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Hitman, if your strategy does better during the day than afternoon, then by all means it makes more sense to trade more size in the morning than afternoon, or perhaps to not trade the afternoon at all. Using different strategies for different times of day is a known concept. You've mentioned...

Duff, this was what I was getting at in my previous post. I read a lot on ET about traders quitting or taking it light when they are up so that they can have consecutive profitable days. I recognize the confidence that goes along with consecutive days profit, especially for pure discretionary...

The answer is simple, especially if one IS a profitable trader. There is no guarantee that one's techniques will work in the future. Knowing that, why not cash in your profitable techniques now? Imagine showing audited account statements of a profitable technique over the past several...

J-Trade, are you profitable trading OEX options? If so I would recommend that you do not switch. OEX is by far much, much more liquid than S&P emini options, especially if you are looking spread strategies. If you are not profitable trading OEX options, then switching to emini will only make...

Bilbo, if you search the Usenet archives you might be able to find an email address for Kent Calhoun that still works if you're looking to contact him. If you are searching for trading wisdom or education, I would caution that in my observation, most of the bad things said about Kent are dead...

Stockk, thanks for the explanation. Would you say your goal is to execute your trading strategies the same at all times, regardless of whether you just came off a losing strek or winning streak? I know Hitman talks about doing things like reducing your size and taking fewer trades when you're...

but in a crisis situation I hope I would display the composure Stockk did, regardless the source of the funds Why not hold your composure, or use that "extra resolve" or whatever discretionary traders call it at ALL times and not just after a big loss? What if you could hypnotize yourself...

The problem I have with most discussions regarding discipline and the "inner game" of trading is that this discussion assumes that the trader has a trading methodology that is profitable to begin with. Let me put it this way, a trader with a profitable trading method and average discipline...

With futures trading you can already get some pretty heavy leverage for intraday trading that I am curious how much additional leverage a firm would give you, or that you would want to take? You can currently negotiate $1k per contract margin for emini ES and NQ with several brokers...

My problem is at this moment I am not aware of any vendor with an audited trading record, something nobody should be able to get away with. If you recall from a previous post on automated trading systems, I mentioned several system vendors who offer trading statements from actual clients...

Hitman: Nothing beats the truth, and that's what I have to offer. Hitman offers *his perception* of "the truth", often with many imperatives and absolutes. Regarding absolutes, from my 20-yr old grammar textbook, but oh so applicable to trading knowledge: While I don't always agree with...

Kirk, yes, I was referring to "Kent" Calhoun, of KCI. I'm sorry I didn't realize there was another "Calhoun" with such similar first name. If I could offer "Ken Calhoun" any advice I recommend he legally change his name!! I will give Kent Calhoun one thing- he is knowledgeable about the...

Do you know Ken Calhoun (Daytradinguniversity.com)? Ken Calhoun is a big ripoff artist. I purchased his 5VBTP course about 7-8 years ago for a few thousand dollars. About 3 months later the CFTC contacted me about KCI. I didn't get my money back. The only way techniques did not work for...

total 226.00 261.00 this comes out to about $4000 in net profit trading 1 contract In my personal experience, I've noticed that systems that backtesting well but with an average profit of less than 4 ticks on NQ or ES tend to do just slightly above break-even in real-time trading because...

Perhaps they should raise commission levels for phone in orders to justify hiring some additional staff for takin phone in orders. IB already does this. It costs you an extra $25 per position when you call in to go flat on existing positions. Of course, the last time that their connection...

MA's can be useful in timing entries and/or exits, but you should have other reasons for taking a trade (e.g. something that tells you a high probability of an extended move in a certain direction). Trading MA crossovers solely is a loser's game as you will always be lagging the market.

You can learn more about SPAN and margin requirements <A HREF="http://www.cme.com/risk_management/span/index.cfm" target="_blank">here</A>. If you are only daytrading (not holding positions overnight), many brokers require much less margin per contract. Leverage can work for you or against...

I feel like this is becoming academic discussion.. you know successfully traders trading emin with 5k??? Are those traders or gamblers? I know LOTS of traders trading eminis with $5k per contract. I know lots of day traders trading eminis that take on 2-3 contracts per $5k. It depends on...

but if someone has 20k and cannot build to 25k that gives me something to think about. Sure you can trade with 20k Eminis.. is it enough to LEARN and SURVIVE and then start making money..I would say NO. So are you saying that the initial investment for any trader new to eminis, regardless of...

$20k is more than enough to trade the eminis, it is not being undercapitalized (it is, obviously, under capitalized for daytrading per new SEC rule). I would recommend that you first paper trade the eminis using whatever trading methodology you used on stocks to make sure that you are...