Recent content by TradeBlazer

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    Other stocks/options prop firms besides SMB, T3, etc.

    I attached their trading parameters. Seems straightforward.
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    Other stocks/options prop firms besides SMB, T3, etc.

    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.
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    technical analysis quote from Top Trader book

    Everything is in the charts, so we should become multi-billionaires. Just read the charts. It's all there and predictable.
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    technical analysis quote from Top Trader book

    Except for FOMC days! When the markets go crazy because two lines crossed or because of super-excitement over a change in Fed policy?
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    technical analysis quote from Top Trader book

    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...
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    technical analysis quote from Top Trader book

    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...
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    we need a Careers subforum

    ...to discuss all things related to career progression, ambitions, aspirations, roles, regulations, etc that pertain to working in the trading profession.
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    Other stocks/options prop firms besides SMB, T3, etc.

    they are legit but don't allow US citizens
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    Retail.... 90% lose?

    Did you actually read my entire post? I think you missed the point.
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    Retail.... 90% lose?

    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...
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    Other stocks/options prop firms besides SMB, T3, etc.

    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...
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    Other stocks/options prop firms besides SMB, T3, etc.

    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.
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