As you know, I'm not raving about IB either. I'm a creature of habit, I guess, and would need a pretty good intensive to commit to a new broker. If OEC will prove themselves with a large user base I will consider making the move, or at least moving my backup account to them. TM Trader
February 9th (Monday) Total trades: 6 (All shorts) 2 Losers, 3 Winners, 1 Scratch Time Zone: Central (Chicago time) 8:33 AM - Short 1 ES 1140 8:36 AM - Cover 1 ES 1140.75 Result: -0.75 Notes: A little nervous from Friday 8:36 AM - Short 1 ES 1140.75 8:41 AM - Cover 1 ES 1141.25 Result: -0.25 8:46 AM - Short 1 NQ 1498 8:51 AM - Cover 1 NQ 1498 Result: 0 Notes: Nervous from Friday. Cutting losses faster today. 8:59 AM - Short 1 ES 1140.75 9:05 AM - ADD 1 ES 1140.75 9:08 AM - Cover 1 ES 1139.75 +1 9:08 AM - Cover 1 ES 1139.50 +1.25 Result: +2.25 9:19 AM - Short 1 NQ 1498 9:24 AM - ADD 1 NQ 1500 9:46 AM - ADD 1 NQ 1501.5 9:57 AM - Cover 1 NQ 1499 +2.50 9:57 AM - Cover 1 NQ 1499.5 +0.50 9:57 AM - Cover 1 NQ 1499 -1.00 Result: +2 1:16 PM - Short 1 NQ 1501 1:18 PM - Cover 1 NQ 1499.5 Result: +1.5 Overall: ES: +1.25 NQ: +3.5 Maybe I should have taken advantage of today's low volatility and done more size.
gotta learn to run before you can sprint.... keep up the good work Fast... itll click soon or a later
Fast, I'll be the first to admit that I may not be the one to give advice about this subject but..... It seems to me that you are over trading. At least, you are spending too much time deciding to put on more contracts than to just managing the first trade/contract you are in. I think your time will be better spent working on a single entry and exit strategy and method rather than scaling in and out the way you are. Once you have mastered the single entry and exit method of trading then move on to scaling in and out. My ES trading has been starting to click for me but I won't consider scaling in and out until I've mastered making one-entry and one-exit work consistently. I think the goal should be in points per contract. Once you can consistently make that positive most days, a little size will turn it into a nice income. Others may think otherwise but that's my 2 cents. Oh, here is another possible name for your LLC Braile Trading Management, LLC
Nope. Can't have it. I already own the rights to that one. Why? Because eventually I will be blind as a bat from staring at this computer all day... P.S. What pspr said above is right on. You have to earn the right to trade more than one contract. But it's okay to use the simulator if you want to practice trading additional contracts...