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Not really. You can use TA to describe or take the temperature of the market so to speak, i.e., a bull market above the 200 MA or a bear market below the 200 MA. This is entirely descriptive using past prices. Nothing controversial about that. The question and where controversy begins is if...

The tests are most certainly not impossible assuming you trade with low leverage. My criticism and skepticism of these firms are mostly concerning how they're not really interested in funding you and if they do fund you what you're really getting is $3.5K of risk capital at best and further...

I tried to be polite, but I'll take off the gloves, then. You're a paid sponsor, meaning you pay Baron to advertise on this board in order to collect affiliate fees by people signing up for these programs through your links or web page. If you were pulling any serious coin out of the markets...

On my phone ATM, so short answers. If the trailing drawdown is 3K and you made 3K of profits, you’re safe as long as you stay above 50K. You can’t drop below 50K and it won’t trail any higher. Still a daily loss limit, though.

Okay. So you’re specifically talking about these programs. Wasn’t sure. If yes, I agree. Low leverage is the way to go.

A 3K drawdown on a 50K account doesn’t seem like much to me as a day trader of futures - unless you utilize very low leverage.

To be fair - E2T’s drawdown stops trailing after your profits exceed the initial trailing drawdown. With some other firms that is not the case and obviously for a reason.

I’ve had worse on a far smaller account, so please reward me with the title as the worst day trader on record.

Can you? Many discount brokers offer intraday margins of $500. Doesn't mean it's a good idea to utilize that full margin. Same with E2T. Just because you can trade 15 contracts doesn't mean it's a good idea. You'll quickly blow your account. Why?

Adding to a winner...?

Way too many. Could you link to just one? Sadly, it seems like most professional traders are busy trading, not teaching. But I may be wrong. Thanks.

Nice catch. How many contracts are you trading?

If you're really convinced that OneUp is a good deal it shouldn't be a problem to find a way to set up multiple accounts. Note that with OneUp you're still trading in the simulator initially and maybe forever for all I know. Note also that you first have to trade up a cushion of $5K BEFORE you...

As far as I know - only E2T and TST have you trading a real account. If that concerns you I'll leave for you to decide. Note also that with LeeLoo / Apex - you'll have to wait 6 months to withdraw $5K assuming you make that within the first month. Many people jump into these programs not fully...

Would you be willing to disclose how much you've withdrawn from one single company? I do not doubt they will pay out most customers, but would they still be around if they owed you $300K? The comparison with bucket shops is very accurate. They made money because most of the customers were...

The problem is that there's an abundance of (poor) information. It's very hard for someone who's new and inexperienced to know where to look. And for sure - that relates to mentors, too. I'd say most who offer that up and at least the ones who take $$$ to do it will not lead you to the...

Well, I don't think most people in the know would consider algo trading to be simple. Far from it. I've outsourced quite a few programming tasks to external consultants and I'm well aware of how painful this process can be. Particularly when you have to use a 3rd party and can't do it...

And those 10 cents are much appreciated. I'll have to reply to you later as I'm quite busy tonight, but I will later.

Of course! :)

Hello, SimpleMeLike, This post raises a few more questions... 1. How can algorithmic trading be a waste of time if you're making 105% per year? And how is it more stressful? 2. What discretionary trading style have you adopted that's making you such good returns? Last I remember you were into...