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Chasity, It is APHIE not ALPHIE -- short for Aphex Twin ... and short for my nickname of "Aphexcoil" (which comes from the two musical groups Aphex Twin and Coil). ;-) aphie

You may be referring to one of my posts about turning 5k into a million. First of all, I'm going to do it -- and hopefully with your help in taking some of my profitable trades. Secondly, what is your motivation for posting here? If you are truely here to spread your infinite knowledge of...

Look at this Renko chart (which I use to get a better fix on mid-term trends). As you can see from this chart, we are clearly in a bullish phase with a smaller bear-trend pullback. With majorly strong support for the S&P at 900 and the contracts sitting at around 912, a monkey can predict...

I come from an art and science background. I love to paint just as much as I love to program. I was bored one day and programmed something that would translate market data into music via mathematics and a midi piano. I expected it to sound like junk, but it actually sounded like a great...

Gentlemen, Honestly, who really gives a rat's ass if trading is ethical or not? If it is not ethical and you are good at it and make 6 or 7 figures a year, are you going to stop -- NO. You know -- ethics makes for a great philosophical debate in college, but in the real-world, people...

DMD, 90% of traders wind up as the oil that keeps the kogs moving in the big fat money machine that the other 10% use to get rich beyond imagination from. Trading is wonderful. I would encourage anyone to try it -- at first to make millions of dollars, but if not -- at least a little...

The best thing about trading the markets -- especially index futures, is the huge reward / wipe-out potential it offers. It is also an equal opportunity employeer and doesn't discriminate against anyone. It fires those employees who simply do not perform and it never offers a decent...

If trading is gambling, then it offers truly better odds than any that you will see in a casino. When was the last time you were in a zero-sum casino? I'm sure someone will steal that name and use it for a casino now! My final take on markets (especially index markets) is that they aren't...

Huios, I really respect you for laying your trades out in the open for people to see. I myself will be starting a journal shortly and venturing into ES day-trading on a part-time basic (a few days a week). I will be starting with $5,000 real money and trading one contract. I have...

Tampa, Don't ever think that having money in the market is a "no-lose" situation. It may be called a "lower-risk" situation, but a situation that guarantees a profit in any market is non-existant. aphie

Well, first of all, the real money to be made in futures is for people who can hold contracts for longer than an hour and ride a trend. Imagine how nicely you would have done if you bought 10 contracts on Tuesday morning and just held until Tuesday afternoon, and then did the same yesterday...

Magna, Averaging down in futures and stocks are two totally different things -- indexes can't go bankrupt, and if they do, you'll have worse problems than just being dead broke. Some systems incorporate averaging down -- I know the system I am developing makes use of averaging down on my...

Pound, I totally agree with you. We need a fresh injection of chaos, humor and excitement. Life is just a big play -- and for those who can't handle drama -- why are you on an "elite trading" board anyway?! If you can't handle drama, then you have no place in the markets. However, if...

Sunny, In accordance to this KISS method, draw another line above or below the first line. This line is your exit. aphie

Who cares what everyone thinks about SuperEGO. First of all, I have no idea if he is famous or infamous, or a little like Spiderman and basically good but with a bad public image, but whatever this guy does -- he apparently does it good. If he's got something to offer this board, whether is...

def, I am going to open up an account to trade futures in the next few months. When I do, I would like to know that, if something happens, I'm not going to be left to the whims of the market. It is challenging enough to be a successful trader without having to worry about what happens...

"A couple of days" to find out if your order made it or not?! Are you kidding me?? If you have 20+ contracts floating around in a market for days and you don't know if it is actually an open position or not -- that can't be too good! I have always heard good thing about Interactive Brokers...

ChrisM, If you are a trader and can make money consistently, you probably due your homework and adjust and fine-tune your system on a constant basis -- just like doctors will practice their skills before going in and working on someone's brain (hopefully not mine anytime soon). I make it a...

Today is a classic lesson in simplicity using just support resistance levels in S&P. We started out around 945-946, there was an obvious downward trending bias from yesterday until the S&P hit a key support level at around 930, which it then bounced off and and continued to move upwards until...

Keep in mind something very important -- all risks are not created equally. There is a such thing as a "calculated" risk that might prove better than flipping a coin with one percent of your position and going into a trade. Another strategy might be so simple as to draw a line and buy or short...