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What is this thread but an attempt at mentoring...? :) Note: I didn't suggest anyone should use any of the "mentors" who prey on retail traders and which obviously don't have anything of value to pass on. In fact, I was assuming that the retail trader don't have access to a mentor. If I...

Succeeding as an independent retail trader without a mentor definitely is an entrepreneurial pursuit with no guarantees at the end of the day (decade). Let's just say that if I knew how much work it would take just to get where I'm right now I might have done something else instead. :)

Pleasure. Feel free to give feedback here on how you find it. I think it was a worthwhile read.

How so may I ask?

Cool. It's the latest one. Unknown Market Wizards. The one I had in mind was a trader called John Netto. I believe there was 1-2 other guys too who would mostly trade around news.

Assuming you did find a profitable method - knowing it and successfully trading it would be different. So, there's definitely something to be said about experience. And the only way to gain experience is by doing. For example, let's say your profitable method tells you to buy a dip or sell a...

Interesting. And insightful. Curious - how do you typically monetize this? I mean - do you have algorithms similar to the automated systems you mentioned or do you do it manually by pre-planning different scenarios? There were a few news traders in Schager's latest books. Kind of interesting...

Ridiculous.

Dip buyers showed up. 4240 into the Close would be grand.

Up/down into the close seems like a coin-toss from here. Regardless, I think dip buyers will show up around 4220 for the overnight drift. But I may very well be wrong... One of these days we should get a good trend day down.

This journal is as dead as the market (ES) right now. :) Only 3 days this year with a range < 15,00 points. Friday being the last one. NQ flirting with ATHs and ES lagging behind. Still a fairly weak pullback and what appears like consolidation to me. Probably a dump to 20 into the Close or a...

Well, to be honest, the game is difficult enough as it is. Unless you're trading MES or have the best edge/discipline/patience your chances are slim at best if you're 'very underfunded'. It might be better for you to save up a bit more money before trading. You can always continue practicing...

Realistically, if you can't afford $225 to lease Ninjatrader you must be way under funded anyhow. And even if you could afford it you'd need to trade through Ninjatrader brokerage or Interactive Brokers (often very high intraday margins). It would be a surprise to me if not all standard...

Why not contact Quantower directly...?

All the major moves up last week was preceeded by a decent down move. Still a bull market, but not a smooth one. Volatile.

Weak pullback. Bottoming out here or around 4220/25 is my guess. Two Outside Days last week. The 3rd one in a short period of time if we trade below 4221,50 today.

4300 this week.

The last time ES / S&P printed a new ATH - a correction of approx. 200 points followed. Sell in May and go away, so some caution might be worthwhile here on the long side. But first - we need that pop above 35! :)

Absolutely true. An interesting thing regarding my friend who sold his apartment and started his investing career in 2010. I recently listened to an interview with a trader who started out as an investor doing the very same thing (selling his apartment and putting it all into the stock market)...

Surely this depends on what you're trading and time frame / trading style? I.e., if you're intraday trading there must have been some changes since the advent of electronic trading. We know this since pit traders are gone now and how even good off-the-floor scalpers lost their edge. As for long...