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Showing results 1 to 25 of 35
Search: Posts Made By: SteveH
Forum: NinjaTrader November 28th, 2022, 12:52 AM
Replies: 6
Views: 1,986
Posted By SteveH
Downgrade your TWS to 981.3i. It's a problem...

Downgrade your TWS to 981.3i. It's a problem with the version 10 series. The 981's work fine.

Also, be aware that for the e-minis, the Exchange name GLOBEX has changed to CME. This affects the...
Forum: Trading Reviews and Vendors April 24th, 2022, 10:05 AM
Replies: 55
Views: 21,526
Posted By SteveH
Can a 1000+ people watching you trade a low float...

Can a 1000+ people watching you trade a low float stock give you some alpha in your trading? Of course it can.

There are times when he adds to a trade 4-5 times within a 20 cent range. This...
Forum: Trading Reviews and Vendors April 21st, 2022, 09:36 AM
Replies: 55
Views: 21,526
Posted By SteveH
Slap on the wrist. Cost of doing business. ...

Slap on the wrist. Cost of doing business.

No mention of front-running his 1000+ member chat room to gain an alpha advantage. That about says it all.
Forum: Trading Journals May 11th, 2018, 08:25 PM
Replies: 76
Views: 15,154
Posted By SteveH
John, Why are you reverse position sizing? ...

John,

Why are you reverse position sizing? You're putting yourself at a statistical disadvantage if you aren't prone to having high winning pcts.

Page 265 of Tharp's 1st ed "Trade Your Way To...
Forum: Trading Journals September 26th, 2013, 10:08 AM
Replies: 63
Views: 12,336
Posted By SteveH
"There is one kind of exit that is designed to...

"There is one kind of exit that is designed to get rid of losses, but it totally goes against the golden rule of trading of cut your losses short and let your profits run. Instead, it produces...
Forum: Trading Journals September 20th, 2013, 11:54 AM
Replies: 978
Views: 207,299
Posted By SteveH
Guys, if both of you are under 30, you are wise...

Guys, if both of you are under 30, you are wise beyond your years.
Forum: Trading Journals August 9th, 2013, 10:48 AM
Replies: 63
Views: 12,336
Posted By SteveH
Have you read Bob Volman's book on price action...

Have you read Bob Volman's book on price action trading? Might be beneficial since he talks about the advantage Forex traders have in getting larger as the account grows.

You are trading two...
Forum: Trading Journals March 23rd, 2013, 12:05 PM
Replies: 556
Views: 107,111
Posted By SteveH
Just out of curiosity, I ran some numbers on a...

Just out of curiosity, I ran some numbers on a comparison of someone who made 109K (bumping up against max taxable income for SS and Med.) from trading their own futures account and someone who went...
Forum: Trading Journals March 22nd, 2013, 07:24 PM
Replies: 556
Views: 107,111
Posted By SteveH
Josh, My apologies. I see where I misread...

Josh,

My apologies. I see where I misread that page. I edited the original post with an insert after the incorrect part. There is risk on their side. Looks very minimal though vs their...
Forum: Trading Journals March 22nd, 2013, 06:35 PM
Replies: 556
Views: 107,111
Posted By SteveH
Merritt, Do I have this right? If you wind...

Merritt,

Do I have this right? If you wind up getting an account funded by TST, you absorb 100% of the losses below the initial balance and they take anywhere from 20-40% of your profits? Since...
Forum: Trading Journals March 18th, 2013, 10:30 AM
Replies: 556
Views: 107,111
Posted By SteveH
I'll put it another way. 60% LT is the not have...

I'll put it another way. 60% LT is the not have to worry level. In the 50-55% area, the greater the dependency on higher contract levels for the net gains to provide desirable levels of income....
Forum: Trading Journals March 18th, 2013, 09:02 AM
Replies: 556
Views: 107,111
Posted By SteveH
I'm pretty sure that it takes close to a 60%...

I'm pretty sure that it takes close to a 60% winning pct for reverse position sizing (RPS) to work out in the long term. Carrying your largest loser per trade from the initial entry while peeling...
Forum: Trading Journals February 14th, 2013, 10:59 AM
Replies: 797
Views: 140,762
Posted By SteveH
Merrick, the problem with a carrot / stick...

