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Its a joke, price is moving so it has to be an IB issue. Does anyone know if its possible to seek compensation from this outage?

This is pure wisdom from somebody who has made it and knows the industry inside out. Its exactly my experience as well, anyone who says he can make 200-300% a year consistently is bullshitting. Nobody can achieve that kind of returns over the long run without massive drawdowns (which massively...

Geopolitical risks, earnings and French elections in April.

1k trading account = undercapitalised. This is why undercapitalised traders blow up all the time, they are forced to risk a very large % of their account regardless of what they trade. Edge only matters in the long run, one can have positive expectancy and still suffer a string of losses in the...

I'm going to say that your instructor meant the former. Its impossible to only spend 1% on a purchase unless you started off with a huge account. Risking 0.5 - 1% on a trade is pretty standard risk management, btw its definitely possible to risk 1% to make 3 - 5%, just don't expect a 90% win...

This is what I've been saying for years. Daytrading cannot possibly be more profitable than long term trading without huge volatility (= large intraday range), frictional costs only cease to matter when you can risk 2 pts to make 10+ pts, intraday.

Positive affirmation isn't going to make you a successful trader, what you need is a reality check. You blew up because you are a daydreamer, only daydreamers trade with 1:40 leverage, these are the people who think they can make multiple times of their capital a year. The reality is that...

So you would grow your capital to 100-200k in 2 years' time and you will trade more, now think about what this would mean if you continue to make 300% a year (which is about 1% a day on avg), you would still become a billionaire in about ~20 years, assuming your expenses do not change (30k...

Are you dyslexic or something? Or my post wasn't simple enough for you? Nothing forces you to compound, but you won't be making 300% a year the following year if you don't deploy the profits made the previous year, I thought I was very clear with the hedge fund example. Nobody measures...

Yeah and Buffet is anything but frugal, he flies private only.

So now you are saying your returns are based on an average over the year but it doesn't change things really, 300% a year is still an impossibly large return that will make you incredibly rich in just a couple of years due to compounding which you say doesn't happen but I will show you why...

His point is that you'd be insanely rich in 6 years' time compounding 1% daily, even if you haven't made a billion dollars by then. Nobody can make 1% daily without fail, not even renaissance tech, this is why they have years in which they "only" made ~20%. There will be bad days, weeks and...

A large chunk of the economy is about discretionary spending, the economy would shrink if "people stopped spending money on shit they don't need". Manufacturing is never going to be moved back to the USA because many other countries can now do it as well or better. Assembling an Iphone isn't...

http://www.businessinsider.sg/ubs-trading-floor-in-connecticut-2016-9/#vXc0mL7pzDKCThsp.97

Yep I too stopped daytrading after volatility disappeared from markets a few years ago, its practically suicide trying to trade a market that does nothing most of the time. ATR has been terribly low for daytrading in the past few years, that is if we take out the few isolated event-driven...

Extreme volatility results in mispriced instruments e.g options. For example several ETFs were mispriced during the Aug meltdown last year, the algos were switched off pre-market and there were simply no buyers for the triggered stops.

Agree that the pressure would definitely be too great, that is also why traders who are undercapitalised tend to do very poorly over the long run. Its very tough to make money trading when one is under tremendous pressure to make the few bucks just to pay the bills.

Deja Vu. Looks like Neke tried to fade a strong move and he got crushed by it again. Like I said you need to be honest with yourself, people only continue to do things because it works for them most of the time, meaning fading one sided moves and doubling down on them works for you (most of the...

Neither Hillary nor Bill made money from these speeches while they were in office, retired presidents don't affect policy making.

I stand corrected, just read tibster's excellent post on how these leveraged ETFs work.