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Just a thought here...but this is the second time in the last five minutes that I have seen a thread with a question about a 50 pt ES move running against them... Kind of makes me wonder what's in store for the market...Is there a group intuition going on here or is this group just going...

Whenever I have asked for literature for opening a corporate account for trading futures, I have always been sent a "Personal Guarantee" statement for completion...That being said, I have never actually gone forward with actually funding an LLC for trading, I have just thrown the idea around a...

Someone asked what dates these surprise price spikes happened...I remember everyone of them clear as day simply because these things stop your heart whether you are long, short or flat...Not only that it is the euphoria and despair of those who were lucky or unlucky enough to have been exposed...

From what I have seen regarding the futures end of the business...Alot of the guys who find a way into trading proprietarily are in touch with the members of the exchanges...Typically alot of them will start out in a smaller capacity and then be set up with an account to trade for themselves...I...

Why would you think that scalping equity options would be easier of better than scalping stocks>

The interesting aspect of this site is just how many newbies are still drawn into the markets...But what I am seeing is that some of these newbies are skipping stocks altogether and going straight to futures...Fresh supplies of blood everyday

Cohiba: In all truth the reason why you have received constructive criticism or advice while others have been the target of much antagonism is because you have a realistic plan for learning...Most people fail at trading not so much because they are terrible at trading(although some obviously...

Not only did IB have the same exact problems as last week, but they have become so predictable that I announced to one of the chatrooms that they would go down within 10 minutes and lo and behold they did...Every day for the past week IB has had the connection problems at approximately...

If and this is a big IF, you can time your entries into the exact pivot and you do this well, you will have trades that probably will not go more than a tick or two against you...For example, you could have sold 1119.75 today into a play at the 1120.00 resistance...Regardless, the real question...

My personal opinion about this, (remember this is only one opinion), is that the bear market has an entirely different feel and therefore requires different trading tactics...The entries are far more important in this environment and losses cannot be recaptured as easily because the markets tend...

yep, exactly, most people look at a chart at the end of the day and say stuff like, "look at how easy this was"...It always is after the fact...this 10 contract stuff just tells me he has never traded the ES...you cannot make a comparison between 1 to 10 contracts...that is very naive

Yes, I understand I traded the es today... Did you? You are not going to know ur strategy until you actually trade the markets...

This is the same argument most traders use prior to trading the mini's...you are assuming a positive rate of return on the 1 pt per day, which is akin to saying you are expecting to have a positive return off of "noise" everyday...A 1 pt profit target will work against you in a number of...

Another interesting phenomenon that has almost always been present in the stock indicies has alot to do with the mechanics of the rollover...I do not know how many times I have seen the roll from one contract month to another turn into some form of "squeeze" in the days prior to the...

It is funny that you mention 2500/day =$500k per year...I always hear this argument from people BEFORE they start trading...It is almost a universal belief that some absurdly high number can be AVERAGED, but when even the better traders average their numbers (good and bad), they rarely come out...

You mention that it has happened before...Do any firms come to mind off the top of your head? Also, is there a niche in the insurance market that offers that "catastrophe" insurance?

I never took the exam either, but at one point a few years ago I had considered going the Prop Firm route and did put about two weeks into studying it...I found that my orientation towards equities, equity options let me breeze through those sections, but the bonds were very complicated... I...

Exactly...How can anyone perform a backtest on data from the mid-late 1990's and consider this a valid sample...The real problem is that all systems are still using trending data...Anybody look at the market NOW...It does not trend it goes flat and sideways in tight, volatile ranges... That...

As far as the more popular platforms currently in use PATS is one of the main ones I agree, but many have forgotten to mention Trading Technologies, GL Trader and more recently FfastTrade...Many people swear by TT and Gelber Group does clear a great deal of the volume for the TT platform...

From what I understand and from my limited experience with IB's(not to be confused with Interactive Brokers), the funding is held at the FCM, not the IB. I believe the IB has a sort of commission arrangement with the FCM and "piggy backs" off the FCM's reputation and financial solvency. For...