Merrick, the problem with a carrot / stick business model is that the one holding the stick always makes the rules least advantageous to you and always wins while you're always at risk of starving. ...
Forum: Trading Journals January 20th, 2013, 07:50 PM
Replies: 29
Views: 5,859
Posted By SteveH
mtwzzz, Good advice. The only thing I...

mtwzzz,

Good advice. The only thing I would add is to trade the CL instead of the 6E. Lots more 12-30 tick scalping moves while keeping the average stop loss to 7 ticks (varying from 5-10 ticks...
Forum: Trading Journals December 15th, 2012, 02:30 PM
Replies: 216
Views: 35,950
Posted By SteveH
VERY typical start. No clue what to do. Read...

VERY typical start. No clue what to do. Read a lot of books on trading, thinking that more knowledge keeps one from repeating most of the warnings of the authors of what not to do (hah!)

First...
Forum: Trading Journals December 6th, 2012, 11:23 AM
Replies: 216
Views: 35,950
Posted By SteveH
As your journal develops, I think it will show...

As your journal develops, I think it will show that trading results are just as fractal as the price patterns/action between the various timeframes are. While your perception that multi-day trading...
Forum: Trading Journals October 25th, 2012, 06:59 PM
Replies: 797
Views: 140,762
Posted By SteveH
I don't think it's a coincidence that you started...

I don't think it's a coincidence that you started having problems with NT just about the time you started trading the CL with size. You're probably getting segmented fills more often and NT is...
Forum: Trading Journals October 23rd, 2012, 02:04 PM
Replies: 29
Views: 5,859
Posted By SteveH
"Forex Price Action Scalping" by Bob Volman ...

"Forex Price Action Scalping" by Bob Volman

This would be more valuable to you now than intense introspection.
Forum: Trading Journals September 18th, 2012, 12:39 PM
Replies: 215
Views: 40,488
Posted By SteveH
A regression-based moving average has worked well...

A regression-based moving average has worked well for me when the volatility is good.

Pull up a 25 regression slope MA (aka 25 least-squares moving average) on that 150T CL chart. It helps me to...
Forum: Trading Journals September 3rd, 2012, 10:51 AM
Replies: 797
Views: 140,762
Posted By SteveH
50% winning pct -> 1.8 to 2.0 max expectation of...

50% winning pct -> 1.8 to 2.0 max expectation of avg win/loss ratio

70% winning pct -> 1.0 to 1.2

80% winning pct -> 0.5 to 0.8

This is what one can expect as the Law of Large Numbers takes...
Forum: Trading Journals August 22nd, 2012, 03:08 AM
Replies: 1,240
Views: 157,821
Posted By SteveH
"this is why we run a 15 point stop - i know some...

"this is why we run a 15 point stop - i know some will have a hard time justifing it - but we are up better than 68 points in 4 weeks on this swing pattern -3400 per contract traded (10,000) or 34%...
Forum: Trading Journals August 6th, 2012, 08:43 AM
Replies: 141
Views: 35,592
Posted By SteveH
Everything you're saying is fine except for one...

Everything you're saying is fine except for one thing:

Never add to a losing trade. It is the road to ruin.
Forum: Trading Journals August 4th, 2012, 10:09 AM
Replies: 258
Views: 44,378
Posted By SteveH
The higher your winning pct, the lower your avg...

The higher your winning pct, the lower your avg gain per trade will be. Around 50% winners, you can expect to have a 1.4 to 1.8 payoff ratio (i.e., avg gain / avg loss) after you factor in...
Forum: Trading Journals July 23rd, 2012, 07:31 PM
Replies: 797
Views: 140,762
Posted By SteveH
The price you pay (both emotional and...

The price you pay (both emotional and mathematical) for having big winners from adding to a winning trade while keeping initial capital risk small is that your longer term winning pct will drop to...
Forum: Trading Journals July 3rd, 2012, 05:54 AM
Replies: 215
Views: 40,488
Posted By SteveH
The irony here is that most people come to...

The irony here is that most people come to futures.io (formerly BMT) after having been repeatedly ripped off by "mentored training courses/materials", settling more for honesty among other at-homers...
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