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otherguy, Your problem is you DID NOT KNOW it was a losing position NOT a natural position draw down then! (you knew it in a hindsight)until you can tell the diffs you will keep adding to a losing position. One not so clever way to solve the problem is NEVER add anything to a RED position...

My account P&L figures is the best indicator.:p

Go to ask any American POW by Japanese they will tell you-----Why do Chinese people still hate Japanese government?. Why French and Russian people don't have same hatered towards Germans?--------Exactly! Germans admit their Nazi government killed the millions Jewish, invaded French and...

He is a chinese from mainland China by reading his name. Yufeng Qiu and two other chinese on the top 10 leaderboard: Wei Wang (No. 6) Dahu Zhang(No. 10) I tried to put their chinese names here but ET does'nt take chinese characters.

Data is not information, information comes from analysised data. IMHO. Correct analysis based on experience. Experience comes from screen hours or the experienced.

Do you use initial stop? L:D ve it.

Based on the facts at least i believe they were facts. I know you are an experienced trader, Andy. Thanks again.

Thank you Andy, My strategy for a trade is -------eg. I entered a trade. "This trade might make me $480-$530 roughly". I always think money when i trade.......whatever the others say(CASINO says think of chips don't think of money :D). As the mkt unfold, it was in my favour for quite awhile...

More and more "home based fund managers"(daytraders) get money out of the "professional". IMHO

Amazing MEASTRO. Could you explain a bit which screen is for what? e.g. "left low 1 is for mini-dow or something" Thanks. Impressive.

Hi FT71, What's your commission per lot per R/T? Please.

Very interesting. S77 could you share a bit more this idea. Please.

My guess is as follows: 98% - will never grow 5K to 100K 1.5% - it will take them 2 years 0.4% - it will take them 1 year 0.1% - it will take them 4 months and in one year probably grow it to 1Million.

It is not hard to tell who is doing better. Trader A £20K account, made £45K net in 3 months (180%, total £65K). Trader B £200K account, made £50K net in 3 months (25%, total £250K).

Hello fellow traders, It is almost 3 months into the year. How much you guys made? Have you done your quarterly target? Me? 100%+

I spent a few hours on reading this threads. Benefiting from all sides arguments,...... . As i was a scalper so i understood most of what you said here. You mentioned many times in this threads----- "efficiency theory" Could you give me a brief, a few words to outline what is efficiency theory...

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How about this--------2 trading trading friends( just for arguement in my case the "friend" is my son :D) open 2 separate accounts in the same "IB". During the trading hours I open a trade in my account and he closes it in his account when my strategy says "exit"(by then we both holding an open...

Yes, nice. But no offence---do you really need so many screens? and what are they for? Please.:) :confused:

I went to a prop firm on last thursday 10th-Feb-05. It was first time ever i was in a prop firm. After meeting with the boss, i asked for a look at the trading room. Then he kindly shown me his traders' "today P&L records" It was something like this: trader 1 $5xx trader 2 $0 trader 3 $47...