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Is this a serious question? Hate to answer with a question, but how much profit are you pulling in? If it is substantial, then I would move to hire a recent graduate and train them to trade your account under a proprietary trading contract. The contract will be binding and once he figures out...

Anek, you are saying that you take an entry, hold the full boat and then wait for a second setup through a retracement to add more? Is this correct? I'm interested in learning about how you average up. Thanks.

In my opinion, this is where scaling out really pays off. I think 2 pts is sufficient in a normal market, but the ES now covers 2 pts just wiggling around. Hence, it is important to reduce size and widen your stop. Scaling is great because you can bank a portion at 2 pts and let your stop play...

Hi guys, I haven't read through the whole thread yet (probably never will at this point because of its length). I wanted to say that this is a great thread and an excellent start for those who are struggling. The method outlined is basically what I use day after day. There are several...

Give John Connolly at Advantage Futures a call. I doubt you would look further after you are done with them. Cheers, FT71 PS: I clear through the professional side of the business and have experience first hand. I don't get paid for recommending them.

I strongly suggest you call Advantage Futures. Call Ed Hague at 312-347-4800. They only clear customer business. You will be given space along with some big spreaders on the main trading floor. $250 per month + $0.50 commish to start and then it drops to $0.10/RT once you hit your cap. No better...

Proprietary firm in CBOT building in Chicago. I have never traded better from any where but Chicago. :D

It doesn't work like that. Stop trading. Get a good trading plan. Learn to stick to it. The profits will take care of themselves. Doing anything else is just a form of gambling. All you are doing is giving the professional players more of your money to spend. Good luck, FT71

Great mouse. I only use that kind of mouse for trading. Nice setup...

A trending market provides fewer opportunities for prop traders who trade often to enter. Also, a trending day on the upside tends to have little volatility and is a "grind" to trade. A market that trades back and forth gives more opportunities to enter at full size, scale out and let runners...

This movement doesn't make a difference to most prop traders. My guys reduce their size and watch the downside. The volatility takes care of the upside when they are right. These have been amazing trading days with the ES covering 20 pts in 10 mins oftentimes. Folks... prop or no prop, if you...

The fee is only required for the application. Every time you have to reapply requires a new fee and new forms. As long as you meet the quota and don't get into legal trouble with anyone, then you should be fine. The 25RT could be on trade or 25 trades. It doesn't matter. Also, you can tell...

Any clearing member registered with CME... most of them who can offer CME products are registered. I suggest you go to a direct clearing firm with this though. Advantage Futures, Infinity, Global, Dorman, etc

There isn't much to explain. You have to have a corp or LLC to get it. You pay $1,750 to apply. You must meet a minimum of 25 RT per day reviewed on a quarterly basis. If you don't meet that, then your membership is revoked for the next quarter and you are back on non-member rates. You would...

What do you need to know?

It is all set up and running already now for a week. Very smooth. The PCIe video card needs to be replaced. Seems to display a pinkish static off the DVI port on one of my monitors. A check of the cables, monitor, etc shows that it is the video card or PCIe x16 slot. A new card is coming in...

As an update, I went with Magic Micro out of Cleveland, Ohio. I order an ASUS motherboard with an Intel E6600 processor, 2 GB RAM, 1 nVidia PCIe x16 video card and a case that has a temperature readout and a big power supply. I also included a Coolmaster (i think??) cooling system. The mother...

LOL.... I was given that name in a chat room and a bunch of members from there are members here, so I'm trying to connect those to aliases. Actually, I AM in Hollywood. I'm the cause of all of Lindsay Lohan's troubles. No, the coke isn't mine either. ROFL

Sounds to me like you have a non-existent or poor risk management plan. Losses are inevitable and will happen for various reasons. You need to make sure they don't take that big a bite out of your account. More importantly, they shouldn't do that much damage to your emotional capital and...

I am only aware of calendar spreads as having this priority. Intermarket/interproduct spreads really shouldn't have this advantage, imo. I am not certain that this isn't the case though. Calendar spread orders always take priority in the queue over other orders. This is part of what makes...