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I would definitely reduce the capital in my account. OR if you have a good broker you can ask him to have your trading size reduced so you'd be restricted to trade a number of contracts at one time. You're broker should do that if he care's about your account and not just his commissions.

I'm glad to know I finished college way back when; when this was still considered the land of milk and honey :)

Casino's may not offer margin but they definitely do offer credit. I've seen this story many times on Elite Trader. I day trade only when I have the time and am not working, and I have set aside some capital I can afford to lose for day trading. These types of stories really give me a...

Hi Kensho, Was day trading your only source of income? And what other type of employment information/careers do you have besides day trading?

I'd definitely find another alternative if I were you. Trading takes a lot of time, patience and risk capital. Many of my friends who are new to trading, come into the game thinking they can make a nice living trading markets, when in reality they lose the capital they start with within the...

I would check out these two sites on the NFA website Compliance: http://www.nfa.futures.org/NFA-compliance/NFA-commodity-trading-advisors/index.HTML Annual CTA requirements: http://www.nfa.futures.org/NFA-compliance/NFA-commodity-trading-advisors/annual-cta-requirements.HTML Good luck!

This just show's he can't stay disciplined! And when you're not disciplined in these markets your bound to lose a huge amount of capital in your trading account.

Couldn't agree more! Take the time to learn a strategy that fits well in whichever market you're trading. Observe the market, journal the days, develop a strategy to trade the market, and stay disciplined!!! Don't cry about not being successful in these markets on a public forum because the...

That really is a great share! I always bookmark on ET so I can get to the forums I'm most interested in :)

That's exactly how I interpreted the statement "I guess you'd have a lot of oj to drink" Also, I have seen that OJ hasn't had an up day in the past six days as well! I must say though it looks like an up day for OJ may be just around the corner. Guess we'll have to wait and see :)

Great song that is current :) Enjoy! http://www.youtube.com/watch?v=8UVNT4wvIGY

This is great news for cancer patients and families! Although it may not be the ultimate cure it may help people with cancer boost their immune systems and allow them to live a somewhat normal life....

True but if you are looking at a true hedger who actually owns the instrument or in this case commodity; for example farmers, airlines, etc., than these traders do directly use the commodity they trade.

It definitely takes time and experience in these markets to be able to control your emotions. But even than, seasoned traders still find themselves sometimes panicked in trades. It's how well you can handle it and still be focused on the trade.

I couldn't agree more with the quoted statement. I don't think that's what trading is all about but I definitely think it's a huge factor about the longevity you are able to maintain when it comes to trading these markets. It's about being able to set a loss limit and when you have that losing...

I think emotion and fear are huge factors of why traders who trade stocks, futures, options etc find themselves with no success. Paper trading definitely gives traders who are new to the game a false interpretation of how they would react in real market type settings. Especially when they are...

I hope this helps you out :) Have a wonderful day! http://www.cmegroup.com/newsletter/web2lead/web2sf-old.html

I believe it's only illegal when you are a license broker and your blog has not been approved by the SEC and also if your blog traders are compensating you for this blog or to receive your trade suggestions. I would definitely check the SEC website though just to make sure.

I think day trading would really only be a losing game if you aren't able to manage risk and set realistic goals for yourself such as a profit target and daily risk potential your account can sustain. I think it's really dependent on the longevity of your account and how long you are able to...

I haven't heard of this site. But it looks good :) Thanks for the post!