Search results

Where's the roller coaster again? Last I checked the market has had a solid rally off of the lows in March 2009. There were a few blips last year that began around the time the SEC announced their GS investigation, followed by the Gulf Oil Spill, and the Flash Crash (which was a great day to...

Good luck to you increasenow. I remember trying to give you advice under my old handle....I see that it fell on deaf ears and your journal is now in Chit Chat. This thread is...how should I say it...this thread is a good way to lighten up a day. Pick a product dude. Stay with it. Figure...

If you think this is irrational exuberance, then you may not personally know any traders that traded during the real golden age of trading. If you don't know when that was, then do a search on ET or pull up a NAS chart covering the last 20 years...you should be able to figure it out. I...

Great quote. I actually totally turned off my P&L to only focus on execution 2 days ago. I'm going to stick with it.

Lol. Thanks. I clearly know nothing about currencies.

I think Richard Dennis also lost a lot of that money afterwards. I'm fairly certain of that actually (he may have made some back?). It's still impressive that he built up such a large fortune from such a small sum.

No. They are not correct.

Did I read this right? Daily take = $707k? If so, that's pretty incredible. And if so, why would you be a part-time trader? I share your sentiments regarding posting in the P&L thread. I think I'll stick with it for awhile longer to see what happens. Plus no one really participates...

I won't throw them out. But you're welcome to laugh. I never said it's the reason the market is up. I trade price action. Period. I don't really get into fundamental analysis and reasoning for why the market does what it does. If the trend is up, I prefer to be long. If the market tanks...great...

Bhardy....I've read and reread most of the stuff that this guy Lucias is saying & the fact is that it's a bunch of jibberish. You're clearly new to trading. Listen or don't. The best things that you can do at this stage of your career are: listen to the traders in your office that make...

I'm not 100% sure if this is contrast to what you're saying or not...but in any given trade I believe there's a certain amount of luck involved...but over a long period of success I would say that luck isn't an element of the equation. However, I do think I would've been lucky to trade during...

+1

Because it holds.

We trade price and our responsibility is to protect our capital first, and make money second. Period. BTW...Mav I read some of your posts on the classic tape reading thread about 4 years ago when I first started in this business and it helped me out a lot. Thanks.

If you have the opportunity to go to college, I say go to college. You can trade while you're enrolled and the markets will still be around when you graduate.

You should be trading the minimum size until you figure out what you're doing. Why raise your risk to 2 contracts unless you're more concerned with making money instead of paying the lowest tuition that you have to pay in order to learn how to trade? Anyways, I'm done with suggestions and help...

What are you talking about? You don't know anything about his background -- he may have a degree. You don't even know if it's his capital that he's trading (he said he's a prop trader -- if he's a true prop trader he didn't have to put up any capital). @bhardy307 -- ignore this guy and...

I'm a prop trader. I learned how to trade by being paired with a trader that was making $400k>/year. As to your suspicion, most everyone that I know that has become profitable (myself included) does poorly at first...you would probably do less poorly for a shorter period of time if you had...

I'm an equities trader, therefore I have no insight whatsoever into trading the ES. Recently I've begun a new approach in my intraday trading that focuses upon going with the trend as opposed to fading the trend. At the outset, I had pretty tight exits for my winners which caused me to miss a...

The new Domino's Pizza is actually pretty good. At least they made a concerted effort to improve. I ate some Pizza Hut a few weeks ago and it's got to be THE worst on the market. They're only trying to compete with Domino's by lowering prices but they're product is horrible. IMO, DiGiorno...