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The sizes range from 50 to 150 (or 40,000 to 120,000 QQQ) depending on the risk profile of the trade and the program it is being run from. We built into this size with a money mgnt program. On any given trade an additional 80 to 120 contracts will be traded by members of my chatroom, but I do...

Throw out the DMI, throw out the Stoch and just look at price and volume for awhile. Once you get comfortable with basic pattern recognition, then move on to a few indicators. Brandon

I think today was the NYSE lightest volume day of the year. Nothing doing. Brandon

I do not trade the ES very often, but I am very active in the Nasdaq and routinely trade 100 contracts at a time. This is equal to trading 20 "Big" NSD's and though our commissions might be slightly higher, we save a ton on slippage. If we did 20 NSD's depending on the time of day we could...

I use a 45 and 120 tick chart both to help me refine an entry for my trades. It reduces my risk, while at the same time giving you the opportunity to particpate in the larger pattern. Brandon

Keep your costs low when you start. Most people wont make it because they have too high expenses. Brandon

If you get a group of guys together brokers will listen. We do that with our chatroom and when I show them that I can get them 100 + people, my members nearly always get a better deal than the average Joe. If you have a group of friends and you are all fairly active, you should be able to do the...

<i>liquidity "trading" is for suckers </i> The broker who thought of it is one smart SOB. B

I have an entire thread about this @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=8127 and although most of the trading I am sharing here is in the NQ, the principle is pretty much the same regardless of what you trade (ES, Bund, Eurostox, NQ, Bond, Note etc etc) Brandon

Thats exactly what I thought. It seems like the perfect way to be "right" 90% of the time and still go broke in the process. Brandon

Who cares how you got the money to trade if it does not hurt someone (ie selling drugs, stealing etc). I had to get a loan from my girlfriend to start, and if it was not for that, I doubt Id be here. Brandon

You should not have any problem with 50's. Even in the afternoon with the Nasdaq we are able to get in using limits at the price we want at that size, usually all at the same price. Brandon

You could post an ATR study on your charts, this would give you a good idea of where a stocks volatility has been, is at and is going. Brandon

It is really just a matter of scale. When you have $50,000 then holding 1 emini is nothing, holding 5 is probably just about right, holding 10 is purhaps starting to press it a bit and so on. If you have $5,000,000 then holding 500 Emini's would not be just about right, though at that point you...

We are working with elocaltrading. Brandon

Tradestation is ok for a single trader, but I don't know anyone who is really serious about systems trading (ie trading many millions with a fund consistently) that is doing it with Tradestation. Most have their own systems for everything. Brandon

Look to trade a few systems at the same time, trending and non trending, volatility vs non volatility based etc. The best mechanical systems are a combonation of a few. This will reduce drawdowns fairly substantially. Brandon

Does Tradestation offer Eurex quotes? I called to ask about it and the woman I talked to had no clue, it took me 10 minutes to explain to her what Eurex is.

You have to find a stop point yourself, that is part of my edge I guess :), but it is simple, us a point on the chart, I dont usually risk more than a few points..which means obviously that sometimes it'll fill but I will have been stopped out. I find that about 2/3 of the gaps that are gonna...

The average gap in the Nasdaq is 1.17%. This will completly fill in 71% of the time. If you are trending down and the Nasdaq gaps up about 14 points to an area of resistence (MA, Price etc) short it with a target being 1/2 point above yesterdays close. Flip this for long. If this is all you do...