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I read all kinds of things all over the place about "I make 20 points a day trading the ES/NQ" (take your pick). I wonder if anyone making these kind of claims is willing to prove them? To put this in perspective, if you require yourself to have $10,000 to trade ONE Emini Nasdaq contract and you...

PS, to think that after only 200 trades and $4000 in loses you would discover your edge is stupid. It takes time.

Trading is 100% random if you dont have an edge. Even then it is random whenever your edge does not a apply. Randomness for one person might be the edge for the next. Brandon

<i>But bricklaying is like real work. I mean you sweat, and get your hands dirty, and yuck!</i> Trading is real work too. Its as hard as anything I have ever done. Before I traded I loaded turkies into trucks on their way to the processing plant, and I worked as a sprinkler fitter. Damn hard...

One thing that causes a lot of people to ultimatly lose and be unhappy is not having a definition of success in their heads. So with nothing to gauge themselves by they tend to always see themselves as having failed. Given what the method is and some of how you have approached it you have...

The average full time trader is not making any money at all.

What can I say? The very hardest thing about having a system is following it. You have to trade it without letting your own bias get in the way, or you might as well not trade it at all. Brandon

I would think that the one that handles student loans would be in a similar situation as well. Brandon

GE can be looked at for buying opty. Brandon

I have had a few PMs from people asking what has happened to the news plays, "are they not working?" etc, so I just wanted to post the ones we watched from Friday. It was nothing special, we watched four, two setup for some average sized gains. The news setups are always there, though certainly...

<i>NVR was an outstanding short off 378.00, This one last week spiked down 10 points and up 13 points in an hour. So new Traders Stay clear. </i> Thats like saying you should stay clear of MSFT because it had a range of $1.90 on friday. Its all relative to the risk you are taking. If you are...

Over the course of this year I have made a good amount of money targeting the Homebuilding sector for opportunities on the short side. I feel that we are in a recession that is likely to get worse before it gets better. Real Estate and the stock market have been twin bubbles, each fueling the...

If she (or anyone) could teach me how to do that, I’d sign up in a heartbeat! Make a promise to someone you care deeply about and would do all you can to keep your word too. Maybe a mother, father, son, daughter, wife etc. Write down your rules so there is no question as to what they are...

I see a lot of people posting journal's on ET for public scretenity, or to force discipline on themselves etc. I always wonder how much it really helps the people who did it, if they stick it out long enough for it to help. Doing everything in public adds an entirely new set of emotional burdons...

In every country you will find a small group that has most of the money, most of the power. Why would the world not be the same? The US is the greatest place for someone to live right now. For all of our problems, we are the freest place and the place in which everyone has a fair shot to become...

The CFTC is the regulatory body that controls all futures trading. The SEC can not do anything to f**k up trading the futures for the little guy like they do in stocks. Futures are a very short term (ie traders) market with the average contract only being held a short time (measured in days)...

Is anyone aware of any realtick providers that have access to Eurex, LIFEE, etc? Brandon

Out of all the books written and published on trading, this definatly makes it into the top. Out of all the trading books written on trading psychology I think this is THE TOP book. Trading is all about performance and that is what Kiev stresses, specifically how to take yourself to the next...

There are a number of advantages to trading the futures vs the Spyders. Anyone who actively trades the QQQ/SPY should very seriously consider why they trade the stock trusts vs the futures contract. The transactions costs are lower in the futures, the spreads are smaller, the liquidity is higher...

Does Tradestation plan to add Eurex data to its program? I have called a number of times and some of the people I talk to don't even know what Eurex is. I would think that with so many people starting to trade futures electronically and Eurex being the worlds largest futures market they would be...