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No social security or fica, becaue it is not considered a business. Just 23% plus state income tax depending on your state. If you want to consider it a business and have trader tax status then you would have to pay social security. So best to not have trader tax status. Correct me if I'm...

I also use MACD as my primary indicator. I look to buy when the MACD is above zero and above signal but near zero. Sell to open when the MACD is below zero and below signal near zero.

I'm a CFI. Congratulations on your success. I sat in the IV once at the Lancair factory and my knees were pushed up against the panel (I'm 6'1").

This market is great for trading. What are you talking about?

The signal line rule is least effective. The zero line rule is more effective and the combo is most effective, but that is just my experiance.

I just use the standard settings of 12, 26, 9. It's funny some people make a big deal out of setting as if everything works great if you can just find the right setting. I don't know what would be good for a scalper. If you made 10 es points on a trade that would not be considered a scalp...

How about applying MACD to a 5min chart and entering long positions in a market where a) MACD is above zero b) MACD is above signal. Inverse for the short side. And then setting up a favorable risk/reward relationship of at least 3 to 1. That method would have allowed you to catch the move...

How do you determine overbought/oversold? You might instead explore the idea of using a trend following methodology.

What is your basic methodology? Trend following? Mean regression? Pattern recognition? What kind of risk/reward do you take per trade? I have never traded on a floor, only on a screen, but from what I have read you must learn to be a little more long term (minutes/hours instead of seconds) and...

* to cut those positions which do NOT perform as expected.

The next stage is not to simply cut positions quickly, it is to cut those positions which do perform as I had expected and to hold those that do. My opinion is that my problems and those of most traders has little to do with skill and a whole lot to do with psychology.

I have reflected on this for a long time but I think it became crystal clear to me as I was driving today: Whenever I have failed as a trader the root cause has been my human desire to deny unpleasant realities. For example: I enter a trade because I expect the market to do a certain thing...

I just can't understand why the OP spends so much of his time laughing out loud (LOL), Can't you laugh to yourself? Good Luck to you.

I believe in God. I don't believe that God is a person or object but rather an idea and principal which encompasses all that is good including love. This does not mean that God is a creation of man. The wright brothers did not create the principals of flight, they tapped into the principal...

If Schwager were to come out with a new addition who would he want to interview?

The story of Lazarus was a parable told by Jesus.

To love him is to love and practice the principals he stood for, not to love some long haired figment of your imagination.

The lizard that you refer to is Paul Tudor Jones. The book is Market Lizards :)

I believe in both God and science/evolution etc. Some would say that they conflict, but here is the analogy that I use to describe the situation as I see it: If I were to ask "Is Elaine on Seinfeld a good dancer?" Well for those of you who have not seen the show, Elaine is a horrible dancer. But...

Which futures markets exhibit the smoothest most clearly defined intraday trends. From my limited observations I would say T-bonds. They had a very smooth clearly defined uptrend this morning. But I have only been watching them for a little while. What do you think? Also what is the relationship...