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Well, try and teach your method to someone else and see what happens. :) I've talked to some traders who are successful and I know how they trade, yet I can't duplicate their success. Even though I know all the rules I still can't do it. Well, not yet at least. But that's why I've become...

I agree with Surf that intuition is what gives the successful trader his/her profits. It's all between the ears. Another way of putting it is it's not the method that matters, it's the execution of the method. Think about it, if it were anything else then the success rate in this business...

Just wondering how newer prop traders who are still learning the ropes (and thus not making any trading income, or making very little trading income) support themselves? It seems to me that trading full-time and working a full-time job wouldn't leave much room for anything else in life, even...

Really fascinating debate! IMO there's something deeper going on here that I don't think can be solved with any record of live calls or photoshopped statements. In other threads I've seen people speculating about different people in the P&L thread and whether their statements are faked...

Do you really believe everyone on the internet is being honest about their profitability? I think you need to be more cynical. :) Of course there are real career traders out there, but I've learned that not everyone who claims to be a player can be believed.

No, because some people will then say the statements are faked. :) Simply proving to someone that trading is possible will not do them any good. It's been proven to me by a couple of people but that hasn't made it any easier for me to learn how to do it. Sure, it's encouraging at first but...

Aww... you're not going to tell who you stole it from? Tease! :p

Not that it matters but I wouldn't call that a triangle, more like a down channel or falling wedge followed by an up channel. Some things I remember to keep in mind on trendlines: - the cash index, 24 hr futures contract, and index ETF can all have differences in their corresponding...

Nice to know it's possible to make it as a true home gamer. That gives me some hope! I had been considering moving to Chicago but with all the crime news I'm hearing lately it makes it a scary proposition!

Do you trade at a firm or from home? btw, congrats...

Looks like we've got another 4 years of BO then... InvesTech found that if the stock markets rally to gains in the 2 months leading into elections, the incumbent party wins the presidency. And if the stock markets slump to losses in that critical September-October period for shaping...

I'd advise against putting too much time into this without a mentor/coach. Don't put your life on hold with the idea that you're going to figure out how to be a trader all by yourself. That's what it sounds like you are wanting to do. If you are going it alone then at least have a job and...

I noticed descrepancies like this a while ago. All the data around the 8/31 you mention is off by similar amounts. One guess is it might have something to do with how each data vendor deals with the ex-div date price adjustment/reduction. For instance look at June 15. That "should" have...

I've been watching GDX, double top at the monthly A up and now looks like it's headed to the A down. It's last monthly A up was January, but that was very late in the month (27th I think). Before that the last one was November. Was thinking if we got a confirmed monthly A up it could signal...

Hola Herr Hedvig! I am well aware that you are bullish the Euro and expecting a MULTI MONTH advance. I am in agreement with that thesis. :) Now with that in mind, I know that Euro up = USD down. And USD down = stock markets up (almost always, maybe decoupling once in a while). Are you...

I'll mark my calendar. :D Sorry to hear about the pageant. I had been looking forward to a 'field report' detailing your night of debauchery. But the summer has barely even started - many adventures yet to come! ps - I noticed your S&P call - am interested to see how it plays out! I've...

"You are from 'stardust' and to stardust you most certainly will return" That part I get, but you lost me after that. :) But that's ok. I tried reading Hurst once and quickly realized it was too complicated and time-consuming a rabbit hole to continue down. Maybe sometime when I'm oo...

Hedvig, I notice you use a lot of esoteric voodoo in your longer term trading. My (admittedly amateur) opinion on any kind of TA is that the reason it "works" is the self-fulfilling prophecy. For example I don't believe Fib numbers have any significance in the markets other than lots of...

If you can't figure out day trading then find a mentor or join a prop firm. Neither is a guarantee of success but at least you'll have a better chance than you will on your own. In my opinion day trading is a very high level skill that most likely cannot be mastered without some good...

The only way I can think of that you could owe the entire value of the emini contract (approx $65k) would be if the S&P went to zero. But yeah, in the case of a 9/11 type scenario you could end up losing more than your account value. Like others have said, very unlikely but still possible...