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I would move very quickly if I can save 50% on commissions. A penny saved is a penny earned.

I'm not the father. :D

Ask your HR if your 401k has a self managed plan. Most big corporation have this option.

RM = Gordon Gecko. :D

Balls

Step 1: Find Market Wizard fund that will make consistently 40%-50% yearly for a decade. Geez, why didn't I think of that?

So then, lets talk apples to apples then. If you are not trading OPM, and starting small, lets say 50k. Can you do it full time by trading 1x leverage? Returning 20% will get win 10k which is below the poverty line in the US. So what would your advice be if you could not trade OPM? I can...

Well, I think your situtation is different than most people on the forum. First, you are trading OPM. It is easy to not use leverage when you have a big fund, and 10% ROI is acceptable. Plus, you get management fees and trade rebates on top of it. If I had tens of million dollars to...

ADT still has 1.2 billion dollars left on their share repurchase program. Not sure when they will finish that. It seems they are moving quickly to get it done. That is giving the stock some footing and strength. Will be watching closely when the next round of purchases, and if it will be...

First, congratulations on your first trade at 13. And it was a nice winner for $800. It's awesome that you had the balls to pull off something like that. I had a good chuckle as I have young kids myself. And the whole image of the Etrade baby actually trading is quite amusing. I think you...

Dang it, Ed Seykota was right. Everyone gets what they want from the market.

Good luck Neke. I'm still rooting for you to make a comeback. It is really tough to trade and withdraw money out every month to support the family. Big thumbs up to you. Money comes and goes. At least you spent the money on your kids.

Just do it. You are still young, and if you are not going to make it, you would know quickly after about a year. And you can look for a job if you feel at that time that trading is not all that it is cracked up to be. But there are a few things I should mention before you put in your 2 week...

Nothing is stopping a retail FX trader from trading fundamentally. A retail FX trader can buy 3 standard lot of USDJPY at 80 last year and sell it today for 98. That is 1800 pips x $30 per pip. And 3 standard lots is very little, and many pyramid into these moves.

Haha, he turned like $50K into $400K trading on a live account. I saw his trade history, and it is legit. He goes after some high R:R trades. Retail FX is no different that FX futures on the CME. You just have to find the right broker with retail FX for safety of funds. And I would trade...

Come on Oracle, I need some calls, man! :D I got 2 kids and bills to pay! LOL.

^ I know this guy all of my life. I see him in the mirror everyday! LOL. Just kidding. Well, we are not friends, I just saw his verified live account statement so I know it is the real deal. And his profit was at least mid-6 figures last year, and he retired from a 6-figure salary...

FX is just like any other market. There are a few traders that are successful, and a lot of them that are not. I'm sure the statistics are similar no matter which market you are trading. If they are successful, the leverage in FX is so high, there really is no need to trade OPM. I have...

Fixed.

None of you even know what his account size is. If he can trade 10 CL and holding it overnight, I would expect his account be quite large. He is trading his strategy, and I wish him the best. And if your account is not that big, then you are in quite a pickle.