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WTF do you think will happen? If people have no money, no hope of making money but still want to eat and whatnot, wtf do YOU think will happen? Use your brain please, the answer is quite simple. Let's hope it doesn't get that far.

There's your first problem, the stock market is NOT a zero sum game.

wow, you are quite unfamiliar with prop trading aren't you?

Daily profit goals are for losers. Focus on taking the correct trades and managing them appropriately. I promise you, if you do that, the money will come and come in droves.

+1

dude, it goes in feedback! Not classifieds.

so far, the vix divergence correlation from yesterday has indeed led to a strong rally thus far. Lets see if it hold for the day.

did you even read my quote before disagreeing? I never said the mkt wasnt in shambles, I merely said the vix divergance today points to a potential one MAYBE two day rally. Nothing more, nothing less. Your post back to me addresses many topics that have nothing to do with my quote. I don't...

Gubinec, yes very hard to make money within your first year simply because you need to see DATA print ad nauseam before you can truly find correlations that you feel comfortable taking advantage of (and that work!). Sure as a noob you'll catch a few weeks were it seems incredibly easy to make...

There is no way around it, if you want to learn this game, strap yourself in for 2 years and watch everyday and learn to pick up on patterns and correlations. Keep a notebook and write down observations and then cross reference things as time passes to find consistencies. It will take a BUTT...

1000's of hours of screen time with purposeful intent. Finding Price and volume correlations (what I use but you can do whatever you see fit) and basically an understanding that, realistically you should plan on at least 1-2 years of no income from trading. Lots of pattern analysis and the...

VERY strong vix and mkt action divergence. Indicative of perhaps a pretty strong one or two day rally (after todays close) if the day closes with the same divergence. Lets see what happens, lots of trading day still left for that to change though. But something to keep an eye on as these don't...

Actually I bet that would hurt you way more, in the sense that your not coming in with a proper blank slate but rather with "experience" and probably a chip on your shoulder because you've been in the biz. Trading though, is an entirely different beast. Forget ALL that you think you know and...

WTF?? You said in your 25 YEAR CAREER "Seriously ! These markets are the worst I have seen in my 25 year career. If your making $ your just lucky and you should spend it while you have it. What a fuckin mess the politicians and bankers have gotten us all in."...

Perhaps, but it doesnt hurt to have a few guns and start stockpiling a bit of canned food.

your posts, flutty, sound like someone who is getting lucky or unlucky with their first trade of the day which, determines how they proceed the rest of the day. I of course understand why you feel the way you do. But when you have a method with positive expectancy, you shed those emotions and...

Your thinking makes sense on the surface. I completely understand your thought process here. But what I am saying is your thought process is wrong for trading. Your putting too much attention on the RESULTS rather than the PROCESS to get the results. If you have a solid method, the money will...

Just tell the man to keep the bus under 50mph otherwise he'll activate the bomb.

Its pretty widely known that CNBC is mostly garbage, you haven't figured out something new here.

Ok, but all you are doing is reinforcing a bad habit and that's focusing on the MONEY more than the METHOD. If the method is good, the money will come. You're just adding unnecessary emotions to the equation (feeling high after a good trade and scared after a bad one).