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Ok Commisso, I should not have said "blowing up". What I meant was quitting or just stopping actively trading. Only about 10% of ALL people that attempt to actively trade will become profitable over the long run. Meaning about 90% will either blowout or quit trading actively, at least for a...

Let me start this post by stating that I am speaking to the 99% of all traders that are not; a. extreeeeeemely lucky b. trading geniuses c. lying When you start to look at returns on investment and periods of time longer than say, 6 months, one thing that you must respect and understand...

I will admit in the past this had been something that eluded me. I would look for moving averages to use for trend indicators, then I realized that so many traders use different moving averages and different timeframes, that a trend must be something obvious to all that see it. So, the...

Remember you are also going to have to trust him as you will be depositing money to an account you have no legal claim to access. I have done this before, takes a lot of trust on both sides. AllenZ

Scalping is a term often used and seldom understood. What timeframe, number of trades, risk, and potential gains are you looking for. AllenZ

You hurt my feelings being left out of your favs :) AllenZ

I am speaking about active traders that look for multiple trades in a day. If you are not an active trader and take 1 trade a day or 3-5 per week you may actually look for a gain of 5-10% a month even with the 1% risk per trade. Now of course this is an average and nothing written in stone just...

This is pretty much my point. People have the idea that just because the eminis have a lot of leverage and require little capital to trade that somehow they can make huge returns on their capital investment. This is an enormous suckers bet. Sure there may be days when you are "on" where...

Allenz "Do you mean trading one contract per day? My capital allows me to trade maximum 2 ES contracts. But I trade only one each time. I am a very short term trader, usually only hold it for few minutes. On average, I made 3 to 6 (sometimes 8) trades a day. Is there any difference between...

Look at things from a standpoint of risk. If you risk an average of 1% of your account per trade then making a return of 10% a month is outstanding. This is a formula i use to determine a traders efficiency. Basically: 10 X ave risk per trade taken = monthly return expected Anything over...

One thing I have found from traders I talk to ( and myself on occasion ) is that when trading a system one big downfall is outthinking the system. Once you trade a system for awhile you think you "know" not only when it will work, but when it will fail. Often you will enter when system gives you...

Bonds have some awesome intraday trends, are extremely liquid and have some nice setup daily. I do not currently trade them but I am slowly starting to watch them and may start to in the next few months. Check it out. AllenZ

I did an interview for them awhile back. February 6th. AllenZ

In this little game of trading we tend to forget one thing. The broker gets paid no matter what. This presents a scenario where there is really no big pot that everyone either takes from or adds to. If you trade commision free against other traders who do the same then perhaps you have a...

For the NQ I like to watch the following: MSFT CSCO SOX ( semiconductor index ) QCOM for the 5th you could see which stock is the news for the days stock, or one ith very high volume early on. AllenZ

Let me explain some of my feelings on stops as I have played this game awhile and played with many different theories. Here are some helpful things I have found in regards to stops. 1. Traders want this to be easy and automatic but really it is not. 2. When deciding a stop you must look...

First of realize that the S&P futures are where a lot of the pro traders are and they eat newbies for breakfast. Pro traders can make a sweet living off of maybe 10 points a week. Try to make 25-35 on the ES and you are setting yourself up for failure. My advice, try to make about 10-15% of...

After I wrote my response I thought for a second as maybe you were being sarcastic and if that is the case then excuse my response. AllenZ

Good luck!! I would challenge anyone to show me a statement with a 40% monthly return over any extended period of time cause in my book you would be " the man ". I dont care if it is 1k and you are making $400 a month, if you can do it for over 2 years you got my vote. Thunderbolt I love...

In order to figure what you should be earning you really should think in terms of what you are routinely risking. I have trained hundreds of traders and this is a very common question as most intelligent people want to know what they can expect to get out of something as demanding as trading...