here is what happened to me. I was in Lean Hogs short with a stop of only $200. All of a sudden something happened and there was a huge buy order that went through at market. Well it shot the price up way higher than my stop, the stop market was executed but by the time the stop went to market, it was more than 50 cents higher than where the CBOT set their limits at. Basically the next offer to sell was more than 50 cents higher than the stop so they do not allow the transaction to go through. Hogs went limit up in 1 second and I still had a position on. So basically, even in super fast markets you can get screwed.
  9. Chippy
    lol, there are a couple I have that are horrible at their own trades. One of them is pretty decent and is actually honest about it. I think if you find a way to trade that you like and then take other advice it can work to your advantage. However, a lot of people can't trade like that and just go strictly off what people tell them to do. Works for me, so i'm not changing anything until I start losing some money. By no means am I rich, but a few hundred dollars a day keeps me from having a 9-5 job :missy:
  10. Chippy
    I trade for a living but I follow a few advisory services to do it haha. Pick the trades I agree with and go with it. Also have a few automated programs that do the work for me. I can't imagine going back to a regular job. Even if I had to make $200 a day trading the ES I could do it. Simple easy life...and I love it Now, the advisors I follow better not die or anything hahaha
  11. Chippy
    Which bank do you work for, and how did you get the opportunity to trade for them?
  12. Chippy
    It's down because they are increasing margins with the exchange. Had nothing to do with Bin Laden
  13. Chippy
    Hey thanks...can't believe it really. Biggest profit trade I have ever had. Today had some good profit, gave a little back, but really want it as a long term trade because I entered it that way. I can't take all the credit though...my advisor told me to do it haha:crap: Here is a screenshot I had to make since I won't ever see this again off 2 contracts
  14. Chippy
    I think people are shorting now...as well as me. If we break the high, then all bets are off, but I can see us going back to the $25 area and very fast if this bubble bursts.
  15. Chippy
    I am short silver at 49.030 looking for $30 by year end
  16. Chippy
    Damn...I didn't look at the date. I thought it was only 4 posts long haha....sorry
  17. Chippy
    I personally think the best trading coach is yourself. You just have to learn the basics, and then you will be able to trade on your own. It does help to have someone guide you. I know a lot of people do not like websites that sell services, but in reality it is like you are paying for a college education. Just make sure you find a good one. With that said, I do follow one guy at Live Trading Zone | Live Futures and Commodity Trading He is very nice and not self absorbed like most of the well known bigger website people out there. You can talk about whatever in the chat room, ask any questions you want and he will answer it. His website is very helpful too for all futures trading contracts and things like that. But to learn about trading and the basics...he is the one to go see. Remember, only you can teach yourself through years of experience how to trade, but the base needs to be laid down. To start that look for someone who can help you make money instead of going broke like 90% of first time day traders I think he does a free trial, but you can email him on his contact page, I am sure he can answer your questions. Oh, also you wanted a broker....TradeStation is the best out of any I think. I have tried a few, but they have the best platform if you want to daytrade. Chippy
  18. Chippy
    Luckily my advisor told me to get short yesterday at 49.030. Biggest risk trade I ever took, but biggest gain I have EVER had on only 2 contracts lol I will attach a pic since no one would believe me...even myself haha :rofl:
  19. Chippy
    I think about $5 round trip per contract is average which is real cheap I think. I actually pay $4.80 but that is close enough. One tick is $12.50 profit/loss so you can make it back with just 1 pip/tick.
  20. Chippy
    I think futures is a much better play than the fx or CFD's. I run a program based on the big EC contract that I bought off a guy and it works pretty good for scalping some pips off the market. No spread or really any slippage so it's nice compared to FX or CFD.
  21. Chippy
    Of course no slippage on a limit order. But I thought you were speaking of the mini contract in the Euro. The 6E is actually the EC ticker symbol, so same thing. I just looked on the CME contract page. However, with EC/6E you still get slippage of a tick with a market order. All market orders slip a tick usually due to the bid/ask. Either way, I like to trade that way on the Euro...good job, keep it up :beer:
  22. Chippy
    6E the mini contract you don't have slippage?? I don't see how that is possible. There is even slippage in the big EC contract.
  23. Chippy
    It is probably more about risk management than anything else. If a program has a 60-70% win rate and the r/r is still 50%, then you will still have a winning program imo....
  24. Chippy
    I bought 3 programs from a trading site and I asked the owner that same question...."why do you offer it for sale if you make money from it every single year?" His response to me was..."I sell it to make more money. That is what this business is all about". LOL So, I took a chance and bought 1 to try it out before the others, and it does decent. At first I would mess with it, and try to exit early or not take a trade I thought would be a loser, but ended up screwing myself even more. Leaving it to run with whatever he has programmed seems to be the best. I would say 90% of the programs out there are scams. Best thing you can do is ask the programmer/website guy straight up why he sells it. If they try to claim to help the world, blah blah blah, stay away. But if you get an honest answer....maybe it is worth a shot?
  25. Chippy
    I am new here, but been trading for about 3 years now. I will take any and all advice I can get though. I am always learning something new when it comes to trading haha. I trade mostly futures and commodities since I stepped away from stocks. Best decision of my trading career
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept