Search results

I dont agree with the statements that describe trading as any other business. Trading should not really be looked upon as a normal business.. its very different. When you run a good business there is a high chance that you will make a living every single week.. maybe even every single day...

For more information about daytrading the eminis go here.. we are discussing the topic of daytrading the eminis for a living... http://www.elitetrader.com/vb/showthread.php?threadid=21152 --MIKE

There are many profitable daytraders.. I have met many of them. But I dont believe one can make consistent money every single day or week daytrading. I also believe that the odds are extremely against you trying to make a living daytrading the Eminis. If you make $5k a month trading the...

And what exactly does this mean??? You just study how the markets work? Who in their right mind actually understands how the most complex markets in the world actually operates? As if all the sudden one person wakes up and really understands and has a true reasoning on how the Eminis...

I live in NYC.. and have many friends that work in hedge funds and are pro traders.... I am only speaking from my own own experience.. that is how my beliefs are formed. I worked on wall street and my uncle worked on wall street for almost 20 years. I am sharing the reality of my own...

lol

I am just annoyed when I lurk these threads and I read countless posts of people trying to trade the Eminis on 1 min. charts. I just want to share with all the newbies that are getting their feet wet with trading.. to skip the eminis and get a reality check. Personally.. I have traded many...

Here is a fact. I have never met or spoken to a single person that actually daytrades futures and makes real consistent money. Real money is atleast $100k a year consistently. (I live in NYC so I have a high cost of living.) Yet I have met countless people that have made millions holding(long...

I have a good feeling.. that he will outperform 90% of all the daytraders trying to scalp a few points a day consistently. --MIKE

Ask Jack Hershey.. I think they are trading rockets.. and should be making a min. of $100k a year just starting out. --MIKE

Can anyone post a list of liquid ETF's that are swingable? --MIKE

Thanks Andre. DT1 will make a lot of $ when the market is breaking in a clear direction. Thats when his strategy is optimized. Right now.. we are in a listless trading range environment... in reality by playing breakouts in times like these... he is betting for these stocks to totally...

A simpler idea.. which is one that I trade most of the time... is to trade with the trend only... I look for stock making new 60 day highs/lows.... wait for an orderly pullback and play them. I am not playing breakouts.. just playing the premise of a trend resumption. The trick in...

DT1.. You are going through a ugly drawdown right now.. and I think its time to rethink the plan. Right now.. you are a pure high volume breakout player... you have to understand that breakouts working are cyclical.. and right now they are not working well.. because of the lack of momentum...

Every single one of them is bullshit. Also.. any publicized chat room, guru, mentor.. are full of it too. The people that know how to trade.. trade everyday and are quiet. The truth is.. its just like any other business.. the guys that are making serious money.. dont brag about it.. or...

I disagree... In reality the most profitable markets are trending ones. Thats how everyone made millions back in 2000 trading tech. A perfectly trending market has no horizontal support or resistance level. The support resistance is based off a key Moving Avg.. or trendline. This is...

I like the eminis with decimals... makes more sense.. I hope they dont chage that. --MIKE

Did anyone else notice the decimal points for the eminis today? Did Esignal just do an upgrade? --MIKE

Or go here and download the patch... http://securecomputing.stanford.edu/alerts/windows-rpc-16jul2003.html

Update your windows with the new service pack at windows update.