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You really need to get to the point where you are so confident in your system that it virtually trades itself, when it almost feels like the system is using you and not the other way around. This comes from months and months of putting your techniques to the test, so it's almost like a...

The simplest way to get comparative results is to just take % gains after commissions over a given period of time, with the caveat that returns on a five-figured account cannot be compared with returns on say a 7-figure account, especially on a shorter-term time frame. But the reason that...

Sarcasm aside -- is that 1pt/contract/day before or after commissions? If it's net after commissions, that works out to about 2.5% daily or 63% gain monthly using 2k equity/es contract -- not bad!. If it's before commissions, then 1/pt day doesn't really mean much until you count how many...

Put 2k in an IB account, you can trade ZN or ZB intraday for about 800/contract -- you'd have to be right on your very first trade tho (and very very frequently thereafter, if you plan to stay on that kind of leverage) :)

I've known a few people who do that with scary regularity, they have an edge which they exploit almost every day -- the leverage accomplishes the rest (one guy trades 1 NQ contract/1500 capital). Each month they remove the profits and start over, so they stay small and don't compound but enjoy...

That's the thing, with that kind of performance your account doesn't stay 5-figures for very long; however, I think it's very possible to continually turn say 20k into 40k month after month on intraday futures trading, you don't need anything near a bubble to achieve that.

If one has a true intraday edge that can be applied consistently, with daytrading leverage for futures being what it is, triple digit monthly returns are well within reach for smaller sized (5-figure)accounts. It's when you start to get buy signals at 12:45 on an August Friday and you have to...

Thanks for the quick response! :)

Someone once posted a link to a shareware program which could record your screen into an movie (like a real-time printscreen) -- anyone know where I can find this?

Agreed here too, look at what happened to Corey Feldman/Haim :)

I remember when IB had max position sizes based on how much your liquid net worth was -- you needed like 1 mil in assets to buy more than 7 eminies :p

Just different ways of looking at it I guess-- for me each trade, no matter what pattern, signal or trendline I look at has the same stop, because I'm always trying to enter as close to the failure point as possible (in other words, the only good setups for me are ones that fall within a certain...

There's hundreds of ways to skin the proverbial cat, but in my experience it is having a variable stop loss on any trade which is a recipe for disaste. A fixed stop is by all means a viable way to trade; the way I think about it, every trade I enter (at full position) I am attempting to pick a...

up now :confused:

same here :eek:

I don't think many people actually sit down and figure out their average/day, then think of that as a ceiling -- the ceiling more likely comes from achieving a certain monetary goal for the day, then getting nervous or just stopping because they don't want to see it get away from them...

BKX was the weak index last week (note the lack of a breakout when sp broke over 1000), this morning was pretty much a flush out after an extended drop in the financials. The problem for the bears was that it took a 3rd day of heavy selling in the financials to break down out of the range in...

He may seem like he waffles abit on his daily market looks, but what else can a trader do when giving an honest opinion? I think his site is one of the best values on the web when it comes to getting insights into what a typical hedge fund looks at throughout the day. Obviously, if all...

The issue is really this: why start out with targeting 1-2 pts in the first place? Hopefully you're not targeting smaller moves just because there is a greater occurrence of smaller moves during the day -- that is just an "illusion of opportunity". The way you learn to catch larger moves...

Still don't know how people target 1 pt in ES -- how do you separate noise from a well-executed trade? Last I heard, no one gets rebates for bidding/offering on globex, so there's no equivalent to those penny scalpers on stocks. Forget winrate and learn to capture the larger intraday...