[BrianNC]

Originally Posted by JKLM »

did I get you right ..you recommend wider stops than targets or oposite

Could you elaborate on that bathrobe?

[bathrobe]

Originally Posted by JKLM »

did I get you right ..you recommend wider stops than targets or oposite

No, I meant for instance a 2 pt. stop and a 4 pt target. Due to the nature of the S&P I think you need at least 2pts. for a stop, I use (for most trades) 3:3 As you progress and feel more comfortable and can evaluate price action while a trade is happening moving stops/targets is done every trade for me, and I use a 1:! to begin with, I just do not recommend this for people trading on emotion, under-capitalized traders, traders still learning and so on.

I would also recommend when trading more than one contract to use a (example) 2pt stop, 3pt target for one, move stop to +1 tick and let last run.

[bathrobe]

Results for Tuesday the 15th of September, I also attached a chart from Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system. I have the free 1 month trial only so I attached the chart of the S&P cash index; for the emini you must subscribe, the volume indicator is interesting, I only am looking at it because it is volume based.

[Dinerotrader]

I thought I had FNET under control today and it worked me twice. I worked on controlling my emotions during the trade in an effort to remain calm and accepting of the result. I tend to want to start counting my profits as soon as I am in the money which is not good for my money management decisions. I'll never let the winners run if I do that. I just keep thinking, "what would thales do" and that seems to get me back on track.

[bathrobe]

Originally Posted by imorgan »

I thought I had FNET under control today and it worked me twice. I worked on controlling my emotions during the trade in an effort to remain calm and accepting of the result. I tend to want to start counting my profits as soon as I am in the money which is not good for my money management decisions. I'll never let the winners run if I do that. I just keep thinking, "what would thales do" and that seems to get me back on track.

I am curious what broker you use for stocks and how you like them. I use optionsxpress when I trade equities, options, or etf's, which is very rarely, though I would like to do more and add a portfolio of longer term "investments", not trades. I have been looking at TOS, I like the ease of use and charting

Please, anyone who likes a stock broker and thinks they are above and beyond the rest let me know.

Thanks.

[brownsfan019]

Originally Posted by bathrobe »

Results for Tuesday the 15th of September, I also attached a chart from Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system. I have the free 1 month trial only so I attached the chart of the S&P cash index; for the emini you must subscribe, the volume indicator is interesting, I only am looking at it because it is volume based.

BR - for those of us slower ones out here, mind explaining what that chart is showing?

[bathrobe]

Originally Posted by brownsfan019 »

BR - for those of us slower ones out here, mind explaining what that chart is showing?

Sure, the charts show "surges" in volume, which is discussed in the Trade Intensity thread. According to the website these surges in volume always come before a change in trend direction, and using the market volume SBV oscillator (selling - buying volume) you can reduce your losses by 50%. Today was my first day watching it so I really can't comment on how well it works.

Their are many ways of plotting volume surges and the package comes with all the other Technical Indicators as well as market outlook. They also offer signals using the SBV oscillator.

I am just too busy today to get into it more but I will include more info tomorrow, they offer a lot more than I will most likely get into because I don't want to miss a move because I was messing with something new.

I will keep you posted.

[Dinerotrader]

Originally Posted by bathrobe »

I am curious what broker you use for stocks and how you like them. I use optionsxpress when I trade equities, options, or etf's, which is very rarely, though I would like to do more and add a portfolio of longer term "investments", not trades. I have been looking at TOS, I like the ease of use and charting

Please, anyone who likes a stock broker and thinks they are above and beyond the rest let me know.

Thanks.

I actually use Wells Fargo right now since they give me free trades but I will be switching to Ameritrade soon because I need more bells and whistles to manage my trades. Ameritrade also gives you access to TOS since they own them now. I am sure others have more wisdom to offer about brokers.