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Given the lengths you have gone to in order to inform us of your trading strategy, it would appear that you do. Having said that, you're going to get one of 3 responses from people on this board: 1. You're lying! I don't believe you! 2. Good for you, I don't care. 3. Good for you...

It's not a standard process where you can open an account with a few clicks. You need to speak to someone and they can explain it all to you. You put down a certain amount of money (each firm has different requirements) and then they give you anywhere from 20:1 to 100:1 intraday buying power...

I use them all the time, and find them very useful. The proper way to use Bollinger bands is to understand that they are a dual indicator, and that you need to look at them in two completely different contexts depending on market conditions. Here is what I mean: You first have to...

If what you really want to do is daytrade stocks, why don't you just try looking up a prop firm? You can usually put down around $5000 and they will give you at least $100,000 worth of buying power.

Not that you asked for my advice, but take a look at your numbers. You are taking winners of 1-2 points. Thats 4-8 ticks. Your slippage to get in and out is one tick, plus commissions are another tick. So total slippage to get in and out amounts to roughly 25-50% of your entire projected move...

We know that 90% of traders lose money. Therefore, it stands to reason that 90% of traders on ET also lose money. Logically, it follows that 90% of any responses you get are likely to be bad guesses as to the market's direction. Unless you are planning on using any responses as some kind of...

It's not impossible to make money daytrading the ES, but I've heard estimates that say only 1-2% of traders can scalp and make money on it. Maybe longer term trading is easier. The question is: why would you want to even try? The way the contract is set up, it's not advantageous to you given how...

Your first job as a trader is to determine what your priorities are. Is your priority to make money? If so, the e-mini is the wrong place to start trading. The only reason you should ever trade this instrument is if you have so much size that you need the massive liquidity it offers to enter and...

New releases and numbers are often not what they seem. Bad news is often designed to get you to sell so the big boys can pick up shares cheap, and good news is often designed to make you think things are great, when they are trying to sell. Last year when oil was at its peak, there was a lot of...

Actually, TV and mainstream media is very useful if you know how to use it as a contrarian indicator. I always like to keep track of what my friends and family are saying about the market, because it gives me a good insight into what all the clueless people think. That in and of itself can be...

Indicators can be useful as long as they don't obscure the price action... for example I have found that Bollinger Bands and MAs can be useful if you know how to use them properly. Generally I don't find stochastics or any other oscillators useful in real-time because they can often lie...

I don't know about you, but personally I'm a little tired of Veyron posting all about his great system with absolutely nothing to back it up. Why exactly are you all sitting here trying to guess what he's doing? Why don't we all just insist that he posts some trades here? He started this whole...

There is "knowing" something, and then there is KNOWING something. You might intellectually know that you shouldn't get emotional about a trade going against you, but that's not the same thing as truly internalizing and believing that knowledge. Just because you know on the surface that...

I'm not sure if you were addressing me, but that's exactly the point I was getting at myself. I believe the original poster was referring to the market going against you as a "mistake". In my opinion a true "mistake" is when you place a trade that is impulsive and not in accordance with your...

I read the article... can't say that I agree. He has a very narrow definition of "talent". Being able to work hard at something for a long time and learn from your mistakes is in and of itself a talent, something that all successful people have in any field. Unsuccessful people generally don't...

A lot of losing discretionary traders make exactly the same mistake that you just made in that paragraph, and that's why they lose. You said: "...and being a sore loser at trading means that instead of exiting a trade and admit you made a mistake, you double up your losing positions (until...

All you have to do is post a list of some trades you have made to back up your claims and all the negativity would go away.