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PureBytes Links
Trading Reference Links
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If your trading online you must get pingplotter and run it in the
background. This software will tell you how many HOPS you have to the
terminal and when the system goes down you will know exactly where it is.
Very, very important for any internet traders out there.
----- Original Message -----
From: Marlowe Cassetti <marlowec@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 19, 2000 10:07 AM
Subject: [RT] Re: S&P Learning Curve
>
> Sean,
>
> I just started (5 days now) daytrading the ES. I have a friend who has
been
> trading this and the NQ quite successfully, so I'm following his system.
He
> uses Lind Online and I use Jack Carl ETC for trading. I use TradeStation
> 2000i and he uses MetaStock RT. We both use eSignal.
>
> My experience with JC ETC is that they are quite fast on the orders and
> fills. On my second day, my JC internet service froze up. I was able to
> restore it and recover without a big hit. I now keep my cell phone beside
> me with the trade desk speed-dial selected as a backup.
>
> I hesitate to give my results because they represent a small statically
> sample- But I'm averaging about $83 per contract per trade with a 72% win
> ratio.
>
> Again, I too am feeling my way through daytrading and I'm on my own
learning
> curve.
>
> Hope this helps ... Marlowe
>
>
> ----- Original Message -----
> From: Sean Cassidy <scassidy@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, April 18, 2000 10:26 AM
> Subject: S&P Learning Curve
>
>
> Can anyone give me the approximate learning curve for most people trading
> e-mini S&Ps, in terms of dollars? I know this is completely subjective and
> will vary widely from trader to trader but I would just like to know what
> most successful traders went through in terms of drawdown before becoming
> profitable. I am using some system software that is right most of the time
> but have had trouble with slippage and a few bad fills. I am using Jack
Carl
> and they seem very slow. it sometimes takes a minute or more for an order
to
> become live. Is this bad? It sure seems to be. Again just a few
experiences
> of others would let me know if I am on the right track. After about 17
> trades I am down 7 points and a total of just over $600. Is this good,
bad,
> should I be looking for a real job?
>
> Sean
>
>
>
>
>
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