I did look at them and received an application. I could do with them but they don't provide much capital or leverage for options held overnight. I swing options, that's my bread and butter.
I'm not into price action (candles) alone being sufficient. You aren't saying this but I am leading up to my point. I really think the best TA involves a points system of indicators and signals. I created an 11-pt analysis that I call a diagnostic that I use to guesstimate price action (I trade...
In the book 'Market Wizards: Interviews with Top Traders', the chapter on Bruce Kovner has an interesting passage that reads:
I do both TA and fundamental analysis and thought it was interesting to compare TA to a doctor taking a patient's vitals before making any further assessment of their...
...to discuss all things related to career progression, ambitions, aspirations, roles, regulations, etc that pertain to working in the trading profession.
We hear this stat thrown around a lot. I have even heard that 90% of traders lose 90% of their capital within 90 days. That's a cute adage but doesn't really hold water.
I think the idea originated in the 70s or maybe the 60s. But I wonder if retail trading failing this badly is still true...
the way they calculate their consistency rule is you must achieve at least 50% of your highest trading day for 8 days in order to complete the challenge. So having a huge day of $6,000 can ruin the whole thing. If you are used to making $500-$1,000 per day, it would be much easier to complete...
I did it twice but their consistency rule is shit and bit me both times. If you have one anomalous day, such as a $6,000 day, their consistency rule wants you to achieve half of that eight more times.