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There are days when you should be day trading and then there are days when you shouldn't. I have no idea atm how to distinguish between the two, so i don't bother day trading.

sorry, I dont understand what youre saying.

just put your stop at the point where u think the trade has gone wrong...if that point is a long way from your entry, too bad.

thanks, imho 95% plus of the traders on this forum will make more from my call (assuming they act on it) than they will from their daily trading activities.

i like this Tom Lee fellow. He's spot on.

I see 30% to 50% upside in US stocks over the next 18 months.

the point is that you will see unprobable streaks the more data you have or witness.

I've seen at least 18 of one colour happen consecutively on a roulette wheel in a casino. When you consider all the roulette wheels in all casinos everywhere, spinning every second of the day, the probability of this happening somewhere is quite high, 90%+.

depends on how you look at it.... 23 in a row starting now = very unlikely 23 in a row at some point in the next 10,000 spins = extremely likely.

interesting breakout, where do you trade spot silver?

Survivorship bias, as your mentor might say... No we don't know each other, apols for using your name.

Well, you only have to get rich once...

how about his former investors, are they still wealthy?

It's been audited by a reputable accounting firm that he did run 11k to $42m. Less well known might be that he then lost at least half of the $42 million in the following year. Bit surprised you haven't heard about this guy, David.

How does Greenpeace make money from its whaling campaign? Youmean through donations? I'm not a greenpeace supporter, just curious.

I hope they don't go after us LFT* guys. *Low Frequency Traders New headline: "Trader accused of low speed trading to make millions in illicit profits"

The trader who understands, deep in his bones, that it is not about being right or wrong (and in fact, he does not care a hoot whether he is right or wrong), but it is about how much he makes when he is right and how much he loses when he is wrong, will be a wildy successful trader.

the sarcasm was lost on u

actually, scrap that, i get it....you take whatever equity u have left and multiply that by 7.5, to obtain a new account balance.....apols.

your drawdown numbers look wrong. if i start with 750k and i lose 5% and then 5% again, i lose 73125 in total, which is 73.125% of my 100k initial equity, not 61%.