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I dont think you could be more wrong if you tried.

think i got you. thanks

What is "back and fill"?

could you explain a little more? I see how he could lose money of course, but with the stops so tight wouldn't he have to have a large amount of losing trades in a row to blow the acct? Example if the stop is placed 2 points lower on one contract that is a loss of $40. If he's only trading one...

I know I'm a noob but how would he blow his whole acct trading intraday with 1 contract with tight stops in one week while only trading for 3 hours per day? I know its possible, but is it really that likely?

I would say nothing is realistic unless you are trading with REAL money, as that is the biggest factor in any decision making process usually.

My kind of thread. I'm 20 and I plan to trade the NQ as well, in time. I'm not ready yet. You may have issues opening an account at your age, but i doubt it will be anything you cant get around. Futures are where its at for sure. I think the leverage aspect is scary to a lot of people, but I for...

lol one word?:D

Word.Wait until these bastards start writing down NON subprime loans, mark my words it will happen. Even though no one on ET seems to think so seeing as i've started like 3 threads on it with no response :confused:

I see, i wasnt sure if the $500 was some kind of smaller contract or something. Awesome this is what I wanted to know, thanks for your help.

I see, i don't plan on holding overnight, but i do plan on trading at night. so the margin intraday is only $500 and that still equals $20 per point?

:confused: :confused: :confused: :confused:

I looked up the margin requirements for NQ and it said $3,200 per contract. I thought this was set by the exchange and your broker could add to the requirement if they wanted to. However on other websites, i've found smaller margin requirements for the nq. Example, OEC says the margin...

Mark to market...i couldnt think of that phrase in my googling. Thank you.

I keep reading that futures are settled every day, i.e. if your position goes up, that money is put into your account at the end of the day, and vice versa if you lose money. How does this work? Where does the money come from is you haven't yet sold your contracts?

agree 100%

Thanks for the suggestions. The esignal system i was looking at is called "livecharts", its $50 with exchange fees, but i suppose its worth it. I dont use windows unless i have to, i stick to leopard :)

a panic attack aye? haha not my intention. Thanks for your advice. I have a somewhat rudimentary grasp on the basics of t/a, and a part of me wants to stay here. There is another post further up this page with all sorts of t/a concepts I dont understand. I just want to be able to figure out what...

Long term as in 15 years maybe...but not 3.

why do they stop printing books if people want them! it makes them so expensive...it must be speculators....