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<b>saxon22</b>, most if not all of us here meant you no disrespect. I applaud you for spending the time in research to at least come this far with a trading plan. You began this thread by asking (in open fashion) where the holes might be in your research. Some of us with real trading...

I've traded about everything possible in my life, and learned that all of them take my money easier than give any back (laugh) I settled on emini futures for many reasons. Leverage is one. Skilled emini traders can make a lot more money on much less working capital than stock traders can...

Wallace Wattles, Florence Scovill Schinn and Norman Vincent Peale were all teaching similar concepts at the same period in time. The latter two based their teachings on God; Wattles did not. Bottom line? All three explored similar belief systems followed in Asia for millenium and also North...

Fine job, <b>Buzz</b> :>) Posting trade calls in public, real time is not easy at all. You are to be commended for the efforts, and I wish you all the best going forward. Austin

A woman in my town (Donna) bought some type of limited edition Dodge SuperBee as her very first car, back in the late 60s. She drove it for awhile, collected her share of speeding tickets and was forced to sell it for $5,000 at the time. She and her (now) husband have parlayed different...

<b>freewilly</b>, I think you'll find that FX trading sucks between 8:00pm and midnight EST. That is probably one of the worst four-hour stretches to consistently trade currencies. If I were limited to your hours, Globex ES or NQ trading would be my choice. The opportunities will be limited...

<i>Once I stop bailing on winning trades, I'm pretty sure I can do the same with 1 ES contract.</i> Yes, trading really is simple as that. Hold the winners fearlessly (dare I say, gutsy fashion?) and you will reach every financial goal in mind. All you really need to do is stop bailing out...

<i>Trading a specific strategy, then adding another is a form of diversification and properly executed this tends to both lower drawdown and increase profits. The "tradeoff" is the extra work to find a system that complements your primary, and can be executed in real time.</i> I have seen...

It's official: the Miami Dolphins are winning this year's SuperBowl at home, or I'm leaving ET forever. I realize they've given up a few sacks so far, and the running game isn't what it could be. But... rumor has it that Art Shell will be fired with one more loss this weekend, and he would...

<b>Gutsy</b>, your journal here is a positive effort towards self-discovery. From what you share with us, you are a struggling trader with self-imposed deadlines to create success. Or else. Every person reading your thread either has or should have great sympathy ~ empathy for your plight...

<b>Thorn</b>, with all due respect to you and <b>Pabst</b> on this specific issue, what type of public reaction did anyone expect? Someone posts an absolute bet and backs it up with a personal guarantee. The bet loses, human behavior waits to see what code of honor is followed. A samurai...

<b>Thorn</b>, back in my index option days, predicting future market action seemed a necessity. As a pure intraday trader, it is 1,000% irrelevant. Having a bias or expectation as a day-trader is no asset at all... it's a huge liability. Too many emini traders far smarter than me <i>felt</i>...

<b>Saxon, Trader273</b> answered your question to completion. The odds of you booking +.25pts are exactly 50/50. There is no possible way to increase the odds of random chance, because you are asking for an either/or result at any arbitrary moment in the market. Please look at a one-tick...

Maybe the better question is, "why limit yourself so minutely?" It's a whole lot easier to pick off +2pts or greater than it is to profit from .25 moves, unless your win rate is 90+%

Learn to change <i>in</i>correct thinking to correct thinking, and it will reflect directly inside your P&L via 180 degree change. Napolean, et al had it right: learn to think properly, profits will follow. Today was all about buying the charts, looking for pull backs and/or breakouts all the...

If I didn't already have some proverbial "feel" for the ER's behavior (feel is defined as experience over time) I would absolutely trade the NQ if starting over myself. ER is very tempting, but tricky. NQ will offer more steady, methodical movement over the course of time. ES would be my next...

<b>gutsytrader</b>, I appreciate all you've written & shared inside this thread. Thank you for that. I do have a question for you: Say you were looking to hire a professional trader to manage your own personal funds. The first person to interview for that position is <i>gutsytrader</i>...

For a very similar reason, I stopped trading anything on the CBOT in January 2004.

Was it possible to partially hedge YM contracts with ES contracts at IB? One - one ratio they correlate highly... maybe not a perfect hedge, but darn lose. When CME goes down I look to offset ES or ER with YM contracts first, or S&P futures in the pit after that. BTW... I personally use...

Steve, 100% credit of your previous costs years ago are applicable forward. More importantly, the ER itself is most dynamic of all emini markets. Traders gravitate to it for the "juice"... ability to make big swing moves several times per day, relative to other emini symbols. It also takes...