Recent content by JRL

Total BS. I've been in Al's trading room now for an entire year. People like this guy whine about it because Al's not placing orders for him. I often see people complaining about the two-sided nature of Al's commentary, but it's two-sided because the market is usually in a two-sided...

Long @ 84.25. Expecting to get out around the 1289 mark.

If they'll pay for it, do it. Get all the free education that you can. No downside whatsoever.

Do you know Al's story? He's an ophthalmologist, which pays a fortune. After getting bored of doing that work, which wasn't challenging to him, he went and tried to make a living as a trader. He's now been doing it for 25 years. There are a LOT of worse gigs than being an ophthalmologist...

In Canada, if you're a daytrader, and earn your income daytrading, you'll be deemed to be in the business of daytrading, and any income earned by the business will be subject to business income (NOT capital gains). Regarding citizenship - where do you live? That'll determine where your...

Yes, trading gains would be considered business income if you're a trader and it's your main course of business. Capital gains generally will only be on assets where your INTENT (key word) is to hold them over a long period of time. If you're daytrading, and daytrading is your core source of...

Anybody going? Between all of the sales pitches that'll surely be displayed, there look to be a few gems amongst the speakers (ie - Al Brooks). Here's the link: http://www.moneyshow.com/TradeShow/las_vegas/traders_expo/main.asp Nice excuse to go to Vegas, if nothing else. Would be cool...

A nation’s credit rating is analogous to your credit score. Pay your bills on time, never carry a balance, and your score will be near the theoretical maximum of 850. Act like the representatives and functionaries of the United States government do, and your credit rating will be closer to the...

Cool story - nice to see that in the end, it turned out to be a good experience (longevity as a trader). Thanks for that. Personally, I don't really have any interest in automated strategies anyway, so I'll be sure to steer clear of what they're selling. But yes, the fills are what scare...

Wow, some excellent responses this morning. Thanks a lot to all who have provided thoughtful advice and commentary. To answer a few questions/comments: -I'm using the Strategy Runner platform by Global Futures. You can place trades directly from the chart, which is pretty cool. I plan on...

Yeah, no kidding. Guys like Jack Hershey can say what they want, with as much arrogance as they want, and try to make people believe that trading is some sort of complex science that only a few genetically advanced individuals are equipped to do, but I'm not buying it for a second. Traders...

*CRICKETS CHIRPING* Seriously, this is just lame. The fact that you'd waste as much time as you surely did in an attempt to be funny makes me feel sorry for you. Congratulations.

I don't feel invincible at all, nor is my confidence through the roof. I don't doubt that things will be different when I go live, hence the point of this thread. But if it's mostly emotional, and if what I'm trading is an accurate portrayal of market data/behavior - which it seems to be...

I'm not taking small profits all the time, just when I'm not as confident in the direction. I still don't see how this is at all a flawed strategy. If you're up, you're up. As long as you keep the same discipline when things don't go your way, and keep capital preservation top of mind, I don't...