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you didn't generate 100k you generated 80k you pay taxes on the 80k it's that simple.

AND the spread. that is the third difference ES has an inferior spread to YM, and that is an extreme cost measure when scalping mebbe when the CME and CBOT merge it up etc. the ES will move to the same spread as on the BIG S&P. it kind of sucks that the big S&P has a good spread and...

i gotta agree about the trader who made the comments about futures trading (intraday especially) and percentage returns in my INVESTMENT accounts, i pay attention to returns vs. the S&P and sharpe ratio, etc. but in the futures account, sometimes the #'s are so obscene that it is kind...

trading is completely different from investing. the 90% refers to TRADING, not investing the overall bias of the stock market is UP, and the average investor goes long only. a basic investment strategy of dollar cost averaging over time, even with ZERO attempts to actively choose stocks...

i find that looking at the order book (at least in the YM) is almost useless (for me) or even worse for determining anything. simply put, there is way too much fake size, gamesmanship, and algos showing size to have any utility i DO pay a huge amount of attention to PRINTS vs. orders that...

scriab, you are 100% off base. ursa otoh, knows this stuff scale trading on a STOCK can work 100X in a row. until it doesn't. and you get wiped out. cause a stock CAN go to zero, or close to it and never return. check out a chart of VERT and tell me how well scale trading would...

"I would be surprised if more than 2 or 3 people on thoe whole of this site have been long oil for the last $40, or long gold since $350, long Japan from 10,000 etc. This idea that position trading is easy is just folly. " i, for one, was long gold as of 1999 i had no idea what daytrading...

ursa, if you are going to get all up in arms, you need to research echelon etc. and realize this is NOTHING new and was going on extensively during the clinton years too

bingo... i traded SPY and DIA before I ever traded YM it was also testing my setups on DIA vs. SPY that led me to the conclusion that dow was superior for my setups note also that DIA and YM have the same spread technically speaking SPY has a superior spread to ES, since it trades in...

also note that SPY is a proxy for another supply/demand proxy when institutions want to buy STOCKS qua stocks, they buy the S&P. since SPY *is* the S&P, the same supply/demand curves apply any trader recognizes that different instruments and different indexes and different stocks for that...

while you might have some merits here, consider the following patterns develop etc. because of the actions of traders and investors, hedgers, and speculators, etc. the VAST majority of an individual stocks movement (on average)is attributable to the overall market direction, and to the...

"Think about this >>>>>>>>>>> most days during the next day, the previous close will be recrossed during the next days regular pit session hours. Now i have never researched that and if anyone feels up to the task maybe they could tell us the results. (ES)" i have no idea about the ES, but i...

for bluestreak (sp) there is nothing "crooked" about buying low and selling high. yes, i know it's all "manipulation" whatever your obviously involved in losertrader mentality. the market does what it does. it doesn't care about your grand unified theories

i have literally never even used a limit stop in a "normal" market, i almost always get a fill on my market order stop (in the dow minis) at the price i set my stop at. occasionally, i get one or two ticks slippage. oh well this is preferable to having the order NOT fill and losing...

if you are going to (daytrade) futures successfully, here is my input always determine your stop BEFORE your entry, and set it upon entry (or even before) period stops are NOT discretionary, and don't use "mental stops" it is perfectly acceptable to move a stop IN (trailing it), but...

absolutely, then stick to the contract that works with your setups. my setups work SIGNIFICANTLY better with the dow than the ES. interestingly, they also work quite well with the Nikkei the Nikkei and the Dow are both price weighted. the ES is cap weighted. i am not sure if that...

IB also won't let you open various account types, if you put your experience down as (i believe the wording is) minimal, or whatever the lowest setting choice is. i manage several accounts as an account advisor, as well as 3 of my own accounts via IB and I like the way they operate. the...

i don't use the "same method", but i similarly scalp the index futures, for small targets. i also take smaller (initial targets) than my initial stop loss and scale out, like your method that works for me however... if you are scalping for 3 ES ticks, you are MUCH better off (ceteris...

btw, scria you are 100% incorrect markets do not have to be zero sum any more than economies have to be if you believe that an economy cannot create wealth, then you are wrong, but at least you are consistently wrong it is amazing the fundamental error you make wealth CAN BE and...

we' ve already explained this in a thread i will make it brief "zero sum game" is an invented term that describes a SPECIFIC kind of "game" i have spent years studying game theory the stock market is NOT a zero sum game. period i suggest you actually read up on what zero sum...