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spectre: Yes. I am scared to loss. I was once lost near all my capital in the Forex market. This was because I could not cut the loss quick enough. This horrible experience exists in my mind that I force myself to cut loss ASAP. So taking loss is not a problem for me now. But I am also...

Thank for the comments. I already have my own system and plan. But my problems are: 1. I am afraid to initialize a trade even my system gives me a signal 2. I am unable to adhere to the plan (sometimes cut loss too quick and also take profit too early) 3. I cannot concentrate on the...

Many gurus/books said, one of the most critical factor to win in the market is your mind. I am sure it is true and it is very difficult to control it in such volatile market. Did anyone do any training of the mind e.g. hypnosis, NLP etc., before trading? Are they useful?

If you could make more than 1000% a year for a few years, Bill Gate wouldn't need to bother running Microsoft. He should come here, give you half of his money to beg you teach him how to trade!!!!!!:D

What is your LONG TERM return/year?

Agree! I cannot think of any profession that doesn't have some one doing some bad things to the society. Even the doctors, many of them only want to make more money from you or the insurance companies.

After trading for a few months, I feel one critical element of good trading is the entry. Some people e.g. Alex Elder said in his book that it was safer to enter in short bar than a long bar. But some other people said a long bar was a great opportunity. I still cannot figure out which one is...

I saw many people/books mentioned doing arbitrage by buy futures and selling index(the spot) or vice versa. But how to buy/sell the index? Buying the QQQ or the stocks? Is arbitrage only suitable for the pros? Anyone doing it at home? Some people said doing arbitrage required very cutting...

Breakout and Don: Thank for your comment! How could you specified the number of ticks to dispaly? My system seems to only dispaly tick-by-tick charts. What software are you using?

I never work in the financial sector, so I really have no idea about the wages of people working there. How much would a trader, stockbroker and analyst expect? I know it can vary from time to time and from where they are, but I want to get a rough idea of their income so I can compare my...

Anyone knows book/website teaching how to use the tick charts? It seems this is a rarely discussed topic.

After watching the show "IB system breakdown" today, I am sure many other brokers also have such problem. Does anyone know other brokers policy towards systems breakdown? Will they pay for damage?

Can I pay a montly fee and then trade unlimited amount of contracts? Any such broker exists?

It seems IB can create a wave of selling!!!:D :D :D

SethArb: Did you mean to lock a position with the second broker if the first one down? But you always need to reserve some capital in the second one, otherwise you may not able to do anything.

Yes. Down!!!! How often would they down every week ? And usually for how long?

A newbie question: If there are so many people losing money in the futures market, there must be some people take the money in addition to the brokers. Who are they? Any idea?

Yes. I know we need to have an edge to win in the market. But this is more about the trading systems, methods or other technical factors. What I am concerned is risk and reward factor and also the money magaement.

Allenz Actually, my a/c has $12k. But I am very caution. I give each ES contract 120 points or 200 points for emini NQ. I think by doing so and never leave contract overnight, I can have little chance of getting margin call. Unless Bin Laden comes again :D My stop loss is 1 to 2 points...

tntneo They claimed 30 points in ES PER ONE CONTRACT every week.