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Our taxes paid for a lot of the Iphone R&D via federaly funded inventions. Than there is a lot of the technology they bought from domestic & international companies, than there is what they took from the legacy smartphones. IBM had the first smartphone in 1992 (Simon) - touch screen, email...

Has Apple actually ever invented anything? Steve Jobs said they had always been shameless about stealing great ideas. They redesigned and marketed their own version of products they copied from other other companies, adding improvements in style and intuitive interfaces and have been able to...

It is foolish to pay for any training unless they provide at least 10 years of a tax audit that shows their ROR and max draw down in time and depth. This tax audit needs to be done by a recognized firm and cross verified by you. Dont make excuses for them, even if the course is say $99 the...

I like this 1 ES point a day guy .. Rooting for you man! Refreshing to see a humble trader doing well - like the little engine that could... The journal is a powerful tool for all levels.

A VX contract has some advantages, such as taxes, margin efficiency, and the 23 hour market, 1 VX contract = to 10 VIX options. I am not a financial advisor, so consult an expert.

There is no such thing as stop hunting. There are only poorly placed stops that are inside the noise. ___________________________________________________________________________ Stop running is real - happens all the time after there is price consolidation for a few days or more. Here is Cramer...

Looks like just another snake skin salesman trying to sell you a map to the gold mine. He is glued to the P/L, not a good way to trade. Looks like just another one of the 96% failure rate for day traders , yea I know a few rare birds can make it. When I began trading some people may get stoked...

Normal profession - Ping pong instructor at Dead Wood Nursing Home.

Trade Station shut down Fx trading as well a few months ago. You can always trade the futures currency contracts if you don't want to open a new Fx account.

I would rather work for a bomb squad than at a prop shop. Just take out a big insurance policy so when you blow up somebody gets rich.

You may want to look into VX futures to use when you cross that line. http://www.cboe.com/ms/vix-futures-specsheet.pdf

Limits and stops have nothing to do with each other __________________________________________________ The point I was making if you have a stop (market) on and the market gets crazy volatile the idea is to have an exit so you don't have to be caught in a locked limit. I would not think any...

The best way to learn about the limits (circuit breakers) is to go to the CME site and use their search for limits and circuit breaker. Here is a video tutorial on it. It should not be scary as long as you have a stop - market. A stop - limit may not get you out - depending...

Price should take off after you enter __________________________________________________ This is in my opinion the most important aspect of each trade - it should leap in the direction anticipated right way - otherwise I exit or at least tighten the stop way down. Every big time trader will...

The trading limits (circuit breaker) are the limits in percentage up and down before trading is halted intraday or the entire day - depending on the level hit (ex. 10%, 15%, 20%) and the exchange rules. In a strong bull or bear market it is not uncommon to see limit lock downs or in a shock...

The CNX Nifty is a good market to trade on through Singapore (SGX), never traded the micro. It is liquid, tight spread, etc., most trades are human - not HFT. Be aware their trading limits (circuit breaker) down is at 15%

A few of the larger traders are known to meditate every day before trading - like trader 71 and than there that famous bond trader - forgot his name. These are the people moving huge size around like up to 20,000 contracts one a trade and they attribute their success to meditating. Just food...

How do you recover from such a beat? I lose $2500 and it feels like my whole life is worthless. ____________________________________________________________________________ I just focused on making my first $10 of profit in a day and maybe a month later it became $20, and so on. I figured I...

A very successful old timer trader featured in Market Wizards that has seen it all in his 40 years of trading recommends anybody thinking about quitting their day job to trade full time should have at least $200K (after taxes), and probably another $100k parked outside of the trading account...

It sucks going from boom times to bust but I learned that keeping the money was the hard part for most people. I told my tax guy I would be wearing sun glasses to hide my tears - he reminded me that all that money I had made I had lost was made from trading - not like I blew an inheritance. He...