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  1. Real Money

    what would you do...

    Find some. Could start small. Bigger bench press, maybe if you get some motivation single digit body fat. Start a new diet?
  2. Real Money

    No day trader on this planet can make yearly profits

    I would just call anything not measured in ticks a day trade. That's just my opinion though. I'm not obsessed with how the word is used.
  3. Real Money

    Scalping BAC vs Buying ES

    I'm not a scalper really. If I scalp it will be 2 or 3, maybe 4 ticks on ES. With my system I can get more than that if I wait for a setup. But, it depends. I have to watch the ultra bond rate futures and the ES. Sometimes I should be trading the rates, sometimes the ES, or sometimes it's a...
  4. Real Money

    No day trader on this planet can make yearly profits

    Scalping ES is for 2 or 3 ticks. Points is not a scalp. And yea, if you are actually any good at it then you are scalping stuff that guys who can't scalp will call noise.
  5. Real Money

    How similar is a sim to live trading?

    It's one thing to try and grow a 10k account. It's an entirely different story with anything six figures or more. Especially if you are gonna trade any kind of size. Even 10 times leverage is very risky, and I don't even consider that a lot of leverage. With 10k I wouldn't even be able to...
  6. Real Money

    How similar is a sim to live trading?

    I think success as a trader means a few hundred percent on your account. But, if you start from chump change it would be a lot more than that. From where I am I will call myself successful if I can break $200,000.
  7. Real Money

    Can you recommend a good source for reading about how the CME Globex works?

    I'll give you a few different answers then. Well, my opinion is going to be simple then. Globex is a bridge between the cash treasury market, and stocks both in dark pools and on listed exchanges. It's also an exchange for commodities, but I don't really mess with that. It is connected to the...
  8. Real Money

    How similar is a sim to live trading?

    Read my name. That's what I'll have when I'm successful.
  9. Real Money

    How similar is a sim to live trading?

    The biggest thing is having a real edge. If you know that you can make the money back that is lost, it gives you a huge ability to just take a loss or bounce right back from a loss. I will become successful because I can make a bunch of easy low risk profit fast, and then take the profits and...
  10. Real Money

    Can you recommend a good source for reading about how the CME Globex works?

    When you say "how it works" what do you mean exactly? Be more specific.
  11. Real Money

    Scalping BAC vs Buying ES

    I would just scalp the nasdaq futures instead of apple. More flexible trading that way. They trade nearly identically.
  12. Real Money

    Scalping BAC vs Buying ES

    No. I don't have an edge on any particular name in the index. My edge involves the rate and index futures. Actually, I like the idea of scalping a liquid issue but I don't think I will ever move away from futures now. I am too used to the leverage. The idea of being at full margin with 600k...
  13. Real Money

    Scalping BAC vs Buying ES

    I'd like to ask a question about scalping BAC in lieu of ES. Let's say I want to scalp a stock like BAC for size. BAC closed at $32.93 so lets assume I have portfolio margin and I'm getting 6:1 on longs. Assume I have a 'commision free' broker and my account is $125,000. Then, I get the edge...
  14. Real Money

    What do you consider to be the most valuable thing you've learned from a post on ET?

    BlueWaterSailor is right. You will have to be patient, and you will have to work very hard. But, if you come back to this forum when you get stuck, you read the discussions that are archived in these threads, you will achieve a greater understanding. I did, and it made all the difference...
  15. Real Money

    No day trader on this planet can make yearly profits

    I will only add to this that the more leverage you use, the shorter time frame you will be able to hold the trade. I'm not saying that you can't hold a highly levered trade for longer but since the losses are also magnified, it will make sense to take the profits. If you spread levered...
  16. Real Money

    Why not tradestation, TOS, Etrade......

    (I don't know anything about Rithmic, I hear AMP is good though) I have programmed dozens of custom indicators and scripts to make TOS a quant traders dream come true. Have a look. Here is another one. This is a chart in EXCEL using the IB TWS API (and custom VBA scripts)
  17. Real Money

    Why not tradestation, TOS, Etrade......

    My solution is probably the most simple there is. IBKR for execution, thinkorswim for charting, and if you need more than that you can use the API data feed and the free excel worksheet. The data fees are VERY low and commissions are OK. Some of these guys use a 'premium' data feed. Some of...
  18. Real Money

    What do you consider to be the most valuable thing you've learned from a post on ET?

    SPAN Margin Cross-Hedge Correlation Trading Co-integration Statistical Arbitrage Index Arbitrage Capital Efficiency Spread Trading Volatility Adjusted Notional Position Sizing IB TWS EXCEL API (VBA Script) ThinkorSwim (thinkScript) Margin Mechanics Yield Curve / Equity Market / Volatility...
  19. Real Money

    No day trader on this planet can make yearly profits

    This is the key. Great traders examine the other traders and find their weaknesses. If you know what your enemy is good at, then you know how to make money trading with them. If you know what your enemy is not good at, then you know how to make money trading against them. The most...
  20. Real Money

    Absolutely the best explanation of technical patterns

    This is actually hilarious. I observed an MLM guy when I was back in college. It was creepy. He was all about the image. I'm not even sure if he realized it was a scam. He had a suit, clean cut, confident attitude. He was pitching people at the cafe of a book store that I used to read in...
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