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North Shore: I have no idea what your angle is here...but maybe you should employ a copywriter...that pitch about "unlimited freedom, yada, yada, yada..." really comes off like a boiler room infomercial....

Maybe in your intellectual vacuum over there, you forgot that a bet requires two separate individuals to actually have the money at the start of the bet... Since you either work at McDonalds and live off of $500 bucks a month, doesn't seem like you can do much betting yourself... Again...

Lest not we forget... taxes MUCH easier to determine...

It's funny ya know...All this time I thought that American culture was so depraved with all of our Deepak Chopra, Tony Robbins and late night infomercials catered to taking the proverbial "sheep" to the cleaners... Maybe, our insanity is spreading across the ocean...or Sabeena, do you have a...

Interesting that these guys use a quote from Ed Seykota, considering that he is strictly a longer term trader... Scalping theory is that you can "catch" all these waves...Everybody is competing at this level... Just out of curiosity Sabena...Do you even trade?

About a year ago I spoke with this firm in Chicago(30 S. Wacker Drive) CME Building...They were offering desk space to e-mini futures traders since many of their stock traders were blown out of the market in 2000...Was wondering if these guys are still around or if their e-mini traders left as...

I agree with Darkhorse...Once your money is on the line, all of the seminars and training will go right out the window...Every trader has a "different" personality in the markets...Some can only trade breakouts, others can only fade breakouts...It is so highly personalized that training, aside...

I agree, this idea that you should go out and burn money is the trick to learning the mental frame of mind for trading seems pretty overdone...On the one hand, it is supposed to teach a trader to not obsess about money and to feel an indifference to losing $1000...On the other hand, it could...

I did not say "I would advise telling newbies to learn trading futures"...I was attempting to copy and paste someone else's quote and try to argue against it...Instead, this thing made it look like I was the one advising this... Could not be further from the truth...

I have an interest in this thread...I have traded a variety of options spreads in the past although I am not currently trading them... You said that you put on options spreads over a long period of time...I am assuming you are putting on "credit spreads" or volatility spreads, directional...

Anyway, the best way to learn is with the futures. No execution issues, just pick entry and exits. I started with stocks back in 1997(pre-bubble mania) and then went to futures...Stocks were far easier in my opinion than trading something as volatile and unforgiving as SP 500 futures, Nasdaq...

I don;t know how long you have traded this "system"...But my two cents worth are that candlestick patterns on the "micro" time frames will only confuse rather than clarify...You might want to scale a higher time frame to "filter" your short term trades...There is so much whipsaw and chop in this...

Another thing to note, something that I rarely used to pay attention to in a stable interest rate environment, is the rho...(or the interest rate factor) in the Black-Scholes formula...The first time I really noticed this recently was when I saw that the futures for the SP index were trading at...

I remember recently reading a promotional piece for the book about the former employee who was trying to "set the record straight" about Cramer and his hedge fund...I have also read several other books which have essentially destroyed Cramer's reputation...Another individual who I believe has...

I don;t have much knowledge of the effectiveness of the COT for the grains, energy or interest rate markets, but I usually will take a look once a week for the stock indicies. I don't really know if there is any real application for the numbers...I figure that a large majority of any small...

This may appear to be a forced comparison...But I honestly look at professional(i.e. people who derive their sole source of income or bulk of their income from trading) trading and professional golf as very similar fields...Like the PGA Tour where you have to EARN your paycheck from week to...

I agree with the posts about scalping being the most difficult type of trading...I have been trading futures, options for past several years and have only met one or two successful pure futures scalpers who do this stuff off the floor...The one guy who I know does extremely well has 30 years of...

Yes, I have read the Cottle discussions and unfortunately lost the book 2 years ago(little did I know it would become such a hot book since then)... But yes I have done some work on the "rent" part of the equation and the thing that I find the biggest obstacle(obviously the one the floor does...

This is like "Brewster's Millions" meets the futures markets...I really like the idea behind the contest, and I agree, if one had the multi-billion dollar net worth to run it, it would be a heck of alot of fun... I think that it would, in fact, be extaordinarily difficult to lost 950,000/12...

Actually, I am still working through the details of how much these gamma scalps would cost in the "rent" part of the equation...It appears to me that the underlying price action has very different effects on the trading of the underlying during different periods of time prior to...