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I started with 150k. I recently crossed 5M. I'm a CPO and running into liquidity issues so I'm planning on getting the Series 7 and venture out into stocks.

95% of retail fut's traders fail so that leaves 5% who don't. Sure there's potential for success but the odds are heavily stacked against the retail trader. Running stops probably is recreational for the pros but think about the opportunity that presents. If you find yourself falling victim...

Great Post!

You don't necessarily have to trade all of them at once. Trade one contract for 2 days and move onto the next. For me, it all comes down to volume. The more volume the better the fills, the smoother it trades, etc......My obvious choice is the ES. After that the NQ, then YM, then ER2. I've...

There is no right or wrong e-mini. Fire up a demo and trade them all and see which one suits you best.

I highly doubt BB wasn't aware of the situation. He probably said what he had to say to get the job, just like all politicians.

Is trading that hard? Or are people that stupid? Trading is the hardest thing anyone could ever try and many, many, extremely intelligent people fail at it everyday.

A few years ago I started a small hedge fund, which has grown into a fairly good sized hedge fund. Since I responded to this thread my Inbox has been hopping. I'll take a few moments and answer some questions I've received on this thread in the hopes that it will slow down my PM's :p...

This is what really counts. Banks are more concerned with your credit score and your loan history (same as credit score I guess) than your occupation. If you have stable income from trading and a high credit score you shouldn't have a problem. Getting a mortgage on a house, however, would...

EMR, you spelled "gona" wrong on this post and you spelled "fuck" "fuk" on another post. Just messing with you dude.....:D

Just amazing. You better take it easy on those guys LOL.

Been trading with you guys for a while Doug. Can't say enough good things about your company. Reasonable fees on platforms, will negotiate commissions, say they'll pick up the phone on the second ring and actually do, brokers respond to emails within an hour, and so on...... No, I won't get...

LOL. Been there. I totally agree. You gotta be able to enter the market with a clear head.

Typically, you have to do an incubator fund with your own money, under the watchful eye of an auditor. The cost is about 5k. I took a slightly different route. I did an incubator with a small number of investor's money and didn't do an audit until I had established myself and attracted larger...

You do come across some investors who are, for the lack of a better word, "needy." "Leave me alone or you're getting your money back" typically works. Maybe one of these days I'll quit doing the hedge and give you guys a call.

Excellent points USA. This is another reason I went Hedge. My risk was pretty much zero. I could have blew out and started over with my own money and probably start another hedge.

Don, This is not necessarily true. You can make an excellent living managing a hedge fund. Your earlier points are well taken but you also have to remember that it's hard to put a price tag on "owning your own business" and "being the boss." If you make your investors money they will love...

I manage a small hedge fund and the hassles of starting one are mind boggling. Expect to pay about 35k to get one off the ground unless you willing to do/capable of doing some of the work. Since my start up was small I did most of the work and kept the startup fees to under 1k. If you do...

The only real way to learn how to trade is to blow out a few accounts. I blew up more accounts than I can remember. All I did was lose for the first 3 or 4 years. For me, trading was much more than making money, it was a passion or a way of life. I was willing sacrifice everything to achieve...

You make some very valid points and I appreciate your position. It comes down to this....my blow up risk is offset by my win rate and the profits I've taken out of the market over several years. So I do know what my risk is, I do accept the fact that I'm human, and I do have the ability to...