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You think 100 mb/s is very basic? That's extremely fast. It's currently the fastest offered in my area right now, though 1gb is coming. Even 100 mb/s is overkill according to the technician who installed my line It has more to do with bandwidth and how much can be pushed through the line at...

My parents. You quoted my post that was speaking specifically about my parents.

I used Etrade Pro. I have 24 gb of Ram. I have a 1 tb SSD. My internet speed is 100 mb/s. How would hardware speed or internet connection cause all of their software to continue showing me each second loss of money as well as the buy button, while simultaneously graying out the sell button? How...

Why not set your stop and exit prices and let it do what it does? Takes the emotion and guesswork out of it. Contrarily, you could also hedge with a few puts at that potential breakout top so after you stop out you still have potential upside should it continue to fall selling the puts for a...

I wouldn't call them ultra or uber wealthy. They probably have a few million I'm sure. But I doubt that's why many in their generation use these brokers. They didn't really come up in the internet generation. My father knows computers, don't get me wrong, even more so than myself to the tenth...

That's why he'd have lost it in any timeline. No concept of Risk Management (obvious by how quickly he rose to prominence) and his greed would not allow him to take money out because that would mean less monies to compound. His greed and lack of RM made going broke, and at a high speed, an...

I'll tell you like this. Etrade's software cost me $2500 a couple of weeks back and I haven't used them since. I made a momentum trade at a high volatility moment ready to sell in a split second if the trade went against me. Well, it did go against me. Only when I went to sell their software...

The one good aspect that came from all of it is their Zero Commissions forced it to become industry wide. That was their only selling point. Everything else beyond that makes them a worthless brokerage, and on some aspects downright dangerous. Yet millennials are so ignorant they still trade there.

I mean its true. Millennials have every bad possible trait and stigma attached to them, and for good reason. They're lazy, incompetent, whiny, selfish, impatient, entitled and easily manipulated by their Marxist professors and the liberal media. I'm sure every generation thinks the generations...

My boomer parents use Merrill Lynch and before that Solomon Smith and Barney. They pay like $50 commissions per trade using actual brokers. Years ago my dad didn't even know you could trade through discount brokers. He thought his way was all there was. My mom worked at Merrill Lynch and he was...

I mean, he'll get tax write offs and carry forwards on his losses. His initial gains and losses were never actually realized as far as I can tell, so he'll only get the deductions, $3k per year, on the actual money he lost (2 mortgage loans and credit card loan).

Risk Management. The story would have ended in one of 2 ways as these new age retail traders are clueless. Either he pays his debt and then eventually goes broke or what ended up actually happening. There's no scenario where these morons end up as profitable traders on the road to riches, even...

That's about what I was thinking as well.

That's not a formula. That could work one year. Fail the next 2. Work the next 3. Fail the next 3. Could a person build a career on those results? A formula measures success against criteria. Value and growth investors utilize financial history (balance sheets, income, cash flow) utilizing...

In my experience the best traders are those who enjoy the skill. The money is just a measuring stick of their success. Like any skill, profession, trade, hobby, or endeavor, the best are those who enjoy it for the challenge itself, and not for what they can get out of it. If you are only in...

Are trades (and business expenses) done prior to a newly formed LLC or tax shelter gone with the wind or can they be incorporated into a newly created tax shelter? Not sure if this question is extremely vague or completely clear. Hopefully you understand the gist of my question.

Well my trading has been solid this far, and thus the desire for a benchmark. I mean, how do I know it's not variance for me? If poker requires 100,000 hands in order to deem it is skill and not short term variance (and even with the speed of online poker, 100,000 hands requires a significant...

That may be a good point. It's odd because to me the stress of it is like my therapy. I guess you could say it's more like a game of Chess. I found it fascinating almost to the point if an obsession. I think you may be right on using beating an index fund as a minimum. It's odd isn't it? I've...

It seems like it should be more than that for daytrading. In daytrading that amount could be achieved in a few sessions (within reason ie a $25,000 bankroll vs a $2.5 million bankroll. It will be harder in higher amounts depending on your selection: Gap up volatile stocks vs index futures etc).

I never use margin (speaking specifically in leveraging). I use solely my own capital, and even that I may only use 10-20% of on any given trade. Even doing that a person can squeeze out 1-2% of their bankroll per session without needing to risk more than 1% on any given trade.