Recent content by Jaytrade

Great thread... Keep battling Neke, this keeps me going when I'm on a bad week of trading. I can't imagine being down 100k, makes most here look like peanuts..

Dude, You can trade anything with price. Currency, Futures, Stocks, Options, Bonds, Commodities, and even Weather. Just use proper money management. You don't need to max out on the leverage, use 1% of total trade account on a position. So if you trade FX, you would trade 1 mini lot...

15% a year is quite possible...actually, that's really modest.

use 5k for tuition. Trade as small as possible, until you "get the hang" of it. Learn what you need to know... Read about common mistakes and watch yourself objectively.

This is true. I can't say I get much respect from friends and extended family. One relative had the guts to say to my face, "Get a real job." Obviously trading is a real job, because it's making me real money for my bills. You just have to find friends who trade and make allies. I hear...

About drawdowns.... After taking a big one to the chin, exercise...punch bag...etc... Advice: Does anyone keep a "pure speculation" account just to do risky crap? I think that would prevent major mistakes by using a small-"gamble" account and keeping your main account conservative based...

I agree 100% :D Coke and Hookers after a losing day. Take the week off somewhere in Mexico and wash it down with some Tequila!

I don't work at mcdonalds, nor do I eat that shite, well rarely. yawn. mods should close this thread..

Anytime you risk ASSETS or MONEY you gamble, not that you can't have an edge with your gambling. You can gamble with your money, rolex watch, cars, house, loans and even your future. Therefore you could view life as one big gamble! Really! You just pick the gambles you take :cool...

Small doses of "Cannabis Sativa" will brighten your day. In moderation, along with exercise.

The USA doesn't have a tax rate of 35%! Futures are 60/40 long term short term and stocks are like 15% and 25% long term and short term respectively. Then there;s currency trades, which usually are NOT reported to the IRS, period. The "correct" thing to do is list it as Misc income, which...

All you need is SKILL and MONEY. Put em together and you have an ATM machine that spits out cash after punching in the correct PIN. If you don't have money, get an easy job and save up a few thousand. Then go at it! Ha, it's not at all easy trading your own cash...But it's a good way to...

Coke and Hookers this weekend, woo hoo.

Wow this thread sucks. A chart is a chart is a chart, who gives a fuck. I knock off 10 points on the YM in the same way as FX.

I would say trading for a living is a bit glorified by some. You shouldn't expect it to be easy or profitable at first. It's really lonely and nobody usually understands the business. My career is just starting, being that I'm 20 and only 1 year active and 1 year general involvement with...