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<i>"90% of days pivot is hit. i'll take a 9:1 winner any day...."</i> False. Recheck your stats... daily pivot is hit roughly 66% of the time, over the course of time during pit-session hours. Still 70% odds of that happening. However, a number of those hits come from price action moving...

<i>"Overleverage is the #1 cause for margin calls and account blowups in futures."</i> Exactly right... the notional value of underlying versus margin means nothing, like I said. The only thing that matters is $$ risked versus account balance. If the ES is at 800, 1000, 1200 or 1500 price...

<i>"I don't mind spending my own money and losing some as well. I am just trying the best I can to follow the most correct path I can and with some of the opionions here and not knowing who is right and wrong that is a little hard. Thats all I am saying."</i> I guess a good place to start is...

<i>"I think that trading indexes on breakout is unnecessarily risky and somewhat painful. Unless, of course, you're the kind of guy who likes to draw a crowd by holding your hand over a flame."</i> Knowing where & when to target breakouts is the easiest index trading you'll ever enjoy. Buying...

<i>"A problem with futures it that you get 'levels' of number of contracts: Let's suppose you don't want any leverage, you need $63,550 (50 x 1271) per contract. If your account has $100k, you have about $36k unused (aprox 100k - 63k)"</i> With all due respect, none of that matters at all...

<i>"For what is worth Paul Tudor Jones could be using MACD Divergence and I would laugh my ass off. Anek"</i> Be that as it may, I can think of at least two S&P 500 traders who use oscillator divergence for part of their approach that each trade >100x the size of your account today. The...

<i>"I'd still like to know if anyone agrees with me that trading ETFs such as SSO and SDS would be a safe alternative to trading the E-mini S&P 500 contract. (see my post on page 7.)"</i> A skilled trader with solid approach can work any of those markets successfully. A trader without...

<i>"I value my privacy and do not wish to show a "blotter" daily however once a week I post here to show others that it is possible to overcome failure and become be a success in trading though trial and error hard work (and even luck )"</i> With all due and utmost respect, that is an...

<i>"Also when one says that selling naked puts is dangerous or crazy one does not know what s/he is talking about."</i> The question I have is, who in the heck is selling puts right now? Premium sellers sell calls in downtrends, puts in uptrends. When it comes to index options, naked calls or...

<i>"This is a group that made >$10MM a year for a decade and lost it all."</i> short options = inverse risk/reward ratios are much like handling dangerous animals for a living. There are professionals who work with lions, tigers, bears, elephants, etc and have avoided injury for decades. But...

<i>"People do this all the time and make a lot of profits. A few are crushed, but tell me, in what aspect of trading is everyone profitable? Generaly, in all trading, and in life, you will be screwed if you don't manage properly. Not just selling naked put options."</i> I personally traded...

<i>"They are not risky because you can always cover the one that you sold and sell the following month thus not having a loss. Basically he would sell October Put for $2 and if the price would approach the strike, he would buy back this put for 3 and immediately sell November Put for 3 and thus...

<i>"Any comments on what I could have done better here are most welcome.</i> Strongly consider switching from 5min setting to price-action bars like 500 tick, 600(ish) tick or x-volume setting. NQ is jerky thru its swings up and down... you'll see the picture much clearer by breaking up those...

<i>"It was over a period of about 5 years, we made several million running our web service and a significant minority of them (I'd say 1/3) came from elitetrader. Unfortunatly I have no way of proving it at this point, but I have no reason to lie about it."</i> That was in another era...

<i>"That's not good trading, is it? That seems more like me getting pissed and setting a profit stop 1 tick above the last price... "</i> Again, try the same thing every day for the rest of this month (or account runs dry) and see what the results are. I'm pretty sure you already know what...

<i>"srsly... I have no idea wtf was going on today.</i> I do. You were fading inside one of the narrowest-range congestion days ES has seen in quite awhile. Try that same approach every day for the rest of this month... or until your account runs dry. Whichever comes first. Then see how it...

<i>"I actually made a little money in the afternoon, only to give it back at the close. I knew better than to take a last minute trade, but I was hoping the market would give me a little more. It was just not a good day for me. I need to be more disciplined and will continue to work on it...

<i>"Technical Analysis is not snake oil. Everyone has there own views though. I like it and if you pay attention to pivot levels and support and resistance levels, that is what most futures traders trade off of. Just like sailing charts are for navigation not the end all be all."</i> No one...

<i>"IB is charging customers 1 pound a month for data."</i> In other words, +/- two dollars USD per month? That's about six Marlboro cigerattes... three smoke breaks for the average floor trader.

<i>"It won't make anymore sense for the day traders and maybe for those trading baskets of low cap stocks this will be a hedge tool."</i> From the opening bell to 10:15am EST the ER2 covered a 20-pt / $2,000 per emini contract range. Meanwhile, NQ covered a 35-pt / $700 per emini contract...