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Here is the math: With a $2,000 account there are numerous firms that will allow you to trade three ES. That is well better than $200,000 in notional. Do you want/need more leverage? I'm suggesting you not only don't want or need more leverage I am suggesting only an insane rookie would use...

I am not making the case that NYC is a well run city fiscally ... it is not and has not been in my lifetime. That said, 5G is tip money in this town. What might be real money in East Bumuck is really not a lot here. To put it in prospective 15 years ago I was in a friends house in a...

You would need to explain more about how you trade. As an example if you are a PA trader then you will probably use PA to get you out of the trade it got you in to. I'm not sure that money management is the right way to look at scaling. To me MM primarily revolves around how much you are...

While I trade CL, I'm not a regular participant in this thread. That said, I feel what you've said here deserves a comment. Unless you feel you have an edge you might be better off trading in SIM. Hard enough to execute consitently when you have an edge but not having one simply leaks money...

I urge you not to think of a $3 reward based on $1 of risk as a small reward ... it is not; and conceptualizing it that way might lead you to believe it is easy to acheive. You must also keep in mind that a test implies you are testing something and that something by definition must have...

If you can establish a consistent methodology to daytrade the emini you don't need a prop firm. You are already working on 100:1 leverage (if you choose to) and you not only do not need more leverage you should not use what you have available.

When Japan blows up it will be unlike anything we have seen in modern times.

From what universe do things like this come from?

One could read this thread and think the only economic calamity a society needs to avoid is inflation. I'm reminded of the ecomist who was asked just how bad a depression could get if it all went wrong. His answer was: Do you remember reading about the Dark Ages?

But the hypothesis the OP presents is a profit target of three times risk.

Exactly.

You are not seriously suggesting Bezos is the bid?

I think he mean transactional pricing as in paying a fee for each transaction but no monthly fee. Email or call TT and/or CQG and ask.

History is a gallery of pictures in which there are few originals and many copies. Alexis de Tocqueville

What makes the end game so interesting regarding Japan is that all the scenarios end up at extremes. Call it what we will, effectively, the way out involves jettisoning the debt and, in effect, is a bankruptcy. We are seeing the effects of a xenophobic society that could not tolerate...

Using 10% of NAV is certainly too high. Splitting it to a five and five for the add on helps and you should, at a minimum, do that; or better yet consider three and three. There is always the risk that results will change but the first round with real money is a dangerous time and, as my...

Surely he knew they were, as all points of power are, political institutions and just as surely he understood that they would hand out cheap money to the ruling class. But what system is able to prevent the ruling class from using their political and economic might to wring largess from the...

Clearly Hamilton's vision won out over Jefferson's and just as clearly it won out because the alternatives to a central bank did not mean any more equality than having one. J.P. Morgan was able to put a consortioum together during the 1907 Panic that, in the aggregate and at his direction...

My apologies. I'm not all that concerned with QE on its own just that it has become the long term life support that is needed. It is the fact that it is needed that concerns me. Healthy economies in crisis sometimes need the shot of adrenaline but little more after the first year. The...

lol ... I don't get to get change history so I need to work with the "TARPLIKE" events that I know of. They key is there are few voices in our media that have any sense of it at all. I can see you are quite the critic. Try throwing a bit of substance into the conversation; you might enjoy it!