Day Trading Grains Futures

[Lawrence]

Re: the book – have not secured one yet.

The old edition is okay but not really that “spectacular” as the discretionary techniques mentioned in there do not really have a strong edge.

[Lawrence]

Re: your situation

From my experience if you cannot allocate a fixed time and specific weekdays to trade, your day trading results will not be consistent. It was one of the options I was thinking of. I dug into my own records and found that it would be a disaster for me to do that.

I resolved the problem by taking on mechanical swing trades with bigger stops and smaller size. You may not feel comfortable doing that and it is not a good idea to experiment with new trading style when you are emotional at times.

If you can afford it, walk away from trading for a few months and plan your swing strategy whenever you have the time to review your charts. It works better this way because you will have a fresh look at the market from a different angle. Write down your ideas, test them by hand if you must to see how you would handle them in reality.

[Lawrence]

@geosing said:

Just saw that used copies of the out of print book is being offered at 350/400 dollars!!! How do they price these things? I had Toby Crabel’s book which I threw away, only to find 4 figure prices in Amazon Marketplace. Yet some titles are available for one cent! Crazy market place. Need STOPD for the used book market. 🙂

I learned about antique books when I was studying at the university. There was this antique bookstore right next to the campus. Everything was $200 and up. After I get to know the owner, I learned that he buy these books for cheap from many sources and make a killing from time to time. Since then I collected the hardcover limited edition trading books whenever I get the chance. I even have signed copies for some of them.

More common (but still limited supply) first edition books do follow STOPD.

XD

[geosing]

Thanks for the suggestion to walk away. May be forced to do that whether I like it or not, as my attempts so far have met with poor overall performance, as you confirm. My focus needs to be on other things than trading anyway. The only winning trades I could get were 10′ mechanical b/o, which I always take, if I am around during the Open. Had one today – however my profit target was modest, market blasted higher. I think I will try a trailing stop for 1/3rd. May be this is a candidate for auto-trading, if I can find my programmer’s hat from the dustbin. (used to be my profession). Miss the live chat, although I stay logged in to review when I can. Cannot scroll back to the beginning if not logged in.

Thanks for everything. – GS

[Author]

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