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Norm,, I think you may need to paper trade this strategy live for more than a month,, say 3-6 month or more. Just to get a feel of the actual avg. intraday DD and see how your system behaves in ranging vs. trending days.. btw when you say you immediately lost $1K before you recovered some...

Bartending.. work at the restaurant,, not at a real bar since the hours are shorter.. the pay is nice, my friend is doing it and trade full time.. of course if he's successful at trading he wouldn't need the job anymore :D

I believe there were some complaints against RS of Houston,, here is one of them http://www.cftc.gov/enf/00orders/enfrsofhouston.htm I just went to his website and it looks to me like a scam.. JMHO

Elcap - good luck to you if you decide to go for it,, there is no job security for us engineers :D so i must congratulate you on having established a good plan in order to change your career path.. 50-60 hrs of studying the markets and developing strategies on top your regular work...

I have been following your journal with great interest.. Thanks and good luck to you

as much as I hate to admit,, i must agree with energy's post.. engineers don't make good traders b/c they expect certain outcome from the equation (X + Y must = Z).. in trading even if you do everything right (or you think you do everything right), you may still be wrong.. i have been...

Sid - this is probably another good day for you.. a strong afternoon trend should give this sytem good profitability.. i haven't looked at your site today to see if the filters would stop you from trading certain pairs.. but on the ones that are traded today must yield some nice gains

Some of my firends declared they are students.. A bank doesn't even look for a Student Visa.. You will need some kind of ID like passport.. Of course this was 2 years ago

Any of you ever been in islandbounty voice chatroom? I have been reading all their scripts as they posted the entire scripts at the end of each trading day.. They seem pretty honest in reporting their results, but I've never joined them.. The only thing that holds me back from trying is...

I'll short tomorrow when gap closes,, hopefully i can get the sell around 300

just want to drop a note.. Your site is an inspiration to other traders, myself included..

elitetrader.com definitely helps improve my trading strategy, especially on automate trading and exit rules. yohoo finance is a great site that provides tons of free and reliable information

winningforex is a different vendor from winnerforexsignals. i had asked winnerforexsignals about the spread and he said no spread has to be included... but what i had found was that the price from the chart, and not real brokerage price.. so should be considerded hypothetical.. i think there...

Ivanovich, on what timeframe do you trade? do you look at the long term trend to hold on to your position?

Peter, from what time (US est.) they start sending signals? do they send around the clock?

agree with progie,, i traded es and nq for two years and some how i think my systems work better with ym. so i trade ym exclusively now with diversify systems..i think ym trends a little better and it does has smaller $ spread.

Peter35,, does the mini $5 account use the same price level as the regular one? what about spread? i want to start small on forex, since i trade YM during the day.. it would be a new hobby for me at night :cool:

My friend subcribed the SMS and he is pretty satisfied.. of course he subcribed at the end of may and their results were all winner. :D i asked if he could show me the signals,, and he did.. from what i can see, a signal include limit entry price, stop loss and target. and the results were...

To anyone here on this thread, how did you develop your own system if you have no mentor or vendor that provided you with one to begin with? Did you just learn from mistakes?

I have been to numerous chatrooms, and purchased quite a few systems from vendors before I joined ET last year. I read all the information that you guys contributed and decided to give up on vendors and started learning to trade by myself. I have to say that all you posters at ET helped save...