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Yes....definitely depends on strategy/mkt traded as well as costs. When I traded at Refco we paid very little commissions (I think our round turns went down to like 20-40 cents on futures)..was not a factor. I know guys today who pay 5.00 RT. Now while they are trading their own cash and keep...

I agree with the last post. While it does protect you and is a defensive way to trade, it will take you out of potential winning trades. I think the most important thing after putting on your trade is to find the price/area where the trade is "wrong" and put a stop in. Then let the trade...

Surf is hilarious. He finally catches a nice move and now is telling everyone how to trade. Funny how we dont get these sermons after he gets rolled for 15 sp points. Surf is a good guy...but taking trading advice from him is like taking advice on how to hit a baseball from a guy who bats...

The bottom line is this: If a firm has a good strategy, one that they believe in then they should take the time necessary to interview the right people. Once they get the right people, teach them, back them with THEIR money. Plain and simple. If the strategy is that good they will make...

Ego and confidence are very different things amigo. I hear ya on the big waves. But why stand in front and get rolled by a big wave coming straight at you ? Why not let that wave pass, jump on, and ride it to profit beach? Have a good weekend, I hope they destroy this market for ya.

Have them all the time. Gotta have losing trades amigo. Outside of his ego and trying to impress using big words, Surf's a good guy. Hell....I hope the guy one day learns from his mistakes and figures the game out. I gain nothing by him getting clobbered every time.

GREAT POST. You said it all. The #1 downfall for a failed trader is desire to be right no matter what...showing no regards to price action and risk mgmt. I have seen so many traders blow up because they get an opinion, get stubborn, refuse to take the loss....then get carried out on a...

Not surprising that most funds had a rough March. Huge whipsaw moves could have clobbered both TF and mean reverting funds. Which is what happened. The volatility was so short lived and violent it hurt everyone.

Surf is so sad. TF's have a LONG history of great success. Poor Surf cant handle it. His jealousy is hilarious. He praises guys like Vic Neiderhoffer , who have lost all their clients money not once.....but twice...and are out of the biz....but tries to trash the TF's who are still going strong...

Surf...your act is old. You have a hard on against these guys because you and fellow blowout trader Victor Neiderhoffer don't understand how their methods succeed. ANY time there is a downtick on TF's performance you come on here with your anti TF pom poms and cheer away. At the end of the...

What is Dunn's long term record? I mean if you are gonna trash guys like Dunn by only looking at March results, then lets only look at RN's March results.

Yeah...Dunn's investors must be livid: 2011 (3.19) 2010 30.75 2009 (.58) 2008 51.45 It's hilarious how you trash trend followers when they have their first drawdown....but go into hiding when they do great. March was brutal for a lot of funds...your boy VN's brother got...

That strategy can blow out an account real fast. I dont think losing 10 handles on 3 minis will blow up his account initially. But...he does the same thing every time. At some point that strategy will empty his account. Big losers on bigger size vs smaller winners on smaller size is a disaster...

Not at all. But if you look at his strategy it's beyond flawed. Continually adding to losers as they go against him is a blow up strategy. One where his biggest positions are well against him, and his smaller positions are in the money. Recipe to go broke trading. Hell..he seems like a...

The problem with a guy like Surf is he is anti-trend trader. Loves to step in front of trains. Then he claims he is basing his calls on fundamentals and heresay from "insiders". This is a recipe for disaster. He will always take a ton of heat making his top and bottom calls. His strategy...

Back when stocks traded in 1/8ths if you missed a bid you got filled an 1/8th lower. So if you think about it having slippage of 12 cents or so is really the same as things were before decimals. So is it really that bad? If you really want to bitch about something bitch about going to...

Surf is that you? You are back huh? Damn...... Change or be changed...I like that.

Here's an idea. Quit scalping and do more of a swing trade. A lot of former scalpers I know adjusted and are doing great swing trading. Either change your ways/find new strategies, or get crushed by computers who are much faster....ergo...better scalpers. Whining and crying about it isnt...

1) Depending on what you are trading you must accept slippage. Otherwise you are gonna miss some great trades. 2) Adjust to get comfortable, or quit. Aint a perfect world dude.

yeah...I traded ags/commodities when they were still doing all their size in the pit. Like you said..worst was if they hit your stop during a big move. The phone would always ring and you knew you were gonna get the low tick. Stop placement was critical back in those days. When I traded the...