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Let me know when/if you guys go back to having these things at a bar where I can show up in jeans and a t-shirt. I don't own any pairs of pink pants, and at this point in my life I don't see myself buying any. But congrats with this stuff. Looks like you are getting quite the crowd.

He HAD cred Surf. But again. as far as trading that was "back in the day" when housewives were day trading at home buying Lucent and Cisco in between watching soap operas.

As you know by now, I have a problem with his constant bitching and whining. His anti-day trading rants reek of a person who failed and now claims others must fail also. It's minor league crap. That's the bs I have a problem with. The only other stuff I have seen recently are this video of him...

Altucher made money during the easy times. When things got tough he flamed out, like others. The difference is others moved on while he rants and raves like a whining lunatic still. He used to have some credibility, but it's all gone now. When you read his blog one has to wonder if he is...

Yeah. I track volatility pretty close in each market. IMHO when it spikes you can trade much more of the session. But when it dries up/slows down it seems everyone is done after the first 2-3 hours of RTH. I trade the Ag futures (Soybeans,Wheat,Corn), and their volatility has plummeted with the...

Show me a trader that doesn't remember his biggest losses and what the events around them were and I'll show you a bigger liar. I remember my two worst days ever back int the late 90's. I never harped on them after it happened, but I do remember them.

Exactly. Lunch time has always been somewhat quiet. But usually after things would pick up after. Seems not so much anymore. As much as I would like to trade the whole session, no reason to.

Yeah, I would do the same at times. Wake up at 2 am my time to trade the first hour or so of Europe. But it wears you down. I found myself not nearly as sharp then during U.S. hours. Ya gotta trade whatever hours are best though. If you are getting the good trades from 7-10:30 then stick to...

Trading forex is rough because of the hours. I used to trade 6e, but only during the old Chicago pit hours/RTH. Problem was, as you know, a lot of the really good moves happen during the European session (even during Asia at times). So unlike ES, Ags, Bonds, Crude......the real volume in 6e...

One of the things I always have done during an extended draw down is reduce size. Because after a while of getting beat up you will become gun shy and stop pulling the trigger on trades. Probably similar to the dog in cage thing. Even if you are trading big size, there is absolutely nothing...

"Plus I've discovered other weaknesses through trading, such as a tendency towards perfection. You can survive in the rest of life with it--you might be a good carpenter but a pain in the ass to be around. But its deadly in trading. " Great point. Trying to become "perfect" will lead a trader...

Bragging? Really? Show me some posts where I brag. Would love to see them. I am very private as far as what I do and how I do. The only tooting of my own horn I do is mention I have a lot of experience and can pass on on things I have seen/learned. But to say that is bragging is a bit much. This...

Adding to losers works great, until the one time it doesn't. You can wipe out 9 good days of trading with one horrendous day. The guys I have been around who do and stay in the game usually have a TON of capital to trade, whether they are trading their own PA or trading for a firm. So they will...

Actually the fact that I come on here and am antagonistic towards failed traders like yourself and others who whine and bitch it can't be done is a huge tell. Sorry you can't figure it out. Also the fact that I am constantly on here trying to pass on info I have acquired with my long experience...

This is some hilarious stuff. Go take a look at a 5 min chart on the ES. If you can find areas of REAL support and resistance each day and look at what happens when those areas are taken out you get moves of at least 1.50+ points a high percentage of the time before it goes back to .50 vs the...

Great thread. Marty Schwartz is a great guy to follow/listen to. Anyone who trades futures and hasn't read his book should. Great book. To add what Wartrace said, I couldn't agree more. It always amazes me when guys put on day trades right before big reports....EIA in Crude.....Monthly Crop...

Really? What if you trade breakouts ? Surely a 2 tick stop is doable if you are only going for 6 ticks. If you have a 3-1 reward/risk ratio and hit at a 50% win clip you will make a fortune. It's actually a great strategy if implemented correctly. I can see why you failed as a day trader...

It's not exactly the same as what I was talking about. What I am talking about is guys who buy ES at 2030. Then just have resting orders to buy more at 2025 and 2020 regardless of market conditions. So if they are buying into a free fall they will be setting themselves up for a lot of trouble...

You sound like a good guy and it sucks that they are putting you through such bullshit for a small ACH. Obviously they are going to clobber you with fees associated with each ACH so they will break them down into as many as possible. I have NEVER heard of a maximum on an ACH or any kind of...

I agree 100% on both parts. I have watched my friends on trading desks get bailed out over and over. Then the one trade that doesn't come back and they are in a gigantic hole. People like to say "I bought ES at 2030....2025....2020........look my average price is now lower". Sure... it...