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One question: After studding for 2 years, what makes you think that you are ready now? It seems to me that you have a hard time pulling the trigger. Remember day trading has to be reactionary. You don't have time to decide. You have to know right away and pull the trigger. Regards, Tanp21

I hope you have educated yourself in the field of Risk and Money Management. It makes all the difference in this game. I also hope that creating these systems that you did not curve fit the system to produce the results that you desire. If you system trade, make sure that the equity curve...

ZENDINA, The Series 3 is not hard to get. You don't need a firms sponsorship in order to take the exam however you will need to register with the NASD ($75). The test is not as hard or long as the Series 7, about 2.5 hours, however the test has 2 sections and you must pass both. It is not a...

ZENDINA, Do you have the Series 3 license? If not I don't believe any reputable firm will let you trade their capital. That is without some sort of contribution of your own. Regards, Tanp21

Does anyone use Velocity Futures? I am thinking of opening an account with them however I can't seem to find any comments on their service. Thanks in advance, Tanp21

I am interested in learning what license is required to trade futures (ES, NQ, SP), off the floor, using a firms capital?

TraderNYC, I would be possibly interested in partnering with you. I live in NYC and would be interested in speaking with if you would consider a partnership. Please let me know either way. Regards, Tanp21

Did you know that 93% of all statistics are made up on the spot!:D Regards, Tanp21

T_REX, How large is your account and how much of it do you risk on each trade? What has you largest drawdown been on a monthly basis? How many consecuative months where losing? I am just trying to figgure out how practical this method is trading for a living?

What time frame are you trading/testing in? The reason I ask is because say you are testing using 60min bars. The computer doesn't know if the high happened before the low. You should try the test on 1 minute bars. The real question is does your method have an edge? Theoretically if you have...

How much are your willing to lose per trade when the market goes agenst you?

What is your risk to reward ratio? You may be risking 5,000 to make 1,000. In theory you will have more winners than losers however you will have large draw down in your account. Regards, Tanp21

profitseer, To enter positions randomly is ludicrous. Yes it may be a coin flip however you will get chopped up unless you have a wide stop. If you have a wide stop it would be unlikely that you would have a favorable risk to reward. Yes you may have a 1:1 ratio with a 50% win rate...

nononsense, Listed in my first post are parts of different methods that I trade however they are the most discretionary parts. In all the methods that I trade a do use strict money and risk management such as: at least a 1:2 risk/reward, usually try for 1:3. never risk more than 5% of my...

The more I trade the more I get confused with the methods that I trade. I only trade ES and NQ. Some might ask, what is your edge? I trade patterns: Breakout from wedges, pennants, head & shoulders. I trade using indicators based on divergence to place contrarian trades. I have traded...

OffShoreTrader, It seems that your philosophy is similar to Marty Schwartz in PitBull. Have you read Pit Bull? Do you use any form of the Magic T Theory? I would be interested in learning more on your method and thought process. Regards, Tanp21