... and so I am not alone! Because I was leveraged with
SDS, the profits at the end of yesterday were too tempting to let
lie and get gobbled up overnight. That is twice that has
happened to me and like you.... back to discipline!
I live in BC and use Ninja and IB. And I have run EOD
strategies and swing strategies with little or no problem.
There is a learing curve writing your own strategies, but basic
programming skills will overcome. And the Ninja support forum
is second to none.
You need a minimum balance of $25,000 US to be a day trader on
IB.
If you insist on using TS, you can interface TS through Ninja
via standard API to your broker. You have to buy Ninja
and lease TS monthly.
Ninja is making a major upgrade after the new year that
promises to be very robust. Check out the NT support forum
for detail (NT 7).
I did a little back test from May through today putting SL at
different levels. The max profit was realized with NO stop
loss. With 2% SL there were 13% of the trades that stopped
out and profit was only 80% of the max; at 3% SL 8% stopped out and
profit was 87% of max.
looks like a SL will make you feel good, but it will far from
optimizing the end result. We will hope that today was an
aberation.
J
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... and so I am
Just ranting at myself
Posted by jmoynan on 22nd of Sep 2011 at 11:52 am
... and so I am not alone! Because I was leveraged with SDS, the profits at the end of yesterday were too tempting to let lie and get gobbled up overnight. That is twice that has happened to me and like you.... back to discipline!
You just saved me mucho
Trade entry for SPY swing system
Posted by jmoynan on 4th of Jun 2011 at 01:23 pm
You just saved me mucho end-of-day anxiety because I am rarely around my computer at market close. Thanx.
I live in BC and
Mechanical Trading Systems
Posted by jmoynan on 5th of Nov 2009 at 02:25 pm
I live in BC and use Ninja and IB. And I have run EOD strategies and swing strategies with little or no problem. There is a learing curve writing your own strategies, but basic programming skills will overcome. And the Ninja support forum is second to none.
You need a minimum balance of $25,000 US to be a day trader on IB.
If you insist on using TS, you can interface TS through Ninja via standard API to your broker. You have to buy Ninja and lease TS monthly.
Ninja is making a major upgrade after the new year that promises to be very robust. Check out the NT support forum for detail (NT 7).
I did a little back
SRS Swing Systems...HORRIFIC TODAY!
Posted by jmoynan on 2nd of Nov 2009 at 06:49 pm
I did a little back test from May through today putting SL at different levels. The max profit was realized with NO stop loss. With 2% SL there were 13% of the trades that stopped out and profit was only 80% of the max; at 3% SL 8% stopped out and profit was 87% of max.
looks like a SL will make you feel good, but it will far from optimizing the end result. We will hope that today was an aberation.
J