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He typically went by his full name or mbruns. Don't think he spent time in ET.

There is material on him on tradingnaked.com and others, you can google. He was a main stay at the old efuturevision site. One of the finest traders I have known and very generous with his ideas.

Some of the old timers in ET may know or know of Mike. He has been a friend and a friend of the trading community for years. He passed away several days ago due to a brain tumor. Mike was a prince of a man and a hell of a trader.

I'd get vertigo:p if I were to watch a position go up and down that much.

8 point day session range...ugh

Tao Te Ching

Begin with the understanding that losses are inevitable.

I've seen him stick to his stops and targets with regularity...his methodology?...no clue. I am often in positionally different directions but that is normal among traders given different time frames, objectives, personal characteristics etc.

His style of trading is not for me but I admire that he sticks to his trade plan.

Overshooting the last leg back into the gap is not bullish...but I just take my signals, long or short

:D

cliff dive

Paradigm Shift by Yvan Byeajee is a good read.

...other than it is the value of the contract. Probably means more to the broker.

Yes, comfort level and trade style. My gains are modest but losses even more so. A major draw down for me is 5 losses in a row at about 6 1/2 ticks per....no big deal.

The notional value is a side issue, the real issue is the margin. I'v been trading the ES for years and my comfort level is around 5k per contract. Could I achieve the same income from using 2-3k?, sure but that would compromise my comfort level and it's not worth it. 4 or 5 hundred...

not referring to options. With 400 and a breakeven trade you are out of trust to trade another. With 800 trading two contracts, one loss and you have the ability to trade only one...in short no room to succeed. Is it possible? Sure but highly unlikely.

It has to be explained to you ?

Worth 50x contract price so to trade one contract without leverage would take a little over 100k

ES as an example