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I have found, regardless of the size, there is a 1/4 point collar on market orders. In a regular market.Can go up to 3/4 points in a fast market.

My system is based upon chart patterns and statistical data. Have not done the hit bid/ask routine since I traded penny stocks for clients.

I certaintly understand the volume of the mini. Noting worse than getting a partial fill. Blows the trading plan out of the water. Plan is based on getting filled at or around a certian price. The floor will always fill you . Been at this a long time, former broker.

I'm thinking of getting better fills trading 20 large contracts rather than 100 minis.And the possibilty of getting filled. Tried large contracts many years ago, big slippage. Floor brokers making good money on my trades.Called it slippage.

Curious about the slippage,1/4-1/2 pt? Lot of money on the large contract. What platform do you use? Other than Ran.

The big difference is slippage. Both have some, the big contract slippage can be much larger.Especially in a fast market.

You guys are weird. But I love it.Traders aren't normal anyway.

Yup. I love trading, don't always make money.

How about. "Everyone wants to ride with you in the limo, but you need people who will ride with you on the bus, when the limo breaksdown" Oprah. Hate Oprah, but good quote.

Who is the author? I find day trading is as much of a head game as the technicals. 1000,s of quotes out there.

What is on the "Words of Wisdom" poster?

Be MD, save money to be trader. If doesn't work go back to MD. Should take about 20 years to go through the process.Will be lots of highs, lots of lows. Kind of criptic isn't it, why sugar coated?

Try being down $250k trading futures.I stopped trading for a month and fine tuned my trading program.You have to believe in your system, always needs adjusting.Took two years to come back. Break even now.

Hedging is going long something or other, and going short something or other.At the same time. Pick any combinations, interest rates, gold, futures, hedge your own portfolio. Could be a time frame hedge, crop disaster, curriencies. Hope you get the picture. seadog

Take 50% of cash put in government issues. 50% back into your trading program. (if you are a believer)

You only fail when you quit. Not sure who said that.

For you folks in OZ, must be tough trading the North American markets with the time difference. Lived in Sydney for 3 years about 20 years ago. Sold computers then.

Better question. Who cares what they think? Just keep trading and make money.

If you can't work out this basic concept, what makes you think you are ready for trading?

I know, the scams are always around. How about the HYIP, or the Nigierian scam? Maybe ET should have a "scam" thread.