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Agree. If surf's up look for a corrective move and an obvious place where the early longs would have their stops. Outside of the first 30 to 60 minutes the market tends to make one false move before it continues it's upward move, or downward should that be the case. Wait until the market...

The best way to trade using stops is knowing where traders place them and taking advantage of that fact. I go out of my way to hunt stops and take the other side of that trade.

$500 margins gives you 10 lots at that size. That's more than enough. The way to manage risk in the futures markets is through proper money management, not stops that will certainly get tagged. I've been trading futures for 22 years and the two leading causes of failure are (1) being...

You are absolutely correct! I have tested this extensively and over time it doesn't matter where you place your stop because they will cause you to lose. If you place it close you get wrecked by randomness. If you place it far away you will get wrecked by one huge loss that wipes out all...

Bravo Texas! Very interesting set of videos (not to suggest I agree with them but interesting, nonetheless).

I can't say that I disagree with anything you've said, especially about the "religious" (not a word I would have used but I understand your reasoning for doing so) beliefs about the Fed but I suspect the Fed played a part in facilitating the Industrial Revolution and also the current...

So without JP Morgan the Industrial Revolution never would have happened? Is that your opinion or does your research support your position?

You bring up an interesting point Random. Has the success America has enjoy over the past 80 years been a case of the free enterprise system or because of the existance of the Fed? If you do a bit of research on Empires and Central Banks that have printed money the way the Fed has in recent...

A nice succinct way of phrasing it that any Elite Trader could understand. The Fed is the most corrupt organization ever divised by mankind. It should be mandatory that every man, woman, and child read "Web of Debt," by Ellen Brown, or other equivalent or superior book on the topic. The Fed...

Be careful here. The IRS may look into whose IP is logging into the brokerage account. Are you trading from work? I suspect yes. Keep in mind, lying to the IRS is tax fraud, which is a felony. Since you're successful trading I would recommend you just report P/L on Schedule D and your...

I've prepared enough tax returns in my day to know that the 95% losing rule is completely untrue. If a trader tries to make it as a living this rule generally holds true but if a trader does it as a part time job to earn extra money the win rate is roughly 2/3rds. If a trader trades any type...

Enough said. I wouldn't trade a system that doesn't take into account the changes in volatility over time.

How do you rate debt when more debt can be created out of thin air, when dollars are nothing more than pieces of paper that facilitate exchange, when taxes can be raised to pay interest on this "debt?" Rating something like this is meaningless. The only true measure of the quality of the...

I stand corrected. Now I will have to think some more. Shit, I'd rather watch Nemo for the 84th time :D

If the two methods have no correlation to one another then if one system wins, by definition, the other system MUST lose and if that is the case then when one system goes long the other system must be going short. If this weren't true then at some point in the game both systems would either be...

I guess insider trading with 1 share or a billion shares is still insider trading but the OP's point is well taken. GS gets away with it because they own the exchanges, the SEC, and the government. When the SEC levied the fine against GS it was to appease the public, nothing more, nothing...

Any site that is ranked 2nd on page 2 of Google has real value. It wouldn't take much to get the site to page 1. Personally, I think the OP is missing the boat by not coming up with some sort of business strategy rather than just flat out selling it.

Whoa Trend! I hope they are not investing "all their savings." Your words. The first question I ask when interviewing a new client is what % of their total net worth will be invested. Trading futures is so risky I would not recommend you take more than 10% of any one person's free cash flow...

Not many but you don't have to make a living at it to be successful at it. Trading is my primary source of income and when people ask me if they should try and make it full-time I answer them with a resounding, "NO!"

Then I would charge 20% and skip the management fee. You shouldn't guarantee a 5% annual return. Your investors should be fully aware of the risks involved in investing in such a fund and be ready, willing and able to accept 100% of the losses. I understand the friends and family problem you...