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Dude. You're an idiot. If you do happen to make money in any of your leverage ETF trades on the long side, regulate that to luck. You're going to need a prolonged, multi-day, large percentage down for you to even get back to flat in your positions. You're trading on hope. You better HOPE that...

You realized there would be an upturn today? STFU. Seriously. That's among the most ridiculous things I've ever read. Funny you didn't make a statement like this pre-market Tuesday or post-market Monday. This is really only a statement that someone that makes absolutely ZERO money as a trader...

Do you have any idea how leveraged ETFs work? These instruments are not intended to be used for overnight positions. They are intended to be used as intraday trading vehicles or hedges. Read a prospectus. You should definitely gain a better understanding of them before you lose all of your...

You are far behind the curve. Hence the date of the article below on Zero Hedge. http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html Don't worry, you're not alone behind the curve. Barron's is far behind the curve as well. Hence the date of their article...

Wow. You clearly don't trade any instrument at all for a living.

I don't know. Ask the people that bought MS MER C BAC and GS on the way down each time the US Gov't announced a plan to provide financing -- trading with the gov't hasn't necessarily been a full-proof plan. Either way, even the plunge protection team takes breaks...all buyers eventually take...

Oh ok. I'm just giving you a hard time. To be sure, I've been trying to get short recently for a multi-day hold, but these trades continue to morph into intra-day trades. I'm interested to see what happens this week now that Barron's has picked up (so so so late by the way) a story...

I've bought and sold SRS a number of times over the past few weeks. I've made money almost each time (keyword almost)...either way I'm net positive in it. Each time I've been looking for a much larger multi-day move but there is a huge, undeniable bid in the REITs. So instead of holding it...

No disrespect, but by definition and considering your present positions, aren't you the "dumb money"? You really are dumb money if you enter positions based on realmoney.com sentiment polls. I haven't been to realmoney.com in years so I could be wrong about their information. Isn't that...

The bottom is in...definitely! Or..maybe it is. Or maybe it isn't. I don't know. It has been and will continue to be interesting to see how the market continues to digest investment bank and regional bank earnings results. Zero Hedge was spot on with the call on AIG padding investment banks...

What is the point of a post like this? The ideas introduced are not novel and they are not constructive. Most importantly, the ideas related to daytrading are NOT correct. I just wonder what is the underlying motive for someone to even create a thread like this. I trade in an office of well...

Johno, I'm not entirely sure about the first part of your comment, or even what you were implying with the above quote. However, the part about prospective (and existing) traders not comprehending the requirements and implications inherent in buying low and selling high or buying high and...

If what you are doing is profitable, then you should do more of it in larger size and gradually you will grow. One of my styles of intraday trading is trend-oriented (I will not elaborate on it) and I can tell you that 4 trades per session is an incredibly low number of trades. Unless you...

You traded 16000 shares and you're new and you only lost $100 less commissions. Don't be so hard on yourself, that is a low tuition. You cannot make money by not pressing the button. More importantly, at your stage, you cannot learn how to trade unless you trade. Don't do anything ridiculous...

Any full-time profitable traders here from the D.C., Maryland, Virginia areas?

For the most part yes. However I do have a long-term account within my firm as well, and many people use their long-term accounts in conjunction with their short-term accounts. I however do not feel comfortable using my long-term account quite yet just because the risk-to-reward ratio makes me...

You clearly have no idea what you're talking about or either you had a terrible experience with a firm...either way you're jaded.

There are some pessimistic and dim views of prop firms and the traders that trade there expressed in here. While I'm sure there are many cases where prop firms are comprised of traders that do not have other options and the training at many firms is illusory at best, this is certainly not the...