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Hey man, come on. I don't know whether the great boasts are 100% true but ES and E-minis had sick range today. I would think that quite a few traders took advantage and cleaned up today. Most days are nothing like that, just extremely low range and non stop chops.

You da man. I dont trade ES, but I have not been getting even decent results since that 10k mark hit. Congrats to you and more luck to me.

Good point. Please close this thread and/or delete it.

Just wondering if anyone here knows of some decent research sites that are free or not too expensive. Just looking for backdated news events and back dated daily charts. Thanks a bunch

God this is such old news. And the $$$ are seriously understated. Considering the truth, that article simply sucks.

Well it seems that Greenspan & Company plan to keep this charade going at least until Bush is re-elected. Fine with me.

So whats ur prop firm? Just curious

Well the reason why Vaquero has good points is because he focuses on profitability, not on volume. Almost every major prop firm focuses on volume, which encourages churning and forces traders to focus on their commission rates and so on. "How many true prop traders do you know that are...

Ok I do apologize for straight out calling you not a trader. I did not mean it as an insult, just I consider any type of hedge fund, mutual/pension fund and institutional trading very different from day trading and trading for oneself in general. I did correct myself in a previous post...

You have a good point, but you are speaking from a different perspective. Once again, you do not have any prop trading experience which is very different from your global fund trading experience. Most successful traders do try to become the house by forming their own groups or trying to get...

Appaenly Bright traders are are very dependent on selling on downticks that they would take a risk like that. I personally would not take that risk.

Walther, You know what, forget I ever said anything. Your ridiculous cocky and arrogant attitude has ruined whatever little interest I ever had in your strategy. In case you did not notice, I still believe your last call was crap considering the volatility, range and best moves on Friday...

I agree, Using conversions is just asking for it.

Best time to take a trade? No way. Was their a trade to be made? Of course, but there is always a possible hypothetical trade to be made. Doesn't mean anything. Now, notice you never specified a direction. Hence at any given time you can be 66.6% right since the price can only go 3 ways...

Point taken. It does make sense to start your own hedge fund if yoy're good. In that case, you still are trading for yourself. But that is a small minority of any fund. Then there is the fact that most funds simply fail. So that would associate their traders with the failure. To be...

Funny, you are the only one that thinks you were right, yet everyone else thought you were wrong. You're in complete denial.

Ok I guess I should be more specific and state that trade ya is not a day trader. I guess he is a trader, although a completely different type, one that trades for someone else, instead for him/herself. I definitely agree with the capital and technology advantage that his fund may have, but...

You know, you would be far better off just forgetting everything you learned for two years and just simply start out fresh. It sounds like a lot of what you learned is only going to hinder and frustrate you. That's the impression I get from your posts. I doubt you're gonna do that but...

My condolonses guys. That sucks. Makes me appreciate the NYSE & Gang a lot more

You obviously are not a trader, that much is a given. You also do not have even the slightest clue about the state of the day trading industry right now. I know you apparently think that all traders automatically make money with such great conditions that prop firms provide today. But in...