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I know hat you are talking about. I have been having trouble with it too. I take stupid positions at the end of the day and give back what I have made. Just aproblem in teh last 2 months. I need to fix it.

Stratagy is the most important part of averaging down. While It might not be good for trend followers, for reversion to the mean trades it is almostr a neccesity. I couldn't make a penny without averaging down.

Did anyone else notice how wide they got yesterday when the plan crashed? They were almost 2 handles wide? Even the Russell had much tighter spreads. Has all of the volume switched over, or what is going on?

Let walk through this. You short a stock to me. You get interest on the money you get from the sale. I pay interest on the money I borrowed to buy the share( or I forgo interest on money that I have paid for the stock.) At this point it seems zero sum. Stock price moves in either...

I get that. What I don't get is why stock trading is any different other than the amount of shares being fixed. If you make a trade, the price is either going to be higher or lower at the end of the day. My counterparty still loses what I make and vice versa. Seems the same thing if you...

Sorry that I can't be constructive, but good luck.

Not really sure how futures trading is any more of a zero sum game than stocks. I don't see how in theory how earnings and dividends change the nature of the game. I'm looking to get into stocks for diversification only. Otherwise futures are great. lower commisions, no uptick rule...

Figureing out why you think that you lost money is a big step. Was it you being stupid, or was it one of those days when the market doesn't work well with your trading style. In the beggining, I would cut size. after you have some more of these days, (MORE will come) they start to get...

Start with 1 contract is teh best adive I can give. believe losing with more size depletes you capital faster than dipping into trading account for life. Set dollar figures like that are real hard. Limits you in good months, makes you over trade in bad months. Trade small and within yourself...

That was a pretty stupid post. I have never understood why people find stocks "risker" than futures. They have a different risk, but not more. If used properly, I think that they can have a whole lot less risk.

If you can't "optimize" your stratgy to pick the best 10, then take capital/ number of trades generated today. full capital usage without losing trades.

From what I heard it is difficult to actually go through membership. They hold you up for minimum 3-6 months just to get through the door. I can't imagine how bad the pits would be. The screen is still pretty difficult. In the pits they are 10 cents wide while the screen is only 2 cents...

Not sure if it works with your stratagy, but how about not trading stocks under 20 or 10 dollars. That way you stop trading them before they would get delisted, etc.

I hate CNBC, They are just reporters pretending that they now something. Getting argumentative with a trader that manages a billion dollars while all they do is sit in a chair and talk? Not worth the air they breath. the only thing that they are useful is when they break news that really...

Pairs trading is an example of mean reversion. If Ford and GM move together most of the time and suddenly move apart you would be playing that they would revert to the mean which is coming back together. I like trading that way. but the Fat tails do hurt.

It is part of my plan. I do need to get better on not getting emotional, and waiting until the right time to added to my positions. My trading still is a little to much gut feel to be able to create a set of all incompassing rules. I like everyone else in this game, always have room for...

Your right, there is always that possability. But I Know the max moves in the last couple of years in the markets that I trade. I know that those maxs can be exceeeded. So I trade when the probabilities are in my favor, and take it on the nose when things act other than they have in the past...

Why prop? A lot of the clearing firms in chicago have rooms where customers can trade.

What kind of trading time frame are you looking for? Scalp, swing, etc.? Are you going to be sitting in front of a computer all day. All are things to cinsider which will affect the answer to your question