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I explain that starting with the first post which contains references to previous threads. It's not a simple setup but there are two main things I look for, two cycle setups that I explain in the cycles thread.
I made a measly 2.25 pts today but I quit so I could leave for vacation on a positive note, even if it's only $125.
I've started working on a new trading plan that will have more selective setups, lower risk with a hard stop, and more trading with the "trend". Today's 2.25 pts was my first test. I actually got 3+ on simulator during the globex session too. My goal is to trade 100 contracts and this is the first step. If all goes well I'll be trading this new plan in September.
See you all then. In the mean time I'll be reading my poker books at the beach dealing myself hands and counting my outs.
Awesome! I feel like I've really helped a lot of people and I hope to continue. Thanks to everyone for the feedback and participation. And good luck everyone.
Why 100? Good question. If one can trade 1 consistently then one can trade 100. So why not 100? It's a long term goal so I'll be passing by 10,20,30,50 on the way.
I'm learning texas hold'em too. This is the best site for limit hold'em. This strategy is enough to win consistently at the microstakes ($0.02) games:
the book I recommend is Ed Miller's small stakes no limit hold'em. No limit is more popular and profitable.
I think learning poker is great. There are a lot of similarities between poker and trading. Learning poker is definitely influencing me and part of my desire to rewrite my trading plan. And it's great way to relax after trading thousands of dollars I sit down and play poker for pennies.