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  1. W

    If this is trading...then I quit

    Travis.... you're right, we are just using different definitions of modesty. I would say what your problem is trading non-automated is discipline, plain and simple. Obviously holding losers is a hard way to be profitable. We were talking about the same thing, just using different words...
  2. W

    If this is trading...then I quit

    Travis, I disagree with what you're saying. Being modest is a terrible characteristic to have as a trader, the important thing is to be respectful of what the market can do to you. Not to be confused with being scared or nervous. In order to trade for a living, you need to be DECISIVE...
  3. W

    Why do "profitable" traders take the time to train people remotely and for a fee?

    Alex, I think you misunderstood some of my points. When I said you want a trader that is talking his trades out, it's not to follow him, it's to hear his process while he's actually having to put on size. Hearing where, when and how he's getting in. You don't even have to put the trade...
  4. W

    concentration in trading

    Hippie, if I was you I'd ditch the sim. You never want fake trading to distract you from your real trades or even worse fake trades convincing you that you are ready to put on a real trade in a stock. Like I said in a similiar posting, if you're trading a goog type stock you are filled on sim...
  5. W

    DEMO Trading 'Uncovered"...the 'fleecing' of a 'wanna be' trader?

    NODOJI... you are completely right. Sim is great for getting the look, feel and comfort with your execution keys. I would only use the sim for two or three days to do this, otherwise i don't really think it helps. As far as learning stocks, the only real way to do it is to be in them. Trade...
  6. W

    Why do "profitable" traders take the time to train people remotely and for a fee?

    Most traders who do this "training" during the day DO NOT MAKE MONEY. You are absolutely right in asking this question, even though as in almost all the boards here people just love to jump down your throat. Their are a few big traders that teach intraday, but it's not really teaching. You...
  7. W

    DEMO Trading 'Uncovered"...the 'fleecing' of a 'wanna be' trader?

    Demo is a waste of time and doesn't help you learn anything. It's like playing poker or blackjack with fake money, you do not, will not and can not treat it like a live account. And if you convince yourself otherwise you are doing yourself a great diservice. The only reason to trade Demo is...
  8. W

    What rates are Prop Firms charging?

    I will tell you this.... When trading your own money you should NEVER NEVER pay more than 3.5 bucks per thousand. Genesis, Hold and Assent have this rate. You can also check out WTS which is a CBSX member. PM me if you need more in depth info.
  9. W

    What are you willing to pay?

    heavyhitter, You'll never get anything close to that rate unless it's one of those scam set ups..... Two bucks per thousand is a good rate, especially if you're starting out.
  10. W

    What are you willing to pay?

    KRAZYANYWAY, What the hell are you talking about 20 cents per thousand???? No where legit offers anything close to that. Why are you talking such nonsense?
  11. W

    Prop Trading Firms in NYC

    They probably would if they were still in business and not called Madison capital now. For your information I run a trading group energy and equities. But thanks for letting me know about a firm that hasn't existed for years. They also charge a penny to a share which you were probably dumb...
  12. W

    If this is trading...then I quit

    Rock, What you said is very smart. I don't care that the guy hasn't traded full time, all I'm saying is not to try and convince people that any type of trading is easy and you can use gimmicks to make BANK.
  13. W

    If this is trading...then I quit

    Once again, my work is done on this post. JP please read all of my posts thru out the different threads. Almost everyone of them is helpful and informative. The only negative ones follow people spewing absolute nonsense. Maybe one day you will have as much trading knowledge as I've...
  14. W

    If this is trading...then I quit

    JP.... do you think if you tried you could have possibly spelled any more words incorrectly? Before recommending physics to others, why not first try and get your GED.
  15. W

    If this is trading...then I quit

    Pheonix, While I'm sure your intentions are genuine please refrain from giving anyone advice if your post begins with I'm not a full time trader. The retardation in what you posted stands out boldly from the rest of the comments on this post. ONLY A RETARD would say that stat arb guys or...
  16. W

    high frequency traders...

    They're not traders, they're mathamaticians. If you enjoy doing endless hours of stats then you will enjoy this. Also, if you enjoy spending your saturday nights playing dungeons and dragons with your 40 year old friends from highschool that still live with their mothers, then this is the job...
  17. W

    If this is trading...then I quit

    By the way, one of the most successful traders I know, guy makes 20 million a year strictly trading short term and his college degree came from the esteemed Devry University. Up until the guy was thirty something he was a plumber in brooklyn. He busted his ass and now he has a mansion in...
  18. W

    concentration in trading

    It's got nothing to do with concentration buddy, your problem is 100% discipline. In actuality you're problem is that your impulse to get "action" is greater than your desire to make money. It's like the guy at the casino that makes the big score at the black jack table and ends up begging for...
  19. W

    iPhone Trading

    I recently viewed a study that 72.35% of IPHONE owning males prefer relations with other males. While reading these statistics I was shocked that it was less than 100%. Although, I did read a later study which infact did show that 100% of traders who use an IPHONE do enjoy waking up next to...
  20. W

    If this is trading...then I quit

    I completely understand what you're going thru.... First let me say that 90 percent of traders fail... then let me say that out of the 10 percent that can make a living doing it about 80 percent of those people barely make a living and grind it out like a conservative professional poker player...
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