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Small losses...large gains...sometimes


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Small losses...large gains...sometimes

  #61 (permalink)
 sysot1t 
 
Posts: 1,173 since Nov 2009


Family Trader View Post

Got some sleep as wife monitored...

if I may suggest something... take a look at ThinkOrSwim... I think based on what I deduct to be your trading style, their platform will suit you a lot more... and here are the reasons why:

1) You dont seem to trade extremely active (e.g. you are not a scalper)
2) You need to monitor your positions 24x7 and the ability to trade from anywhere (their platform lends itself to it)

based on those reasons, here are my points why TOS might be for you..

1) The platform will run on a Table (XOOM or iPAD)
a) With a table, you can be anywhere with the family. so no sacrifice there. You do need to ensure you have wireless access which can be done via cell phone tethering, via built in cell phone on the tablet, or via wifi.. comes down to where you are when you are trading if home or out in a restaurant enjoying the family.
b) Order entry and charting will be available, but you need to get used to using your finger on a screen as a mouse.
c) You can go to sleep and setup an alert that you can hear if a price level is hit.
d) You can actually pay a few experts to code anything you want on ThinkScript, so there is a community for it.
2) You can negotiate the costs with them to match or improve on what you get from OEC
3) They have a new ATS named Prodigio (which is not all that, but your rules are simple)
4) You can trade equities/options/futures and even forex(but stay away from FXCM so dont trade forex with them) via their platform
5) their record keeping will work with TAPRO(well, I find it that I can deal with my taxes better by using TAPRO, you might use something else)

lastly, you could also ask OEC what are their plans to support mobile devices with their fat client.. in specific iPAD or XOOM...

also, you dont need a table if you dont want to... before iPADs where the it, there were tabls from IBM .. their Thinkpads are excellent, all my notebooks are Thinkpads.. and the buy from lenovo didnt ruin quality... if price is no objective, look at X201 SEries Tablets.. they start at $1300, but properly configured it will set you back $3K..

the advantage to the full tablet is that you can still run OEC trader on it at 1280x800 and use a pen on the touchscreen... and still have it next to you in bed with alerts to wake you rather than to sit on the screen monitoring things like a mad man ...

anyhow, just my suggestions as to what you can do with technology to facilitate your trading..

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  #62 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

Gee ...it is nice to know there are knowledgeable people around that will give a stranger a hand.

Thanks ,sysot1t...I hope there will be the day I can return the favor...

I have been very busy today...managing my trades ...this strategy, besides complementary trades in ES and 6E.

In addition, in between preempted alerts going off, I have been sussing out a method to establish a sound trail loss on the published strategy...it takes work and patience...I know what I want to do, but need a walk forward to confirm..

Will get around to covering my trades later today.

Hate Wednesdays...


Trader

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  #63 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90


Long day and finally got the series completed with a net profit..


Won't go through all the trades as most have got the picture..net profit 10.75 points before comms.

Forgot to mention closing trade was 1308.50..

May not trade at all today...not feeling well enough...going back to bed.

There is always tomorrow

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  #64 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Broker: IBKR
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Feel better soon.



Mike

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  #65 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

Back on deck...missed 2 complete series of +10's for profit while not well...thems de breakes...

Have decided to limit my trading by having a long period between each completed series as a result of 'over doing it' recently. Need to rest and as my wife says, "The market will be there when you wake up...just make sure you wake up!!!"

While doing nothing ...I am satisfied I have come up with a solution related to trailing stops that i can live with..

Have a new series under way...

L128625
S128550
L128625
S128550
L128675

Will post at end of series...

Trader

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  #66 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

Another series completed with a profit..9.25 before comms

Will be applying a method earlier where the CMO reaches a given 'extreme' condition. there were two instances during the trade where it could be applied .

Will put up a chart later and highlight the 2 extreme conditions..

Trader

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  #67 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

Chart for Friday's trades highlighting extremes...although waited out for +10.

Next week will apply extremes as it will reduce potential exposure and may turn out more profitable.


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  #68 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

i won't be trading until the morning ,however just want to point out an 'extreme' was signals from 9375 to 8875 (cover)...

Looks fairly efficient...net profit only 2 points before comms....still a profit , though

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  #69 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90

Another 10 point profit goal achieved...the 'extreme actually coincided with the 128325 needed...charts will be provided later...

Net profit 12.50 before comms...32 contracts

Trader

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  #70 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
Posts: 179 since Feb 2011
Thanks Given: 66
Thanks Received: 90


Just found out cannot include an attachment to an update...so here is the charts for today's trades.

Will be starting as from 1.30 am EST for next trade

This could be the wrong chart..from Friday

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Last Updated on May 17, 2011


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