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All you have to do to evaluate trading vendor such as KiwkPOP is just look at their material. Two things are blatantly clear to me (besides the bad HTML): 1. I didn't see any hypothetical results. Even the bad system vendors post hypothetical results. If this system rocks and rolls why...

Tampa, I noticed you had a subdirectory called "TP" and you have 5, 20, and 40 MA's on your chart. Are you trying to follow the "Trader's Paradise" method?

You don't include complete information. The way you phrase the question obviously someone would always want to make more money if possible, but the reality is different methods have different risk parameters. You might make 20 pts on that one trade, but maybe you only have a 35% probability...

AAA, I understand completely. I just wanted to bring some clarity to OT's point about Richard Dennis/hedge funds and holding for longer time frames. I often find many posts on ET where an analogy or some form of logic is used to justify an answer but if you dig deeper into the analogy/logic...

In the era that Richard Dennis made his millions and became famous, computerized off-floor trading was not available. Trading short-term time frames (not only pure scalping, but also taking 10-15 cents on a stock or 1-2 pts on SP/ES) was not viable off-floor at the time. By the time Richard...

But one thing about trading is that others can be taught how to trade successfully, whereas in pro athletics you can have all the knowledge, discipline, psychological makeup, and go-gettedness in the world and it won't make a difference if you don't have the raw talent.

But picking off 2-4 points can be very rewarding... :cool:

Forget the "professional" atmosphere at prop firms, the "better software" or even the "learning from others" relationship that many prop firms advertise about. Whether to go with IB or Prop is simple. Access to leverage & bullets. (And if you are not a winning trader, then also add the...

NihabaAshi, Although I am a big advocate of proving your trading method first, (so in Tampa's case he should only be paper trading or trading just one contract) I do know exactly what Tampa is talking about. I used to play poker professionally (i.e. made my living by playing poker) before...

#1. Undercapitalized. Not prepared for fluctuation in equity curve. As a result will let emotions interfere with trading when losing, or get overconfident and inappropriately increase size when winning. #2. Negative expectancy method. Do people actually validate their techniques? It...

In the old days your SPAN margin calculation didn't take place until the end of the trading day, so you could quite easily pyramid your futures position. In fact, one of the best 'get rich quick' scheme was to pyramid S&P futures or T-Bonds on a major announcement day. You either raked in mid...

The liquidity is very poor relative to regular trading hours, and the spread can be hurt you to. The only exception would be if you are taking a position or swing trade based on some other information where you think by getting in early you will have advantage (e.g. you are predicting a large...

The thought had crossed my mind that this entire thread was a hoax. If Tampa has blown away six figures+, why is he getting so bent out of shape psychologically over a point here and there on a single contract? But I thought I'd give him the benefit of the doubt. In case he really does...

Tampa, Were these 114 individual trades, or did you start trading multiple contracts per trade?

Averaging 20-pts per day is not as difficult as you think, but NOT trading one contract. 20-pts per day is about $250k/year, and there definitely are people doing that trading eminis. Regarding daniel_m's post about funds, the dynamics of a large hedge fund are much different than private...

tell me the average profit PER TRADE and how many trades per day. Other relevant performance statistics helpful. This will tell you the real story.

Even subjective/discretionary techniques can be backtested to a limited degree, either with mostly objective filters or honest paper back-testing one bar at a time. The reason I mention validating ones techniques is because Tampa was initially using the short-skirt setup which is a...

Tampa, From your description of your "pants" strategy, if you look at smaller-term MA rolling back towards a long-term MA and then resuming in the direction of the trend, you are essentially looking at a form of MACD. This type of method works well during most trending days, but get chopped...

I am certain Baron wouldn't want to get in the middle of this. To whom do you make the cashier's check payable? Don't you realize you can easily stop payment on a cashier's check? Do you ask a third party to deposit the $ from both participants then pay the winner at the end of the contest...

I don't think I'd even be able to LOSE 20pts per ES contract average even if I tried. In fact, if I could find a way to lose even 10pts per contract average, I'd have found the holy grail.