How Do DayTraders Make Money in the Futures Market?

This is a discussion on How Do DayTraders Make Money in the Futures Market? within the First Steps forums, part of the Reception category; Originally Posted by PitBull Focusing on one instrument day in day out is less complicated and more productive. I’d rather ...

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Old Apr 17, 2009, 2:29pm   #73
 
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Quote:
Originally Posted by PitBull View Post
  • Focusing on one instrument day in day out is less complicated and more productive. I’d rather be a master of one than a jack of all trades.
  • Each individual stock has it's own characteristics of price movement and it's character can change from day to day, making it either a good or bad choice to trade at any given time.
  • Market liquidity. Futures are always liquid enough. Market orders are instant. No strange fills or jumps in price.
  • Share size allocation easier
  • Spreads remain constant and are not jumping about
  • No risk of random company news
  • Less stressful – finding and juggling stocks, analysing the futures, analysing sectors
  • No market maker games
  • No routing decisions
  • Taxes less complicated
The list goes on…..

Have to agree, i've been trading FTSE stocks for years but the volumes are now so thin and the market too choppy becasue of this.
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Old Apr 18, 2009, 10:43am   #74
 
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Originally Posted by candles View Post
Very suprised to hear you've moved over to the Dow Pitbull.
I also noticed that Naz seems to have changed his methods since the older days what with various indicators etc. I think its only Mr. Charts who hasn't changed anything.
Good luck with it.
Hi Candles

I haven't abandoned US stocks completely as there are very many good opportunities everyday but my evolution as a trader now leads me to master a market where stepping up in size should not be a problem as I now want to create some serious wealth.

Markets have changed from 2-3 years ago and as a trader you gotta recognize this and adapt to it.
Thank you for your kind words.

Regards
Lee
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Last edited by PitBull; Apr 18, 2009 at 10:48am.
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Old Jun 7, 2009, 5:45am   #75
 
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Originally Posted by mechanicaldaytrader View Post
Version 2.2 is reality, and is released. It comes with a updated "warranty" or "guarantee" of minimum performance if trading rules are followed. The updated warranty is located on the right sidebar of the website if u want to check it out. Within the next month, trading statements will be made available for public inspection in PDF form.

Good Trading Everyone!

The Mechanical Day Trader
Aren't you the scam artist who was banned from ET forum? Several of your students posted that your system doesn't work, then you created fake posts to pump your system, then you were banned.

Anyone tempted to take this hustler seriously, go to ET and search for "Stuart Kidney".
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Old Jun 16, 2009, 9:03am   #76
 
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Please don't give him any more money than he has already fleeced off people with his BS methodology that loses as much as it wins. There is nothing special about DayRaider whatsoever, divergence at Double Tops/Bottoms, $$$'s to be taught this! Jeez, I've been done over. I will be designing a blog called Scammed By Stuart aka Mechanical Day Trader to alert any potential customers to his scam when they google his name.
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Old Jun 16, 2009, 9:34am   #77
 
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He's popped up on my thread a few times...no idea whether he's a scam but anyone that uses the word "easy" and "hundreds of ticks" in the same sentence is obviously talking sh*t.
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Old Jul 1, 2009, 8:37am   #78
 
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Please see my blog Scammed By Stuart Kidney aka Mechanical Day Trader for a more honest review.
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Old Jul 1, 2009, 1:35pm   #79
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Scammed By Stuart

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Quote:
Originally Posted by Scammedbystuart View Post
Please see my blog Scammed By Stuart Kidney aka Mechanical Day Trader for a more honest review.

So, Ken...did you every do the homework that was required by the course? Here's the email (attached) I sent to Ken because of his incessant whining and unwillingness to apply what I (attempted) to teach. The guy paid the money, did the Fundamentals course but couldn't figure out how to do some basic, grade school graphing (Yesterday's Trade Module I).

My response here, with copies of PayPal transactions and a "noncompliance" email I sent out to Ken last February. Notice the blogger (Ken) doesn't ever state that the stuff I teach doesn't work...

...because he never studied or learned it.

Ken does bring up an issue regarding a "live trading advisor". I actually did that for 3 months years ago. It didn't work. The guys on the Skype conference did not learn how to trade, they just endlessly talked about the daytrading chart instead of applying the concepts of mechanical trading and taking the dang trade.

