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also, assuming that you did lose money on ES this day... that says roughly ZERO about your methodology assume you did 4 trades today. and those trade setups have a positive expectancy the laws of averages still mean you can have many days etc. where you lose money even with the right...

2 things... while short term trading may SEEM zero sum game, it is not period. that's a mathematical/structural issue, and the stock market is not zero sum game by its very structure. futures and options are, of course. certainly, in short term trading, much of your gains come...

the time to be really bullish on gold was in 1999. i jumped the gun and bought in 1998 :) but seriously, everybody is pimping gold now that it is near $700 lol some people never learn of course it could still go up significantly, but being a contrarian WoRKS everybody LOVED...

computer costs are deflating, fwiw, not inflating compare the cost of a 2 meg ram computer with a 17" monitor and a comparable processor now vs. 2 years ago. duh of course, this is true with many forms of technology. but the fact that you are upgrading computers does not mean that...

the ES is 90% correlated with the YM, yet has a significantly inferior spread. thus, the advantages in YM over ES for intraday traders is quite noticeable. depending on your profitability factor, SOLELY by switching to YM vs. ES could make the difference between profitability and loss...

for pete's sake. you are a beginner so, i assume you are not trading 50 to 100 lots? then, liquidity is NOT the primary issue spread size is MUCH important, given enough liquidity. iow, YM it never ceases to amaze me how many (mostly unprofitable) retail traders gravitate...

step outside your narrrow world and understand that it affects trading. especially index futures specifically, it affects index futures, which i trade for a living the market is constantly changing. i had to adapt to the change, but as somebody who watches tick almost every second of...

"The ES is "smoother" and more efficient than most stocks which is a bad thing." um, no what it means is that you have to have a methodology that fits the instrument. the recent market (i don't trade ES, i trade YM but they are highly correlated) is quite trendy and less prone to means...

look, no offense, but... just based on the questions you are asking, you have no reason to be trading futures except in a desire to give other people your money. you should have the answers to these questions BEFORE you start trading. a business plan as well, etc. really. i'm trying...

i don't limit myself i daytrade futures. i swingtrade stocks (mostly) and to a lesser extent futures and options (usually spread trades) i also longterm invest in stocks, and to a lesser extent commodities. i daytrade for INCOME i invest for WEALTH

"I cant remember who it was in Market Wizards that said he could publish his entire method on the front page of the NY Times and Wall Street Journal and it would not effect the profitability of it because people would not have the discipline to follow it. So true." absolutely. in training...

"This is simply not true, because trading is not a zero sum game... this is true even for derivatives such as futures and options..." um, false. stocks are NOT a zero sum game. futures and options are. that is inarguable, and is a structure question. there is no opinion required...

great day for trading. full gapfill and fade

"Just feel sorry for people who use TS exclusively." i agree otoh, anybody who (especially trading FUTURES) who just has ONE brokerage account deserves to lose money part of risk management is having a backup account (and backup internet connection.

"I have been long 2 October contracts since 6.8!!!!!! I am getting killed here. All I wanted was to sell at 7.00 The end of last week I thought alot about selling with a loss but I guess if I reached this far anyway then I can afford to wait for a reversal till mid September. Im praying...

did u sign up for the nymex datafeed in TS? if u didn't, TS will show delayed data. IB doesn't charge extra for nymex. TS does iirc. so, if you haven't paid for NYMEX with TS, you are not getting the current and complete data

my understanding with UNG is that contango will negatively affect it the same way it affected USO and of course that, contrarily, backwardation will positively affect it regardless, evne GIVEN backwardation, the USO play was very profitable i am liking UNG here for the same reasons i...

i've been schnitzeling a little UNG since it's so UNLEVERAGED, and its in my IRA, i can afford to wait and keep adding to position on weakness these are commodities after all. the best cure for low prices are low prices. i did the same thing with oil and it was a great play i don't...

it depends, it depends, it depends. it really does. i have found that the key to my success was AVOIDING THE BLOW UP (TM) which was entirely the result of psychology, NOT methodology. you need two things to be a successful trader. 1) a methodology with an edge. 2) RISK MANAGEMENT...

there is PLENTY of volatility. you gotta be kidding me. for pete's sake, we just had a nice 40+ point move (both directions) off of the housing #in less that an hour. that is well over 80 pts in less than an hour (dow). love this market