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Perhaps look at the performance of CTA's, there are some free sites like IASG.com. Check out their performance, high water mark, mgmt & performance fees, and their AUM - to see what investors are biting at and gives you an idea of what the CTA's are making. You don't have to be the best, just...

See this article for a good explanation of the advantages of the NQ over the ES. Some traders like chop and are fine in the ES, others are breakout traders and trade the NQ. Liquidity is fine in the NQ unless you are moving a lot of contracts - like institutional. When the markets are moving...

YM emini has a lot of leverage unlike the non leveraged ETFs like SPY,QQQ,IWM. Your leveraged so huge so as to make it mathematically impossible to stay in the game very long. Whey you reduce your size and use a good risk management strategy your chances of success improve greatly. Leverage is...

Paper trading is nothing at all like trading a live market. There is no reason not to trade a SMALL position on the SPY, QQQ, or IWM which will invoke all the emotions of real trading while containing losses to a much smaller amount. You may even be able to trade your account back up that way...

The devil is in the details with many of the smaller discount Fx brokers. The larger Fx brokers listed on the stock exchange are a lot less risky since they are under much tighter regulatory scrutiny. Imagine if you had to wire out a million $, the wire xfer would be $15,000.

There are plenty of swing traders that do very well while spending no more than 4 hours per week - of which most of the 4 hours of work are done when the market is closed. Less is more!

In the late 80's Japan was in what was called the 'miracle economy" driven by loose monetary policy and dominating the electronics and auto industries - robotic manufacturing - surging productivity. The Nikkei and real estate soared, personal savings were the highest on the planet - what could...

Novice traders and greedy gamblers put on position sizes significantly larger than the long term successful pros would ever dream of which is why 96% wash out. My risk is approx 1% MAX of total capital per trade: so as an example I would never take a position size of more than 1 ES contract...

Must be near a blow off top. People showing up to trade with no capital and no experience arrogant as can be because they had a good run on the SIM, they are positive they will outperform the best traders of all times. Some think they should be given a 6 digit hedge fund to manage, some think...

comagnum said: "I would be cautious - they don't have much excess cash" ____________________________________________________________________ Just to be clear on this - this comment was directed at FCM - Ironbeam which was being discussed. A quick look at Ironbeams financials on the CFTC site...

Finding a big time winning trading strategy via back testing/optimizing is easy to do. It is like winning a computer fighter jet game and asking the Air Force if you can borrow an F15 to go knock down ace mig pilots in combat. At a minimal you need a proven track record of at least 2 years...

It does look his fund did real good in the 90s - so looks like I am wrong again, he did say he was holding longer and the market trends are as good as they have ever been but he never said anything bout how his recent performance. So yea, I am wrong at least twice now on this thread.

People always say that about the previous market era, that it was so much easier back in the day but a look at the charts shows that every decade has had great opportunities. Jerry Parker, former Turtle trader, said in a recent history the conditions now are as good as the ever been - in fact...

Our commissions start at $0.60/side and we introduce to Wedbush Futures with $154,038,212 of Adjusted Net Capital vs Ironbeam with $2,328,009 as of July 31, 2016. ____________________________________________________________________________ I would be cautious - they don't have much excess cash -...

When you have a good job - your chances of getting wealthy are much greater if you keep your job and swing/position trade ETFs/equities while adding as much to your account as possible until you have traded your way up so you can live off it for a few years. Traders do much better when they...

I do understand compounding a lot since I used to be a long term investor. Just used to looking at the ROR and expenses since compounding is just a by product of the ROR - expenses, etc. So yea, that huge number threw me off, I go that part wrong - I admit it. I see now that 45% x 10 years...

Money management is the last, not the first thing (as many claim) in trading. ___________________________________________________________________ Money management is the last thing in trading for those that blow up or are on the road to ruin. And true, most traders neglect this until they blow...

Anti-spoofing regulations not only fail to safeguard the integrity of the market; they exacerbate the very market instability that lawmakers sought to remedy by enacting the prohibitions in the first place. If front-running is allowed to exist, spoofing is its best remedy.

People starting to analyze markets often focus on how much they can win. However, it's much more important to analyze how little one can lose. ____________________________________________________________________________ Great point. The top traders of all times always have one thing in common -...

Looks good to me - that is a good plan to begin with . You are properly capitilized and focused on risk management, nice to see for a change. The only thing I may add is that if you have a good chart stop such as a base of the last two days lows of say .35% from your entry than I will use the...