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It's hilarious and sad that this thread has become a discussion of JH's followers. I understand why people might follow up his every post -- there are a lot of newbies and lurkers on this site. One of them may be confused and actually think that JH has something to offer. The ET posters who...

So why don't people subtract from their trading accounts in order to skew the profits then and impress everyone on ET? If you have a $10k account and trade one contract and make $200 per day (entirely possible), that's $1k a week or approx $50k per year. ZOMG 500% returns!!! But if...

If your position exits for a profit before hitting max drawdown, how much of the profit is eaten away by having bought the OTM options?

So if I keep $1M in my trading account (because I'm lazy and don't want to transfer it to my bank account), and you keep $10k in your trading account because you transfer your winnings out each month, and we both take exactly the same trades using exactly the same position sizing, you're saying...

Why isn't he banned yet? He doesn't contribute anything, including useful advice or profitable trading systems. His huge rambling posts waste bandwidth. I propose everyone puts him on ignore list.

I'm saying they ARE the same performance. It's late and I used too many negatives I think. Two people trading one contract and having the same net gain are having the same performance, regardless of account size.

Those are eating noises.

Because you have good risk management and don't trade 50 ES contracts even if your broker allows you to.

Sigh. I'm not sure how you don't understand that two people each trading 1 contract identically and both making the same dollar amount per week are not experiencing the same exact performance regardless of account size. I don't know how to make it any simpler than that.

Perhaps you misread what I wrote. We are talking about returns in an account, not of an individual stock. You are correct, a $10 stock gaining $1 and a $100 stock gaining $1, those are obviously different percentages. But, assuming they trade the same, a guy with a $10k account and a...

Sure, it's possible. You can make $300-400 a day trading one futures contract in an account with $10 or $20k. I mean actual trading, not SCT fake trading 3x-daily-range-profit jack hershey "trading". I don't understand how people can screw up the math so badly. The problem is coming up...

I just read this thread and now I want my 5 minutes back.

I am coming to that same conclusion. Get out of here with your logic.:p

Hedging one side again the other at the same time can be insanely profitable BUT (and its a very, very big "but" (lol, insert J Lo joke here)), you have to be able to predict range. As long as price stays within a range that you can afford the drawdown, you will keep making money long and short...

Hey :) Please note that I said "-5 point gain," not "5 point gain." Negative five point gain. A five point loss. :D I know. That's why I said one of the sides (long or short) has to involve averaging down in order to eventually be profitable. So you didn't sound like a jerk...

Elaborate. So you're saying you go long the ES at 1,000. Price falls to 995 (say that's your stop) and now you short one in another account. So for now you've just locked in your -5 point gain regardless of where price goes. However, I've played around with this enough to not be one of...

jack hershey, what are you talking about? You go on and on about nothing.

does black or grey represent an "up day"?

No one knows? Option guys, I don't know anything about options: can you tell me why this system is flawed and isn't the awesome holy grail they make it out to be?

Whenever I hear "directionless trading" I think either grid systems (ugh) or nested martingales (double ugh). http://paintbarfactory.com/PBF-Tent-Trading.php I tried reading it but the sales pitch got to be too much. edit - oh wait, looks like option spreads or something >.<