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That's not correct. Most futures contracts, including Crude Oil, can be charted using continuous, consolidated data. Similarly, you can correct for stock share splits when charting individual equity names on a continuous basis.

And what Speedo says here is about as close to the proverbial "Holy Grail" as you'll ever see. I think it's important to have modest, achievable expectations starting out - it gives you no wriggle room to BS your way out of your mistakes. And if you set a modest goal of $200 every day but...

If you're a great Uber driver, can you lever that ?

It sounds like you're taking frequent trades (my guess) so I'll share with you how I personally managed my trading in a prop futures setting. I hope its helpful and feel free to follow up if I miss the mark. 1. The first bump is the hardest - 1 to 2 lots. For me, I waited until I was several...

Your point is just spot on when it comes to a noob trying out swing trading. I've noticed a razors thin edge between engagement and dissassociation - and it comes down to participation. I struggle with it quite frankly.

I can picture that. Even if it's just a very modest number of shares in an ETF or equity name. Whatever it takes to get that element of accountability and personal engagement. I think your idea of "as small as possible" is critical - capital losses during learning shouldn't be traumatic. I...

You are bold and refreshing. My sense is that you go through tires very quickly on your car, and that on occasion you have been slapped in a crowded bar. Props!

I encourage my clients to paper trade and meet with me one-on-one to discuss the details about each trade entry as well as position management. In fact, I use go-to-meeting to dissect paper trades and performance metrics with clients. I guess in that sense there's some accountability to it and...

I get that completely. Personally, I started scalping T-Bond futures at the CBOT as an independent clearing TransMarket Group in the early 90's with $10K. Naturally, I was flat at the end of the trading session. As has been said, everybody is truly different. For the first 6 months, I just...

I'll throw something out first. From 1998 until 2002 I traded prop futures at DE Trading/ITG in Glenview, IL. That shop was limited to DTB/Eurex - that's all that we were enabled for. Furthermore, house rules stipulated that we were to be flat at the end of the day. Since my previous...

My intent was to start a discussion about grinding out tics and becoming consistent. Scalping, swing trading, Spread trading - let's discuss it all.

My apologies if I touched a nerve - good luck with things. No offense meant.

My apologies if I touched a nerve. Good luck with things.

In the end, every successful trader approaches the market different than another trader. It's the byproduct of human nature. Be proactive, persistent, and relentless. Find some way - ANY WAY, to grind tics out of the market. Think small. Just a couple tics a day. Your biggest goal is...

Just a measure of rational motivation about what to accomplish- if you can make $200 per day on average over an extended period of time - you are golden. Lever VERY slowly. Your sizing bumps should be modest enough NOT to cause you to unconsciously create feelings of doubt. Naturally, the most...

Listen, if you can make $200 per day on average over an extended period of time - you are golden. Lever VERY slowly. Your sizing bumps should be modest enough NOT to cause you to unconsciously create feelings of doubt. Naturally, the most angst is caused from going from a one lot to a two lot...

George Soros, Russel Clark, et al welcome you to the fold. (Google investors who lost their asses shorting the market Nov through Dec 2016) As a side note - not exactly a glowing endorsement for the business atmosphere created by the Obama administration. Insane fresh equity investment...

Amaranth is a great example of how NOT to manage a "star" hedge fund trader. Brian Hunter gives quants a very bad name. IMO, he's not a quant - he's a spoiled juvenile Great White Shark who didn't foresee a fucking mature bull Orca Killer Whale killing him just to eat his tongue. In front of...

Being a spread trader with some electronic execution experience, my hunch is that your strategy is hopelessly outgunned by faster bots with much deeper ECN pockets than mere mortals. It is just a reality in today's markets that having a trading strategy absolutely reliant upon certain...

I've had 26 clients who are CTA's - they would fanatically agree. Even the introducing agents who bring them clients take a very steep multi-year cut of the management and performance fee. It's a very tough business. And if you want to hire a good trader for staff at fair market value, you as...