Recent content by miracletech

Hi Tomorton, Now I understand how you are able to successfully use 9 setups, since they each trigger so infrequently. Like I said I only use 2 setups, but together they generate around 6 trades on an average day. Good Trading to all, Miracletech

Hi Tomorton, Wow, 9 setups! I personally trade exactly 2 setups. A a short term trader, I would find it impossible to keep handle 9 setups. My reason for using only 2 is that I want to know each setup and it's nuances so well that I could trade it in my sleep. To me 9 is just too many to...

First of all the way the market has been the past few months, there are some rational reasons to have a short bias when trading the index futures. A long bias would certainly be more harmful. However one way to deal with the bias would be to make sure that you have very specifically defined...

Dear Alan, My advise to any new trader would be: accept it's going to take a long time to learn. If you can really accept that it's gonna take a couple of years of hard work before you make any money, then you'll stand a chance. A great book to get you started is "Enhancing Trader...

Dear Adamu, Thank you for honestly sharing you story. Maybe there is a silver lining to your story. Maybe some newbie trade will read your story & then not make the same mistakes. Best of luck to you, Miracletech

Just the fact that the blog is called "Day Trading Freedom" makes me suspicious. Then it says "How to make more money, working less time". Hmmm. Sure does make Day Trading sound easy. This reminded me of an article I wrote some months back on this sort of thing. It's called "Day Trading...

I can see from the blog you recommend that Gil Young Jo is with http://http://nextleveltrading.net. Is says they offer a Training Program for $5000, after which you trade the firm's money. Is this on the level? Best regards, Miracletech

I just wrote a followup to my first article on Impulse Trading. It's on my blog here:http://http://blog.tufftrade.com/2009/01/03/beast-part-2.aspx Thank you nine for providing me with some new ideas. Good trading to all, Miracletech

The broker I use is PFG Best.Futures Broker, FOREX, Options, Alternative Investments - PFGBEST.com I've been with them for about a year & never had a problem. They assign you a specific representative to your acct that you can call if you have questions. My rep actually calls me every once in...

dear nine, Thanks much for your comment. Obviously you have done some serious thinking about trading psychology. I particularly like your idea of defeating the conditioned response by taking some action to make it impossible to do. I am considering writing another article on the BEAST &...

Dear GammaJammer & RedGreenBen, Thanks for taking the time to read my article & post comments! Best Regards Miracletech

I wrote an article on Impulse Trading. Maybe it can help some folks. In my totally biased opinion I think it's pretty original. It's on my blog here:TuffTrade- Day Trade Smart: Impulse Trades and the BEAST I would appreciate all comments, both positive & negative. Best Regards, Miracletech

Hi Rikrok, I'm not sure if you have a good system or not, but you're probably ahead of most traders because you have a system at all. I'm not much of a fan of backtesting - to me there's only one good way to test any system - spend a couple of thousand hours dilligenty trading it. If by the...

You don't mention what trading platform you use to enter and exit trades. Some can be a bit confusing & thus entry errors like yours are more likely. If that's you're problem, replace it immediately as there are plenty of good ones out there. Also you should SIM trade for a while with any new...

I wrote a post on my blog on Creating a Trade Plan. It is specifically for Day Traders but I supposed could be moidified to swing traders. Its here: TuffTrade- Day Trade Smart: Day Trading Lesson: Roadmap Step 11 Hope it helps you. I would be interested in your coments Good Trading to all...