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We trade anything we can find an edge in. I am probably not the person to answer the capital question, if you make the transition without getting too chopped up, capital wouldn't be the issue. I think standard daytrading margin is $1K per contract and spreads are something like $30 - $40.

British Virgin Islands

The smarter you are, the faster you lose money.

No, not yet, hasn't seemed liquid enough.

We use 100% mechanical entries, when you are wrong, it is usually something no sane person would do, only a computer. Accounts for all big losers, but it works for us. Discretionary exits, based on if it doesn't move scratch on the first sign of weakness. Lower transaction costs are the...

Cheaper commissions; Better liquidity; More volatility; Bigger spread; 5 deep; Try it.

Rarely, except for some option strategies.

No, what did he say?

You wouldn't know where the MFE is until too late, hard right edge. Yes, that is the entry, contrary to the random entry theory, we care more about strong entries, less risk, if your wrong, scratch. We scratch about 55% of all trades. We have spread like your describing, works most of the...

Now since you communicated with him, did you figure out his chart on stops or what he is using the Parabolic for?

I will give you a direction to look; multiple markets with same basic signal, trade the confirming market for a scalp.

Sorry, proprietary.

It was scary how close it was, I never got an answer on the bottom chart he posted about stops, or I missed it when I got too busy to figure it out. We originally set it up as an option screen and it just scratched, however when a system scratches on one market, especially an option trade, it...

All systems get chopped up sometimes. The key to system trading is multiple noncorrelated systems to flatten out the consolidated equity curve. Otherwise you are searching for the "Holy Grail". In Jeanmichaels defense, even though he never answered my questions, we trade a similar system, not...

Are you saying that you did a single trade a couple of years ago and because of that trade you have spent all this time working on what it taught you?

Whether or not your specific example is a rotation problem, all of the consumer feeds choke up on the open. We have done extensive testing on this and no matter what they say; unless you have a very expensive feed without an internet connection, they are missing strikes and transmitting stale...

If they let you do that, and you are making enough to offset the organizational and ongoing fees I would.

Slaughtered.

I think the exemption has been raised to around $80K, plus a housing allowance, plus the wife and four kids, and maybe the dog and cat, all working diligently in the business, plus expenses; shouldn't be that hard to cover 7 figures.

Basically, when you opened your account you where asked how you wanted your securities held. If you actively trade you would not want to take delivery, it is simpler to have them held that way. I am a little rusty on that, you might want to double check; but I am sure I am close enough.