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Trading is UNLIKE any other business, to the point where it's misleading to even call trading a business. You seem to suggest that a business trying to sell its stock to customers does it by passively sitting and around offering to sell and waiting for an interested buyer to rock up. If you...

Who cares?? Why not just go and find out the facts for yourself. They're pretty easy to come by. We're talking about a prop firm, not "what's it like to walk on the moon?". Meaning? Meaning it's not hard to find out what you need to know by yourself. If you're the kind of person that's...

WTF??? When I read statements like this I really have to wonder whether the person making them actually trades himself. To the original poster of this thread: when asking for opinions, be VERY careful of accepting any (including mine) at face value. ALWAYS do your due dilligence.

It took me about 3 months of consistent losses, frustration, anxiety, depression and insomnia to admit that this was gonna be harder than I thought. Cost during this period (including data, software, books etc) - $5000 (note: this number would be bigger, but I made $2500 in my second week...

I'm assuming you're referring to a terrorist attack - I can't imagine there'd be a country stupid enough to attack the US on its own soil. The American people have proven their resilience in the face of adversity time and time again. In comparison to 9/11 - which shattered the illusion of...

I thought holding the funds was a regulation of the regional exchange the firm is a member of?

Shit, you don't say...

now if only they made a version based on intra-day data.

Yeah, that's gonna help

Kiev's book's junk. Read, "Trading in the Zone", Mark Douglas.

And to really put the icing on, call the 100 you called correctly and tell 50 of them up and the other 50 down. You just got 50 new clients.

From Friday's close? You got ,what, 15 points, max, and deem it worthy of a post? People, bow down. (Hang on, unless this was on the Nasdaq 500...)

If you define "overtrading" as taking trades when you don't really recognise any setups - no, it's not a problem for me. My style is to take 20-25 trades a day, but I wouldn't call it overtrading. If you consider "frequency of trades" as a variable in measuring profitability, my results suffer...

LOL Magna. I second that. Check out these pearls from Murray T: '' Instead of owning wealth producing assets eventually allowing them to buy whatever they want,they blow thier seed capital on wasting assets that shrink in value!''Lou Rukeyser ''To supplement his salary[started...

Will it reform? I have no way of knowing, but I personally doubt it. I think the important thing is that it is PERCEIVED by the public to be reformed. (And we can all gear up for the next bull market :) ) Daniel

I'm a Nasdaq trader (wanting to learn more about nyse) that makes more than 50% of my trades in the one stock, KLAC. In response to your questions: 1) My strategy doesn't require scanning the whole market to find setups, therefore, any one stock will do. I used to trade about 15-20...

Before I came across ET I never bothered much with reading anything investment/money/trading related on the internet, I just figured - incorrectly - that it would all be a load of BS and that no "legitimate" trader would hang out on a trading message board. Besides, I liked doing my own...

I just checked my records...worst losing streak was 10 in a row, all in the same freakin day. Man that sucked. And I shot 25% for the week and 35% for the month. Never forget that. Then again it triggered a complete re-evaluation and revolution in my trading, so alls well ends all.

Didn't he finish his career washed out? I would say someone that had it all and lost it, not once, but MANY times, pretty clueless about MANAGING his wealth. Protecting it. Sure, if we're to believe the legends, he had remarkable insight into trading. But what's the point of it if u keep...

Like many of us, I too will never forget my first foray into the world of stocks. 1998, I'd recently celebrated my 21st and finished reading "One Up On Wall St", and dammit, if a bunch of grade schoolers were gonna beat the pros so was I. So I sat my parents (who didn't know jack about...