If someone is geniunely interested in hearing the other side from subscribers that actually DO HOMEWORK, send an email and I will forward it to some happy subscribes that use the methodology every day. The DayRaider Upgrade is being deployed now..and will take the One Minute Methodology to a "nirvana" type level, imo. If a subscriber wants it, they pay me $100 for two months...wow I MUST be in this for the money, huh??

No, it's there as an alternative if subscribers want to progress to a higher level. If not, they stay at the DayRaider 2.2 level, no problem. I've enclosed a screen grab of part of 6/30 -- if the cyan line goes UP ya buy..if the yellow line goes DOWN ya sell..risk maybe ten ticks max...(yeah, it's a little more complicated than that but not too difficult). You have mechanical time and price rules along with indicators that never lie -- they indicate whether the overbought or oversold condition is likely to end. If the condition is not in the process of ending, you stay with the current trade.

Daytrading is not for complainers. It is for the rugged individualist that wants to go farther than the crowd and take responsibility for their own actions. Scammed By Stuart blog is by a typical person in America (unfortunately) that doesn't want to get off their duff and make it happen. There are lots of people that DO want the opportunity, but you'll always find one or two that are whiners.

Funny, but the only people that are whining are the ones that I gave half prices specials because this was their last chance at daytrading before their wife (or ex-wife) cut off their credit line..lol !!

Happy Trading and Cheers to Everyone...and... I do enjoy training and helping people be successful only for those that want to take responsibility for their own actions.



Stuart
The Mechanical Day Trader
mechanical@gmail.com
Attached Thumbnails
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Old Jul 1, 2009, 1:44pm   #80
 
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Quote:
Originally Posted by mechanicaldaytrader View Post
So, Ken...did you every do the homework that was required by the course? Here's the email (attached) I sent to Ken because of his incessant whining and unwillingness to apply what I (attempted) to teach. The guy paid the money, did the Fundamentals course but couldn't figure out how to do some basic, grade school graphing (Yesterday's Trade Module I).

My response here, with copies of PayPal transactions and a "noncompliance" email I sent out to Ken last February. Notice the blogger (Ken) doesn't ever state that the stuff I teach doesn't work...

...because he never studied or learned it.

Ken does bring up an issue regarding a "live trading advisor". I actually did that for 3 months years ago. It didn't work. The guys on the Skype conference did not learn how to trade, they just endlessly talked about the daytrading chart instead of applying the concepts of mechanical trading and taking the dang trade.

If someone is geniunely interested in hearing the other side from subscribers that actually DO HOMEWORK, send an email and I will forward it to some happy subscribes that use the methodology every day. The DayRaider Upgrade is being deployed now..and will take the One Minute Methodology to a "nirvana" type level, imo. If a subscriber wants it, they pay me $100 for two months...wow I MUST be in this for the money, huh??

No, it's there as an alternative if subscribers want to progress to a higher level. If not, they stay at the DayRaider 2.2 level, no problem. I've enclosed a screen grab of part of 6/30 -- if the cyan line goes UP ya buy..if the yellow line goes DOWN ya sell..risk maybe ten ticks max...(yeah, it's a little more complicated than that but not too difficult). You have mechanical time and price rules along with indicators that never lie -- they indicate whether the overbought or oversold condition is likely to end. If the condition is not in the process of ending, you stay with the current trade.

Daytrading is not for complainers. It is for the rugged individualist that wants to go farther than the crowd and take responsibility for their own actions. Scammed By Stuart blog is by a typical person in America (unfortunately) that doesn't want to get off their duff and make it happen. There are lots of people that DO want the opportunity, but you'll always find one or two that are whiners.

Funny, but the only people that are whining are the ones that I gave half prices specials because this was their last chance at daytrading before their wife (or ex-wife) cut off their credit line..lol !!

Happy Trading and Cheers to Everyone...and... I do enjoy training and helping people be successful only for those that want to take responsibility for their own actions.



Stuart
The Mechanical Day Trader
mechanical@gmail.com
Not sure who is "right" but I do agree with Stuart that people (not accusing you ScammedbyStuart) will pay for a course and then expect above and beyond what has been offered and complain when they aren't profitable - like being with a teacher has the ability to make them profitable when they aren't prepared to put in their own hard work.
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