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Great Article. Read it last night. He might even write the book about this whole mess.

Who are these put writers?

Hi Spectra, I day trade myself and have a serious question for you. One of the reason why I would not want to have students is because we all will be fighting for the best fill if I announce the trade. Of course if I first click and then announce, the decent number of followers can even...

http://www.youtube.com/watch?v=MWZHTJsR4Bc And she could have been 1 breath away from 72 old President.

http://www.youtube.com/watch?v=MWZHTJsR4Bc And she could have been 1 breath away from 72 old President.

If you day trade, and can do it successfully the size is your true limitation. Let’s take ES as example, just because you can get in and out without much slippage with 50+ contracts, does not mean you will be able to do with 500+. Day trading assumes many entries during the day, so even with...

The article was not written by him. He was only briefly mentioned by the author. The author did mention that John's fees are the highest he knows off.

I was reading SFO magazine, September issue, and there was an article mentioning that John Carter from TradeTheMarkets charges 25K for week when you go and sit with him is his office for mentoring. And that he is booked for next 12 month. The text was written in a way where it looked like there...

No, it makes a huge difference. If you are trading with real $, not sure how can you say it with strait face.

HI Surf, Any clue, why PTJ did not want wide circulation for the tape. After all, wasn't it aired on PBS? Thanks, redduke

They trade on simulator, and thus draw downs mean nothing to them. Just search for Franz Sohar who used to be their head trader, and claimed to make around 100K per day. As it turned out, he was trading on sim.

Great article. Someone who is new to trading should read it few times over. People who trade and survived first year, can say yep, yep, yep. Pabst posts are always interested to read. While many of us have our different political views, trading is another world.

Wow, this is truly disturbing.

Yep, that is why you have to be very careful. But when spread is tight and books has some volume, you have a much better chance of lesser slippage.

Welcome to my world. I live in New York and trade DAX as well. I skip first hour since cash is only opening at 9am (3am my time). I would suggest you to do the same to get 1 hour of extra sleep. During European morning session slippage is not that bad. I do not enter the trades if spread is...

Does anyone know what are relationship between CME guys and Barack after all his is Illinois senator. Since it looks like he will be our next president, do you think it is good or bad for CME?

What I am doing to say is only applicable to day trading. A lot of people when trading look at charts with several, sometimes many indicators and try to find this setting that can help them to make $. But looking at charts and indicators is just one part of the game. In order to truly...

Totally agree. Ninja does so much that it shames all these expensive (well relatively speaking of course since most trading software is pretty cheap thee days ) software.

Is it really this bad on US futures. I only trade DAX, but ES book is still pretty deep. Do you really get a lot of slippage on ES?

I trade with working limit order. It is really a market order but if the market jumps too far when I try to enter the trade the limit level on MD is the max I want to get in at. The trade duration could be from seconds to 10 min+ (this is very rare though). I trail the trade as long as it...