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Hi Nic, A lot of stock traders seem to think this (I did too at first). The fact is that they ARE more risky, but not because of anything mysterious about them. Its all due to leverage. They are just more leveraged than stocks. Of course, you can eliminate the difference by having a...

Neo, You will be able to hold a position as long as it stays above the maintainance margin. However, if you exit the trade with less than the initial margin you will not be able to put on another trade until you fund the account back up to that level. Someone mentioned trading 5 minis...

DT, You have to understand why TS requires entry on the next bar if a condition is required for entry that occurs on this bar. When backtesting, TS sees the open, high, low, and close of a bar. You can only know what time the open and close occurred, but you don't know when the high or low...

Just to clarify, my comments on tick charts were regarding the electronic minis, not the full contract. I haven't used them on the full contract due to the limitations mentioned by AAA. Just another example of the inefficiencies of an open outcry market. Kirk

To add to def's post, the contract months are March, June September and December (not monthly like stock options). I have never paid attention to the exact day of the change, I just followed the volume...one day the old contract is the most liquid, the next day it switches to the new contract...

TS uses a web-based interface for futures right now but I have read where they were looking at a possible integration with Pats API. I can't confirm that though. As for automated trading, if your system gets a signal, it will load up the order for you but you still have to click a...

Kicking, I like to watch the premium when trading the minis. Its a little different than using it for stocks. My approach is to use it to get better entries. If there is a wide spread in the premium and I'm looking to go long, then I am "overpaying" for the futures relative to cash. If...

J, I like to see tick charts as well. The main reason is that it gives you a good indication when activity picks up. Of course, so will a T & S, but I like a tick chart better visually. Also, if you look at a continuous chart of the futures including the overnight globex session, the fewer...

Ah, this is probably the area of my biggest mistakes in trading. How much snake oil have I bought? Lets just say in my beginning days that I could have saved at least a small trading account worth of money if I had known better. The list is long and covers many varieties of snake oil...(and...

Morpheus, A couple of things... Anything you can say this after you should run away from! [/b] Then don't become a trader. Many people who love it still suck at it, so if you hate it you will guarantee failure. [/b] Do a search on this site for these things, there is plenty of...

SP, If you haven't already, you should read the thread "my story" from back in July. The link to it is http://www.elitetrader.com/vb/showthread.php?s=&threadid=1670&highlight=my+story It has the stories of some of the traders here that I have great respect for. One of my top ten favorite...

It seems I recall that something peaks at 18, but I don't think its mental... Nic, I think you're right, lol, but he kinda grows on you after awhile. ...GoodLuck tO Ya ROCK. Kirk

Is it just me, or did the title of this thread change?

Is she serious? At least she could have said "We give out all A's because everyone here is so smart." This stuff just kills me... Kirk

Hitman, Congrats on making the top 30, asterisk or not. Its a big step in a long journey. I'm sure you'll see the top spot before all is said and done. Continued success, Kirk

Since this isn't a reply oreinted thread, I'm posting to bump it up so those gone for the weekend can see it. I had expected a higher ratio of discretionary traders, but right now its pretty close.

Sorry about the other thread listed as a poll with the same title. This was my first poll and I screwed it up...oh, well. Baron, can you delete the other one? I tried but couldn't. Kirk

Hi All, Since several threads recently have centered around mechanical versus discretionary trading, I have been wondering how many traders trade one way versus the other. This isn't intended to be a debate on which is better. That question will never be answered because no two traders...

This looks pretty neat. Private, do you get good reception? The website makes it sound like it works anywhere in the U.S. If its like wireless though, there will be dead spots. Kirk

Dottom, Ditto the last three posts. While I enjoy reading Hitman's journal and feel he has contributed much of value, in this case, I think he was out of line and completely disrespectful. He certainly can't ask you to respect him when he certainly doesn't respect you. You replied in a way...