AbeSmith

Setup 2: +10. +1.

I agree Brownsfan. The thought crossed my mind to reverse the position but I was concerned that I might get into over trading and impulsive trading. I'm also used to logging a trade right after it is finished which allows me to record it more accurately.

No problem.

This would have been a nice setup.

Setup 1: -10. -10.

Tin, I mean bad habits like poor discipline, impulsiveness, and poor money management. The setups I use are higher highs and higher lows, lower lows and lower highs, pivots, other support and resistance levels like previous areas of support and resistance, 200sma as support and resistance, previous days' close and the day's open as possible support and resistance, and volume.

Hello btrader. Thank you for the kind words.

That's good to know Tin. I will look into Infinity and Introducing Broker. I assume the reason they are using Infinity and Introducing Broker has to do with the speed of fills and perhaps lower commission.

As Cooter pointed out it looks like the company you're referring to is not Tradestation. Excellent advice Brownsfan. It's good policy to look into a company that you might do business with. Comparing a broker's customer assets with other brokers can be useful info. It looks bad if the customer assets decrease relative to other brokers. I hope they fix the VBC flaw in their next update. It should not be difficult IMO.

Hello. Dow is up in premarket. Asian markets are up, except Nikkei which ended flat. European markets are up. Good trading.

I think it is best for me to continue paper trading. It helps me learn to trade and understand what trading is about. I'm not worried that it might make me develop bad habits that will be hard to unwind. I think more likely it will help me identify and unwind bad habits that I already have.

You are right. Perpahs I was not fair in my statement. To be sure I should have looked up OEC's history and financials and compared them to other brokers and calculated if they are or are not relatively new, and if they have or have not many clients. I took the easy route and protected my statement with "it seems to me..." in case some smart guy comes along and proves me wrong. I'm thinking of Tradestation compared to OEC. It seems to me, relative to Tradestation, OEC is a new company with not as many clients. I find value in a company that has been around for a while and has lots of clients, experience, and resources. It seems Tradestation is one of the main active trading softwares. I see their advertisements in many trading magazines, and remember seeing their advertisements several years ago. I also see many people are using them. Soultrader, Paul, J. Carter, and Hubert. Not to say that OEC does not have advantages. It seems that in some ways they are better, as you mentioned they are the best broke you ever dealt with and their smallness has some positives. I am dissapointed though that Tradestation did not take their VBC flaw very seriously, and if they were rude to you I am also dissapointed. The Tradestation representative that I emailed said that on some things their software is not as good compared with others and some things they are better, and they are constantly upgrading and they take most of their upgrade recommendations from their forum. So it sounds like he agreed it was a shortcoming. But I understand that you talked to people who influence upgrades and they did not agree that this needed to be fixed. So if I'm understaind this correctly then it is clearly not a good move by Tradestation.

Brownsfan, you are right. I should respect my trading rules, even if it is just paper trading.

I was experimenting with multiple contracts and the points added up. I should be more conservative with my paper trading though to make it as real as possible. Tin, I'm considering getting a coach. But I want to build some basic or intermediate knowledge before going to a coach. I'm also broke right now so I will need money as well. Good read Tin. Always nice to read your point of view.

Cooter, I'm not looking at any of those. I've heard of them and seen them on various videos, but I'm not sure what they are. I would like to learn them though. Right now I'm still in the starting out phase and as you may know I'm only paper trading. Right now I'm still trying to tackle the basics. Once I learn the basics I can tackle the other stuff. Also, for TICK I think I need to subscribe to it. But lots of people use it and I will definitely look int all of those later. You are right. It takes a lot of discipline and that is something I'm working on.

It is $200.

My trading summary today: 8 setups. 16 roundtrips. -93 points. $533.16 realized paper loss.

Setup 8: -14. -14

Setup 8: -9. -9. Accidentally went long when I wanted to short.

Setup 6: -16. -16.

Hi btrader. So you went long at the previous day's close?

Setup 5: +8. +7.

Setup 4: -12. -12.

What about the 1 minute?

Setup 3: -12. -12.