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Your accountant will explain the taxes to you and your lawyer will handle assuring that your POA will be functional for your passive investing or trading.

There are two helpful aspects of making money on your initial capital. As soon as you have doubled your money, these two items apply. They have a special importance in a traders career.. Remove your initial capital once it has been doubled. 1. This makes the capital available for your...

VERY GOOD. that was fun. For those who experienced it, we did the WJO'N rally attempt analysis calculation four times during the stair case. All failed usising this 3 to 10 day test*. From memory, I think the RAA is on page 69 of HTMMIS in a pre "87 edition. This was in a West Coast...

this trade or "set up" for CW folk is common as the "open trade", the "gap trade", and the settlement trade in the early pm. Also there is the matter of those who do gedging in order that any effort they "bet" on is NOT naked. Here you have the "sudden" evoking of "protection" in the form...

you have three moves on the faster fractal and they could be called 50%'ers. The middle one being a retrace. Next you see a fast fractal 200%'er and as time passes there are several more 200%'ers, either dominant or non dom. This first 200%'er is a "reversal" in lieu of just being a...

On ES (5 min) and using New York time, the time interval from 8:00am to 10:15 am on the recent 25OCT10. This includes the phenomena Joe almost articulated with respect to change of dominance (sentiment) on two adjacent fractals where the 200% was happening. Joe doe not, as a rule, post...

There are pools of capital. Markets provide access to the pools. The market offers through a mechanism. Capital must be used as "the price of admissiion" to participate. Fast forward to selecting the "use of capital" to participate. The shorthand representation for poor choices...

The simple and profitable approach for charts is to use lists. Just let the list give you a signal and go to a P, V chart and carve the turns by visual observation. Use this one pager with a selective universe. Neat and simple. PVT trading ranges from 40 to 100 turns a year all at...

LOL....

Joe is discussing two fractals and two aspects of indicators. By leaving out parts of each of these four items, he is allowing others to get to the same place as the two posters who responded to his OP. With respect to trading it is always a superior idea to have full knowledge of the...

Cheers. Thanks for making my point. It is important to recognize the number and magnitude of the profit segments in a day. The poster noted a net of 12 points per contract and he noted the daily range to be 11.75. The number of trades compared to the number of segments makes things...

Here is an example: Read page 173 of "24 Essential Lessons for Investment Success". Notice that the times are roughly the same as yours and there is performance. Probably, as a second thought, the person wrote some books. What he did after spending a similar amount of time in his...

There are a lot of uncomplex quiet people who simply take in stride getting rich trading. Getting rich trading has no "ultimate prize" facet to it at all. It is a very routine uncomplicated process for anyone whose mind is differentiated.

How was it possible that you had never run across the myth of the "full time trader"? Think about it. Or continue to not have considered it.

At this point in the intellectual consideration of the potential of trading, most potential traders are facing the "Fear" or "Greed", myth propounded by the superficial CW types. Actually "ignorance" is running the show and it is supported by the Lizard Syndrome which we all know is related...

Thank you for doing the drawings. Now we can move to discovering how market turns take place. I suggested drawing a bar and along the bar adding the path that the ticks follow to form the bar. Your first figure is a "continuation" of a short trend over three bars. Your second figure...

Your illustration covers the time before item 1 in my frenchfry 2 illustration dated 18OCT10 and provided to ET at the time stamp dated. As you do not see in your illustration for your post, by this time (your illustration shows 298 and 294 on the "seconds"), we all are at N. This path is...

Page 3 was in chart form. It handled the midday period. Look closely at the top of page 4 and you see the profits taken. With regard to cycle 2 stuff, I am sneaking in some learning. Also you are getting to see the gist of cycles 3, 4, and 5 where two consecutive Doms are NOT separated...

Yes, you are correct. 60 days and 204 trades. Five, 12 day, cycles. Laying out an Excel sheet is fun. It can represent a plan. The spread sheet can also be used as a record. The spreadsheet is a learning tool. the spreadsheet can be used as a comparison of progress made in...

I started very small and only positiion traded stocks. I added 50% of my pay check to my account. I traded and had full time job. When my commissions equalled my pay check, I kept working for two more years. Half my commissions were paid by pay check and half out of profits. Pay check...