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Sean,
I just started (5 days now) daytrading the ES. I have a friend who has been
trading this and the NQ quite successfully, so I'm following his system. He
uses Lind Online and I use Jack Carl ETC for trading. I use TradeStation
2000i and he uses MetaStock RT. We both use eSignal.
My experience with JC ETC is that they are quite fast on the orders and
fills. On my second day, my JC internet service froze up. I was able to
restore it and recover without a big hit. I now keep my cell phone beside
me with the trade desk speed-dial selected as a backup.
I hesitate to give my results because they represent a small statically
sample- But I'm averaging about $83 per contract per trade with a 72% win
ratio.
Again, I too am feeling my way through daytrading and I'm on my own learning
curve.
Hope this helps ... Marlowe
----- Original Message -----
From: Sean Cassidy <scassidy@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 18, 2000 10:26 AM
Subject: S&P Learning Curve
Can anyone give me the approximate learning curve for most people trading
e-mini S&Ps, in terms of dollars? I know this is completely subjective and
will vary widely from trader to trader but I would just like to know what
most successful traders went through in terms of drawdown before becoming
profitable. I am using some system software that is right most of the time
but have had trouble with slippage and a few bad fills. I am using Jack Carl
and they seem very slow. it sometimes takes a minute or more for an order to
become live. Is this bad? It sure seems to be. Again just a few experiences
of others would let me know if I am on the right track. After about 17
trades I am down 7 points and a total of just over $600. Is this good, bad,
should I be looking for a real job?
Sean
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