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Thanks for the advice. I realize a lot of props are basically souped up brokerage accounts, but I like the idea of being in an office with other successful traders. That must be a huge edge. Disappointing to read Maverick's comments about the lack of mentors though. I guess you have to...

Is it any better than the usual retail trader education out there? For example I think of someone being schooled in any profession. At first you do book learning mostly on your own, maybe study and trade ideas with classmates, ask the prof some questions at times. This is usually done in a...

Interesting article and I have seen similar posts on Brett Steenbargers blog. But how is an at-home retail trader supposed to know if he is practicing perfectly and deliberately enough?

It's more than possible if you're a highly skilled day trader. But I tend to agree with Savant as far as seeking out good training/mentoring. Think about the Market Wizards guys who produced such amazing results, most of them had a mentor they worked with every day. Those who didn't mention...

Asking this question on a trading forum is really opening a can of worms. This type of topic usually ends up going down the same road as all the famous "trading is impossible" threads on here..... :D

That's pretty much the same thing I was thinking, medic. Thanks!

I heard from some friends who had Webroot but were unhappy with it. One issue was that 3-4 times it found a virus/threat when they did a weekly system scan, but it didnt catch the virus when it initially went on to the computer. So who knows how long it had been there. So when the...

Some interesting advice here, I'm working at getting into good shape again and am considering whether I want to try some supplements. Getting into late 30's now so thinking I may need an extra boost. I'll say that for working out, my experience is that the quality of the workouts is...

Yeah, I've had the same idea. I've been keeping 5-day numberlines for a while and it's been in the back of my mind all along that I should chart it. Nice job! By the way is anyone using a different ruleset for assigning daily numbers (+2, -3, or whatever) than what is listed in the book...

Long time, first time here as well. Also bored out of my mind with this. :) My favorite tidbit from here: "I trade by exception only". I still do somewhat of a double-take when people say they "have no secrets" as I always thought making money trading had to be a secret. But a couple of...

Yeah, I look at stuff like that too. That's part of the reason why I wonder about the market here. Stocks above the 150ma is at the levels of the 2010 market low (though not the 2009 or 2011 lows), and stocks above the 50ma is also approaching previous bottom areas. And we have a...

So what does this weekly chart look like to you guys? I'm seeing some bullish signs on the daily chart but the weekly still looks like it has a lot to prove. But so far the downtrend backtest is holding after last weeks overshoot. Making progress with daytrading but still trying to get a...

Anyone know how to chart ratios of futures in prophet? I've been using it for equities and indices but anytime I've tried to do it with futures it gives an error message saying the ratio is not valid.

I can only imagine the sinking feeling that anyone who trades for a living must feel when they read about this stuff. Even though the odds of it ever happening are slim it still must be like a dark cloud lurking out there on the horizon.

Could you confirm where the monthly support lines originate from? I've got the backtest of the downtrend starting at the 2007 high. Just below that I have the horizontal supports from last fall, coming in around 12,250 or so. Around that same level a downtrend from the May and July 2011...

LOL....

But we do have channel support here. Let's see if the bulls can muster up a rally before the close...

Looks like the downtrend in question is already acting as resistance. Rallied off it yesterday mid-session, then sold off and broke below it in the last 30 minutes. So far today it's been resistance twice on the intraday timeframes...

Weekly chart...

... and here I was thinking it might be cool to live in Chicago where I could meet and network with other traders. Maybe not! LOL