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If you want to become professional trader then I'd strongly suggest you study Van Tharp's materials, perhaps start with his Peak Performance Course http://www.iitm.com/products/course/peak_performance_crse.htm it will totally change your perspective on trading. You can read some articles...

It is rather unfortunate that for some "creatures" like you, lots of things will remain beyond the threshold of your perception for the rest of your life. I'm a compassionate person, and I feel sorry for you in this regard. If you would be so very kind and do all of us a huge favor, and...

Try demo trading first. When you feel like opening live account, consider OANDA as a broker, they used to be very good, then had some platform issues for a few months, and now it seems fixed so are back to being very broker in my opinion. Most importanly, you as a beginner can trade any size...

I also agree. Not to have any naked options is a very useful rule for new option traders who don't understand all the hidden risks of possible consequences. However for experienced and traders it is a limiting belief. For example on a well diversified index using strategies such as "Ratio...

Because people think they can make easy money by following others. People turn themselves into victims instead of taking responsibility for what they do. Just have a look how many times the word "victim" was used in the previous post.I know that Sushi understands that, but fuzzflyer has no...

Aspiring daytraders with < 25K should become realistic about their trading skills. First they should learn how to take their 10K (or whatever amount) to more than 25K through EOD trading. If they can do that then they'll have a chance of survival in daytrading. If they're unable to do that due...

Most people would tend to agree that the PDT rule is ridiculous, but it is there and so you have to live with it. If you learn how to trade Forex, you can do all your technical analysis and preparation when you have time, and then use contingent orders for entries, targets, and contingent...

:confused: Let me get it right; you are at work everyday 9-6, and you worry about pattern day trading??? I'm an optimist by nature, but I seriously doubt you will ever become successful daytrader under such circumstances. Be honest with yourself. Your options are to either position trade...

Neither in futures or forex you'll be fighting any automated systems, you'll be fighting only yourself. There are opportunities to make money in both markets. Yourchances of success in trading will depend on "YOU" and not the market or the platform you trade from. All the best :)

SPX is not the hardest to time, it trades fairly geometrically, you just need to use the appropriate analysis. SPX is manipulated all the time by huge institutions, they use futures and/or "programs" on stocks to get their agenda done. If I were you I wouldn’t worry about it unless...

Depending on what you want to do, there are VIX option contracts, though be careful with them :)

You can try broker outside USA, and negotiate lower commissions. Have a look at http://www.questrade.com/pricing/margin_stock.aspx I don’t know if this particular broker is any good, it is just a suggestion how to get around the PDT limitation. Remember if you choose to go this route...

That's all very nice, it but this won't help you in daytrading. You have to develop a business plan, have some backtested trading method, and most importantly learn about trading psychology and then actually turn theory into practice. By objectives I meant things that would relate to market...

This is a myth. Yes, you do get spikes at news release times, but everyone knows exactly when that will occur,so it's not a problem for a day trader. No sane FX market maker will go stop hunting for retail trader's stops, the market maker would have to be capable to move the market in order...

I tend to agree. I don’t think it is really possible to find out what strategies are being used. Maybe they could shadow trade someone. Even if they decide to track large and successful account, then these large traders have multiple accounts, plus they also do all kinds of arbitrage and...

New trader + daytrading = financial suicide Learn to trade in demo account, and forget about opening live account with 10K. Anyway, both futures and FX can be traded successfully, there are some very decent Forex brokers that are regulated , all you have to do is do some research...

Nice, very nice……even though it could be interpreted in other ways as well. :D :D :D

Let’s hypothetically say that the market has shown you a “real direction”, as you call it. The fact is that the market might go in any direction, so your assumption is incorrect. Do it couple of times in a row and say Good Bye to your account, plus you’ll become...

I totally agree with “Redneck trader”, “rnaugin”you're not committed, you're conflicted. I'll only add that most responses to this post (apart from “Redneck trader”) are giving you solutions but in my opinion you need to develop self-awareness and they won't help you and will...

:eek: You’re erroneously presupposing that successful trading is purely a function of picking the right stock. I bet you if someone blows huge account it has noticing to do with stock picking, but it is a result of lack of risk management, money management, trade management, discipline...