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Good advice. When playing in a zero-sum game, pick your competitors carefully. I'm not going to play against Virtu and Citadel.

$377k sounds a lot to most people but really depends on individual. If $377k is only 1% of his fund size, it's entirely acceptable. If it's 50%, then big trouble.

Thank you for the link. A reasonable time frame to use will by closing hour of Sydney session, particularly when it is also overlapped with Tokyo session. In other words, the best closing hour for AUDUSD should be 1300hrs-1400hrs in Australian time or 1:00: am - 2:00 am EST

Closing hour is usually considered the most important hour in financial markets. Take for example the AUDUSD. For traders who trade AUDUSD, what is considered the closing hour for AUDUSD? Is it 1300hrs-1400hrs in Australian time which is same as Australia stock market? Use the closing hour of...

I prefer the yen-based Nikkei225 futures contract. Both CME and SGX look similar. Which one would you trade, if you have to choose either one?

I would like to trade yen-based Nikkei225 futures but I am new to it. I am using Interactive Brokers. I am confused over which Nikkei225 futures contract to trade. CME or SGX? What are the pros and cons? Which Nikkei225 futures contract do the elite traders here trade?

As a retail guy, I have a huge structural edge over big, institutional firms. My fund size is much smaller. LOL, I'm sure the big guys do not want my kind of edge, even though it is a big edge.

Don't trust testimonials. Some students are given incentives to give good testimonials. Like discounts on course price, free books ... Well-known trick in the training industry. The only thing you can trust is long-term (10 years) track record showing all the past transactions, including all the...

Precisely my point. Did Jim Simons spend most of his time making money from the markets using his algos or teaching his algos after he discovered his money-making algos? Successful practitioners spend most of their time trading instead of teaching. If you make most of your money from trading...

This is the best piece of financial advice I heard with regards to trading courses. https://www.elitetrader.com/et/threads/best-financial-advice-i-heard-regarding-trading-courses.328821/

Can using only limit orders help retail clients of Robin Hood avoid lousy fills?

There is no right or wrong. Both methods work. One advantage of mean reversion to most people is it is more comfortable psychologically to do so because humans like to buy cheap, as in shopping. What about the opinions of the elitetraders, especially if your preference is mean reversion?

A standard piece of risk management advice is not to risk X% percent of your portfolio. Should X be different for day traders versus longer-term traders who hold their position for weeks to months? Should day traders have a lower X? What is the opinion of elitetraders regarding this matter?

I don't know how to evaluate these trainers because I don't even think about trying them. It is much cheaper to learn from books and websites and forums like elitetraders. Pretty dumb to pay thousands when free resources are available.

Why is the size of his trading account less than $10m when he is making risk-free $1m per month from his students? I would expect a successful trader to have a much larger account size if he's earning risk-free monthly income of $1m. If I'm a potential student/subscriber, this is the question...

I edited the opening post. Added some context. Do elite-traders use different methods in different asset class? Say, trailing stops in stock indices, profit targets in forex? How about in different market conditions (bull vs bear market)?

There is no right or wrong in the choice. I would like to the views from elitetraders here concerning this issue -> When do you use profit-targets versus trailing profit stops when taking profits? Do you use different methods in different asset class? Say, trailing stops in stock indices...

If python a good software for doing back-testing? Anyone tried it? How does it compare with using specialised software like Ninja, Metastock, Amibroker?

depends on how risky IBKR deem your portfolio is. They can raise maintenance margin as much as they like to protect themselves and in so doing, other clients.

Not possible. Elliot wave interpretation is discretionary, not objective.