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You are clearly trading through a bucket shop and not on Globex. The tip off is you are "trading pennies". You are probably being robbed and you should get your account balance back to your bank and then look for a broker that is for real.

It is an interesting intellectual exercise. As long as you realize the limitations you should both have fun and learn some things. Have no doubt there are plenty of dead loser gurus. Like pretty much all of them!

He has it right. You can't just fade a loser to come out a winner and his reasons cover enough the major drawbacks to your plan that from his post alone you should realize your experiment is doomed.

I think one additional piece of input would round out the equation in a way that will lead to a more useful answer. Let's say that my trading produces very steady and acceptable returns, provides for a lifestyle that I enjoy and my equity curve heads north in a fashion that shows me I am on a...

Thanks fan.

Could someone post (or send by PM) a chart of the pit session for 3/29/11. I am trading only ES at present so I have no access to CL data. NoDoji has, in another forum, posted some setups for that date that I would like to take a detailed look at. I think ES is a pain in the ass but I am...

If your contention that "idiots make money" is true why are you not shopping for "idiot pills". C'mon man ... read what you are saying and then get a grip. If your contention is that your logic is sound and what proves that is your tenacity in clinging to it despite that it produces consistent...

I'm told there are places you can go for an hourly fee to deal with that masochism -- psychiatric clinics or whorehouses. Take your pick. They seem much the same in my mind. And no matter which you pick it will be cheaper in the end than getting in the habit of making all-or-none bets...

Why would I want to take speculation out of any broad liquid market? As long as there are clear rules and anyone who chooses to can buy or sell speculative demand -- and/or supply -- is as good as any other.

Picaso ... Even though I rarely post in this thread (I do not trade CL) I follow it frequently and have always been treated courteously by all here. And a few have taken the time (you know who you are) to give me some good advice. You are working hard to learn a pretty demanding...

Why would you execute 50,000 trades over a ten year period through a firm you say sucks at every turn?

I second the prior opinion -- Al Brooks. http://www.ETisagreatforum

I agree with the statement yet I wonder what percentage of those that do trade 100 lots do make 1 point or more a day?

What ... no massages? LOL ....

The list has a number of clear biases: It values quieter, smaller and slower. For those that have a preference for that style of life it might be a fine list. But for many of us world class cities are a preference -- NY and London are prime examples in the West -- and they tend to be larger...

jem ... being born and raised (and probably going to die) in NYC has not made me the most trusting person. I think Al is a completely straight guy with no agenda to deceive. The purpose of Al's room is educational not as a place to follow calls. If someone is seeking to learn the nuances and...

Do you think he is encouraging his kids to teach school?

I am a New Yorker. I am obviously not enthralled by low density environs so maybe my world view is suspect. But any imbecile that can rank Pittsburgh as the best city in the US has either never been there or has simply no sense of what makes a city interesting. I'm sure it is a fine place...

Before anyone gets the wrong idea I essentially agree with Wisconsin's governor -- public employee costs must be curbed and the time to do that was yesterday. But today on Morning Joe, Cramer's comments were inane. He said that real estate taxes were so high he might have to sell his home in...

Good show! I am a marginally profitable -- read pennies -- somewhat new trader. I have a sub $5,000 account but will a good chunk of capital behind that. My limitation is skill not capital and yours is clearly capital not really skill. You have found a low risk (at least low risk per...