Predictor

I trade the ES almost exclusively. A lot of people say it is the hardest market but I like it: it is easy for me. Honestly, most of the markets are correlated now and so it doesn't matter what you trade, if you can call direction. I've only just started trading the crude. From my personal experience, the ES tends to trend more clearly and throughout the day whereas the crude likes to jump around and make some violent moves. You just need to find a market/style that suites you. If you like selling at the open and holding to the close (selling/buying) then the ES is a pretty good market. If you like buying an intraday sell off then you may like crude better or for scalping. Having said that, day trading in a bull market can be difficult because the moves occur overnight and then you are left with a tiny range. For DAY TRADING only then I don't like stocks but it would be hard to deny that there is probably more opportunity in stocks. One aspect about the ES that makes it popular is that I feel it is fairly level playing field. I am not so sure that the playing field is as level when dealing with commodities or Forex for that matter.

I am only looking for replies to this thread from people who have did the performance I'm inquiring -- not those who believe it is possible or have did well for themselves but not that well. The purpose of this thread is very specific. Only reply if A. You scalp the ES or another future for a living. Please let me know what account size you think is required. I mean for a living: it is your primary income -- at least 50k per year. B. You scalp ES with 2 point stop and 5k in account and make 50k+ per year. C. You've taken every trade in this room (or most every trade) with a real money account, i.e Larry's Room Do not reply with advice on trading or comments or thoughts about what you think is possible.

@Tim Good insight. I honestly think John and Hubert are 100% focused on selling crap. This was my impression from being in their room during a trial period, watching their videos, etc. If you can't produce trade statements (or you make it clear you trade sim) then you have no business offering education. Also, if you don't show your performance then how the heck am I too know that your methods are worthwhile enough for me? I don't and I cant. The people who believe they can't show statements because of rules are gullible and weak. Having said this, let me say that part of getting a sale is getting the buyer pumped up and confident. If you find they help with your motivation then that might be worth something. You may also get basic public domain information from the free stuff they offer too.

I see the previous thread here. First, let me start by stating that I'm a *very* successful trader. I am already more successful by measurable means then most. I have 2 of the top ranked futures systems at C2 greater then 6 months old (one discretionary and one quantitative). I've been over there at that other trading forum. However, I'm thinking of moving here because there doesn't seem to be a lot of quality posting going on over there. I have 2 questions. Please read them carefully. 1. Has anyone taken every trade in Larry Levines trading room with eral money and do the results match the hypothetical results they send out? I seen what happened to the other thread about his program. Please do not share your experience unless you have taken every trade with real money for at least 1 month (or as close as possible). 2. They claim they do around 5k NET per month with only 5k in the account trading 1-3 ES contracts with a max stop of 2 points. They actually average around 7-8k month net. I do not believe that is possible. They claimed over 100k profits last year trading 1-3 contracts. They sent me an Excel file but no real money track record. If anyone here can do that with 5k account and produce real money track results for at least 1 year then I'd be willing to do 2 things: A. Pay you and B. Pay you for mentoring. Again, let me be frank I do not believe that it is possible. I, also, offering mentoring and trade the ES nearly exclusively on hypothetical account. I take proxy trades with rea money at NADEX since April -- for every trade I place. I have very strong returns but nothing like that. The average trade profit is around $20 per trade they claim. This is very low. I honestly, think, it would be difficult to trade the ES for a living with even 100k. Most everything has told me one needs around 300k to trade for a living.

No, you have the wrong idea entirely. 1 ES contract is worth $50 * the price quoted. This is about $60,000 worth of SPY. Your broker will typically require anywhere from $500 to $1500 to open 1 contract. This is margin you put up. This is for day session. Overnight the CME sets a higher margin, it runs around $5,700. I recommend if you are new that you should probably need at least 15k to start trading futures. If you are highly experienced, it is possible to do it with a 7k-8k account or even a bit less.

I'm sharing my custom TICK indicator, you may find here at the link with all details: http://tosindicators.blogspot.com/ This is an indicator for showing TICK behind the price with dots plotted for maximum. It is not the easiest indicator to setup. The indicator is free (donation ware) with all instructions. There is also a post about my ideas on indicator design and links to all TOS related indicator sites I found. I am looking for a market profile or mp like indicator for TOS. Message or email me if you find one. I will probably make more indicators in the near future. Thanks.