Recent content by Durango Kid

ECHOtrade is a good enough firm. They leave you alone to trade your own strategy. One downside is that they don't provide trading. If the NYC office does, it is unique. Honestly, you'll blow through $2500 pretty quickly so prepare to contribute more capital later. ECHO has a minimum capital...

Anyone have an accessories coupon?

Limit buys Market sells Vice Versa

There is no such thing as risk free. In exchange for security you sacrifice somewhere else; Interest Rate risk, Reinvestment Risk, Opportunity Cost, etcetera Therefore, portfolio management is about risk management. Risk, defined as chance of loss, can be reduced through diversification...

I happen to believe that it is ALL about psychology. I feel very well educated about the market. Sure there is more to learn and I continually get schooled. But I find the mental aspects rule my actions.

No, I was kidding. If you are truly serious about exploring this further, I only see one way that you can get anywhere. Since you have very little knowledge and very little capital... you should look to find a proprietary firm that will sponsor you for a series 7 and train you to trade...

Ok, you passed the first test... now check out: www.trendtradingtowin.com

Start here: http://www.marketwise.com/MW_TraderR/Trader_Profile.asp

I take two days off EVERY week, no matter what!

Anyone have an accessories coupon?

This is an interesting post for me... One of my biggest problems with trading lately has been to sell short into gap ups. This can be a viable strategy, but when you get it wrong, you just get murdered. So everytime I forget the pain of my last loss, I short sell into a gap and lose my...

So many cynics on this board... Try looking through this list, you may find something worth considering. http://www.daytradingthemarkets.com/resources/tradingeducation.html I think everyone agrees that you need keyboard time to learn how to trade the market profitably. The $1000 (or...

There is only one way to find out. The reality is that you will probably lose for the first several months. Even if you don't lose, you should plan on trading small until you can trade profitably consistently. You don't want to fall into the boom or bust category. Unless you have a...

I am a motorcycle fanatic. I currently own an Aprilia Falco. I once road my BMW on a 23 day 8000 mile trek around the western half of America. Motorcycling is great. You are completely in the "moment". Not worried about the past or the future, only the road ahead. I wish I could get...

I am in the same boat. 12 years in the industry, and decided to take a stab at trading for a living. All I can say is that it is a tough nut to crack and alot different then you imagine it to be. I have been trading "professionally" for 4 months now and have yet to turn profitable...