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KIS stands for Keep It Simple. EJ only released it 2 weeks ago at a special seminar for those who already own his trading plan. It is a new trading setup based on the same principles of his main trading plan setup. The purpose was to create a setup that was suitable for 1 contract, and a setup with less conditions and qualifiers to have to watch. This is just one of a number of his setups, but more suitable for the new trader that gets confused by having too many things to watch in the beginning of his experience. It is available via an instructional DVD to his trading plan owners. The setup is too new to have any long term stats on how well it performs live under various market conditions. It has worked well for the current market conditions since introduced. I attended the seminar and also bought the DVD. I am very happy with my purchase.

Well, I believe you are sincerely seeking more information. You went about it the wrong way, but I will just take that as a sign of inexperience. I took a couple of days for free in LL's daytime trading room. One with a salesperson in my ear the whole time, and by request, one completely on my own. Nothing to write home about. I traded live, and lost a few ticks one day and made a few the next. I also get LL's emails every day, and have subscribed to some of his cheap stuff, free setups, and know all his setups (except MP) from another source. I watch his results every day. It looks to me like -- once you subtract the commissions (which he never does), that most days he reports as small winners would actually be losers. However, during large trend days, If he manages to catch the trend, he can rack up a lot of points. Those are the only times that look profitable to me. So IMHO, most of the time is a lot of false starts, trying to not lose money while trying to catch a big swing to ride. The night session MP course is a different animal with which I have no experience. To answer your $5K question, yes, it is possible, but only if you go about it the right way. I qualify this by stating that I am still an ES scalping student, and have been for several years with a few different mentors. I have gone from losing a lot, to losing a little, to holding my own. I keep progressing, but it takes a lot of time, commitment, and learning to control that most important trading tool located between the ears. If I had started with my current mentor from day one, I would be years ahead at this point. I do know a number of ES scalpers that trade for a living and have for many years. I converse with them daily and know most of their technical setups (they would not frequent a site like this, as they have no need to, neither do I for that matter, but I am a curious sort and like to poke around now and then for the hidden gem). So, to get on with your question, assuming you have mastered the skills and your emotions to have a decent edge, you have to use compounding. If it were me, I would not trade more than 1 contract with only $5K. That actually makes it harder to win though, because you can't use multiple contracts with a money management scheme to improve your odds of success. If you are good enough to win most trades, and you have tight stop rules, 2 contracts are possible. That is probably the least number you want to trade to have some rudimentary money management. Trading with more contracts than that is just asking to blow up your account in short order before you have mastered scalping skills. Figure on staying on paper trades for 3-9 months for skill development, then at least another 2 months to get over the emotional shocks of trading live. Scalping ES is one of the harder things to do as a trader because the competition is tough and the emotions are intense to start with. So, if you have all that down, then you need to plow all your winnings back into your account to get it up to about $25K. If you average 1% per trading day, then that will take about 9 months. If you are successful at that, then you have a bit more of a cushion and can start to take out money each month to live on. At 1% per trading day, that is $60K per year on a $25K account. It should be possible to make a living scalping 4-8 contracts. One trader I know uses $3K in the account per contract traded. Another keeps a very small account size and a margin of only $500 per contract, but he scalps for 3-8 ticks and positions himself to stop out with a tick or at most a few tick loss. He takes many trades a day on a small number of contracts. His trades last a few minutes. My trades are also generally under 10 minutes in a position, though today I stayed in one position for 37 minutes on a longer swing down. I would have done better if I stayed in fro 90 minutes… LOL It just depends on what kind of trading day it is. Some days I wait all morning for a setup I like and it never comes, or I don't get filled. You just have to take what the market offers. I hope you find this information useful, but I wrote it for anyone curious about this topic. FWIW, I wrote a detailed review on this site about my experiences with my current (and best) mentor in response to someone else's questions about my mentor a while back. You can search for it if you are interested. There are a few good ones, but most are not cheap. Getting the right mentor can shave years off the learning curve for scalping ES. Getting the wrong mentor can drain you wallet and have you swearing off trading forever. Most are in the latter category. Good luck.

