Quick question for anyone who trades more than 10 lots of YM, if I may: do you bother using iceberg limit orders to hide your true size, that is if your broker lets you simulate this type of order? I know IB do, but not sure about others.
1. Very good, although you might miss a few teaching lessons. For example today after 1 pm the Stochs were going down although the Dow stayed up until 3 pm. So you had 2 hours to get the hell out of longs... 2. Currently down like what? 40 points? Yes, your timing is way off. This and the last trade sucked big time.... Now I hope you are going to close it in the green, and I wish you good luck with your search for backers, nevertheless a bad trade is a bad trade.... But in porgie's style: u r the man! keep up the good work!
What is "most likely"? Lol, I am paper-trading all day from school. Would have been long on the move up *paper traded on real paper from school on cbot), and traded the middle almost flawlessly with a 5 poing stop. I have the paper-trade to prove it on NinjaTrader. I have from 2:57 to 4:15 on NinjaTrader, shorted at 926 and also went long at 860 near the very end to take the newbies money for another 75 It would have been my 1000+ day today, and I'm loving it.
Just keep in mind you had all these huge up days when you papertraded before. Then reality hit when you went live. I hope you succeed this time in your live trading. Good luck.
coulda woulda shoulda is not in a trader's vocabulary. Paper trading is fine for developing trading plans, but nothing can compare to real money.
You know what, I just typed a lot of BS for people that doubt success. But 6 weeks, I'll let the trading do the talking. That is all there is left to say about that. I don't see anyone else showing P&L. 200k a year coolweb, wtf, don't you dare challenge my trades. Now to top off all the BS, I just need porgie to top it off with some words of wizdom. People are unbelievable on ET, no wonder why only 5% of traders make it. Unfuckingbelievable. Gotta love trading, and the people invovled.
Sorry if you took offense but my words come from experience. I really hope you make it, and you have a lot going for you to make it.
Jmow, good luck to you. Post your P&L on the discussion "Traders P&L" if you would like... don't worry, poeple won't talk bad about your results. It's a supportive discussion But I would agree with the previous post - paper trading is nowhere near real money. No emotions in paper trading and plenty of that with your actual money.