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focus on one setup in several markets. master every element of the setup. study your past 20 trades of this setup. keep detailed stats of every parameter and keep a running graph of statistical measures of the setup. know the exact entry and exit signals which maximize your profit for this...

suggest Mastering the Trade by John Carter - mainly for the section on business plan and detailed records. If your keep detailed records of your trades, such as: -volatility -time -50ma or 200ma volume -pts made -tgt reached or early exit -reason for exit -print of chart -type of...

One of the benefits of investing in commodities is you know some overnight news isn't going to plop the stock to zero. The eft DBA tracks a basket of ags (see etfconnect.com ) and provides an alternative to futures/options trading. Another way to invest in commods is thru spreads, via The...

AZ is not unique in this and most other states have similar clauses. Following is what the law says regarding place of biz. You may be better off though starting a biz in a state w/o state income tax: http://usgovinfo.about.com/od/incometaxandtheirs/a/nostatetax.htm 29-604. Known place of...

I spoke with a staff attorney at the CFTC and the conclusion is that the SEC does not require registration. The CFTC does not require registration either but requires the managers to file an exemption from registration thru this link (explained below)...

Fair enough, I have a theory though that successful traders on ET enjoy giving back, with 17 out of 300=6%, I may be right

12 votes does anyone actually trade here???

thinkorswim. I have emailed them though, the realtime number is correct but something is wrong with the recorded high & low. you just put 100*/ER2M8-50*/ESM8 in the symbol window i.e. dollar/pt*symbol and it charts it in actual dollars.

yeah, I didn't mean to imply one direction only. Like anything else, it take study & practice, no free lunch. You can experiment first by using the spy/iwm options and also the gld/slv etf or mini-gold & silver futures.

Agree - intraday= total crap - upped my coffee consumption and watching dvds to make it bearable. There are however some other options when intraday trades suck: -initiate a vertical index option spread, leg this into a butterfly -buy 2 ER2, sell 3 ES during volatility breakouts or 1:1 for...

I keep detailed records of all my systems - best are 5 and 7- curious of others results. I should say by "best" I mean highest probability. Net gain is a function of money mgmt, which can make or break any system. For example, if volatility is low, using a 3pt target will only hit a buncha...

POLL

"Thank you for your recent email to the Office of Investor Education and Advocacy. This automated response confirms that we have received your email. Please do not send us a duplicate copy of your request by mail or fax as this may delay or duplicate the process.... The SEC views the...

Just the obvious - consult with a local atty. My main point is that many traders believe that their own LLC is out of reach w/o a license. They also believe they need to trade prop to gain access to more capital. Investment pools exist but don't afford the protection, transparency, and...

Happens every day - a corporation solicits its employees capital and places it in a 401k or gets you to buy their stock/options. They do this without a securities license. Many traders start an LLC and solicit money mgmt to the general public. This is not the same thing. The difference...

I'm not sure if SEGV is referring to the S-corp? Regarding the LLC, you can allocate any % profit to any member as long as its in the operating agreement. For example, you contribute $100k and I contribute $10k. You act as a manager of cash allocation whereas I just trade. I make 100% returns...

Do it by 4/15! I have this myself. http://www.irs.gov/taxtopics/tc429.html "In general, the mark-to-market election must be made by the due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective. The election is made by...

I just wanted to share my research on this topic (AZ specific) and am interested in feedback from those with actual experience on the matter. Please correct me if any statements are wrong! It is completely legal to form an LLC and manage money in AZ without a securities license within...

Looking for the right spread to take advantage of the falling equity market and hedge currency risk. Found these results to be interesting. The best spread is, (2.) below, buying Gold Futures and selling the Russell 2000 ER2 Futures. I compared the various spreads to their individual...

http://www.elitetrader.com/vb/showthread.php?threadid=119589 to correct, no options on GLD, UNG is optionable