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Thanks for your comment. However I really am doubtful whether you can make a decent income in this business. In the business I had before I was turning over up to $70,000 a week. Then I decided to go into trading. Fed up of the staff problems! Potentially the most expensive mistake I have...

Define that in this game. One successful reversal looks like an unsuccessful one. And I am not a newbie. I have been doing this since 1998. Time to move on. I am only thankful I was playing with 1-2 contracts at the emini. when I could have done 50-100. At least none of the other gamblers has...

You sound like you are a fan of Prechter's Ewave vision for the future. Deflation maybe on the cards, but I think the real mystery that will be puzzled over in 100 years or so is this: Why did so many people rush to invest in sand in the early 21st century? Of course I am referring to the...

I specifically traded only the pm because I have traditionally found it easier. It should have been a reasonably volatile day today re retail numbers. Reversed aggressively 13 times looking for that decent trend to at least a pivot point/ major s&r target. Got nothing but chop - and paid for...

sorry - if globex goes down - apart from full sp nd, you could try cbot as last resort. DJ/mini or DJ options. Or perhaps, if you are following closely, 10 year bond futures - normally inverse relationship when moves are big/fast in stocks (flight to quality). But you would have to work out the...

You should just have a 2nd futures broker and replicate the opposite position. Remember when it goes down you need to do this fast - no use fannying around with options or different stocks. Also if you have not got enough margin for this then you are overtrading size eg: if you have enough...

I just emailed ernie at help desk today with exactly this problem. I got reply: "I'm going to bring this issue to the development department and see what they add to clarify where the problem is with this.....I'll drop you a note when I hear back from them." I will post this board when...

We have kinda covered this in the thread re emini s&p. http://www.elitetrader.com/vb/showthread.php?threadid=3927 Consensus seems to be 20% is top end exceptional.

Actually I found Dave's posts very motivating. If it wasn't for him I would not have bothered with umpteen fast scalps to make back my horrendous morning loss!

Well I took my money back off you Dave, but it was b*****d hard work - I scalped it, and ended up with a fat zero for the day!

Yeah I know this one. Make a tick, stop loss 4 ticks. Scalping 100 times a day+. Need automatic entry/exit (too fast for humans). I have tried this, and apart from the high commission costs, the market is simply not liquid enough (believe it or not) to get in and out and take advantage of the...

Bloody useless I am! :D

"But knowing my luck I will just give them all back to Dave!!!" And I just have. What a zero sum game!

Alternatively it leads to excessive drawdowns in sideways markets that your broker will thank you very much for!

Don, I might be interested in this, but from what I understand the regulations required to become a pro trader even on US markets based in the UK is extremely onerous. And of course, it is very hard to get to work (as a daytrader!) in the US for a UK citizen. So catch 22 for me! I did...

"I want to clean my patch. Right." Just a quote from a UK surreal TV comedy "Triggerhappy TV". Like your "Jackass TV" only better!!!:p :p :p

Just get a back up broker if you use IB. Then you have best of both worlds.

Good luck to those who pull 20pts+++ a day and all the others. I managed to take 10 (excrutiatingly slow) points off the NQ yesterday. And I will be extremely happy if I can just add to that gain today. But knowing my luck I will just give them all back to Dave!!!

"Trying to bolster its sagging electric futures market, the New York Mercantile Exchange is planning to switch the venue for trading from open outcry in the pit to ACCESS, its electronic trading system." Enron to one side for now, but the gripe I had position trading all the NY futures...

As far as I know pro firms in the sense that firms like Bright etc do not exist in London. We do have day trading firms, but because UK stocks have 0.5% stamp duty, they trade USA stocks. So they trade between 2.30pm and 9.15pm, and provide "lunch" at 5pm!!! Really there is no cost/leverage...