Practicing strategies, order placement, etc. on a sim account is fine. Practicing scalping on a sim account is a bit trickier because fills and slippage are totally unrealistic (plus commissions). Not critizicing you, just a friendly observation fyi.
None take. I have traded 10,000+ of contracts, ES, ZN, YM, NQ since 90's. Before I run any new system for live the check list is: 1) Order handling: Types, native versus simulated at broker. 2) Connection: Latency at high volume times, backup connection roll-over works when then primary goes down, including order handing. Includes both primary and secondary brokers. 3) Signal sampling for entries and exits: Make sure it does as intended. 4) Order scaling for margins and limits at FCM. 5) Clean install of OS and software used. Ditto for backup machine. 6) Order notifications via text and email. 7) Weekly backup routine with an actual restore. Then go live and find things that can ONLY happen when live. But at least all the low hanging "fruit" issues are done. Today I just needed a break from coding and it was a fast moving great day trading day. Like a kid watching everyone else play outside while you are stuck inside! As far as the fills go, MC is pretty good by not automagically filling(C2) not filling top of book(interactive brokers). And of course no fill is considered real until it trades through the bid ask by one tick, i.e. bottom of book. And comms are considered 1 tick but in actually are more 80% of a tick, RT. Cheers.
This is what I said on Sunday night. One more green day tomorrow and this will be pretty damn close, while you'all freaked the fuck out on Sunday night and all week. This is really my last post here, and I can be seen in other threads in the trading session. Good luck to all and make money.
"Don't Trade in the Middle" whenever ES escapes a regression, let it go Coast to Coast, if you try to trade in the middle, you will get chopped up. This principle applies to intraday levels also.
Ahhhh.... I thought one more big flush. Way bigger than yesterday's dive into the close. And I thought it would really hit today. It should have. All I can say, all things being equal.... if we do see another 3.5% dip on the naz... buy it. I think there's a pretty high probability though, $432 on the Q's is a rock solid bottom.
No one freaked out. I said buy the dip at 2:30AM-ish et Sunday night when I saw the Asian markets trickling into Europe and I knew the Japanese carry trade was one that would snowball and spook market institutional herds worldwide. I also know that stuff like that, even though it should, means nothing. So you'll get this one right, barring a dip on the Q's below $134. Which really surprised me didn't happen today. But that's why I remained mum. That said, the reversal at 437 today still hasn't convinced me. But we're close.If stupid minds prevail, which they historically have... blue skies from here.
If yesterday's low was the low +/- .... brace yourselves.. because we are going to see one of the greatest Aug-Oct runs of all time. ~vz