MightyMouse, Sorry if I gave the impression of a commercial. I tried to be honestly objective with my experience. I don't have a lot of good things to say about most trading sites I have tried. I do not have any financial incentive for someone to join this room because of anything I say. The main point is that this is a teaching/mentoring site. The room is only active between the hours of 9-12 ET. Those are the class hours. If you can't be available between those hours, then it does not make any sense to sign up for the room. The room is open and unmoderated in the afternoons for discussions between members, but it is not very active in the afternoon -- except on FOMC days. The morning produces the best trading results for the EJ system, so it does not make sense to trade at times when the risk/reward is not as favorable. There is more to life than trading. I realize that not everyone is free to trade during those hours. I actually use the methods taught by EJ to chart out the trades in after hours. The methods work during those hours also, but I don't place actual realtime trades during those times. I just do research. Even though the room is not open after hours and projecting charts, each student should have their own charts set up in the same style as in the room. A student should not need the room to understand how to trade in the EJ style after they have learned the system. However, the constant reenforcement of the mentor keeps me from wondering off the reservation too far. :doh: I am aware of another site that specializes in teaching after hours trading. I have not tried it. It looks to me like is costs 10x a much. It does not use the same approach as EJ at all -- it uses a market profile approach. I do not know if it is worth it or not. Good luck with your trading.

I have looked at several live trading rooms over the years. I think it takes many months to a year to fully grasp what is being offered and how much help or harm it will do to continue. The criteria is based on how well the methods of the room and teacher match up to your personality and needs. That includes protecting your capital -- both money and psychological capital. No one room is going to be right for everyone. I am currently a member of EminiJunkie live room. I have been in the room every day except for vacations for the last 9 months. I feel that I understand the EJ style of mechanical and discretionary trading, his mentoring style, and watched how students have progressed when following his mentorship. Another student of his found this thread and pointed to it. I read the whole thing, but did not feel that what was presented came close to my experience. I believe I am qualified to rate the EminiJunkie live room service at this point. First a little more background on my general experience. I am retired from professional life for 12 years. I have been learning day trading for the last 5 years. I have been studying the different styles, looking at the mechanical edge that may exist in them through computerized backtesting. I have studied the psychological aspects of why one trader given a profitable system will make money, while another given the exact same system loses money. I have studied profitable day traders in realtime to understand how they do what they do with their so called "mechanical" systems. There is more to this than meets the eye, just as there is more to being good at a profession than just reading a book, or getting a college degree. It requires experience. It requires failures and successes -- learning from each and moving forward. Many successful traders say it required 10K hours of dedicated learning experience to become a consistently profitable trader. Then you have to keep learning and checking yourself (psychologically) to stay consistent. However, I believe a good mentor can shave years off the process. I was looking for a good mentor during my inquiries. I found good traders who were not good mentors. I found good mentors who were not good traders. I knew exactly what I was looking for in trading style and mentor style by the time I happened onto the EminiJunkie site. I read the free trading plan summary before deciding that I would spring for the full ebook plan (for less than the cost of one of my small stop-outs). I was immediately presented with the opportunity at checkout to also sign up for a 6 hour DVD training and a month in the live trading room for about half price -- If I ordered right now! I thought that was a cheesy bit of marketing, but I also thought it was a bargain (less than a full stop-out), so I bought the works. It was the least expensive offer I had seen for a comprehensive training program, so I looked past the cheesy internet marketing -- which I get hit with every hour anyway (I am immune at this point). The only thing I really had at stake was wasting a lot of my precious time running down another blind alley. Oh, and the other thing that was potentially at risk was my capital if I followed his system and it was a bad one. I had already done that on many occasions before. The subscription costs were a minor loss compared to following the actual trading calls. I am very good at initially following instructions to the letter with a new service, but after losing enough $$$ I start to flinch to protect my capital -- and a good thing too in all previous cases. I carefully analyzed every trade call and every trade I made to find the disconnect. If I am not at fault, then I move on. What I found with EJ after the first month