Recent content by Flash2007

Recently made the decision to reenter the markets. Been passively trading, working with friend who is active with index futures trading. My experience is prop trading firm capital, held Series 7, 63 for ten years but no longer active. I have the credentials ... the right school, the right...

It makes sense for a career minded person to work with a prop firm. Think about the business model: the prop firm assumes more risk (ie capital), so they are vested in the successful trader and promoting successful trading. Their margin is more dependent on profitable trading. They...

You have to look at the business side of the Brokerage business. Most of the PUBLIC is long-buy orientated because they are conditioned to buy mutual funds, ipos, and equity offerings from sell side firms. Plus, historically, step back look at a chart of the Dow from say 1950 ? to now. Until...

Caveat emptor... I am learning this stuff too... It would be nice to see SNDK hold the 50 level support, and press toward 60 level for possible breakout.... that would look like a cup and handle, at least to me. but in this market environment I would have short ideas too. tech gurus...

first of all, I am no expert. All I can do is share what I have been taught by traders who have experience in the markets. I have been told "The market is always right". In other words, my opinion or market bias is irrelevant, and probably a waste of effort and energy. It makes more...

I'm not that smart...but Don't Rule 3 and 8 contradict each other ? 3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool. 8. Trends test the point of last support/resistance. Enter here even if it hurts.

You sound very intelligent. I am a believer in Technical Analysis. I have seen its application make traders TONS of money. For me TA gives me tendencies, high probability opportunities. That is all I can hope for, situations where the odds are shifted into my favor. And those...

1.50 per 1000 / 99% / $1000 ? Where's that deal ? I've been looking and have seen nothing like it? Are you experienced ? Is it in America or Canada ?

good original call...since 7/2 (your original call) market pushed to 14000...psychologically every 1000 provides resistance, may take time to close above 14000. Your call was profitable, I hope.

I guess I have a romantic view of trading. It bothers me when others compare trading to poker. The POINT ??? Why do people group trading with poker, when the implied goals of the trading firm and casino are diametrically opposed ? To a casino a successful professional poker player is...

I am no expert...I am gathering information myself. what helped me with Trend trading was reading The Way of the Turtle by Curtis Faith. It will explain who the "Turtles" were, who started the group, why it was started, and describe the simple, robust trend trading system they followed...

you bring up a good point as far as personal affairs go... but were talking about business here. I don't consider a deposit of 5K, or 10K, or whatever K, with a trading firm the same as giving my mother a couple of grand so she can enjoy herself on a cruise. Call me crazy ...

I am pretty new to EliteTrader...but eagle488's entry is the wisest thing I've read... he is on the money. Rarely in life has a deposit been returned without a fight, struggle, or resistance. If ever ... My impression so far in my search is that some firms are focused on getting 5K...

anyone have info about Chimera? only info I saw posted was about monthly payouts....which isn't a problem for those with commission based income history.