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Very nice link, mhashe. Thank you.:)

a. yes the emini futures correlate almost tick for tick with the Nasdaq 100 index. If the index advances 10 points, you can expect the futures to advance about 10 points b. your numbers are correct. Each contract changes $20 with each point gained or lost. If you sold 10 contracts at 1425...

I am constantly amazed at how well an experienced trader can do with small amounts day trading futures. The leverage and the potiential returns are absolutely incredible. It's not out of the question that you could take $2500 and turn it into $50,000 within a year trading futures. good luck

tough crowd around here :p I have used the TRIN as a good sentiment indicator. I have a 1 minute chart with 10m and 33m EMA's. The direction of the MA's are a good indicator, especially during afternoon trading. However, I respect the prevailing opinion here that price is always...

Which one of these indicators is the best for indicating market direction and sentiment?

for many months I watched side by side charts of the S&p 500, Russell 2k and Nasdaq. From my expericence, the Russell 2k has less whipshaw and false breakouts than the other indexes.

fwiw... Looks like the Nasdaq will gap down this morning by more than 10 points. Ran a quick history check using data from now-1990. How does the Nasdaq trade after gapping down 10pts or more? Specifically, can we expect tomorrow’s close to be lower than today's open? Results...

Another reason I prefer day trading is because the markets appear to have settled into a trading range. Since Jan 2004, the Nasdaq has only traded between 2191-1750 Quick turnarounds have become the norm instead of more sustained trends. Too many times, I have watched swing trading...

I prefer day trading because I don't like to hold positions overnights. Too many times, I've seen important news announcements occur after hours. Suddenly a long position can drop drastically in value overnight with no chance to sell. When I do hold overnight, it's almost always index...

Ameritrade is giving me 4-1 buying power for day trades. I've got $35,000 so I can buy $140,000 worth of stock. Are their off shore brokers that allow more than 4-1??

The best MACD trades are when the MACD is negative and then makes a strong upward break across it's signal line. Works best on a 60 minute chart, methinks

thanks for the response, guys. Well it looks like I may not be under capitalized after all.

How much money do you use exclusively for day trading?

I just got introduced to the world of trading currencies. Wow! To me, it looks much better than day trading the stock market. Minimal capital requirements to trade 100% Margin 24/7 trading 5 days a week. This looks like the trading vehicle I've been seeking. Anybody here...