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ah social security. America's way to try and soften darwinism :cool: RT

Are trailing stops reliable? They seem to have a number of benefits (for swing trading) in that they market makers don't "see" the stop since it is not actually entered so they may not trade down to it. Also, I would think that a good trailing stop would ensure that the majority of the...

"you're gonna eat lightning and crap thunder" -Mick (Rocky I & II) can be associated with trading if your mind lets it:p

i too would like to know who this agency (has it been confirmed that we are talking about a prop shop?) is so that it might help others who find themselves on their doorstep. RT

i'm curious too.

foible, My #1 suggestion (as it seems people are handing alot out) would be to get your system on paper. I found that when begining, it helps alot (discipline, confidence, emotions) to have your trading system documented and sitting right in front of you when you work. It would help avoid...

what if it is still moving:confused: time stop sounds weird....you should exit if it stopped moving. not wait for a time period to elapse. RT

i believe that as a trader, you are aware of money managment issues which in turn often carry into daily life. well, as a good trader:p

Call up the IRS and get the yearly income tax book (dont remember their official name for it). Use it to figure out what you have done that can be deducted through itemization and credit(s). RT

could anyone give me a source/list to find prop shops? thanks RT

wow....i believe coolweb may be the best in the field at attracting arguments...or should i say, "player-haters":p I agree with the other posters. People are in business to make money. Period. (although that is what I have been taught, so that might not count haha) People are not in...

in defense of Ebo, I don't think that was much of a "broad" statement. He did not say scalping is a loser's game. His opinion was of scalpers who scalpe 50x or more each day find it hard to maintain a profit in the long game. He never questioned the term scalping and I am confused why you...

Why do you have a time stop?

glad to see i'm not the only one with this view. may i ask of your typical trades/day as a scalper? RT

Steve, First, let me tell you that I respect you for your success in the market and have become aware of your vast experience. You, my friend, are an exception to this idea since you have been experienced enough to follow the basic rules and succeed. In this approach, I am referring to...

you are right...my whole point is that i am assuming the trades which I elect to take are going to be more profitable than those I elected not to take. The reason is because I can wait for better/more signals and (by the standards i use) have a higher probability of success. Also, I am NOT...

just say: "I predict the future for a living and it is highly profitable" ...while pointing to your new car:p really though, i'd go with "something" manager. If you tack the word manager onto anything it sounds very good:D RT

correct. But reducing diversification in this case (scalping) does not move the risk up nearly as much as the rewards. Diversification also limits max profits. Do you agree with the statement that the fewer trades that are made, the winners:losers should be greater? (from the larger amount...

i saw where it came from, but as i said, not sure what I was intended to make of it. RT

I understand that viewpoint, Steve. I believe that the more you chase after every potential profitable opportunity, that you start to overtrade (as you can see i believe many do) and your max potential profits slide. I would like to say that overtrading is a different point for each...