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Surf, I've only traded FX thru GFT and have never had a problem with them. Even strangling orders ahead of econ reports get decent to exact fills. Have used DealBook, it's good but would prefer quicker platform like TradeMaven or Ninja software. That said, GFT is an excellent choice for...

I never try to predict market action, but I did call the Dolphin's upset over Chicago as the easiest money this year. Two touchdown dogs in that game? With all of Chicago AND the senile Dolphins alumni running current players into the media ground? No way they lose that game... I should have...

<i>"However, every trailing stop, profit target, and hard stop I have ever tested with it has shown a GREAT decrease in the expectancy and profitabiltiy of the system."</i> I've run literally 1,000s of system tests and realized the same facts myself. That said, do you find any hard stop...

<b>ES 54 contracts traded, four turns, -4pts total / -$10,462.50 <u>Mid-month cumulative tally:</u> -2pts ES / -$100 per contract</b> * Two weeks of trading this account, par results at midpoint for November. The markets are moving... why ain't we rich yet? It's all about the...

These days, "overnight" trading in ES doesn't exist. Globex volume and open interest is high enough to take any retail trader out with same degree of risk as intraday. The difference now is purely mental... some traders <i>feel</i> more in control while they are awake and in the chair. Trade...

<i>"Maybe you were just to busy posting on this thread instead of trading."</i> Hours of boredom punctuated by a few minutes of intense focus is how I'd define today's trading. I do suffer from some degree of ADHD, in all seriousness. Visiting with peers in the trenches here (such as you...

<i>"As long as austinp writes it. He is a true professional, rest are like me."</i> Before anyone annoints my feet with oil, check my results for the day. 0, -1pt and -1pt was the scoreboard. Six minutes after third trade stopped for tiny loss, upside exploded without me aboard. Trading...

<b>ES 54 contracts traded, three round turns, -2pts, -$5,400</b> Tried to short below R1 failure this morning and again below pivot point failure... fills missed to the exact tick each time. Trade #1 short stopped at 0 Trade #2 short (past 1:00pm) stopped at -1pt Trade #3 long stopped...

<i>"The key is to have the discilpine to walk away from a bad trade and not to keep hammering away trying to revenge trade after you have hit your max drawdown for the day."</i> That's for sure. No single day can make anyone's career, but a lot of single days let out of control have certainly...

<i>"Go ask Steve T how many losing days he has in a year."</i> I must have overlooked his daily trade reports in the link... sorry about that.

<i>"This is the result of 10 years work... Everything changed for me a while ago when I decided to aim for a smooth delivery of net points. By smooth I mean daily, not trade by trade."</i> <u>I am 100% sincere</u> when commending you on that. Very few traders on earth are capable of similar...

<i>"They say that every question contains it's own answer and so I am going to let you work this one out."</i> I was always terrible with riddles. Just too short an attention span to figure such puzzles out. I do know this: if I never had a losing day in the ES, by the end of year one it'd...

<i>"I am with you V. I do not have losing days."</i> The big players who rake in five-six figures monthly in 2006 P&L thread have numerous losing days. They wish there were never losing days for them, I'm sure :>) Is it fair to assume you trade their size or bigger for substantial net...

And what if, heaven forbid you lose -1pt intraday? Where is the mindset for that post-market pep talk AND more importantly, next day's trading? Successful mindset is based on "lose small, win bigger". Traders who fixate on not losing = winning every day (aka lunch bucket mentality) invariably...

<i>"And how do you make money with these strategies on the 6 point range days intraday ? Not everyday is like today and the majority of the time es is chopping sideways in a narrow range."</i> Day traders shouldn't expect to make money every day. That expectation causes more failure than most...

<i>"Well, there is no really "easy" path... but scalping is definitely more difficult. I've been trading longer than most of the noobs on ET have been alive.... and I believe there are 2 potentially good approaches... (1) Swing trades off of daily charts (2) Daily-Swing type trades...

<i>"We dont have many ES traders right now. I'm one of a handful of guinea pigs in a sim room. My goal at the moment is getting 4-12 ticks per trade with a high win% or at least a low losing %. I'd say average winner I'm shooting for is 6 ticks."</i> I'd opine there aren't many ES traders...

Yup... much better roi than the franchise route. Problem is, most aspiring traders think they can learn the ropes free or low-cost and earn while they learn. Aspiring franchise owners have fewer delusions and more capital (by force) to begin with.

<b>tt76</b>, how are others at your firm doing with similar position management? Most importantly, how are the heads of firm doing with said trade management?

pardon the ignorance, but what is four boxes?