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ND, I know you trade CL (I read the thread frequently) and you seem to be looking for 20 ticks now that you are letting you trades run a bit. Given a 20 tick objective can you tell me how much heat you are typically prepared to take? I don't mean where you might place a catastrophic stop...

I seem to recall hearing the number 61 years ago. It really was a very big, broad war.

Doesn't the fact that almost all -- if not all -- the Forex houses that handle one and two thousand dollar accounts are thieving whores who reach in and steal the clients funds as if they were pickiong grapes mean anything to you guys. C'mon .... tell these new guys the reality. I'm not...

I've used SC charts for years and have always been pleased. I am about to try them as a front end and suspect it will be fine. I will give my impressions in a few weeks.

Does anyone have experience using Sierra to execute. I'm very pleased with their charting capabilities but have never used them as a front end. Any comments?

Excellent way to look at it. Except when I bring back those memories the screaming in the middle of the night wakes up my wife!

This is like hitting a masochist with a whip or a paddle. This douche bag loves the abuse. Should he simply be ignored?

Never back off when you are winning the battle. You'll do best early on in trend days and it is precisely those days when home runs happen. Have a hard limit on losses and big aspirations for profits. Big aspirations for any trade that is not designed as a scalp, big aspirations for the...

chartman, You are correct ... your information is quite outdated. Segregation is required (although that does not mean it always is properly done or done at all) and regulated. And I believe (but do not know as fact) firms like IB sweep money at days end that is not posted to their...

Care to hazard a guess as to the percentage of traders here at ET that trade fewer than 2000 contracts in a typical month? My bet is that it is more than 80%.

I had a conversation with Howard yesterday. Frankly, the rates are simply too good not to check it out. He's a knowledgeable guy, speaks frankly and offers to a wide range of platforms at fair prices. He clears through Crossland and while they are not a major clearing firm their regulatory...

In theory you may be right -- although frankly I don't see how you can have a positive expectancy playing almost every hand unless almost means something different to you than me -- but in practice that's rubbish.

The biggest difference -- and it is a huge difference -- between poker and trading is that for most of us, in the size we trade, our trades are are virtually always faded if we choose liquid markets. If I sit down in a 10 seat ring game and only play extremely high quality hands the two or...

It is my understanding (although I do not have personal experience) that an account that generates $50,000 or more in yearly commissions is large enough for most brokers to negotiate better raters than ANYONE posts. Decide who fits in terms of counter party risk and then talk to them by...

Dynamite post. Many thanks. I have seen few better than this. Happy New Year!

One of the execs forced out was John Meriwether, a vice chairman, who later brought us the Long Term Capital Management debacle. The crew at Salomon at the time was the best and the brightest in the debt markets of the 80's and early 90's. No amount was enough for them.

Salomon Brothers corned a note issue in the 90's. This is not so different except it brought Salomon to the brink of failure. Buffet came in as the White Knight.

Faber, like the other pundits, is a total waste of time. That said, it is a golden era to be a doom and gloom seer. It seems hard to be wrong.

It may be past the point of averting collapse but even if it is not these words are words to live by. Those in DC are largely clueless.

Nice to see you Ghost. I am very much in agreement with your European take. I think not only are the catalysts drawing closer, I also think that the crack of Europe will be THE catalyst that ushers in a period of widespread fear and possibly even panic. These markets are still overextended...