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You bring up some interesting points and I think you are correct in that I should be a bit more careful suggesting new traders not use stops. And....there are certainly days when I'm sitting, waiting for a 250 point drop to end so I can buy it and in the process, wondering why I am not short...

I tried exactly what you suggest I'm missing and I can tell you it simply didn't work but perhaps we could agree on something else. There are as many ways to trade as there are traders and because one trader is not successful trading without stops doesn't prove or even suggest another is...

The primary reasons noobs blow out in a short period of time is because they are undercapitalized and inexperienced. A noob has less of a chance of timing the market than even the most experienced trader and even the experienced trader can't do it consistently enough to ignore money management...

I do not aggressively average down into a trade until it turns around. That couldn't be farther from the truth.

Think about this for a minute.....if you put a trade on and it stops out but eventually goes in the direction you anticipated what is the problem? Simple answer: Lack of patience.

I have done extensive research on the use of stops, both tight and wide and the only time they enhanced performance was when they were left out about 20 points, which essentially is no stop. Keep in mind, this was on a scaling system and it wasn't tested on today's volatility so the stop may...

I know a guy who is a banker at Chase. He said they are looking for a minimum 720 credit score for new loans. That's probably the reason you were denied at Chase.

When I first started trading the futures I set out to take a 1000 little profits and let them add up. I had a goal of doing 100% in the first month and I fell a whisker shy of the goal but you are right, once you have a few bucks the game does change and you do tend to relax but it doesn't have...

this is the problem I'm referring to in the above post. If your trades are showing you instant, or nearly instant profit where is your edge? It's as clear as day to me. You're probably like me. You can probably see only a short distance into the future.

This problem is soooo, soooo, soooo easy to fix. Become a profit taking fool! What happens after you take your profit is irrelevent. Case in point, this last trade. Short 71.50, cover 68.25, market tanks shortly thereafter. I simply do not care. I took 3.25 points. That's the ONLY thing...

Yes it is. I LOOOOOVE my ET :p

LOL. Good one Surdo. I have a ton of problems related to trading. Tendenitis of the right elbow, wrist and left hip. Already had spine fusion and have to wear glasses to protect from the glare and that's in addition to the glare covers on the screens. Should we talk about the stress next...

LOLOLOLOLOL

<B>ENTERTAINMENT THREAD ALERT!</B>

I guess that means Oil has bottomed.

When I was studying for the Series 3 one of the question said a CTA/CPO had to disclose personal trading history as well as pool history for a minimum of 5 years, if 5 years of trading history existed. Kaplan may have been wrong in that regard because the CFTC does not state anything about...

A hedge fund manager is required to disclose the past 5 years of performance, whether it is the result of a fund or the result of individual trading. <b>If</b> he did not disclose the performance of his last fund in his disclosure documents then he is in direction violation of a MAJOR CFTC...

If he did that then he is also in violation of Blue Sky Laws.

Yes, if you are advertising to the public. Having a website up qualifies as advertising to the public. If you don't do this then you don't have to register with the SEC, just the CFTC. The SEC gets involved when you cross the line from private to public.

Am I looking at the right site here? Looks like the performance of the new fund isn't going well either. http://www.schindlertrading.com/index.php?page=performance