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You need to shop around and find a broker that willl let you buy 1 share of SPY. Don't go near the ES future...if you can't handle 100 shares of SPY ($20k), how are you going to manage $100k of ES?

good luck to you.

impressive for someone who cant read

thanks..i shorted it at 1.2360 and exited at 1.2310 :D

4) there is no provision for adding to your positions - why would you not want to do this? 5) Or if I get a fat tail move in my favor(should I get so lucky) I will look for capitulation in the PA and then punt. What do you mean by 'punt' in this context?

A few questions if I may: 1) $26k is the total amount you are managing, correct? 2) $25 is what you will risk on each trade? If so, that's less than 0.1% of $26k, not 0.001% (that's what you wrote) 3) Your stop is gonna be 0.5% from entry on all positions? are you assuming all shares have the...

http://en.wikipedia.org/wiki/Balance_sheet might behoove you worriers to think about the entire balance sheet of the US rather than just 1 part of it. hint: the ability to tax and print the world reserve currency is an asset.

Son, you need to go back to school and learn how to read. I said non compound 20% a month.

He is real. My underpants have his name written on them...hold on, let me check that....

Does running big profits on a few trades necessarily cover the small losses of numerous trades?

Very well, if we are talking v short term, then i would look to Marty Schwartz's audited record over decades of averaging 20% a MONTH (non compound). He made tens of millions. AFAIK, he was not screwing companies over or doing private equity or doing leveraged buyouts. He was day trading the SP...

I've been "trading" for near 20 years. My definition of trading is the act of buying or selling financial instruments with the intention of making profit, regardless of time frame. From my definition, I believe that Buffet, Soros, Druckenmiller and others have made trading returns in excess of...

I'm afraid they did, son. Average 30%+ pa for decades. Fully audited and documented, no need to switch the tv on. Just use this new fangled thing called google.

2 per cent a month compound equates to 26.8% for the year. George Soros, Warren Buffett and others have averaged 30%+ for 30+ years. Marty Schwartz has an audited track record of 20% a month (non compound). I guess you are wrong, sorry.

By thinking about what could happen and making sure that your position is of a size that any loss from that event is not going to destroy your account.

90% lose rate this month....fortunately money management has kicked in...only down 70 basis points overall.

:( RIP Bighog

yep....and see my post above yours! http://www.elitetrader.com/et/index.php?threads/es-journal-2014.280883/page-633#post-4015689

Amazed at why you guys haven't figured out pinkman yet! He probably did trade at those prices that he posted. The question is how MUCH did he do relative to his equity or wealth. Probably miniscule amounts. He's based in the UK, probably doing $1 per point with a bucket shop (spreadbet). Not too...

how much did you lose in october?