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2K to 20K should be possible. Let's look at some basic simulations/parameters. 1. If you can net 3.5 ES points / $17.50 per MES contract/per day and allocate $1500 margin per contract you'll hit your target after 242 trading days. Initially, progress is slow and you'll be trading 1 contract for...

Anyone who believes anything else is very gullible.

That’s generally how quants work. A chart is only a visualization of numbers. Those numbers and derived numbers/metrics can for example be put in a table allowing you to analyze/compare in a way that can’t be done with charts and with no need for charts either.

LOL. Link? I'm confident I'd outtrade you any day of the week.

Just make sure you don't quit your job too soon, i.e., where working one more year or even just 6 months would increase your chances to make it that much more. Quitting your job to go full-time also depends on how easily you can get your old job or a new one back. If it's extremely easy (like...

Nice. So, what do you see on the horizon now?

Merry Christmas to every degenerate gambler in this thread. :)

Speaking from experience? :) Anyone hoping shouldn’t be allowed to call themself a trader. Happy Christmas :)

So, my day job got really crazy at the end of this year and I decided to pull the plug on my own live account wise from earlier negative experiences juggling day trading and a demanding day-to-day work situation. As I wanted to stay in the game and practice I decided to take on a 150K program...

I'm a happy customer with Ninjatrader. I considered leaving a while back, but decided to stay. While I've had some complaints with the software, the brokerage seems very reliable. Never had any issues with live trading there. They've been lacking a better way to track your net performance /...

Filled that one today. Several more to go.

Why? It's the difference between a crash and an orderly bear market, IMO. We did cover a lot of ground last week.

We covered a lot of ground last week, so I was thinking today would be a breather, but I may have been wrong there. So far, not much happening on ES. A bit more action on NQ. I'm wary of the market finding a bid in this zone, so don't have very strong confidence in shorting today. Should be...

Would be odd if we don't take out Friday's LOD now. Question is how much lower we can go. There's an unfilled gap below at ~ 34. Maybe.

Interesting.

These large bars on higher time frames indicate two-sided action. Ultimately, I do think we're headed lower medium-term, but I'm thinking today could be a breather. Of course, there's always the chance we'll see continuation lower as soon as today. Taking a small long entry here at 70. Will...

LOD most likely in, IMO. Looking for a higher low on this leg down within today's range. Flat and watching for now. If we take out the current LOD I would assume we take out last week's low today. Not the easiest action right now as this level is likely to be defended.

You do realize you're arguing against technical traders who normally don't care about the news, right? We're specifically talking about the recent CPI reports and FOMC reports this year.

Did you trade it as well? You can only quantify your actual risk if you know where you can exit. During the recent CPI releases there wasn't any liquidity to exit. It moved instantly a huge amount of points against you. What if Wednesday spiked 100 points against you in a blink and your...

Okay. :)