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wow
Members-
Content Count
13 -
Joined
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Last visited
Personal Information
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First Name
TradersLaboratory.com
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Last Name
User
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City
Lincoln
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Country
United States
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Gender
Male
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Occupation
IT technician
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Biography
Still learnig
Trading Information
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Vendor
No
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Favorite Markets
stock and futures
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Trading Years
5
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Trading Platform
IB
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Broker
IB interactive
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wow started following Trouble Holding On To A Position?, Would This System Make Sense?, Is Day Trading Dead? and and 4 others
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Honestly, No. Risk versus Reward ratio way off. The correct minimum ratio should be 1:1 or 1:2 or greater. As Per your intention to take 3 for leverage on 2 remaining strategy, you need at least 1:1 RR ratio. I learn this from a retired Trader from my hometown a few years ago that RR ratio is the most common misunderstood trading rule by many. I think you may find him in one of the mIR's othernet chat room during ES day trading session.
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No, After the fact always easier. :haha:
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Not worth to trade: Low liquidity and what you see is not what you will get. Lack of regulation and control, the institution traders always win. I lost $100,000 last year because of the two factors mention above on correctly did according to book and still losing money. Options are biggest legal scheme ever to scam you money without any trace of wrong doing from New York and Chicago.
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I know someone doing that everyday. You can find him in Othernet.org IRC patterns chat room. I have not visit the room for almost a year now due to busy schedule and new job. No doubt this full time trader and his friends still in there posting charts every day.:rofl: Good Luck.
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I propose somebody use the google spreadsheet experiment with up to date S&P futures MP and let members in here update volunteering at convenient times. This could help solve probelms quicker.
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I've emini sp chart only from broker trading platform call strategy runner lite. Do you think I could find a way to import those datas into excel?
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I traded only one emini sp at a time and just started two contracts per side last month. What I learned from the gentleman was his peculiar trading concept treated every entry as part of casino betting. That is: Any entry is a bet and should accompany with stop. Period. Any opened position must set a target with at least 3X reward versus risk exposure. The bracket is fixed, right or wrong. Changes allow only when the position is in your favor. He calls it trail stop. A trail stop activated only if entry price move into 1/3 of objective targeted price. I am still try to understand when he said 'extension in exceptional range' when market volatility increases. I suspicious he's a Market Profiler because he talk a lot of value Long or value Short. Something I don't understand and sounds foreign to me. With his way of trading, turned me around the last 5 months from consistent losing months after months for almost 17 months. Not perfect, but no complaints. He has a free blog at myspace.com/no_nom
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I've learned from a trader in othernet IRC chat room by using projection of 3X to 5X versus Risk as an exit point, followed by trail stop. Works pretty fantastic.
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thanks Ryker. Is that anywhere I could obtain free delay or end of day datas that I could use and learn from? Very much appreciated.
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Hi, May I have the bloomberg downloadable historical intraday data url? thanks in advance.
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Care to share your code? thanks
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I am curious and want to learn but don't want to invest into something I don't understand and complex. I think the free excel format is a great start for me to have an opportunity to study and learn what's MP is all about.