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  1. S

    why prop and not futures?

    I did look into them, but, unless I misunderstood, I would need to trade through them, and I'm very happy with my current broker/software/etc. I'm simply looking for a shared infrastructure environment where I could be around other traders, but doing my own thing.
  2. S

    why prop and not futures?

    This is exactly what I've got right now. Full time at home alone and it's pretty damn isolating. I just now got back from a shared office suites business here in the western suburbs of Chicago and for a 128 sq. ft. Class A office space, including furniture and internet (T1 access), they wanted...
  3. S

    Following your rules and being patient journal

    I took off the $ P&L and just have the tic P&L. What I've got to do is adjust the target and stop, then just stand up and let it work. I either win or I lose, but not short change it. Easy said than done. Ever see 'Boiler Room'? When he was learning, Giovanni Ribisi asked his closing question...
  4. S

    Following your rules and being patient journal

    This is me. Absolutely me. And it drives me nuts. I did it again today. Entered an ER2 short at 795.7 at 1:00:25pm CST. It went a bit against me but then came back for a bit of profit. It then bounced back up reducing my paper profit and I exited at 795.5 at 1:08:26pm CST for a whopping 2 tic...
  5. S

    What did you learn this year?

    That both my previous method and my previous instrument of choice were completely wrong for me. I dumped my old method and changed my instrument, and now life is immediately getting better.
  6. S

    Who's from Chicago?

    For those of us our in the burbs, do any of you trade together? In a trading arcade/coop situation? Like most of you (I'm guessing), we trade at home. And I'm getting damn sick of staring at the paint on my walls. Would like to actually share an office with other people. Anybody do this...
  7. S

    Getting a trading partner?

    I assume you're looking for a net based trading partner, rather than sharing a physical office?
  8. S

    Any scalpers out there?

    www.wattstrading.com It's dirt cheap. And it works. BTW - no financial interest with this guy. Yea, he sells a service, but it's under $50 (!) and with a little tweaking for your own interests, it works.
  9. S

    How liquid is the ER2?

    Check out Austinp's response to my question about ER2. http://www.elitetrader.com/vb/showthread.php?s=&postid=1219975#post1219975 IMO, you cannot do 60-100 contracts AT ALL in one trade. Can you leg in 10 at a time without slippage - sure. But a one shot 60 contract with no slippage? Not...
  10. S

    Who's from Chicago?

    Sigh... Me too.
  11. S

    How do you feel?

    Exactly. 100% correct. If you live and die by your trading results (or ANY employment for that matter), you will be a small, small person. But if you take the spoils of your profession and do good with it (however you define that), THEN trading is an outstanding career because of the...
  12. S

    Simple Profitable Method

    I asked the same kind of question last month. Read Austinp's post in the middle of this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=77937&perpage=6&pagenumber=2
  13. S

    How do I run money for a few relatives?

    Doesn't the SEC or other Fed bodies require some sort of licensing to make trades on other's behalf? I'm assuming here that you're trying to do all of this totally legally.
  14. S

    Self-sabotage. Why do we suffer and how to eliminate it.

    Exactly. Your fear the effort of doing it right or even doing it at all are greater than the results of not doing it. Unless and until you eliminate the cause of the fear, or you attach more fear to not acting, you're stuck. And fear is the root.
  15. S

    Self-sabotage. Why do we suffer and how to eliminate it.

    You are asking about self sabotage in two different contexts. I was offering my opinions in the trading aspects only, not in the philosophical area. I don't think you'll get too much 'meeting of the minds' posting regarding the entire planet's history as it relates to self sabotage. My...
  16. S

    Self-sabotage. Why do we suffer and how to eliminate it.

    I would argue that virtually all fear develops from the fear of loss and/or security. For traders like us, it's usually money, but it could be more than that. It all depends on how you view money and what it means to you and your personality. Cavemen? Fear of loss (dying or not finding food)...
  17. S

    Self-sabotage. Why do we suffer and how to eliminate it.

    Self sabotage comes from fear. Period. Fear of winning/losing/not being accepted/success/failure/being just like your dad/mom whatever. It all boils down to some previous programming that you've learned through thoughts, behaviors or exposure that cemented something in your brain. Now trading...
  18. S

    I don't understand the purpose of "hedging"

    To expand on Aaron's post, hedging existed to ensure someone who MUST be in the market with downside exposure (i.e. farmers with crops) is protected in the event that downside exposure occurs. The farmer must plant and produce his crops - he just wants to make sure he doesn't completely lose...
  19. S

    "The eCBOT has accidentily cancelled....

    Already have an IDEM leased CBOT seat. Was thinking about a CME GEM seat to reduce the trading costs of lots of ER2.
  20. S

    "The eCBOT has accidentily cancelled....

    several hundred eCBOT orders. Please check your working orders for the eCBOT." <I>Sigh....</I> How much is a CME seat again?
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