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No, it wasn't a rant, I was stating the facts. Some of you guys have been around the markets for 2 or 3 years and act like you have 40 years of perspective. So let me help you out. Over that time span of 16 years, we had the Asian contagion of 1998 (pretty ugly correction), we had the tech...

Sure, I can poke holes all over your theories. For one, you are missing some key points here. Once a guy is funded, TST has ZERO, repeat ZERO ability to generate revenue from that trader until they fund them because the combines are now all free. So it's pointless for them to try to block...

God Damn how many aliases are talking to each other on this thread. Not one of these fake aliases even trades and most are perma-bears. I honestly don't even understand this bullshit argument. Our markets are actually lagging most markets around the world. We are under performing...

I'm not sure what you are asking. The content of the book formed the foundation of my methodology. A foundation by it's definition though is just the bottom layer that holds everything together. I have levels upon levels upon levels on top of that. I'm not sure what you are even...

He meant that you can't just take something in black and white from a book and suddenly build an ATM in your basement. Shit man, I wish for $30 I could go out and buy a money tree. I could have saved myself the 12k to 15k hours I have dedicated towards this over the last 7 years. I'm sure I...

I never used that nor understood it.

Is that the "what happened 30 days ago is likely to happen again today" indicator?

I got a confirm last week on ES. I think she is going to at least test the 1920 area. A lot of charts out there look really nice. Lot of strong stuff. The market does NOT look toppy. Vix looks like it wants to flirt with single digits again.

Being a trader requires a certain level of math aptitude and I've pointed this out repeatedly on this forum the lack of math aptitude of the avg person here. Managing risk whether it be in dollar terms, VAR or some kind of variance measure, one has to understand that each product exhibits a...

No, no, no. Your numbers are off. That is not the formula Austin uses. OK, take those numbers you listed, and take the sq root of each of them. Then subtract 2. And finally round up to the nearest whole number. So if there is a 14 handle range, the sq root is 3.75-2=1.75 which...

Your math is off here. Just trade two ES for every Russell, problem solved. You are making this harder then it is. The OP made a good point, if you can mint coin trading TF, the ES is about 90% correlated, trade 2 contracts per TF on the same signal. Done and done.

I could not disagree more. Traders need to approach this as a process, a long 6 to 12 month process. It's not about "winning." If guys have so little discipline that they toss risk and caution to the wind just to "win" a combine, I would never back those guys. Look, I've said this before...

Holy Cow, honestly man, nobody was using the 20 day. And I'll bet dollars to doughnuts very few if anyone passed it. I think they realized that and stopped it. Yes, choices are good but honestly, that was a good move on their part. Second, technically they are risking more then 1500 to...

March 11 to April 8th, yeah dude, last month was April. Now you are simply trolling. Wait, you've been doing that from the start. Nevermind.

Holycow, it's my understanding that a large majority of the traders did the 10 day over the 20 day combine. The 20 day is actually much harder. It's counter intuitive I know, but most people want to restrict the chances they have of getting stopped out. I think almost 100% of the various...

The mistake you are making here, and it's a common one, is the assumption that the mid price represents fair value. So if an options is 1.40 bid and 1.60 offered, you assume the fair price is 1.50. I assure you, it's not. The fair value for that option might just be 1.55 so if you sell at...

Whoopsy.... http://www.bloomberg.com/news/2014-05-22/wall-street-bets-on-bond-revival-in-trader-hiring-spree.html

Sorry Austin, just trying to keep you honest here. I don't know how often they upload these interviews to youtube, but here are two guys that passed and got funded last month. I do agree this pace is slower then before where I seem to remember about 2 to 4 guys passing per month so this on...

Wait...what? So Livevol is NOT going to offer futures execution but rather an add on software plugin for IB users? How does this benefit existing livevol securities customers who now have to segregate funds? Maybe I misunderstood you.

Adar, let me help you out there before someone leads you off a cliff. Out of school, you need to have pedigree. No one is going to hire you as a trader, they are going to hire you as an assistant, junior analyst, back office, etc. Unfortunately these are real jobs and require real skills and...