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<i>"1 contract per $50k"</i> Totally meaningless. If you have the developed skills to make money in emini trading, $2,000 initial balance is more than enough. If you lack the developed skills to aptly trade, $1 million initial balance will never go one penny higher. The only thing that...

<i>"what was the arb situation?"</i> Obviously you asked this in jest. As for active trading and edges, they exist all over the place. It seems like forever before we can even find one single edge that's repeatable. Once we do, that unlocks the mystery of tradable edges everywhere...

<i>"I've heard of 95% of all traders are not profitable. Well according to this thread it seems like 95% of traders ARE profitable"</i> This October was exactly like all other months: some of the days were easy money, some required work, a few were all but untradable. That's the exact-same...

<i>"Averaging down is for those who lack the chart reading skills to enter at key areas and/or the correct trading plan and/or discipline to exit when mistaken. Everything else you throw at it, it's but an excuse due to failing to accomplish the above."</i> Absolutely. Results from...

<i>"Most of you guys are retarded. Very few have anything informative or insightful to say..."</i> But the rest of us are talking from experience. I have no doubt that common logic tells you in the back of your mind that every single emini trader with zero exceptions has at one time in their...

<i>"am i right here..."</i> In all seriousness this time, no. Not even remotely close. What you accomplished on sim in a brief period with no realism to fills, no pressure of real $$ performance and a host of other variables is not anywhere near realistic. If you do test it out live...

<i>"These scalping results are consistant for me...am i right here...should i test this on a live account?"</i> Human nature... the one constant on earth between death and taxes

<i>"I doubt I'll be catching this many once the range contracts back to 10 points per day."</i> What if ES returns to 20pt average daily range with two - three swings greater than 10pts wide? Can you still pick off +2pts ~ +4pts a couple of times daily in quieter, structured tapes? +2pts...

<i>"I'm averaging 8-10 ES points a day..."</i> End of story. Focus on that, and add size. Perrenial pikers fixate on maxing out points captured per contract. Professional traders focus on keeping loss contained, drawdowns smooth and averaged performance consistent. Then add size. When...

<i>"Look at the today low on ES...It's two ticks below yesterday low ( 843.50 vs 844) This market is very disciplined and very attractive..." </i> Sure it is. That's why the P&L thread is totally devoid of anyone making big money right now. Believe what you see... or more importantly what is...

<i>"This is also an indication that some systems could work on better entries. I know when I have trouble with stops it is usually because my entry could have been much better."</i> Not in this case. The TF commonly whips thru 4pt sideways churn before going anywhere. The bid/ask runs...

might as well trade the S&P 400... about the same dome as TF right now. Conditions are horrid even for trading ES, have been since Friday. Temporary :mad:

Volume means nothing... open interest is the problem. For the past few weeks, TF has had single-digit size per strike available on the dome. That's why it spreads the bid/ask 5 to 8 ticks wide sometimes. Try holding a stop at any logical distance when the bid/ask flares a full handle wide...

<i>"2. I risk 20% of my account per trade (meaning that i risk 20% a week) 6. my risk reward is 1:1 (either i win 20% or loss 20%)</i> With all due respect, if you expect to prosper long-term from that management core, it really doesn't matter what broker you pick. End result will be the same.

<i>"When trying to code a strategy, it's amazing how difficult it is, but I find it makes one a aware of flaws in discretionary trading."</i> ... but more importantly, it makes you aware of the flaws in system trading which are only overcome in discretionary trade decisions. The reason for...

<i>"but have vastly improved the long side. Look at this PL chart for this long only, its amazing that is a LONG only strategy."</i> Do you know why that is so? There's a very simple technical reason for that. If you already know it, good. If not, you are still light-years away from writing...

the globex will not only survive, it will evolve to a point where the pit session of trading for stocks is relevant as pit session of trading for currencies is now. Look for further globalization of financial markets, more overlap, extended hours of activity into the future. What the FX =...

<i>"Y'all talk like you believe the futures are the "tail that wags the dog"... NOT!"</i> Wrong. There was a time when futures were an extension of individual stocks. Those days ended when major funds and institutions embraced the ES as a primary trading vehicle itself. What do you...

<i>"Since you posted yours, let me present my daily catch."</i> That of course is excellent... and nowhere did you fight the market today. There aren't any 16-contract positions there where you dug deep craters and hoped to backfill. Today was a fantasy session for reversal or directional...

<i>"as I need to develop an automated strategy..."</i> All of the time, effort and money spent trying to develop a profitable system (that will hold up for years without puking) could have instead been spent learning to visually read = interpret price action. Mechanical trading is by far...