Forum: System: PrimeTime Mini Re-load

New?Last PostPosted By#Subject
7/23/07 (15:41)Eu New16Hey Guys Thanks for the Notes,
7/22/07 (18:11)Eu New12This guy's got good moves!
3/02/07 (0:16)Pal Anand39whoops
2/28/07 (12:12)Lew Payne1Honest Mistake - Upside Down
2/21/07 (8:45)Futurm *4My Bio, and My Thoughts:
2/20/07 (14:48)Jon Lechleidner1A Happy Sub
2/15/07 (17:56)Jon Lechleidner1Words to live by: Trading is hard.

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Subject:My Bio, and My Thoughts:
Posted by:Jon Lechleidner (Admin) ( C2 Score: 237)  New msg
 
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When:2/21/07 (1:06) 
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Too many traders today will not do their homework, and will not study. They rely on stochastics, or pivot points, or the latest craze to predict markets?

I was introduced to Futures Trading before the ES caught on. I learned this business in the basement of a millionaire trader in Utah. He was using limit orders on a pre-set pull-back, or bounce. He was also entering a trade with a goal of 1 point with a 2 point stop. ( I did the math, and those odds blow)

Then, I traded with a pro. He was a scalper, and he was proud of it. He would enter a trade, and close partial at .75, and exit all at 1.25. Oh, and he would use about a 1.25 stop. By this time, I was already developing my own ideas. This guy would say get short when I knew the market was in rally mode. He would also take a 1.25 stop, and re-enter .25 later in the same direction? That never made sense to me.

My actual mentor never traded futures. He once told me: " Jon, your excitable, and that makes me laugh" He was into charting and parellels, and double bottoms. None of that works. ( He was my pal)

Jon

  
 
Subject:My Bio, and My Thoughts:
Posted by:Index ( C2 Score: 979)  New msg
 
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When:2/21/07 (6:28) 
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In response to post by Jon Lechleidner of 2/21/07 (1:06)

Too many traders today will not do their homework, and will not study. They rely on stochastics, or pivot points, or th...

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I never really understood anyone who focused on trying to grab fractions of a point. Since the commissions/slippage are usually similar when scalping or holding for a day, I have met few who were able to scalp profitably over the long haul. Patterns or other tea-leaf systems that work, usually do so on lengthier chart scales.

Just the known problems of autotrading C2 scalping systems is a telling thing (when compared to longterm C2 systems)
  
 
Subject:My Bio, and My Thoughts:
Posted by:Jon Lechleidner (Admin) ( C2 Score: 237)  New msg
 
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When:2/21/07 (7:52) 
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In response to post by Index of 2/21/07 (6:28)

I never really understood anyone who focused on trying to grab fractions of a point. Since the commissions/slippage are...

See entire

I just woke up, and wanted to erase my corny thread. Now that Ross has given .02 cents, with no recognizable slam, I guees I'll leave it alone.
  
 
Subject:My Bio, and My Thoughts:
Posted by:futurm * ( C2 Score: 999)  New msg
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When:2/21/07 (8:45) 
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In response to post by Jon Lechleidner of 2/21/07 (7:52)

I just woke up, and wanted to erase my corny thread. Now that Ross has given .02 cents, with no recognizable slam, I guees I'll leave it alone.

Jon,
Enjoyed your corny thread, write more when you have the time.
  
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