Thanks. And when you find a bid/ask in SPY at 23:00 EST on Sunday, to adjust your position (like AMT regularly does), let me know, and I might give it a shot. JW
Now there... you finally have a point... That is why you transition over to ES as soon as you can once you have tested / learned the strategy ...
Twelve Steps to successful trading for a struggling trader 1. Resolve to learn how to trade successfully without adding more money to your trading account. 2. Develop a clear, understandable Trading Plan and follow it, unfailingly. 3. Trade on the simulator using the same limits and set-ups that you intend to use in the live market. When you have mastered consistency move to the live market. 4. Have your broker hard code your daily loss limit at $300 and set your contract limit at two contracts. 5. Define your setups in writing so that another person can tell if you are executing the setups you said you were going to take. 6. Limit your tick per trade loss to some small, but reasonable, number and live with it. 7. Start each day trading one-lots and only advance to two lots when you are, at least, x ticks ahead on the day. 8. Never add to a losing trade. 9. Anytime you have three losing trades in a row, take a meaningful break (turn off the monitor, leave the room, get some fresh air). 10. Trade only during the clearly-defined, productive times of day (i.e. for stock indexes 9:10AM to 11:30AM CST and 1:15PM to 2:30PM CST). 11. Decide what futures contract you are going to trade and stick with it. Do not switch between contracts. 12. Mark your trades on a chart and write a brief narrative about the day on the chart. Follow the twelve steps and move from the frustration of being a struggling trader toward the calm, confidence of a successful trader. I plagiarized that from somewhere. JW
I am having some trouble with my charts. Can someone please post a 24 hour chart of the ES for the past few days...thanks.
Yo AMT... To get the CDV to show where it plots on your ESCD_Sep_2 image chart... it looks like you are using the UpTick vs DownTick setting in contrast to the other breakdown setting of AskTraded vs BidTraded which shows a lower resulting CDV value... as in a lower CDV high not a higher CDV high... So you prefer the UpTick vs DownTick setting in the breakdown area to the AskTraded vs BidTraded setting... Mai Non... ?
IF you ever become a successful trader, or successful at anything, which I highly doubt, the first time you miss a trade and lose thousands of dollars you'll get yourself a laptop and take it with you, unless you're an idiot... Now get back to trying to figure out how to make money so you can quit your daytime job flipping burgers or whatever.
You should listen to these guys if you want to learn to trade. I cant see you ever becoming succesful. The people you could learn from have you on ignore on the ES journal from what i see. Dont burn all your bridges!