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Actually he never mentioned leverage. In any case, this has been as usual an excuse for ET hobbyists to argue subjects about which they know little. Does one have to trade multiple contracts? No. Does one have to trade the ES? No. Does one need to have 100K in his account? No...

AFAIK, he said nothing about being fully leveraged, nor about being leveraged at all. Nor did he mention the ES. As usual, everyone is dragging his own baggage into this, but the fact remains that one can learn how to trade futures safely without having 100K in his account. You're welcome to...

Or one can trade the volatility. It all depends on the approach. None of which has anything to do with the OP's initial question. If he characterizes his market, does the research and testing to come up with a theoretically profitable plan, then simtrades it to see if his hypotheses hold...

Of course they have an impact. But since there's no way to predict what the impact will be, it's irrelevant to the trading plan. If one is trading price, all one has to do is trade price. And I've been doing it intraday for 15 years. If you can make a living trading your style...

Actually news and global events need not necessarily be considered. Whether the ES "rallied" due to Yellen or Putin, all of this came later. First, the ES rose 9pts off its pre-market mean. It then dropped 9pts below that mean. It then returned to that mean. This is because the ES is...

No, it's the mentality of someone who has a thoroughly-tested and consistently-profitable trading plan.

Obviously. But few if any are thoroughly-tested. Therefore, they have no practical value. Whatever one thinks or believes it irrelevant. If one has a thoroughly-tested and consistently-profitable trading plan, a "big account" is unnecessary.

If this strategy is consistently profitable and based on thorough testing, fine. More often, it's a strategy that just seems like a good idea but often doesn't work out in practice, aside from the fact that it triggers all sorts of unhelpful emotional responses. If one enters a trade and the...

Begin by determining just what it is you want out of it. Then you can begin determining how to go about getting it: http://www.traderslaboratory.com/forums/wyckoff-forum/15535-developing-plan-trading-journal.html

If you don't have a trading plan, much less a consistently profitable one (which apparently you do not or else you wouldn't be flat), that's your first step. Without that, it doesn't make the least difference whether you trade stocks or futures or forex (don't know how the last got into this) as...

She doesn't claim to have invented it. That edge has been around since before you were born.

Start by following the steps you read just before you made this post.

Of course we can. It's difficult, but not unachievable. Just depends on how much you want to avoid fighting yourself and the market for the rest of your trading life: www.elitetrader.com/vb/showthread.php?t=38333

+1

Actually it's entirely a matter of definition. If one just slaps some random line on the chart, it is going to be less helpful than determining those levels and points beyond which traders could not find trades. If one wants to delve into it more deeply, I suggest studying the man who came up...

www.traderslaboratory.com/forums/wyckoff-forum/16270-if-you-can-draw-straight-line.html#post179217

That depends on how one defines support and resistance. If one defines them as he does, then of course they are overrated. If one defines them properly, then they are not. This is not unlike defining "technical analysis" as indicators and patterns then proclaiming that it "doesn't work"...

Straw man. Since he doesn't know what support and resistance are, he is able to demonstrate his point. Problem is, his point is irrelevant. Support and resistance are those levels beyond which traders are unable to find trades. This can be a swing point or it can be the upper and lower limits...

It's not by Wyckoff. It's by me based on what I learned from Wyckoff. You'll find it here.

"It" doesn't "do" anything. This may not be what you intended to say, but, just on the offchance that it was, you're looking at this in entirely the wrong way. The purpose of the lines is to guide the trader to an understanding of the interplay between supply and demand against the backdrop...