whats the best book or video on money management. I need one. I was going to buy "larry williams" the future millionaires or another one that teaches the kelly system. Not sure what one to get.
But CBOT makes you sign up for every single video we watch on their site. They make us go through the whole process of name, addres, telephone, blah, blah, blah. CME doesn't. CME just says "heres your training video's and learn lots".
How? I looked into it and every broker says it is impossible. They said you can't buy the emini S&P 500 between the .25 spread. They said you can only buy it at .25 of bid or ask. Is there something I don't know? Or a way to trade between the bid ask of emini?
Any thoughts on the "kelly formula" or a better money management system? I know this topic has been discussed before but maybe some new traders on the forum that are using it and want to share their thoughts.
What is a good book to learn how to put this formula to use? Or a different formula.
Too hard for me too. I don't know how to program computers. I know excel, but I don't know C programming or Visual basic programming. I dont' know excel programming. I just know how to use excel. The basics.
I think he is talking about 'renting a seat' on the CME. Cost is $1,500 every three months or $500.00 a month. Have to pay 3 months at a time. Then you get the .88 cent Round Trip. no broker. You trade directly throught the CME. I think. Not sure.
Who cares if he was arrested for tax evasion. It's not like he was arrested for lying on his training videos. He teaches daytrading. Whatever he is teaching in his books, videos, seminars must be good, because if they weren't, then he wouldn't have made that much money to owe the IRS. People...
Videos are good. I didn't do live training, but the videos will teach the same as the live training. Good learning CD's. Not the live DVD's, but the CD's is what I recommend. Email me if you have any questions about the CD's. I bought the set. It's a good set.
But it cost an additional $1,500.00 for a three month lease fee in addition to the .88 cent round trip. Right?
Lease fee below.
http://www.cme.com/trading/mem/leaseprices.html
It's not a good article. It's rubbish. Just a marketing article advertising his brokerage. I read it and threw the magazine away. There are tons of articles in there with every issue. They are full of fluff and fake stories to get your adrenaline pumping, so you think you can win millions too...
This thread should give traders something to think about. Traders are online asking where to get "COUPONS". If traders were making any money trading, then they wouldn't be online penny pinching and asking for coupons. LOL. Money would be no object if they were making tons of money trading like...