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Better yet, get long the ES on the open and post your blotter. That's how real traders bet. :D

Interesting complaint.... Did you expect to have a forum that starts at your level of knowledge and then continuously progresses and builds on your level of knowledge infinitely? Do you really believe that anything you watch, read or hear is new and not a regurgitation of the same stuff you...

How is the current trade any different than what you see for late December on your chart above? I'm no expert chartist but I see very little to tell me that you have enough to arrive at your conclusion. At least if you got short now, your risk is very close and easily defined by the last top. I...

Very kind comments from all. I have to add bolter to this. A very generous and explicit character. By far, one of the best threads on ET.

How about starting a BOT journal?

I meant do you daytrade? Invest? How long do you hold positions for?

What is your time horizon for trading?

Excellent quote and an excellent biography to read.

Risk Management Money Management Methodology Psychology (discipline, attitude, etc) Technical Structure (network, equipment, etc) These have to be addressed by your business plan. Money management should include your cost structure (commish, tick value) as well as the traditional sizing...

What you have gone through is a classic scenario of someone following his dream. However, you also did what most people who fail at this have done. You approached it as a hobby or an interest rather than a business. You must have a plan in place before approaching trading. It is no different...

Index futures product....

Don't forget the Big DOW contract. It makes it the highest $ tick increment of any electronic index product offered in US.

I think that something is strange when one FCM is transferring customers to a competing FCM. I am not sure if the relationship between Man and TransAct has changed. I would at least find out what is going on and draw my account down to required margin. Again, I'm not trying to alarm anyone...

This is why I was eluding to the fact that these events would make my ears perk up. I pay close attention to events or changes at any business where my money is on deposit. TransAct has struggled for a long time with TM and the various issues related to it. I think they were a more stable...

I interviewed with them a while ago when I was looking for an FCM. They have been around for a long time. They are a pretty solid clearing firm. I wasn't aware that they handled retail trading though. I don't know much about that aspect of the business.

Depending on the reasons, this could be seen as a warning for those who clear through TransAct. I met with them and extensively tested their system about 2 yrs ago. I have heard a lot of complaints since then. I would consider your options if I were you.

Do you mean that you are with TransAct and your account is being passed to Man Financial?

:) ... not surprising since Friday was a half-day for the treasuries and was the start of a long weekend here in the US (president's day). It looks like you got the bulk of the move. Don't spend it all in one place.

I would look at your broker/clearer. I use TT and trade CME products, but I don't see any delays. Good luck.

XP is much easier to use for an individual especially when comes to networking, setting up connections, etc.