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<i>"I agree that someone who just "daytrades" is going to have a serious problem, no matter what. The "day of the daytrader" has been long over."</i> That may be true for stock traders... a tough racket I wouldn't care to stake my financial future upon. Not true at all for futures traders...

<b>44 contracts ES, one full turn, two 1/2 position trades long trade +3pts, short trade +1pt = +4pts x 1/2 positions +$4,400 gross</b> Long trade trailed out for +3pts on the low tick before buy programs kicked the tape upward mere seconds later... more than +3pts higher from actual...

<i>"This thread is about doing it the way Livermore did."</i> Really? And how'd that work out for the late Jesse L.? Can you share with us just how rich & successful he was at his death, using similar tactics you purport?

In my opinion, the OP was ignorant (definition: lack of information = education) about the reality of trading. $$ signs in eyes, usual greed emotions overcame good sense. The trader(s) (and I use the term in extremely loose sense) played a part in enticement touting the wonders of FX, how...

<i>"The markets have erased every loss in 2 weeks in 1 day!!!!"</i> Prior to that, the previous three weeks' upward trudge was erased in one session last week. What do these beanpole sessions prove? Nothing trendwise... just go with the momentum when it's offered.

<b>ES 44 contracts, two turns, +2pts net = +$4,400</b> Initial long this morning was up +3.75pts, trailed stop to +3pts, was clipped out on the swing low before squirting upwards more than +5pts from entry mere seconds later. Second long trade (blended entry) 1382.25 = stop 1381.25 which...

<b>Tele</b>, please contact the futures broker I use... Eliot at www.mirusfutures.com Day trade margin is a lot less than IB, if that matters. You might find it extends to pre-9:30am if you explain the process to him. BTW... no affiliation other than I clear thru Mirus, this is purely one...

<b>Surf</b>, with all due respect, you miss the point. Price action CAN BE predicted into the future based entirely off what it has done in the past. If that were not true, how the hell could anyone make a dime trading said charts? In my opinion, after having worked with literally 1,000s of...

<i>"with this said, even if subjective TA can't be tested and can't be verified--- is it possible that the rare individual exists who can interpret chats profitably over a significant period of time? like a rembrandt of chart reading?"</i> Please... let's not make consistent trading success...

<b>ES: +$5,825</b> on 39 contracts, two turns = +3pts per contract Can only post gross... costs are reflected in client accounts Short for +2pts on a trail stop after going +3pts in favor Short for +1pt on a trail stop after going +4pts in favor, came back up +3.25pts to come thru stop by...

<b>BS, Nazz</b>, I've noticed a lot of key reversals or directional swings coming midday this year, seems like more than ever before. I rely on 13min charts for directional filter and/or trade signals, with many of the day's biggest moves signaled between noon and 1:00pm est. When markets are...

Four round turns, 39 ES contracts per turn short, long, short, long... -2pts net every time <b>-$15,600 / -$400 per contract / -8pts ES net -5.5pts ES (cumulative) for November</b> Breakeven day in ER, par results that symbol. Traded smoother than ES, hard to believe. * Enter...

<i>"Running a fund makes no sense unless-"</i> e) you're a good trader and do both. I trade the ER on a personal basis, and ES via managed accounts. That gives me individual choice in my own account to trade whatever = however, with nil admin tasks in the controller account...

<i>"so for all the people on this board, you may have your idea of my competence or whatever, BUT stay away from the SCAM word --- if you had one smidge of knowledge of who I am, how hard i fight to see that newbs keep their money thru that first hard year, how much ive devoted myself (for no...

<b>Captain,</b> please keep mentoring to worthy causes as you are. It will pay off handsomely in the end for all involved... be it in this life, or what comes next :)

<i>"ps. how's the little lady doing?"</i> Lifting weights at full strength, complaining about being bored and bitching about this & that to the usual level of expectancy. I'd say all has returned to normal, thank you :p

<i>"As you can tell by my numerous posts, I am a lurker. I would only ask that you don't look at the number of posts I submit and judge my advice by that number. I don't post for a living, I trade. And while I don't think myself ready to be a mentor, I may be able to offer some advice that was...

<b>Mark</b>, you said it all so eloquently and so well, there is nothing more to be said from my perspective. Give willingly to pursuits which are not dollar based AND for the greater good of all. When dollars are involved for the benefactor, it is not philanthropy... it is pure business.

Goodness of his heart, no question

<i>"I know this because I am a Mentor, and while you may be shocked at this, there is more to life than trading/making money. Mentorship takes many forms and people need help and guidance in many areas of life. Making a difference is what it's all about."</i> I am a mentor, too... which I...