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I looked at that 2nd link & noticed a quote from him that supports what Surf was saying. "I never use any account for more than 30 to 50k profit. The reason being once you turn to be profitable most brokers [MM]will start doing things to your order execution and slippage and many things...

Had to make use of my google skills: "Earn a crust" is British, Australian and New Zealand slang for to earn a living. Found op http://www.probertencyclopaedia.com/browse/ZE.HTM

If you insist............ 1. How do you map out the day ahead as you mentioned? 2. What makes a setup a "strong" setup? Averaging 40 pips a day doesn't sound too overwhelming until you take losing trades into account. If you start off the day with a couple bad trades & end up -30...

Thanks for answering. :)

Before the trade I plan on either taking a scalp or holding for a bigger profit depending on how things unfold. On this trade I thought it was tricky because the big-picture trend is down, but the 1-min chart we are looking at has a double-bottom in play which has not been invalidated yet...

What would you do in this situation? It's always tough to figure out if you should exit or hold once you are in the green. What is the best way to make this type of decision?

On the rookie's big profit day it seems he broke a very important rule, holding overnight & taking a huge risk, as you told him in the chat log you provided. That particular trade sounds more like a lucky gamble & an emotional screwup. Sometimes you get rewarded for doing the wrong thing...

What should a person be doing if they wish to "study this profession properly"? I think the majority of people who really try to crack this trading game put forth a great effort, but obviously, if you look at the success rate, they are not going about it the correct way. People learn...

Interesting, thanks. What do you mean, "...without fail, everyone of them was not doing what they thought they were doing, visual constructs were incorrect". Can you go into more detail on that point?

Sorry, I wasn't saying your rookie would fail. I just meant in general the typical rookie with the typical teacher would fail. You may be an exceptional teacher & he may be an exceptional student, so I wish you both the best. But I don't see how you can't view this as both a psychological...

How can a rookie be killing it after a short period of training? Even if you give a rookie the very best of the best signals to trade, even those that nobody else has ever noticed, even with the best risk/reward anyone has ever seen, the rookie will still lose. It seems this is more a...

Why do you want to know?

Anyone have any methods they use to get their brains warmed up in the morning before trading? I always struggle with a bit of brain fog when the day begins. I tend to be a little irritable & make stupid decisions (which I don't realize are stupid at the time), and then as the day...

What level is your trading at right now.......................consistently profitable, breakeven, or negative?

What was the most obvious clue on that chart that told you it was real?

I see a lot of the price action corresponds to various diagonal lines serving as support & resistance. Is that some of what you mean by mathematical relationships?

Maybe there is no such thing as "obvious" when it comes to trading; otherwise the whole game would cease to exist. If it was obvious that price was going up then nobody would sell & therefore nobody would be able to buy. Game over. Trading, like many things has to do with what is going to...

I've noticed that. Volume gives some good clues when daytrading CL. Seems to be a little more reliable on 5-min bars than 1-min bars.

Thank you !

Do you know of any publications which talk about the different operations that go on in the futures markets? I know very little about hedging & have no idea what "laying off deltas" means, or what a "swaps market maker" is. I think it might be helpful to know a little background on how the...