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There is an old adage...when in doubt stay out. A trade signal should be clearly defined and clearly seen. I don't want to have to figure out the meaning of life every time I take a trade.

Re day trading, you are not risking "all" on any given trade, you are risking X dollars/ticks on any given trade. Some trades work and some don't hence stops. Can you risk it all? Sure but prudent traders manage risk/reward, that's an essential piece of the skill set.

Again, apples and oranges. As a small retail trader, I can safely leverage a low 6 figure day trading account to low 7 figure positions multiple times a day. We become adept at navigating a jet-ski through a tight slalom course. It's an entirely different thing than a fund manager ferrying a...

The only factor I would explain this with is higher vehicle cost thus higher amount financed. I believe most people these days (certainly more than in the past) understand that insurance policies are much cheaper off contract and interest rates are low. It's also gotten more difficult to sell...

100 million HaHaHa. You clearly have no clue as to the nature of leverage and ROC related to competent futures trading. BTW, I shave when I want.

These threads often involve different people talking about different things...apples and oranges. Your premise spoke to the difficulty of retail trading. Yes, if you want to break into the institutional arena these days an MBA or PhD from an esteemed institution is a start. Having spent years in...

Even if you were able to secure a qualified mentor, someone who trades for a living and not simply someone in the mentoring business, all you can get is ideas and direction. You will trade differently than the mentor because you ARE different. We all have different personality traits and...

SLM, the problem is there are few qualified to mentor who would actually do it. Profitable traders don't need the money or are willing to commit the significant time and effort to mentor someone. There are no short cuts, either do the work and yes that includes countless hours studying price...

Bob Green is the man.

This

I'm a day trader Mickey, I see what number is calling...most get ignored and if my car breaks down while I'm trading, I am not aware. BTW, I am single and can easily control my environment.

Similar dynamic to losing that 20 pounds, quitting smoking, learning a new language, regularly working out....one can either summon the will or one can't.....most don't.

:D

The problem Mickey is nobody can define "vast majority", a lot of people pull numbers out of their ass but retail trading is not subject to public disclosure. Extrapolations often come from closed accounts but I blew up three on the way and am highly unlikely to be unique. Bottom line, if you...

Price Drivers ?

It works like a double negative.

:D

:D

:D:rolleyes:

This Abbot and Costello routine sure smacks of surf and one of his sock puppets. It would make sense that he would be reduced to dialing for dollars as a stock broker.