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+2

Someone was discussing this same topic several days ago...

The Investment Banks and financial institutions will be ahead of you every time. Arbs like this don't really work for the little people. In addition, your costs are much higher than theirs...

Don't get too wrapped up with Jack; he is the notorious Guru Wannabe, who wraps ET newbies up in hundreds of pages and lengthy posts of absolute nonsense. Seriously...

Supportive is one thing. But you have absolutely no way of saying this is true. The fact is more likely that, even after thousands of hours of this, the far more likely outcome is, he will still be unsuccessful. There are a lot few successful traders than people on like to believe. I...

I was commenting based on OP. did not see 5K trade comment: --- what does a Profit Factor of 1.075 for a system tell us? --- Can one calculate from that number the annual result of a trading account? --- How important is PF ? --- What is/are the most important of such numbers for a system?

My guess is, that you will never really read all the details, either...

longterm? The best model I saw said that 7-fold leverage was the sweet spot between risk and reward. In other words, a single emini contract, like ES being worth about $50,000 at a price level of 1,000, you would use about $7,000 margin. I do not recommend or disrecommend this level. It...

assuming you are not the vilage "60 alias" cold/c-kid/jasonn (whom this sounds like) Your chances of making a longterm (10+ year), lucrative living and reasonable stats (sharpe, PF, max DD, etc.) without blowing out are probably about 2 or 3 in a 1,000. You will probably understand this...

No one will ever make a longterm, lucrative living having reasonable stats (Sharpe, Profit Factor, etc.) based on Psychology If you don't have 1+ edges and good money management you are nothing more than a gambler who will lose everything to the house edge (commissions, slippage, risk...

Easy. If people had some financial stake in procedures, and they were not pretty much paid by others, then you would find that only necessary things were generally elected. Like relatives that demand continuous life support of someone in a coma, who has been declared practically dead. Some...

nazzdack already told you twice. You are asking a nebulous question and hoping for a speciifc answer. Scalping - it might be 50%. Longterm hold, it might be 1-2%. It depends on the instrument, the hold time, your profitability, etc. etc. If not profitable, it might be over 100% of your...

suggestion - make your posts as short as possible. Make a digest, not a brain dump. This is the first thought I had when I entered your thread - "aack - this is going to be an encyclopedia..." It takes you longer, and likely turns off readers. Reading 20-30 lines from someone you don't...

I disagree with this post. If you already know a lot about the different areas or worked in the industry, yes you don't need much time. But a lot of the traders here, even successful ones might learn price action or fundamentals or something, but may not have a solid or even average grasp of...

unfortunately, I think this is the most likely outcome at this point. Unless something comes out like an Elliot Spitzer or a Mark Sanford, Obama is the likely. Sitting presidents usually do well. The (world) economy and our national deficits are the wild card. We are still hemorrhaging...

http://elitetrader.com/vb/showthread.php?threadid=172977 http://elitetrader.com/vb/showthread.php?threadid=172975 It is getting hard to keep up with these!!!! IDEA: I started reporting spammers under here, because some mods ignore results from the "Complain" button. Likely 50+% of all...

That would apply to 99+% of signal providers or authors...

+1. The OP is searcing for the smallest possible margin. The idea of $300 controlling $50,000 (value of emini ES at 1,000) is completely ludicrous. And holding 100 lots??? Keep exposing yourself like this, and you will get hit unexpectedly, someday. A smart trader knows capital...

Tip 1 - post this under Prop Firms category, so the right readers see your question :)

LimitUpMike http://elitetrader.com/vb/showthread.php?threadid=172981