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There is a difference indeed, my Brother. If you can manage not to lose anymore, there's no reason why you shouldn't be able to make 100%pa+ on a futures account, particularly cumulative and after you've been over your losing period for 6 months to 2 years. Once you got it, you can just...

Dear Brother AAAInTheBeltway, Wise words from you. Congratulations on this great post and great topic for a thread! To the subject: It is much easier for us as small traders to make a high% return than for the "big guys". It's about the "law of diminishing returns" and I've written a...

No, mechanical trading systems don't. They have a lot of downsides to them, anyway. That's why I tend to use a CPU that has several times more processing power than yours (in fact: 100,000,000*E^10,000 - larger than the number of known particles in the universe and cannot be written out fully on...

Hey Trader5287! I tend to trade the US markets during my local night and the US pre-open as well as the Aussie SPI during my local afternoon. I generally sleep between 6-7am to ~11/12am my time, if I sleep at all. Quite often I don't have regular sleeping patterns, although I know I...

Dear Brother Candletrader, There is a book by Daryl Guppy (my favourite Guppy book) called; "Better Trading - Money and Risk Management" It includes (as detailed on front cover): -Using Risk Management to improve returns -Protecting Capital and Profits -Better ways to add to winning...

Although usually much more risk-averse (I would have entered a little later, on the actual consolidation), If you ask me on this particular entry, I would have actually taken it as low as 5pts below A / 2pt below B at 9128. Because: -Strength wasn't high enough to justify straight...

AMEN.

Yeah. I just made a big post about that LOL. The secret is to find ways to decrease your risk while increasing your leverage antiproportionally. I.e. Everytime you find a way to reduce your real risk by 50%, you can increase your leverage by 100%. I think, as a basic figure to start...

Brother Candletrader! :) Regarding the 20% dd's - May I ask what kind of stop-losses you use? You must be using stops in excess of 2-3 pts in order to do that? I would never accept such hight dd's, I'd believe they'd wipe me out eventually! And/or do you use high margin? This probably is the...

Dear Super-Return Trading Brethren! :) Let me say this here, once and for all, LOUD AND CLEAR: Nobody gives a hoot how much somebody can make "per contract" in a day! This is a completely relative figure! It's all about margin! Doesn't anybody here talk about that? Thus, all these "how many...

Not true. Market isn't random at any timeframe. Otherwise, how would trading work at all? :) All trading starts with the smallest timeframe. Investors argue that position traders are trading patterns "not far from random"... You're the "investor" here, compared to a scalper... It's not...

Easy! Rather than use the IB simulator, use futures-trader (www.futures-trader.net), which is an excellent, fully-functional trading / scalping platform that plugs into the IB API and lives of IB's feed. The great thing is that it is free for the unrestricted simulator version (only...

Spot on, didn't even think of that! :p I've got Gold Cards, which here with almost any bank fully insure all purchases against loss, theft, damage, even dissatisfaction (to some extent) for a full 3 months after purchase. It's worth the extra annual fee, which, if you spend more than $10k or...

Go and kick the sh*t out of those bastards! :mad: If they're fraudulent, plus not backing up a money-back guarantee, and you can prove that the price for selling these methods is "inappropriate", and that you were dissatisfied and requested refund within the refund period (via emails etc)...

-They were bullshitting you, buddy... There's no such thing as "strict" brokers about the PDT rules - Everyone has to comply with them, no exceptions. As said, no PDT rule on futures, - Not even with IB :p ~Scientist

That's a lot in commissions man! -IB charges $2.40/side. -I think FFastTrade offers pretty low commissions, like 1/2 that if you're doing high volume - Might be worth considering now...? -PDT rules do not apply to futures traders. Besides, you get about 40% tax benefit trading futures...

COOOOL!!! :cool: ~Scientist

Imagine how long he would have saved for his initial trading capital... :) ~Scientist

:) So, Brother FastTrader, you're probably pulling $2.5k-$5k per 100-lot several times per day, let's say 5 times? That's $15k-25k/day. Nice. Could you share your secret with me? Cheers, ~Scientist :cool:

I could survive on a 2k-acc., confident! If you're scalping heavily, like me (often 20-40 TPD), you can trade the ES/NQ, jump in and out and keep your losses really small, making 5pts on the ES is possible, so that would make up for $250/day. Like i.e. wait for momentum in volatility...