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You really can't mix and match the terms "system" and "method" -- they are simply different things. I work with a method that because it involves a fair amount of discretion can adapt in many ways without me changing the shell -- the basic methodology -- I use. You are talking about a system...

I agree that there is still no name of a futures broker and that is encouraging. That said these are uninsured accounts that depend on THE FIRM segregating customer funds from their own and additionally policing their customers in a way that insures that one or more larger customers does not...

I assume (although I do not know) that ETF's need to roll contracts as well exposing them to the same type of "erosion" that you have suffered. But, I f I am incorrect in assuming that, and your only problem is exclusively counterparty raisk take a less emotional stance toward that risk. If...

I was not suggesting cutting off the thread -- just not responding to insanity.

Why is anyone responding to this jerk off?

On 11/20 in this thread Dreamer said: "Only thing that matters is expectancy". He is 100% correct.

One of the reason some well off traders have multiple accounts is because they will use one or two to concentrate their most speculative positions (overnight holds) and another one or two for their more conservative positions (daytrades, spreads etc.). They will never keep significant sums...

In conversation with a well known grain trader 20 years ago he told me about Chernobyl. Contrary to what most think it is actually not in Russia but in the Ukraine which has been Russia's bread basket for centuries. Russia's supply of wheat was always dependent on the harvest in the Ukraine...

Tell that to the guys who were short grains when Chernobyl melted down. I think your attitude toward markets -- "with the right tools, you can't lose" -- qualifies you for a padded room. You are delusional.

Take Vista's advice. It is right on the money.

Contrary to popular belief in cash games (or what is commonly called a ring game as opposed to a tournament) the biggest stakes are generally limit games. As an example what is known as the "Big Game" is at the Bellagio in Vegas starts each day in the early afternoon and is a $1,000 - $2,000...

So does Bill Clinton but we don't agree with him either!

Thank you Dreamer. Expectancy is the key.

First of all I did not refer to a 70% win rate ... I said "70%+ of their trades". Note the plus. That type of trader will frequently move his stop up 3 or 4 ticks if he is one tick short of his goal and the market just hamgs there. And lastly my original question was 6,7 or 8 ticks. I was...

I assume you mean more orderly than ES? What size stop would you typically use on 30 minute breakouts?

It appears that there are some scalpers that risk 8 ticks to make 4 or 5 and win on 70%+ of their trades. I take it you are skeptical that it can be done consistently?

Is scalping NQ for six, seven or eight ticks a reasonable thing to do or does the high ratio between tick size and commission (I pay $4.50 RT) make it problematic. I am still relatively new and trade a single NQ contract at a time looking for three points or a bit more on a five minute chart...

I think there are few who would disagree with his basic formulation. Yet I think that you can only be Capernicus once. At some point once the knowledge/wisdom is a fairly accepted truism you are just another guy acknowledging what everyone already knows -- the earth revolves around the sun...

Interesting. Nine years is good enough for me to regard yours as expert opinion. Thanks.

Is the IB feed complete enough and timely enough? I heard complaints about it months back but I don't know the current status.