well i must say that i have only been there a few weeks but the one guy D. Johnson is very good. he follows the indexes and is extremely knowledgeable. i thought that his insights were very good. i wish he stayed on longer though. but i can't complain because it is free. what more could you ask for? as for the other 'mentors' there i cant speak on because i happened to have stumbled across this guy 1st and have not yet tried the others. i will let you know.
TRADERguy, Today I traded T-notes after the numbers. Thank you for the idea. It was OK, but a little bit boring compared to forex futures...LOL. How about you? What is your s/l in T-notes?
TRADERguy, I saw in a thread that you don't like to take partial profits. Why not? P.S. Which charts do you use?
Yes, no one ever accused the T-note market of being exciting. I sold the notes after the prices paid ism component came out (near the bottom of the range) and the notes continued to march south. I was surprised at the strength of the move, but I'm not complaining. Glad you got your feet wet. There's potential for a lot more fun & profits on Friday. During regular trade I hold losses to 4 1/2 tics in T-notes but after a number if it's choppy you have to give it a little more room.
TRADERguy, T-notes (and bonds) are a little bit confusing - because they don't trade in "normal prices". But right now in September T-notes: 108 8/256 - 108 12/256. So what do you mean with 1/2 tics?
Partial profits reduce your expectancy (see Van Tharp's Trade Your Way to Financial Freedom). It reduces your profits and leaves your risk the same (loss between entry and stop loss). I use CQG. Bar charts with the little tics for the open and close of each bar. 5min, 15min, 60min, and daily. Also I sometimes look at a 1 minute for number releases and to see more detail of what has transpired if I have taken a break.