[MightyMouse]

Originally Posted by Chippy »

I trade for a living but I follow a few advisory services to do it haha.

Pick the trades I agree with and go with it. Also have a few automated programs that do the work for me.

I can't imagine going back to a regular job. Even if I had to make $200 a day trading the ES I could do it. Simple easy life...and I love it

Now, the advisors I follow better not die or anything hahaha

You should teach the advisory service how to trade their advice.

[Chippy]

Originally Posted by MightyMouse »

You should teach the advisory service how to trade their advice.

lol, there are a couple I have that are horrible at their own trades. One of them is pretty decent and is actually honest about it. I think if you find a way to trade that you like and then take other advice it can work to your advantage. However, a lot of people can't trade like that and just go strictly off what people tell them to do.

Works for me, so i'm not changing anything until I start losing some money. By no means am I rich, but a few hundred dollars a day keeps me from having a 9-5 job

[MightyMouse]

Originally Posted by Chippy »

lol, there are a couple I have that are horrible at their own trades. One of them is pretty decent and is actually honest about it. I think if you find a way to trade that you like and then take other advice it can work to your advantage. However, a lot of people can't trade like that and just go strictly off what people tell them to do.

Works for me, so i'm not changing anything until I start losing some money. By no means am I rich, but a few hundred dollars a day keeps me from having a 9-5 job

Sure, just because you can forecast a market, doesn't mean you can trade it.

[Misha851]

Thanks!

I am not experience enough trader.
Please share with me the names odf the programs you are using.
I will appreciate any usefuk advise given to me.

I like you, DO NOT WANT BACK TO REGULAR JOB.

tHANKS AGAIN,

Misha

[nakachalet]

Originally Posted by Misha851 »

Thanks!

I am not experience enough trader.
Please share with me the names odf the programs you are using.
I will appreciate any usefuk advise given to me.

I like you, DO NOT WANT BACK TO REGULAR JOB.

tHANKS AGAIN,

Misha

i did not read the entire thread....

did you or did you not quit your job as yet....?

trading for a living is a very tough, very very tough career.... pls do not quit your regular job as yet, ok?

in order to be partially successful and minimally breakeven.... it will take up to a year or more of sitting up day in and day out, rain or shine or snow, it does not matter one bit.... sitting quietly all by yourself in front of one, two, three, four or more monitors....

are you gamed for such rigid regimentation all on your own and all on your own impetus....?

if you answer affirmatively to the above, then perhaps, there is a very slim chance that you could learn to trade.... just on sim.... before graduating to live signal and another three to six months of accumulating stats of your own, on the time-frame of your own, and on the risk/reward stats of your own....

even if you pass these stages already with flying colors and all.... the deal-makers and specialists at any trading pits will be more than happy to oblige you.... and take your money away as fast as you can place them....

yes, of course, i am speaking from personal experiences.... have been there and done that and kicked myself for being so dumb to assume that i could be smarter than them....

many of those in the pits whom i know, they trade with 3 or 4 tics stoploss.... and earn high six figure each month....

i am not saying all successful and profitable traders trade with such unusually tight stoploss.... however they are exactly some of those whom we trade against each and every session.... my own stoploss looms 100% larger than their.... the very best i could do is.... 9 tics.... L O L ....

for whatever it is worth....

[sdoma]

Originally Posted by HighStakes »

Interesting analysis. Thank you!

I live in Europe and do not have the opportunity to trade the market open. My personal trading session would be limited to approximately the last 4 hours of the US session.

One important qualifier then would be that the market of my choice need to be active during that time window. My superficial impression (have not done much research here yet) is that the best moves in crude oil usually happens during the market open, while the ES usually have good moves during the close as well.

Any opinions here?

How do you trade? You don't have to give away all your secrets, if you feel you have any, but your trading style is going to be the most important thing here, followed by the hours you can trade.

The wrong market for your trading style not only can, it will break you. If you trade mean-reversion, I'd lean towards ES for you. If you trade for range expansion, crude would be my choice, depending on the amount of capital you have. Crude usually puts in a good range, but that means you will lose more when you make a bad trade as well as make more when you make a good one.

Forgive me if you've already explained this, I just didn't see it.

[sdoma]

Originally Posted by nakachalet »

many of those in the pits whom i know, they trade with 3 or 4 tics stoploss.... and earn high six figure each month.... my own stoploss looms 100% larger than their.... the very best i could do is.... 9 tics.... L O L ....

What pit traders? Pit trading is dead, and most pit traders have been forced into retirement because they were unwilling or unable to adapt to the screen. Hell, the CME and CBOT consolidated their floors into one space.

[bigchido]

I'm willing to help out those who ask me. I don't sell anything and I ask for nothing in return. I've been trading over 20 years and find the "I don't give out my secrets" line to be a pile of crap. Trading is mostly about money management more than some "secrets of the pros".

Now, with all that said, It is possible to make a good return on your capital. If you still think you can become rich trading full time then good luck. But, if you want to learn some trading reality I'm happy to help.[/QUOTE]

Really, JohnnySDG I'm ready for some 'reality' mentoring. Seriously.