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Human nature wants to limit risk by trading just one contract and making a bazillion points daily with that. Limited capital risk, unlimited reward. Who doesn't want that? Reality is, bigger size on smaller gains is where the daily grind works. Even the whales who hit huge scores do so on...

There are a lot of places in the U.S. where cost of living is a lot lower than big-city life. Right here in my town, you can buy a really nice, well-kept 2,400 sq ft house on five acres for less than $200k Not so much in the big cities, but then again you couldn't pay many of us $10 million...

We all have our ideas on what's plausible or not. So let's meet in the middle and assume +5pts ES per week or +20pts per calendar month blended average... any way possible. +$1,000 per contract monthly. Now trade two contracts. Then five. Then ten. Then twenty. Stop right there at twenty...

For the statistical minds out there... If a day-trader actively takes several (or more) trades thru an entire session, there is a 1/3 odds of hitting peak equity curve on first trade of the morning, 1/3 odds peak equity sometime midday and 1/3 odds peak equity on final trade of the day...

if ten days out of twenty you could book +5pts on average, while the other ten days per month washed each other out, you'd have roughly +50pts ES per month Now compare that to an email add I have in my inbox right now from some outfit that claims if you ain't booking +20pts ES every DAY, you...

Now that I'm 12 years into my trading career, I can look back and see that it really does take 10ish years to become a true polished veteran. Before that time I would disagree, because I did not know the difference and quite frankly couldn't see the difference. This trading career path like...

At this point in my career, I'm content to pull +50 cents per CL contract and/or +5pts per ES contract asap, and call it a day. In the past year following that schedule I've enjoyed more actual living than prior ten years combined. There are others who run trading rooms and pull six figures...

99.8% of all aspiring traders enter this field as a means to various ends. They want money and free time to pursue life's true passions. A majority of successful traders are content to treat it as a business profession, as an income producing vehicle to afford living life's other pursuits...

No, not at all. Eventually, all the former excitement and interest and mystery and intrigue turns to veteran indifference. Been there, done that, seen it all umpteen times. Playing give & take and give & take for years on end until it's no longer any game at all. A great example of this...

to "hedge" is to reduce or eliminate potential for profit. all that an option can accomplish is to make a trade position break-even from the onset with nil chance to ever make one dime after dual execution costs, or lock in a fixed measure of profit from a naked futures contract position...

Ok... first of all, there is no way to effectively hedge a short-term trade in futures. Of course that is a natural human desire (eliminate risk) and therefore we hope there is logic to it, but reality is hedging directional short-term trades is impossible. Trying to use cross-market symbols...

blind leading the eyeless, for better or worse

Well, I highly respect the Robbins family = WCA team and consider them all very good friends. That said, the WCA itself is far from an ultimate measure of the top echelon traders in our profession. Kudos to everyone in that contest regardless of standing, but only once in its history has the...

The key to trading includes a combination of self-mastery along with price-action mastery in about equal degrees. One or the other of those two factors alone won't cut it... no edge exists. That's why most traders will always fail. They seek the mystical answers in one place or another, when...

how about don't go long in falling tapes and don't go short in rising tapes? how about buying uptrends and selling downtrends in strategic, unbiased, objective-neutral fashion? that simple approach makes money in any market :)

Yes, and once you master the "key unlock" to trading's puzzle it loses all sense of mystery. Then it's just a mundane,. cash collecting job for us. The other group who trade for adrenaline - self fulfillment - self worth - competition - peer approval => ego reasons all fail in the end, zero...

100% correct... and everyone who ever thinks they can make the risk -3pts to make +1pt concept work over time, loses everything over time.

Only the true pear-shaped losers still actually believe that "systems" (cough) can be saturated with users. 1,000 people could easily use the same "program" in ES and never know one another is even in the market. If you do not know exactly how and why that's an ironclad reality, pretty much...

ok... one of us is on full retard here, it's either me or you. So let's figure this out. The man placed a short trade of three contracts that went -1.75 points against before moving in favor afterwards. Three things... #1: a lot of ES traders including myself use a -2.00 point initial stop...

the OP did not specify anything about writing systems... for all we know, just wants historical data for discretionary trades backward research Ninja charts are excellent on volume-bar settings... if you know how to trade it's simple and if you dont it's impossible. Has nothing to do with...