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I personally think you'll be in for some tough times. I personally never traded on the floor, but I knew a few people who have and then tried screen based trading. A couple of mistakes to be weary of. Thinking trading in the pit is similar to trading on the screen, it's not. Trading on the...

Here's what I would do. (1) Split the account into three (a) 1/3 daytrading a mini futures contract of your choice (b) trading long term trends in futures markets looking at about 20-30 markets here as there are great trends every year (c) invest in good looking stock prospects (a)...

If you like history there is lots to do. There are so many tourist attractions, it is difficult where to begin. You may want to start at Tower Bridge and see the Tower of London. Then you can walk down the Thames Path and pass many museums on the way including Tate Modern and the Globe...

A difficult lesson, for sure. I don't think it is about trust though. The market, and life, teaches you to be cautious of other people's motives. The reality with meeting anyone is it's never easy no matter how much money you invest. I would also think carefully about spending...

One point that springs to mind, is to be successful you don't need to make a lot of points net. You just need to trade big size and have a consistent equity curve. Let's take an extreme example. If you made just 10 points net per month on average and traded 200 contracts you would make...

2 observations: 1. No trader ever has anything to prove. Trade for yourself and not other people's validation. One thing you have yet to learn. If you get into a negative dialogue with someone on ET continually replying to their posts just gets you no where and increases the negative...

What anyone else says about the market is actually irrelevant. Except where the comments may get you into thinking about what was said and testing it by your own market observation. Your system stats will either confirm or deny the validity of any strategy. Whatever works is what you...

No. I have been travelling, living in different places for the past year. However, I normally live in London and will be back there permanently from mid September. I used to live in the States a few years ago.

33. Although, I am English. Does that make a difference? LOL :)

I think you need to always be positive. Not with rose tinted glasses. You still want to see the reality of any situation, but don't dwell on the negatives and see the glass half full rather than half empty. I do, however, believe you need to treat any woman as a lady. Even if she doesn't...

Maybe there wasn't too much downside. However, you should always be trading the front month contract. The front month for the ES from 9.30est was ESZ not ESU. If you are trading a fairly large size there may be issues in trading a contract which isn't the front month. Although similar...

Gary, I think you misunderstood me. I was not talking about your method. I was merely disagreeing with you about using pivot numbers for trading. Nothing wrong with them and many traders use them successfully. I was merely stating that two people may take opposite positions off the...

Part of a professional approach to trading futures is knowing anything that is important to the trading day for the particular contract you are trading. You should know the following at least: (1) When Rollover is and how that usually affects the market. If you were trading ESU6 at any...

Hi Gary, Nothing wrong coming into the day with predetermined support and resistance levels and THEN wait for the market action to confirm them. You are right in saying that using predetermined support and resistance in an arbitrary fashion without reference to the current market action...

Good information there. I can confirm the current limit is 1500. Cheers.

Today was a good learning lesson for us all. Here is what I believe. If your systems produced ANY long signals today you will have problems in the long term trading the ES consistently. In which case you need to go back and rethink your approach. The trend was very clearly down all...

I never said it did invalidate the quality of information. If you read my first sentence I said it was good information. However, when you recommend a book I think background on the author is of interest, especially when he has a dubious past. Cheers.

Yeah, I heard about that. I thought you were serious so I thought I better post my evidence as I don't go around accusing people of stuff without grounds. LOL. Personally, I am not a fan of taking courses on the market, but if it worked for you good luck. I think most people just waste...

Release : 4628-02 (CFTC Docket No. # 02-10) For Release: April 4, 2002 Florida Commodity Trading System Developer and New York Publisher Settle CFTC Fraud Action CFTC Finds that George Angell, TradeWins Publishing and its President, Stephen Schmidt, Fraudulently Marketed Commodity...

George Angell books are good, I think. I read both of them years ago. Interesting fact. He got into big trouble with the CFTC a few years ago for selling a trading system that he said he had traded with real money when in fact he had only done simulations. I wasn't so impressed with him...