I can't watch the market through the close today so I closed the trade break even.

Stagnation. The POC from the last 30 days matches the POC from the last 5 days... to the tick!

I've been long for real since Oct. 16. I've more than made up for recent loses.

This trade is from one of my systematic systems. It will hold until either the market strength is extremely strong, in which case it will go flat... or, more likely, will reverse to be short when the long is no longer valid. It's in the market more than it's out.

I've turned my attention back to programming trading systems. I'm also taking some discretionary swing trades and doing alright with them.

I blew up my DayTrade2 sim account.
Doin' alright with the Swing2 sim account.

4th column is account balance. Started with 10k.

timendaGain 

Sorry but I don't have it there right now.

Please, can you make it for NI7 or TOS? Please, it really look like some promising results for the ES. In my view, it makes sense that if the vix goes down, ES goes up because there is less perceived risk.

marketvoyager 

Please, can you make it for NI7 or TOS? Please, it really look like some promising results for the ES. In my view, it makes sense that if the vix goes down, ES goes up because there is less perceived risk.

Stop trying to "solve" the market by testing out indicator combinations. Waste of time for everyone.

Mike

Big Mike 

Stop trying to "solve" the market by testing out indicator combinations. Waste of time for everyone. Mike

He was testing on his own and I a interested in learning if it works or if it doesn't and why.

I stopped trading stocks years ago in favor of the ES. It was a good decision. One of the reasons I stopped was because of a lack of reliability in stock price prediction. The most troubling losses stemmed from poor executive management at the companies I was buying and sometimes outright fraud.

For some reason, after years of absence from stock trading, last night decided to dust off my old stock portfolio trading systems and try again with a small allocation.

Today my first long position was filled for Straight Path Communications ( STRP ). Just last week it was trading near $50 and I picked it up for a bargain at around $23 – 50% off the high!

Within minutes of my re-entry into the wonderful world of stock trading my 1st position plummeted. I lost almost 50% within a few hours. The position is 1/10 of the portfolio, so in portfolio terms it’s only 5%. That loss can be made up for but I just can’t stand the feeling that comes with getting burned like this.

The company is being accused of fraud:

Straight Path sinks 41.4% on new report alleging fraud - Straight Path Communications Inc. (NYSEMKT:STRP) | Seeking Alpha

If you trade stock it’s only a matter of time that something like this will happen to you. There are all kinds of ways to lose money in markets, but this is the worst and is good reason to stay away from stock.

timendaGain 

I stopped trading stocks years ago in favor of the ES. It was a good decision. One of the reasons I stopped was because of a lack of reliability in stock price prediction. The most troubling losses stemmed from poor executive management at the companies I was buying and sometimes outright fraud. For some reason, after years of absence from stock trading, last night decided to dust off my old stock portfolio trading systems and try again with a small allocation. Today my first long position was filled for Straight Path Communications ( STRP ). Just last week it was trading near $50 and I picked it up for a bargain at around $23 – 50% off the high! Within minutes of my re-entry into the wonderful world of stock trading my 1st position plummeted. I lost almost 50% within a few hours. The position is 1/10 of the portfolio, so in portfolio terms it’s only 5%. That loss can be made up for but I just can’t stand the feeling that comes with getting burned like this. The company is being accused of fraud: Straight Path sinks 41.4% on new report alleging fraud - Straight Path Communications Inc. (NYSEMKT:STRP) | Seeking Alpha If you trade stock it’s only a matter of time that something like this will happen to you. There are all kinds of ways to lose money in markets, but this is the worst and is good reason to stay away from stock.

Same thing happened to me a few times. It helped me learn the lesson of portfolio diversification.

I still believe that when it comes to new traders, they should be trading equity ETF's like SPY, and swing trading them -- not day trading them -- and not trading futures with their increased leverage.

With SPY, what you described won't happen. This is true of most ETF's.

Mike

Now short from 2070. My autotrade system closed the long from 10/16 for a 52 point gain.