Trading ES in a prop firm?

Quote from Pa(b)st Prime:

Mav, I respectfully disagree.

As you know I pioneered being the wise-guy mean reversion f(tr)ader, lol. You've seen the damage I can do to an account by fading ES moves. :p

Index products are the WORST product for that style of trading. A few points.

How many commodity, fixed income or FX markets can rise by 10X as the indicies did during the 90's?

What other market closes at it's day's extreme (on LOD or HOD) more often than the index?

Memo to Hog (no pun intended), Beans, Sugar, Cotton, Bellies are trading at the same freakin' prices as when I entered this biz in the late 70's. Where was the Naz Comp in 1978?
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I'm referring to intra-day moves only and the fact that the spoos back and fill much more then the Russell and the NQ. And I believe that one cannot simply be a breakout trader or range trader. You have to be able to trade both. We trade the range days in the spoos just as well as the trending days.
 
Quote from Maverick74:

I have developed a trading methodology based off of one of the most, if not the most successful oil trader in the country. I modified his system to fit the index futures markets.
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Would that be Mr. Pickens?
 
Quote from Maverick74:

... I have developed a trading methodology based off of one of the most, if not the most successful oil trader in the country. I modified his system to fit the index futures markets...
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John Visconti?
 
Quote from Maverick74:

That's not true. Many prop firms trade futures, some exclusively.
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What ones? I can't find any. Everybody says there are many prop firms that trade emini but nobody can give a name of just one.
 
Quote from biologymajor:

What ones? I can't find any. Everybody says there are many prop firms that trade emini but nobody can give a name of just one.
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Are you serious? Come on man, do a search on this site. Upper right hand corner. There are 5k posts on the subject. Jeez.
 
Quote from Maverick74:

Well, I stand by my statement that I know of very few successful futures traders. However in the last 6 months I have made a change in my opinion of the viability of futures trading.

I have developed a trading methodology based off of one of the most, if not the most successful oil trader in the country. I modified his system to fit the index futures markets.

I stand by my statement that the failure rate for futures is probably considerably higher then stock or options guys due to the leverage involved in futures trading.
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What firm do you trade with Mav?
 
Don, I was curious about the .75 cents vs. $4 a r/t comparison also? If a futures trader were paying $4 r/t all in per contract, wouldn't you compare that to an equivalent position in equities? Say 1 mini NQ contract would be roughly 800 shs. of the QQQQ's. I can't say for sure what the approriate equity commission is, but .003/sh all in for each side on equities ends up being the same or a bit more for a roundtrip on the QQQQ 800 sh equivalent. Let me know if I'm off base here, as I would like to know. Thanks
 
Quote from taclander:

Don, I was curious about the .75 cents vs. $4 a r/t comparison also? If a futures trader were paying $4 r/t all in per contract, wouldn't you compare that to an equivalent position in equities? Say 1 mini NQ contract would be roughly 800 shs. of the QQQQ's. I can't say for sure what the appropriate equity commission is, but .003/sh all in for each side on equities ends up being the same or a bit more for a roundtrip on the QQQQ 800 sh equivalent. Let me know if I'm off base here, as I would like to know. Thanks
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Did Don ever answer this? I'm not sure if Don was trying to make a point about commissions, but futures commisons are much cheaper then stock commissions. But he seemed to make the inverse argument, so obviously I'm missing something.
 
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