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Nice to see an actual statement. Considering the amounts you mentioned in the first post that he had 250K to trade with and 25k to put aside from bills, which would account for why the statement says 280K. I would say that you have proven your point that your freind is real or maybe in the end...

Careful there le140 the spreadsheet is based on a starting reward/risk ratio of 2.5/1 and utilizing 5 ES contracts per trading opportunity. It is not based on a 3:1 reward ratio. It is based on looking for 3.75 ES points on the gain and taking 1.5 ES points on the loss. Not 6 for the gain and...

Exactly very true Walther. Scalpers dont worry as much about making 3:1 on their money. They were about frequency which will offset the mitigating results of a lower reward risk ratio such as what a scalper might be used to such as 1.4/1 or something like that. Higher reward/risk ratios...

I created a simple excel spreadsheet that will show all the different net profit results from this type of money mgmt strategy outlined above. The spreadsheet shows 4 different winning %'s from the spreadsheet you can see that even with as low as a 20%/80%, win/loss ratio you would at worst be...

Speakingout already said so like 5 times in this thread why can't you accept it and stop focusing on it. What he said is legit. He didnt want the guy's first post to be starting a thread like this in order to keep the focus on the subject not that he was a newbie to ET. Instead what you get...

Excellent inference to my post KC11415. I do look back and think of where I might be today had I been much more aggressive. Then I think that maybe I would have had drawdowns due to that would have had me wasting time having to win back the same real estate twice so to speak and left me and...

Actually I believe this thread to be a very good one. Hopefully this thread will be of good use to those who are starting out trading while at work full time. There has been some digression with unrelated offhanded comments from those on ET that have nothing constructive to add (what else is...

Im in a good mood tonight Wareco. I am going to agree with you 100% its total unrealistic. There is no way your are going to make 6 points on half your trades without at least the understanding beforehand that this range is going to require that you learn how to hold futures overnight. So...

Fasttrader that would be exactly what you should be doing if your allowing yourself to take a 2 point stop loss. It may sound weird like 6 points is just too much and it may make you have to hold the ES all day sometimes and that may go against your mental makeup. (Not trying to insult you...

Very good question Axeman I wall answer that its as best I can. The reason is most definitely of a personal nature. Surprise surprise trading always is. I do not have super large drawdowns. Wtih an account of 500k I will not let the account drawdown worse than 10% thats 50k in absolute...

Hi all let me throw my hat into the ring for a spin. Yes 250k is a very large account size for trading purposes. In fact its huge when and if your only going to trade futures we all know that because of the leverage your getting in the first place. Its huge for daytrading because your can get...

Say it isnt so the Elite Trader boards have now been brought down to the same level as the Yahoo Message Boards!

no

Very simple one of my computers has the exact setup your looking at. I bought the Radeon 9600 Pro Dual Video Card128 Meg. Popped that baby in the AGP slot and then closed back the case. The Back of the card now sticks out with 2 monitor cable ports...one for Analog signal and one for Digital...

Well the question is then..has anybody ever come across any newsletter service that is actually making picks that are working on a 50% scale with proper stops employed? In other words has anybody seen a newsletter that they can honestly say now this person TRADES! As a matter of fact they are...

Please be aware that if you do accept a 30 day "free" trial of Esignal Software Version 7.4 , that if you cancel the software within 30 days they will NOT refund the EXCHANGE FEES which amounts to about 20 dollars. Just wanted all of Elite Trade to be aware of this as the sales person I...

Hi I was reviewing the software of TC 2000 sent to me a few days ago. I was impressed with the ease of use and yet the depth it has. There is one major problem I did encounter though and that is I didn't see any cross hair tool. If anybody is familiar with Realtick charts, TradeStation...

Hi if the name didn't grab you then I dont know what will. I contacted a broker that uses the Radical Trading Platform. I was given a demo too look through the software. I am a bit perplexed from what I can see there is no way in whcih to view a chart/graph of any seucrites. I was wondering...

Inandlong thanks for moving this to Chit Chat given the respones of Candle he compeltely ruined this thread and it was started with only the best of intentions. Let him move on so good move I completely agree considering the antagonistic responses of Candle.

Yes Good move and thanks.