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Do any futures trades know about this? Seems like a simple bet is the market going to close Higher or Lower for the day. No skill involved just plain guessing. Anyone going to dabble in this? https://www.cmegroup.com/activetrader/event-contracts.html

True. These firms that "fund" wannabe traders make their trading rules so stringent that one has to trade with a very narrow stop-loss in order not to blow up and go back to step 1, hence making money very hard. Any pro trader that trades his own account and trades with a comfortable stop-loss...

You are looking to make $500 a day with a $10K trading account? ES margin is $13K right now. You wouldn't even be able to trade 1 contract with $10K. Why would any profitable trader take you on for such a ridiculous proposition? Traders who are profitable in this business have been trading...

This long weekend give this a read. There used to be some smart posters on ET years ago. Read posts by Acrary, Anekdoten, Lescor, NoDoji, Tampa to name a few. A gold mine here: https://www.elitetrader.com/et/pages/hall-of-fame/

Reading the news about new flare ups in South Korea, Wuhan, Singapore, India and soon many parts of the US that opened businesses early, one has to prognosticate the S&P should have topped for a momentary high & is headed back to 2000. But timing is just guess work for us traders, some of us...

Did you add to your short at 2900?

Max, I really hope this trade goes your way. Just out of curiosity, have you always traded like this? Saw an opportunity & piled in, is this how you built your account?

Max, Last thing I will say about this: Why are you assuming the market will selloff? The market has been rising for 6 weeks now. The trend is upward. Put your fundamental analysis to the side - you might be right, but the hundreds of thousands of traders and trading programs buying...

Max, Lighten your position. Seriously. Lighten it up. Why are you trying to make it all back in one trade? Don't you want to be trading 20/30 years from now? Don't you enjoy trading to be an enjoyable activity? Don't you like seeing your method working over the long term as you steadily...

My goodness! There were a couple kids on here 10 years ago giving away the keys to the kingdom and I assume none of the seasoned traders on here took it.

Almost all of us that have made it - meaning, being able to make money consistently now. Almost never self sabotage. Have strict discipline. Never emotional. Never increase the risk but keep tooling the method to extract max profit from the market. Find trading to be boring. Will be able to...

I think it's a no go on this idea. From SEC: Investment Advisers Act of 1940 With certain exceptions, this Act requires that firms or sole practitioners compensated for advising others about securities investments must register with the SEC and conform to regulations designed to protect...

Thanks! I would be trading real money and expecting my clients to be trading real money - it would be a monthly subscription.

Hello Traders, After having traded full time for 11 years now I want to branch out and start a trading room via video conference for newbie and intermediate traders for a small fee to guide them on the right path. I had a lot of help from anonymous traders on trading boards who showed me the...

Imagine believing you'll learn to trade in 20 hours... It will take you a minimum of 10,000 hours - this actually comes from Malcolm Gladwell's research/book 'Outliers.' That is focused trading, correcting mistakes, working on our psychology on average for 5 hours a day for 8 years. And then...

Long term traders who are serious about his business and treat it like a business have a business plan - a method, a system - to trade the market. Small losses are part of doing business, it's days like yesterday when ES sold off 50 handles intraday that experts take as much as the market gives...

I'm glad there are still some thoughtful, introspective members on ET still remaining where we can learn from one another and I am certain those are the consistently profitable ones because they have the right personality traits for this business. "I'm curious - at what point did you start...

The general theme of the responses so far are: 'Be grateful you do something that generates an income, most people have crap jobs." I do agree, that trading is a simple way to generate an income (for longtime pros only) compared to 90% of the jobs out there, but that is not my point. Like many...

I need to do this as well. Start a creative venture that ultimately leads to another stream of income - gives me some fulfillment that I am actually building and producing something. I have always dabbled in writing, photography etc but trading seems to take up so much of my time, the actual...

This is my 10th year of day trading futures full time, I make money consistently but I am losing motivation, it is a very lonely profession, there is no real excitement, I am relatively young in my mid 40's, I feel like am I wasting my life looking at screens all day waiting for a setup...