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I agree with that 150%... and one needs to define the term, "trade for a living" to some standard of measure... The median annual income is $30+K as profiled here: http://en.wikipedia.org/wiki/Median_household_income So with that as some sort of basis to work from, it would take +300 cents...

No. "Dreaming" is the key word here. If anything like that were possible, EVERYBODY would be following someone else in the same manner already... for years on end. Why wouldn't we all? As for the mean-reversion fallacy, that whole concept includes many small wins and few large losses, loss...

two of the biggest failure traps that ALL traders fall in and too few emerge from: #1: a belief = desire = need to trade all day, every day, every market wiggle, every blip, every twist and turn. Until a trader realizes that approach is false, they will keep themselves forever churned...

reality check for those wandering eternally lost in the desert, following blind leaders :p

What difference does that make to you? The objective was to make you a profitable trader... and you are a profitable trader in this example. Bottom line: the market doesn't care who does execute, who does not and who cannot. The market rewards for personal performance, only. Too many...

Simple brain teaser: what if you watched someone dazzle you with perfect buy & sell signals consistently, full explanation and disclosure of every signal called. You learned said information, took all those trades with x-number ES contracts in your own live account for net profit results in...

Whether anyone likes it or not, the truth is the truth regardless. Most "traders" who post on public message boards, on twitter, on stocktwits, etc are not profitable. There are not (yet) successful if ever. A good rule of thumb is, the more they post & boast in public with no monetary reason...

there is a slight but profound difference in CL versus 6E CL will often, very often blow right thru trade-entry signals and never look back for a second chance. You might get stopped out two - three times for small losses but only need one solid win to profit overall for the sequence. Then on...

That's all true... and so is this fact: choosing to trade the ES as a 1-lot trader is the worst possible choice someone can make. The ES is by far most sideways, congestive and choppy tape relative to all other markets. Any given trader of whatever skill level and whatever method or system...

"Vendors" who don't show proof of trade results are labeled as frauds by the perennial losers here. But showing results is labeled as esteem / ego issues... which in truth is what those who make empty market calls for attention & praise are seeking. So riddle us this, Steve... why were the...

No -$4k days so far in 2011... although a fair number of + days larger than that. This morning was a struggle: chopped hard in CL,-1000 there and quit. Sold ES repeatedly and caught enough for +2000 / +1005 net Maybe done for the day, will have one more look at 2pm for the final two...

fwiw: I think Don Miller structured the greatest self-marketing strategy this industry has ever seen: from day one in his blog until present... every minute of which was carefully planned and well thought out way in advance. I think he can be hypocritical at times about the whole...

Two reasons #1: emg was all too happy to include me & mine in this thread where village idiots congregated, and felt compelled to add personal insults as well. When he was refuted and proven wrong, there was no apology offered at all. I consider that gutless cowardice and a character flaw, at...

I'll buy this round... anyone who wants to join us can hit the tab. Drinks are on me, whatever y'all are having :D

What trades did he take and close for profits? Short 1220s and cover 1211 or 1208 was the day's rake. Simple :cool:

trade what you see cut losses short, let winners run manage risk appropriately patience & discipline at all times EVERY TRADER with zero exceptions must adhere to those rules, every day. No one is immune to judgement errors and mistakes. Everyone is capable of overcoming temptation and...

yes.. it is easy to read price action... the degree of difficulty comes when executing the entry - stop - exit process over and over again Most traders struggle and/or outright fail because they refuse to believe what price is telling them, and insist upon imposing their will against market...

Short in the morning off the open, then long off the measured lows, then short following the algo spikes to afternoon highs... price action itself tells anyone who is willing to listen, exactly which way to lean. It really is that simple and that easy to read price... when you simply measure...

I cannot connect either, with zen-fire or cqg. I can connect with kinetick for end-day data... daily or weekly charts, but that's it. Been d.o.a. connection since yesterday past the close of trading, fwiw

#1: Many months (or more likely years) from now when volatility and ranges contract, +2pts - +5pts daily is still very reasonable. Calmer tapes permit larger size blocks to be turned with equal risk as wild tapes and violent whipsaws now. If/when volatility and ranges contract, larger block...