was that unlike other services I had tried, he was more concerned with protecting his students psychological and trading capital while we were learning. That impressed me a lot. EJ has a training progression plan that is designed to teach the mechanics of his system while gaining confidence in the system before risking a dime in the market. Many of his students do not follow his advice. They are so full of greed that they want to skip all the training and start placing bets on day two. That does not work out so well. I suspect that those who spent a short time on his room and then left disappointed fell into that category. They were expecting someone just to hand them money for showing up. Life is not like that. I have to come clean here. I was placing live trades on day two. However, it was for a different reason than most. I don't seem to focus and learn well if I don't have some skin in the game. I had already had a lot of experience trading the ES, so I decided to trade live while learning, but with only one contract. My objective was not greed, but to compensate for my own personality learning quirk. If they made half size contracts, that is what I would have traded. My expectations of success was to break even during the months of learning, since I expected to make plenty of mistakes. I would recommend that anyone else should follow his progression on a trading simulator exactly according to his plan. I see the wisdom in that. I might have been better off if I had taken that route. Some of his students eventually go back and start over with the progression after failing with live trading, while watching the ones who followed the plan succeed. I should stress at this point that EJ is NOT a service to call out trades for members to blindly jump on. EJ is a training and mentoring service. The purpose is to teach you to trade in a style that suits your personality (that you feel comfortable with), within the framework of the setups that are part of his trading style. That can be frustrating for some who are not interested in learning to trade, but just want to be told what to do, and expect to make lots of money being a zombie. I had seen plenty of systems work for the experienced trader and fail for the student. I wanted more. I wanted to learn all the subtle things about trading that made the difference in becoming consistently profitable. That was what I saw as the potential for me with EJ. After 9 months, I am still learning. EJ loves to teach trading. He doesn't care how many times he has to answer the same question from the latest new student. He takes an active interest in how each student is progressing. He explains his thought processes for taking a trade that is slightly outside the printed plan, or not taking a trade that is just inside the plan. Those are the most important lessons. He also teaches some additional trading techniques in the live room that are not part of the printed plan. He is one of the few mentors I know that can trade while teaching. He does take some of his own trades during the day, but he does not explicitly say that he is about to take a trade for x contracts at x price. That would be a big disservice to his students. Instead he calls out the different plan setups that are approaching and the discretionary factors that could be taken into account for a better entry depending on the stage of learning and trading style that has been adopted by that the various students. He always advises exit points for those who have taken one of the possible entry points and several money management styles. Now about those nightly videos that people comment on. They are NOT supposed to represent the trades taken in his room. They are supposed to represent the maximum potential of the mechanical system (one of several) for profits and number of trades. He states that disclaimer at the front of every video. They are used by his students as a guide to check their trading performance against -- on a trade by trade basis. They represent the mechanical benchmark that does not drift with time. The best students in the room can beat the benchmark. The average student will have a hard time measuring up during the learning process. The best students have very few losing days, and the ones they do have are small. That is the potential of the EJ system if someone is willing to put the time and effort into learning it well. Is it going to happen overnight? Of course not. In one month? Not a chance. A student is going to have to be prepared to spend 6-18 months in training to get to decent performance. This has been a great learning experience for me, and the least costly one in my 5 years of learning. I am still learning every day, and I expect to continue to learn for some months yet. I am also pleased that I did not lose a ton of money on this learning experience like happened to me before. I met my goal of keeping my trades small and my performance in the noise level of break even durning training. I count it as the best risk/reward value so far in my education. When reviewing which trades I choose to take and which ones I choose to pass on, or what entry criteria I choose, I see that I left a lot of money on the table. However, that was the point -- to learn what would work for me, and what would not work for me, while not losing money in the process. I am happy with what I learned about the system and myself, and now I have the outline of a custom trading plan that suits me perfectly. Perfect implementation of that plan is my next goal.