Posted: Jan 23 2004, 08:40 PM link: http://www.traders-talk.com/mb2/index.php?showtopic=5395&hl= 'I couldn't disagree more with Index Trader, and especially on the small account. At one time years ago I offered a $500 bounty for anyone who could show they had been successful at daytrading stock index futures over a three year period - no takers. When I used to market a manual on daytrading the stock index futures, I spoke with literally thousands of daytraders. It's more myth and folklore that there's a bunch of traders out there succesfully daytrading the futures. Actually I did have one taker on my bounty. But of course, he could never come up with any documentation. Lot of big talkers out there who when push comes to shove never can produce any real money trading statements. He eventually drifted into selling an expensive daytrading course and advertised about how he successfully traded for a living. When the CFTC went to investigate, they discovered that in his real money trading account he had been a net loser for six straight years. You don't want to get me going on the S&P daytrade course vendors' 'I once heard Jack Schwager wanted to write a book about your Average Joe trader who had been successfully trading for a living over a period of several years. The book never came to fruition because of a lack of *verifiable* applicants. The CFTC enforcement files are full of traders who claimed they succesfully traded for a living while in fact they were net losers'.