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Great idea. Or why not post some of your ideas or chapters here on this site and get some feedback from us. Hopefully people will be constructive in their praise/criticism and you might get a better idea of whether or not the project is worth pursuing. Daniel

I shouldn't have called this thread "worst market ever?"...I certainly don't think it's even a "bad" market (let alone the worst EVER)...I'm having a ball in it! I started the thread in response to a comment made by MissedTheBoat that the next bull market (or period of irrational exuberance)...

Stochastics were one of the first indicators I fell in love with when I first started trading. It's a beautiful indicator in hindsight. You look at it and say, "wow, every time it crosses 20band from 0, the price goes up. Look there, the price went down, and wow, stochastics just crossed back...

2001-present is the first End-Of-The-World-As-We-Know-It that I've been through as a trader. For those that can remember, how does it compare to other "periods of adversity", like S&L crisis, '87 crash, 82 recession, 74 recession? My estimate: I give it 15 years max before we are all...

Well that's just fantastic advice! NOT. That's about as helpful as telling as sick man to GET BETTTER or a shy guy to BE CONFIDENT. The thing is, HOW? What steps can we take to get better, be confident, or MAKE MONEY? Will studying the distribution of your trades help you trade better? I...

Does anyone know or know where I can find the following statistics? Number of active day traders in America? Total number of traders at prop firms in America? And also, number of people claiming to make a living from trading (on any time frame)? Any help would be greatly appreciated...

From experience I know the kinds of moves my trades generally capture (20 - 50 cents, depending on the price of the stock). Like all of us, I've had the experience of closing out a trade, only to watch it keep going my way for 3 or 4 times what I took. Because these events don't occur too...

Having a $25k account does not - DOES NOT - require you to use "extreme" leverage to make money. (I've seen you mention prop traders using $1million with a $25k account. You ARE NOT gonna get that sort of leverage - and why would you want it?) Let me produce a very simple example that shows...

In the game of trading there are always gonna be losers. Isn't it just that simple an equation? Price goes up, some people win, some lose. Price goes down, again, some win, some lose. Do day traders form a really high percentage of the losers? Who cares. If someone is looking to some...

Okay Trader99! I'm glad we've found some common ground! Given that this was the original thrust of this thread, ie, mkaing a living out of trading, I was assuming that the account sizes we were discussing were more in the realms of "beginning trader" type size - about $0 to $100k (just an...

Trader99, I've read all your posts on this thread, and even though English isn't my first language, I think my grasp of it is solid enough to recognize a flawed concept of risk management. You suggest that a 8pt stop on a $100 stock is sufficient. Right? Ok, good, I agree. Then you ask why...

Should you "churn and burn" (whatever that is, but it sounds somewhat negative to me) or should you you swing? Hmm, should you drive a V8 or should you go for a four cylinder? Should you go skiing or to the Carribean? Heavy metal or classical? To paraphrase Alice in Wonderland, "Which way...

An 8-10% stop on a $50 stock is 4-5 points. Taking a 1000-5000 share position with that stop is a risk of between $4000 (1000 x $4) to $25000 (5000 x$5). So your casual statement about "reasonable risk" is nowhere near specific enough. If you have a $100k account, that is a risk of between...

Whoa!....Fininte Impulse Response (FIR) filters! Very important point...can't afford to neglect the finite impulse response filters...could really make the difference between making mere thousands and making millions! (STOCKDANCE you reading this??) :) Daniel (Joking only dottom, this...

1mil in a year is possible, course it is...only things is this guy's talking about doing it in less than two months. I agree that if you ever wanna do 1mil in a year then you need to set it as a goal (I mean, you're unlikely to "luck" your way to it). Sure Edison tried thousands of times...

Can a trader with $25k make $5k a week? It really depends on the methods they use. Just for an example, let's say you only hold one position at a time. Retail brokers give you 4:1 leverage these days, enough to buy 2000 AMAT @ $50. Let's say you have a methodology that on average gives you...

And with that statement, out goes any chance at credibility you might have had. BTW, what I'd consider a real miracle is not you making your 1mil, but God finding some way for you to daytrade at a retail broker with less than 25k. (It's a pity when members take their time out to answer...

In my previous post I said, "you had better not be net long or net short", (showing my colors a spreader!), I meant you had better not have ALL longs or ALL shorts (even your positions are uncorrelated, a big enough broad market move will still move 90% of all stocks) Daniel

1000-5000 share positions???? On 5-10 stocks???? Man, that must be a decent sized account you're holding there... Given that trying to get "5-10" points with anything less than a 1 point stop would be VERY dificult, it means you are risking AT LEAST $1000-5000 per trade, and having 5-10...

I certainly don't condone Hitman's blatant advertising, but it's really not surprising. He has often stated, in no uncertain terms, that he's on a recruiting drive, and it seems to me he'll continue posting about the benefits of trading at his firm until further action by moderators is taken...