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The difference is leverage. I can trade, say $10,000 worth, of SPY but the minimum trade on the ES is worth $40,000. Less leverage allows me to trade a longer time frame, which I believe is more predictable.

I never said that trading the e-mini is impossible. I said that DAY trading the e-mini is primarily futile. Maybe a few can make money doing it, but I don't believe many are. To trade the ES, or any other security profitably. You must have the capital to weather the random moves during the...

Today I decided to quit trading the e-mini S&P 500. After about 200 trades and about $4,000 in losses, I have discovered that day trading the emini is futile. In my opinion, the only possible way to successfully trade the e-mini, is to take positions lasting several days, which requires more...

Any thoughts on which magazine is better? I subscribed to TA of S&C about 5 years ago and found it only moderately useful. Is it any better now?

Profitseer: Thanks for your thoughts. The reason I am considering moving my stops to 4 points is that I have been right on the direction of the market, but am still losing money because the market would move slightly against me, hit my stop, and then move back in favor of the original trade...

Thanks to everybody for their input. DMI has been a very effective indicator for me in determining the overall trend. Perhaps I spend too much time agonizing over the entry and should just go with the trend as indicated by the DMI and then see what happens. I like the idea of entering a...

I've been trying to day trade the ES with terrible results. I am using the hourly DMI and 15min stochastic to enter and exit trades and am finding myself frequently the victim of numerous head-fakes, causing me to overtrade. I"m thinking about switching to taking longer-term positions (i.e...