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Which post are you referring to? Yours or mine?

People discourage you from trading because they don't want you to know how easy it is. Within a couple of weeks you'll be drowning in riches beyond your wildest dreams. Start picking out your yacht now. Most of the major boat builders are backordered. Rich traders, mostly from ET, are...

Screen time. Screen time. Screen time. Two years. That's what it took me. The only reason I survived the two years is because I had another way to make a living and was never dependent on trading profits to pay my bills. Since this is for newbies, I'll say it again. Two years. Have a way to...

I supose it depends on how you trade, but I find tick and volume charts to be most useful. I sometimes look at a 5-minute or even 15-minute chart for big-picture analysis, but tick and volume charts are what I use for my trading (entry, exit, stops, etc.). When the market slows down, I use a...

I'll agree with you that's there's plenty of corruption to around. But the fact remains that California is a welfare state and businesses and wealthy people are leaving in droves. When I was born, California state income taxes were 6% and sales taxes were 5%. When my oldest daughter was...

So you're saying that big business has imposed massive taxes and regulatory costs on California businesses. Do I understand you correctly?

I've lived in California most of my life and the business climate has never been worse. Companies like Telmar Networks, Terumo Medical, Creel Printing and Stasis Engineering have left the state for good. Hewlett Packard, JC Penny, the Automobile Club of Southern California and other large...

I see that you've spent two years learning to trade. That's how long it took me and that seems to be the magic number for a lot of traders. That said, I don't trust backtesting as being conclusive. Only live trading will show you what you've got, and even that can be misleading at times. For...

Just considering that 75% of the volume comes from 10-lots or higher, that makes it highly likely that there's a professional on at least one side of any given trade, and perhaps both sides. [Note: My data is several years old, but I trade this market every day and there's no doubt in my mind...

If you look at ES trades of 10 contracts or more per transaction, it represents about 75% of all volume. If you look at ES trades of 100 contracts or more per transaction, it represents about 40% of all volume. (Even though it's only about 2% of total trades, it accounts for a huge chunk of...

And the "other" set of rules is...?

You can not trade size thinking about "the money." Focus on execution. Period.

All excellent points. I would second your statement that "Methodolgy is the key." A successful trader MUST have a method/strategy/system with a positive expectation. No matter how patient or disciplined you are, and no matter how good a money manager you, if your method doesn't have a positive...

Suggestions: 1. Stop trading. 2. Develop a COMPLETE trading strategy including entry, exit, stop loss and money management. 3. Test your strategy in simulation mode. 4. After you are consistently profitable in sim mode, trade one contract with real money. 5. If you make consistent money...

When I said that it "can be learned," I meant learned the way I learned -- years of study, trial and error, etc. on my own.

I don't know anything about Traders International, but I know a little bit about this forum. If anybody posted about how much money they were making with company that charges money, that individual would be tarred, feathered, set on fire and run out town on a rail with the word "SHILL" branded...

After trading for over 17 years, the one thing I am sure of is that trading can be learned, but it is very difficult to teach. It took me over two years of studying, experimentation and refining until I finally became consistently profitable. I wouldn't say that the next 15 years were "easy...

Reaction to health care bill by a die-hard Obama supporter. “... This rigid, intrusive and grotesquely expensive bill is a nightmare. Holy Hygeia, why can't my fellow Democrats see that the creation of another huge, inefficient federal bureaucracy would slow and disrupt the delivery of...

I trade fairly short timeframes. 500-1000 ticks on the ES and 200-400 ticks on the CL, depending upon volitility and trend. I also watch a chart at 3-5 times higher time-frame for context. I trail 2.5 ATR stops in both markets. I could probably use a closer stop on the CL because there is very...

Quit your job and trade full time when you have a fully-funded trading account and two years income in the bank.