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haha... that's awesome. Once I spent $15,500 on a system... ugh... I wonder if this guy'll sell me two?! :D

I think it's hard for anyone to know the expectancy of a trading system or trade management structure until they have PERSONALLY traded it... I can show someone my high probability system, but if they haven't put in the screen time or don't have the proper training, they'll kill a great...

I'd say come on down to Tampa, but I'm gettin out of here. The best city to trade from is the one that has tiki huts on the beach that you can trade from... still looking for one in Costa Rica :cool:

not sure about prop firms, but I have a few friends that work at retail futures and forex brokers... From what they told me, I think the average newbie funds their about 3-4 times... On average, it takes less than a month to blow out their first account. After that, they usually blow it out...

LOL... what's with the predator/prey mentality? The market's not out to "get" anybody (well maybe forex brokers that trade against their customers)... I look at myself as a fly buzzin around a bull (the market). I'm just looking to pick off my little piece of this huge beast... :cool:

dude... check out Pandora.com You can select what genre, artist, or song types you want to listen to... then you can rate them (thumbs up or down). Over time it learns what kinda music you like and turns into a bad-ass radio station that only plays music you like. It's scary how...

What's an interesting bet? So, the only psychological issue is "I can't do it"? Maybe that's the only one you went through but a lot of traders have other issues... for example... 1. Getting in to early (aggressive, greed) 2. Hesitating (unconfident, fear) 3. Trying to hard...

It's hard for most traders to use a 1 pt stop... I use a max 1.25 point stop on the ES. This is only possible if you have a defined entry strategy with price action and entry patterns. It's helpful to have a smaller entry chart (I use the 233 tick) and a larger chart to actually take your...

For sure... it shouldn't take that long to get the technical side down (30-120 days). The psych part can take a week or 10 years to master... My trading started to really improve when I started reading psych stuff not related to trading at all. I recommend- Psycho Cybernetics...

Just imagine you're up 5 points and you're at an area where you should take some profit... then the market comes back to take your stop. Now, imagine you're up 5 points and you see potential for more, but you close... then the market runs another 3 points. Scaling out helps with both of...

It's kinda funny... most newbies get hung up on trying to program their own system or find a magic indicator. Anybody who's actually making money knows trading is 90% psychological... Therefore, my playas, I bet you'll find better traders in the psych section of ET than anywhere else...

almost forgot... TradeStation's EasyLanguage is something anybody can learn. With a little time and effort, you can program your own stuff. If you do it yourself, you'll actually learn something and save some money. CD

Here's some advice- before you go and pay someone to program a trading system for you, do this... Actually learn how to trade. Seriously... I'm not trying to be a dick here. This could save you a ton of time and money... the ONLY way you're going to be able to program anything that...

I've only seen a few guys who can trade from their intuition, and they have 30+ years of experience... The biggest problem for most of us is that our opinions of the market are almost always wrong! LOL... profitable trading goes against human nature... this blog post expands on that...

done for the day... you guys have a great one...

That bad huh? LOL...

just curious... how has everybody done so far today?

Here's a few trades from today...

Here's the ES on a 233 tick chart... anybody who's been trading for more than a week knows trendlines work... But I'll say it again- If you ONLY trade trendlines, you have 0% chance of making money. There's a right way to use them... and then the way most traders use them... which is why...