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But you had to get good in the first place to have the capital to trade that size, no?

Regarding scaling, you should read Gary Smith's, "How I Trade For A Living," page 220 to 221. "Over ten years I've become acquainted with many futures brokers. One is even the president at one of the larger trading firms. And you know what? I hear the same story from them about the futility...

Let's hear nominations for 2011 Elite Trader Top 100 earning traders. Who are the Real Elite Traders? :) :p :D

Too late.

I'll get a dog when I'm a helpless old fart.

Anybody who has ever been a broker will tell you 95% of retail traders of futures or forex will eventually blow up. A broker matter of factly told me his customers will continue to add money to the account to "feed the kitty." Of course, he was very adamant that the money in trading was from...

Way too stressful to watch tick by tick ES movements. Lots of temptation to use your full margin with the side effects of blowing up on an adverse move.

Victor Niederhoffer is a good example. http://www.newyorker.com/reporting/2007/10/15/071015fa_fact_cassidy

The HFT I used to know made average >$30,000 per day. His ROI was in the thousands of percent per year. Then, other automated trading systems caught up with him. His profits fell, then his firm stopped trading.

There are some nice people here, but in general professional traders here are not looking to mentor anyone. Then the newbies are not interested too much in talking to the other newbies because there is nothing to gain from talking about each other's failures, and not knowing wtf is going on...

This is a question directed at professional traders. What's your average % drawdown and how much time did it take to recover peak equity? I tend to take big positions, but I learned to never go on margin because I tend blow up owing to not having discipline to have correct position sizing...

Yeah, AAPL is still undervalued relative to its PE and growth, but should consolidate/stall out as market goes down ~8% or so next few weeks.

Read Gary Smith on "indicatoritis."

Are most people here intraday traders?

Yes, makes sense, but you really have to have your trading down to a science regarding the probability of your trades and be able to gauge the reward/risk to be able to implement a money management system like that.

Maybe you should worry first about having gains from trading futures.

Bernanke cannot hinder Gold without simultaneously destroying the stock market. When stocks decline enough, QE3 will be back and Gold will again rise.

NG in constant oversupply. Export market is years away, so NG will remain depressed. Contango will eliminate your net worth before prices rise.

OMG, shorting AAPL calls? Can you say wipe out net worth?

Maybe a certain group of investors feel their growth is unsustainable in the long-term. The history of cell phone companies is replete with examples of rise and falls. In the early days, Ericsson and Nokia were popular. Motorola had a little run, then the Blackberry craze took over and was...