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<i>"I trade all the time."</i> <b>volente</b>, you need to get some sleep! When I tried to trade FX discretionally in early 2004, I found myself enslaved to the screens from Sun to Fri nights. For me, no amount of money replaces quality of life. Then again, I'm in my 40's and pondering the...

<b>dandxg</b>, the only problem I've ever had with ER is partial fills on the winners. All of my losers get filled to the max as price action goes against me... could easily fill 200+ from entry to exit in the hole! Entering on limit orders runs the risk of a partial fill. Several times this...

<b>dd</b>, when you get to 4,000 contracts of anything I'll be happy to have you manage mine for me! * Assume a trader is able to average +20pts ER per month, any way that happens. +1pt per day, two weeks net loss followed by two weeks profit... whatever sequence happens. +1pt x 20 days...

<i>"Take today for example the Ym had a 55 point range or $275 max if you caught the whole move and ES had a 9 point range or $450 if you caught the whole range."</i> Monday 11/20 ES pit-traded session price range was 1401.25 low to 1408.00 high. That is a 6.75 = $337.50 total range. We...

<b>ES 50 contracts, 1 turn long, -1.125pts, -$2,812.50</b> Long from 1403.50+, price went to 1405.50, trailed stop to 1402.50, price action came down -3.25pts off meager highs and hit it. Price action then bobbed back to 1406.75 and flails around the 1405 mark with a red Dow and green NDX...

volente, I've never traded more than 100 ES contracts on a turn, and never had partial fills or slippage problems at all. Matter of fact, I've had <i>positive</i> slippage in my favor when exiting on stops... bigger orders going the other way shoved the market in my favor. I have talked with...

Myself, I'm in tune with the ER after having traded it since mid-2003. It used to be much more trendy, now somewhat flighty due to the increased volume. NQ is probably smoothest, MD (S$P 400) would be great at $100 point and in between ER - ES but zero liquidity there. I don't trade the YM...

<i>"And if you are having 1 point slippage trading ES then you need to find something else to trade."</i> If you clear 1,000 ES contracts thru any time of the day, there will invariably be -.50pt slippage in and also out. That's -1pt slipped on the turn... if your action points come during...

<i>"My #1 trading demon: Overtrading a dull market instead of patiently waiting for real opportunities."</i> Ditto, <b>Reardon</b>. It's the AADD part of me. I make money hand over fist in high volatility, active market periods due to quick decisions and (controlled) impulsive behavior. Fast...

As someone who's traded just about everything at one time or another, here's my take on emini futures: They are easier to trade than most other futures, tougher to trade than stocks. Commodities are erratic... and too illiquid for short-term trading other than gold, oil & currencies...

<b>dac</b>, agreed. Some of us here have heard the "tech trees grow to the sky" euphoria in message board posts before. Exactly the same stuff being posted now was plastered across the internet in late 1999 ~ early 2000... I'd swear some of it is copy-paste. Buying the dips is working fine...

<b>seasonedpro</b>, I traded thru early 2000 ~ early 2003, which in my opinion was the most glorious time for short-term traders ever seen. Most of today's traders think a 10pt ES range or 30pt NQ range is something to behold. It may be... for now. Complacency is high, volatility is t.k.o'd...

<b>ES 50 contracts, one turn short, -1.0pt = -$2,500</b> Expiry Friday, usually great or terrible to trade. Expiry Friday 11/2005 was terrific morning action... not today. To think, I used to revolve my life schedule around trading SPX inside option expiry week from 1999 thru 2002. Times sure...

<b>candeo</b>, small to medium sized (relative to market = symbol) accounts are more efficiently traded short-term IF the trader has sufficient skill to make it work. Longer-term charts, i.e. daily and especially weekly are great for swing and position trading. Fewer opportunities per...

<b>volente</b>, I use Ninja right now which offers stop-market orders on the exit. Unfortunately, I cannot for the life of me see where they allow stop-market (aka M.I.T.) orders to enter. Slippage is zero problem for me in the ES... unhit orders are the issue. If trying to enter long at...

<b>ES 54 contracts, two turns, -2.25pts = -$5,737.50 Nov 06 cumulative: -4.25pts ES</b> Four point total price range from 9:30am thru 1:44pm EST... four clock hours in the pits. By the same measure, ES rose +7pts between 8:30am and 8:35am est off reaction to econ news. Index option...

If any country nukes any other, we'll all learn the meaning of "lock limit down" for awhile.

I have traded thru several "fat finger" events, all in my favor or I was idle by pure random chance. One ER trade went -15pts down and +15pts back up in less than five minute's time. I was short and caught most of that drop, also by random chance. Had stepped away from the screens to cook lunch...

<i>"I actually had this happen a few times intraday without an outside event and as a result will no longer use limit stops."</i> The (supposed) ol' fat finger mistakes several times a few years ago plunged ER and YM intraday without warning. Also, two unnanounced rate cuts in Jan 2001 and...

<i>"Overnight doesn't exist in my business strategy. Only play when I am on. I watch my trades through and don't let it ride while I leave for a while. I have played at all hours but never just let it sit."</i> At this point in time I don't hold overnight either, but wouldn't be afraid to at...