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What the hell is a HOPS?
----- Original Message -----
From: Terry S. Smith <tesla@xxxxxxx>
To: <marlowec@xxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 19, 2000 2:44 PM
Subject: Re: [RT] Re: S&P Learning Curve
> 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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