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CBOT 100% electronic Gold & Silver Futures growth continues, with new volume and open interest records in 2005. CBOT provides free streaming quotes for CBOT mini-sized and full-sized Gold & Silver. Following a successful roll, August (Q) is now the front month.

Title: Developing Trading Systems for the E-Mini
When: 6/30/2005 03:30 PM CST
Hosted By: Marco Bertuglia and Markus Heitkoetter

Description: Developing Trading Systems for the E-Mini Learn in a systematic step-by-step approach how to: Define Entry Rules, Define Exit Rules, Evaluate Your System, Improve the System without curve-fitting it, and Automate Your System. Host Marco Bertuglia and Markus Heitkoetter

I missed that. The title and the description look very inviting. Did you listen to it proedge_joe? If so, what did you think of it? Can you give us a brief summary of what was said?

Sorry about the delay Guy,
There is a Free E-book I can send anyone who is interested. Just post to the forum.

an outline:
Solution #1: Having a trading plan

Having a trading system means having a pre-defined set of rules you have developed to guide your trading. Therefore you HAVE a trading plan, eliminating the No.1 cause for failure.

Solution #2: Following the trading plan

The easiest way to follow a trading plan is to automate it. Almost every trading system can be automated, and you could let the computer trade for you. You won't have to worry about your discipline any longer, as the computer mechanically trades every setup for you.

Solution #3: Controlling emotions

Trading with a system removes emotions from trading. If you don't have a strategy and you try to make decisions when the market is moving, you are liable to become emotionally attached to positions. You may experience panic and indecision when the market does not move in your favor, as you do not have a prepared response. That's when most traders lose their money. If you follow a system you will know what to do no matter what the market does.

Solution #4: Controlling your losses

You probably have heard the saying “Let your profits run”. Unfortunately most traders let their losses run. A trading system will get you out of a position when the predefined stop is hit. Unless you override the system to “give the trade a little bit more room” it will stop the loss and therefore limit your losses.

Solution #5: Commitment

You won't believe how many traders show a lack of commitment and therefore lose money. Lack of commitment means that they stop trading after the first loss, and don't give their system a chance to make back the money they lost. Trading is not a one-way street, and losses are part of our business. If you can't accept the fact that there will be losses, you shouldn't trade. Fortunately a trading system can help you to overcome this problem; an automated trading system continues trading according to the rules, and therefore adds much more consistency to your trading.

Title: Developing Trading Systems for the E-Mini
When: 8/18/2005 03:30 PM CST
Hosted By: Marco Bertuglia and Markus Heitkoetter
Description: Developing Trading Systems for the E-Mini Learn in a systematic step-by-step approach how to: Define Entry Rules, Define Exit Rules, Evaluate Your System, Improve the System without curve-fitting it, and Automate Your System. Hosts Marco Bertuglia and Markus Heitkoetter