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I use something called Livesquawk. I just use the free version which is print headlines. It's pretty up to date. I did a free trial of the paid audio version, but I wasn't impressed. Every couple of minutes you would hear a few brief seconds of some garbled announcement.
Failure is not an option
Can you help answer these questions from other members on NexusFi?
It's nice to hear both views from two successful traders. How else would you differ crude oil from the indexes? Some argue that crude offers cleaner moves, while the indexes chop more on an intraday basis. I can understand how this "chop" would just be called an intraday rotational market that offers many swings.
Please don't pollute a very good quality thread with links selling trading system / strategies to only "first 250 people, because any more than that would dilute the effectiveness of the strategy". That line in of itself from the FAQ tells you how bogus it is. Even if a million people knew the same trading strategy and used that, it's not going to dilute your results (which from my understanding of such sites, is in the negatives).
Please don't promote vendors and in fact you should start on page 1 of this thread, Lance has done some exceptional journaling so that newcomers can get a sense of what it takes and the journey. It's not about some system where you pay a monthly subscription and get signals and trade those blind signals.
I don't want to speak for Lance, but I believe he put his journal out in the non-elite section so even non-elite members can learn from his learnings. Not for other members to come and post non-quality posts.
Don't worry, he'll be banned and all his posts will be deleted as soon as @sam028 or @Big Mike take a look. They're good at it. These types of posts are made and deleted almost every day.
To do something about it, you could click on the little triangle in the upper right corner of every post and report it as vendor spam. Not really necessary, but it might speed things along.
Thanks bob, already have reported it, but you know how it is, can't get enough of people like this in this business. I may have gone off maybe a bit lol but polluting a good thread like this with garbage like this, ugh one of my pet peeves.
I think Big Mike should do a stat on how much garbage he and Sam has deleted and add it to the stats email he sent out today.. might be in line with attachments downloaded
Nice to see another CL trader adapt and gravitate towards NQ.
I'm going to sound like an echo, but I think you're covering a super important topic I think most traders don't work on enough.
Learning to hold for bigger winners does some pretty powerful things for your stats. And if you're trading the right contract at the right time, you can really do some good stuff.
So for any other traders reading this journal and you haven't watched this video....watch!
Thanks for putting it together @lancelottrader, looking forward to more!
Thank you for your comments. I consider myself a good scalper. A lot of that comes from screen time and watching price move on similar chart setups for many, many years. However, the math just never really added up for me, especially on an instrument like NQ. IF you keep your stops tight, you will lose so much that it becomes a zero sum game. The only solution I saw to taking things to another level ,is to manage trades to have some bigger winners.
It's hard when you are used to taking profit at 20 ticks on NQ..but so many moves can easily go 40-80 ticks or more.
Also, small stops on Nq..anything less than 20 ticks will kill you. I am finding 30 tick stops to be better, which works out to about $150 per contract.
Thanks again for watching the video and your comments.