[thalestrader]

Originally Posted by Robert Joyce »

I feel that with the indexes there is no lost opportunity ... Unlike stocks where you might watch a stock for days waiting for your 'opportunity' and if you miss it you have to go and look for another. Unless of course you are as good as Thalestrader. lol

Just for the record, I never watch a stock for days waiting for an opportunity. I never know what I'll be trading on a particular day until I am placing the order. Many times I have no idea what the company whose stock I am buying even does!

Best Wishes,

Thales

[Robert Joyce]

opps there is one more thing you can know about a single tick and that is whether it was bought on the bid or the ask.

So says my brother.... lol

[thalestrader]

Originally Posted by diablo272 »

That's certainly true, but I do think that a statement showing profit is more than many of these vendors would be able to show. If someone isn't able to turn a profit with their own system, that would be a red flag.

Agreed.

And for the record, I have bought more than my share of software, systems, books, dvd's etc etc over the years.

In the end, it was a handful of inexpensive books and hours upon hours of screen time that really pointed me in the right direction.

[bathrobe]

Regarding TTM, I would do what they do also if I could. Enjoy long weekend.

[DaKine]

I was able to end the day green after being down -13 from the start. Shoulda Woulda Coulda took a small loss on the first trade. I doubled up on the next and got close to b/e as I could, wish I would have held for my normal targets as I caught the low and could have ridden it up to mean and DVAH. Anyway was able to get +9 cum on the day. Have a great weekend!

[thalestrader]

Hi Folks,

Two trades today: CME +$0.45 and NDAQ + $.10 for $0.55 total/share

Here is a sumary of this week's activity.

21 trades
13 Profits
8 Losses

Average Profitable Trade: was +52 pennies/share, and average loss was -8 pennies/share. R:R ratio approx. 6.5:1

Total profit for the week was $6.17/share. This simply means that total profit in dollars = $6.17 x # of shares/trade. For example, if each trade were 100 shares, total profit would be $6.17 x 100 = $617.00. If each trade was 1500 shares, then total profit for the week would be 1500 x 6.17 = $9255.00
If each trade were 1 share, then the total profit would be 1 x $6.17 = $6.17

My weekly goal is a total profit of $1.50/share. Some weeks I fail to reach my goal, some weeks I exceed it. The key is keeping losses small relative to profits.

Best Wishes for the weekend,

Thales

[brownsfan019]

5-22-09

Nuttin to report. Woke up not feeling good and just took the day off. Have a great, long weekend everyone! Don't forget that Mon is a US holiday.

[Robert Joyce]

Ok so no real trades today. I did put on some sims with 2 YM contracts, a 21 pt stop and 8 and 15 pt limits. Two losers to start then 5 winners in a row each one taking out both limits, it was beautiful to watch, ended up $235. but only 21 true points. Still I am very happy with my week. It has really helped me immensely to have these dialogues with yous guys and I hope to have more in the future. Thanks for listening.