Thank you for the indepth response, it is very helpful.
I am enjoying your thread, very nice mix of psychology and method. How do you trade momentum breakouts, what TF etc.?
price, only trade 9:30 to 11
Why increase size before you are consistantly profitable?
Will your trading be automated or involve some element of discretion?
If there is any discretion, you will need to deal with psychological issues.
Only you can define what 'low risk' is. Markets evolve, and what is working now will most likely stop working at some point.
I found this on another site:
Anyone know the new symbol for the mini-dow futures (YM03Z)contract for use with Interactive Brokers data with sierra charts?
comparing your entries to random entries is a good way,
acrary has posted about this before
contact gordon gekko on this site, he can teach you everything you need to know
being ruthless is a social skill, an introvert can't do it
Keys to success in anything
beliefs, confidence, knowledge, patience, perseverence, humility, objectivity, integrity, complete honesty with...
I believe it is a chicken/egg argument. I needed to have the psychology part down before I could even recognize what an edge is. Also I suspect...
I use IB (free data) with sierra charts (~80 per year), you could also use quotetracker (free) for charts. However, I do not need anything fancy...
quotetracker.com works with IB data and it's free, and it has tick charts
That's fine just remember that the definition of insanity is doing the same thing and expecting different results.
Regarding the ZN and ZB...
breakout, thanks for another great post, you are so generous with your methods
what are you using for a profit target?
didn't that guy start a thread on ET
I remember some guy offering a free system a while back
I think day trading is the most difficult, and it all depends on the individual, many never find success.
This topic has been discussed many...
Take a look at the bonds (zb) and 10 year notes (zn), there is often a great trade between 830 and 10 am E.T. Also, these have been trending much...
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