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    Instrument for providing future funds for young children - not 509

    What I did years ago: I setup a trust with 2 beneficiaries (very easy and not expensive at all with kiss trust .com) and bought the usual SP500. In Mai 2021, I added a US Treasury fund for about 30% of the total valuation of the trust. Before doing that, you need to understand how revocable...
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    Day Trading to Multimillionairedom

    I am in vacation these days... o_O
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    Are traders bored?

    Like every year in July and August, Traders are in vacation. I am beginning to ask myself if what I am doing now, enjoying a Pina Colada on the beach.. Is that ethical.
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    Day Trading to Multimillionairedom

    I do come to Brussels quite a lot for my business. I don't need a ride, but I will be happy to buy you a beer in front of a "carbonade", if you show me how you do it. I will gladly show you how I do it, in return. Best!
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    The new German derivatives trading tax law

    You could check if there is a different tax system for "professionals" and how to become what the German tax system consider professional, regarding financial trading. It would be very unproductive for Germany to become the most uncompetitive financial place inside Europe.
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    Proof that scalpers can make money

    If you use Journalytix like me, you could see (me and also) intraday trades and results from people in demo or live, making money, day after day, week after week. You can easily guess consistency, low drawdown, high PF, are not that common. And yes, few scalpers or intraday traders (more...
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    I cant make trading work for me

    You know what your problem is, you just described it. Don't lessen to tips and don't let negative people suck your energy. You need it to find the real reason you cannot yet stop the bleeding after being successful for a while. Self analysis is the hardest and the most gratifying way. Whish you...
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    Does it make sense to look beyond 15 minutes?

    Monthly, weekly, daily and even hourly charts, are reflection of behaviors. Day trading with no guidance from all participants will do no good. Ask yourself who moves the markets: Intraday traders or monthly and weekly traders? Retail day traders (15 or 5 min charts) or funds and institutions...
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    tips for become a good trader?

    Don't follow tips, when trading. (My best tip..)
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    The myth of letting your winners run

    When trading, letting your winners run is hoping for the best. Hope is no plan. I mostly do the opposite of so many: I always have a large hard stop only for catastrophic events, unexpected news, market reversal, etc. Targets are placed in advance, on a price where I would not enter anymore...
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    What qualifies as "pattern day trader"?

    (Margin account...) sorry for the typos
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    What qualifies as "pattern day trader"?

    Both if you do that at least 4 times per 5 business day and I think with a ma from account only. https://www.investopedia.com/terms/p/patterndaytrader.asp
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    I want to trade the open Please help.

    The open of what exactly?
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    How much time does it take to have consistently positive trading results?

    I like the positive attitude :sneaky:
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    Experienced Traders: What stuff do you keep in your journal that aren't super obvious?

    I use Journalytix. It is free with Jigsaw Daytradr live or $399/y. The trades are "uploaded" automatically, wich is terrific. You can tag them with you own codes, add comments and even charts. Unfortunately, it is not compatible with all brokers, as you can guess. I keep a code to all trades. I...
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    Gain Capital as a Futures clearing

    I was not that lucky: https://www.elitetrader.com/et/threads/bad-experience-with-cannon-gain.356333/#post-5331201
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    How much time does it take to have consistently positive trading results?

    10y of hard work? I prefer to be funded in less than a month! :D
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    Is overtrading when scalping a problem on its own or only because of fees?

    I totally agree with you regarding the 3 highly selective trades per day. A scalper today needs to be a sniper and wait for the right market condition that she/he sees as the right one to trade. I also think that the right market condition can last few seconds to few minutes: Only during that...
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    Is overtrading when scalping a problem on its own or only because of fees?

    This is for "the believers": If our trading/scalping results are impacted by speed, we will lose. I live near Miami, to far from the exchange, I don't have the best software and hardware, I am slower than algos and HFT, etc. You got the point. So, I see only few possibilities: - Never enter...
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    Books & resources for news trading

    I like this one: "Trading Catalysts: How Events Move Markets and Create Trading Opportunities" by Robert Webb. Like any other book, that will not give you precise entry and exit, but more awareness of what some events can do to markets.
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