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you obviously don't trade futures... or you don't trade them very well as of yet

In the example given which is a thread archived for posterity, I believe lescor average something like 2/3 profitable days and 1/3 loss days... or worse. At times he had four losing and one winning session all week, some entire weeks were net-loss. The idea of successful traders => super...

that is the usual false assumption of way too many flailing traders... that in this profession you either net-lose or make multi-millions and there is no in between. Truth is there are many individual traders successful in between. For a local example of that, revisit Lescor's 2010 trading...

It was an incomplete statement, actually. Everyone else was left to decipher much about the logistics involved. Personally I assumed it was just the 167th troll-sparked thread and only replied for the sake of everyone else reading, in case that was the fact :) The individual stocks traders...

Exactly. Much was assumed and piled on from individual viewpoints. If someone wants to roughly benchmark a day's average earnings, they should target 2x that IF both numbers are within the realm of price-action reality. For example, saying someone wants to average +10pts = $500 per day...

fwiw: I spent two long, full years of my life in the systems writing world, complete with leasing some 3rd party software for $3,000 annually to run computations until the proverbial cows came home. I often had three computers running different variations of the same concept data-mining all...

Your assumption of 100% non-correlated is flawed... unless you are taking both sides of the same general instrument. Then all you've done is fully hedged a trade, and the term "hedge" truly means "no further profit potential possible" in reality. There are no markets 100% diverse all the...

The only "gurus" I ever see who post frenetically with attempts to forecast = predict price direction every minute of every single day are the addicted posters of every trade-call thread in this website forum.

definitely. hedge fund managers and at-home retail traders have less than zero in common, starting with performance percentages of annualized gains

You happen to be mistaken on two counts First, the days of selling anything for $10,000 related to trading ended years ago. There aren't any cash-rich newbies willing to toss out $1,000s every which way on a whim. This is 2012, and it's a whole new world in the trading realm. Second, a...

$500 day x 21 trading sessions per month = $10,500 monthly $10,500 monthly x 12 = $126,000 annual or +252% linear $50k can leverage five emini contracts at $10k per contract +5 points NQ per day on average = +$100 per contract / +$500 per 5-lot turned All that above is easily doable...

... and for all those who aren't... the real key patterns can be objectively measured and agreed upon by everyone who knows how to read strategic price :)

Before I began day-trading, my ten-year career was a trucking operation that removed waste tires from anywhere they needed removal to the end streams of recap, shredding or recycled use such as go-cart track edges, etc. I handled literally a million tires in my time... on the trucks, laced up...

But in the end over time, all that data mining is nothing more than curve-fitted thru a certain period of time. All those models Conners ever wrote and then every system offered by TradingMarkets has summarily augured straight into the ground. Successful trading is incredibly simple: you...

I do... waiting for a video to cycle thru camtasia. Damn things seem to take forever :) Gaps are meaningless when it comes to a day's bias. There is no edge there at all, period. The open-range can tell you much. One of many things would be directional bias. When the eminis lost...

If you happen to use NinjaTrader charts... let me automate that process for you :)

You missed my question. I was asking about the reference to Don Miller and what your point was there. I couldn't tell if you used his example in a positive or negative aspect. fwiw I did pretty well in english class, but could not comprehend what you meant. I don't know about QEP and...

Not really sure what your point is here... considering the jelly program went belly up. Is that what you implied, or are you somehow suggesting Miller was above all others? I see waaaaay more public message-board b.s. than you have ever seen vendor talk. The stuff that passes thru these sites...

yes. definitely. and once you understand that, more like 70% - 80% "work" according to tradeable preplanned expectations

Actually, they don't. There are fewer small-spec traders in the ES today than at any time in the past ten years or longer. That's why we see price action move from buzzing chop to program spike to buzzing chop to program surge. Also why we now commonly see longs filled at the bid and sells at...