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What happened to you happened to every trader who never made it and to every trader who did make it. It's NORMAL and the good thing is that if you learn your lesson you'll be way ahead of the vast majority of traders. You might not believe it but some will make the same mistake you made and...

When there is a lot of volatility ( market goes down and it goes down fast ) some Es options lack a bid and and ask. You can still make a market, but you will get royally screwed if you still have to get out from your position. There were good answers above. If you are willing to take a...

What you write makes sense. It is a very different environment now, still having a system we can rely on is the best thing we can do. It does not matter what kind of trading one does one needs a system. I do not day trade yet too many times my ego got in between and I made discretionalry...

Looks like the original thread was closed without any good reason. http://www.elitetrader.com/vb/showthread.php?s=&threadid=194342

Your question is reasonable indeed and so are you got on the forum. The bottom line is that to find the "right" answer is up to you. If I might share a little something with you forget day trading because it's a pipedream...

With a 400% gain. Let's say you had 10, after your 80% loss only 2 is left. 2......+ 2 (100%) +2 (100%) +2 (100%) +2 (100%) = 400% gain = 8+2 = 10 you started with. That much you need from whatever is left now to break even.

Let me get some refreshments, a comfy chair, a red carpet and YOU are invited ! ps: no need to bring pen and paper, my rules and system have been printed for you. Do you need trading money as well ?

I am a fan and have been following your journey since day one. You are to be truly admired. I should also say that I have never met a trader who made money consistently by buying options. I believe I understand what you are going through because I sell options for a living. My goal is 2% per...

I'd rather not say.

@iceman1, Bad analogy with the doctor/carpenter because in the market your gain is someone else loss. Maybe you can teach the rest of the world how to read them so everyone can make money.

Other people and I follow a system and never look at charts to predict any future event. Sure I will look at it, but certainly do not base my trading off charts reading since the rest of the world is looking at them too. You can look at them night and day interpert, think creatively before...

Couldn't agree with you more on the starting capital of 500k. The rest is hard to define and write in stones. If it were all about phd and math most mathematician would be rich and that is not the case. In my modest opinion there are many ways to make money, but they are all very hard to...

Just because a lot of traders are gamblers it does not mean that everyone trading from home is a gambler. If you are a trader who is doing well and by well I mean at least $150.000 or more and if you are single and if your expenses are under control I would think it's awesome if you work from...

I hope your question was not serious if it was you truly are a miserable idiot.

Nissan Leaf is 100% electric and has zero emissions. About $2 get you 100 miles. We drive at all times from our house to the gym/the mall to the work place and back to our house and so do millions of other cars. The environment gets polluted you get natural disaters like BP the ocean is full...

but of course ! He surely would...till he blows up :-) http://www.elitetrader.com/vb/showthread.php?s=&threadid=194342&highlight=pipedream

Daytrading is a pipedream. http://www.elitetrader.com/vb/showthread.php?s=&threadid=194342&highlight=pipedream

Hippies obviously still believe that there is free stuff and that they should be entitled to it.

There is no free lunch. Before taking something you need to give something. Getting something for nothing does not work.