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well MarketAddict, you asked the question, and many replied telling you our experiences. If you have superior understanding, please explain to us smalltime traders how to make it profitable.

I'm not asking you to turn random into positive. As a matter of fact, I don't care what you do. But if your MM is at least about neutral, then your edge should turn it profitable. Personally, I don't believe in edges, but if you do, go ahead if it makes you feel better. But getting back to...

ok, that's cool, you think you have an edge because you know "WHEN". Try setting it up where the "WHEN" that you are so confident about is just random and see how you come out. If it is anywhere close to even (minus the spread and commish of course) then you probably have a solid money...

yeah, but isn't it kind of curious how all those who think climate change is man made are left leaning? and all those who think it is not man made are funded by Exxon? I only know one climatologist who I think is honest, and he believes climate change is man made, but he also believes if...

yes, thank you for elevating the thread back to it's initial weak start. actually, I wouldn't say it started weak or strong. If you were back testing random entry money management strategies and ranking them on risk of ruin, Martingale would come out number one, with no less than zero risk...

let me clarify, I don't like austerity when growth is slow so the so called balanced approach which Nancy Pelosi advocates seems to be twice as austere as the republicans idea to cut spending it's a moot point since nobody is going to do either I would prefer to cut taxes, not spending

are you watching this? It's starting to get hilarious. republicans are now arguing that your health care choice should be between you and your doctor the democrats are arguing, "No, the government should have a say in it."

sorry if I was a little rude and belligerent early on in this thread. I'm having a hard time getting my medicine due to Obama, the DEA and the republicans. And alcohol is a very poor substitute. He started this thread out on the 'Trading" forum. Then it was moved to "Prop Firms". If he started...

I don't think they ever set up the IRS to be a money making scheme for me. I kind of figured it would cost me. So...I wonder what they are spending the 25 cents that goes to me on? I hope it's a bomb. I don't really need medicare.

I see no difference between raising taxes and cutting spending. To me they are both one and the same. Either one is a form of austerity, and when combined are a double whammy. Austerity is what you do when you have screwed up and no one will lend you any more money. But it shouldn't be a...

"A balanced approach" is the democratic code word for raising taxes. Add to that, cutting spending. Isn't raising taxes and cutting spending nothing more than a balanced approach to austerity? If you like austerity, I can't think of a better way to do it.

well, there's a difference between Martingale and adding to losers. The problem with Martingale is your size can get way out of hand if you miscalculate an average move. as far as adding to losers, you often hear Warren Buffet say, "I bought all I want at this price, but if it goes lower I...

funny thing is, you get down on that Mexican border and almost everyone goes across for healthcare, especially dental. I don't know where the Mexicans go, but they probably have a border they cross too. Go south young man!

if you have an interest in currencies, I would encourage you to explore spot fx. Especially if you already have a deal going on in futures with ES. In spot, the spreading opportunities are endless. Open up a paper account, and just put on 100k eur/usd and see how that compares to what you would...

I learned my Martingale lesson the hard way. Lost 30% of my account in 4 hours on some FOMC minutes and the Australian Dollar. Oddly enough, anti martingale is just as dangerous You know you are starting to get close when you can identify some small discrepancies between the market you are...

I will agree with you on that Once they invented Globex It was the best thing they ever did for the smalltime independent trader

otherwise, like I said I know a little old lady that can make a million dollars a year buying nothing but T Bills so I'm not impressed with 3 guys that can do it at a prop firm The difference being My little old lady can do it year after year

there have always been bad elements in this business but prop firms are the lowest of the low their counterparts sell real estate on late night tv paid for advertising

the original insurance started with about 9 or ten English ship owners. They noticed that their business was highly profitable. But if even one of their ships sank, it would darn near put them in bankruptcy. So they pooled, but you had to have good safe ships and captains to join the pool...

yep, that old waterlogged grass stained baseball got hard to see on a summer night