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Lawrence, at least your honest and give straight answers. try asking TS8 any questions and expect to get a straight answer.

jbob, you shoul add that you cant contribute to a retirement account unless you pay yourself a wage and pay all the payroll taxes on that wage.

your asking the wrong question. the right question should be if i should file as a investor or a trader. and since you have a full time job and trade stocks, imo you have slim or no chances of choosing trader status which has tons of advantages or investor status.

thanks archangel for that comment. thats the funniest and the most truthful thing ive read all day.

remember, NOTHING IS FREE

set up a limited partnership with you as the General. then you as the general can take money out as needed for expenses.

depends how smart your. i took a study course. after you pass the series three, you have to apply to the NFA/CFTC to be a principal and to have your DDoc approved. thats the document you have to give those you want to solicit money from. call the NFA and they will tell you everything you have...

you run your strategy 100% until it fails and hopefully you have built up enough money so that if it ever does fail, you can start again. but proper testing is absolutely necessary and important to be able to run your system on 100% faith. if your going to be a system trader, you just have to...

most fcm/brokers will not cooperate with you in collecting fees from your friends for trading for them. most of the time, the ib/fcm has to have your DD and your advisory agreement with your client/friend before they will take money out of your friends account and send to you. you are just...

well yes

the only point im making is that drawdown vs initial capital is a very important number. if you know what your drawdown is in terms of a historic $dollar value, you then can justify how much you want to invest in relationship to how much risk and pain you are able to withstand. the last thing...

only if you blowout right out of the gate. and yes i agree, that would be disastorous. some people can handle more risk than others. if you don't want the 85%, as i said before double or tripple your starting cash and then you decrease your drawdown. you also decrease your return.

and that 85% is of initial capitol, not accumulated capitol. big difference

% drawdown is really very changeable depending on your entry point. i could use my system and tripple my investment and my drawdown would only be 25%. what you want to do is compare the drawdown to the % return. thats what is VERY important. if i have a 85% drawdown once in 5 years but my...

heres one more page of the report thats helpful to me

i have a simple system ive been working on and trading.

here's a couple of thoughts. don't try to bs your way into trying to hold yourself out as knowing anything about trading if you don't and haven't actually done any trading. tell them your smart and REALLY eager to learn THEIR system of doing business.

i used vector vest for about a year when i was trading stocks and i was pretty happy with vector vest. i quit trading stocks because i just don't like trading stocks. im a futures sp trader. one thing about vector vest and with any backtesting system, they have benefit of getting the best price...

i received notice last week the sunday evening start time for the globex/emini will be 5pm central. the notice came from my broker.

look at futures trading this way. because this is a zero sum game, consider that you are at a big poker table and your a beginner and you are playing poker with the best poker players in the world. do you think you would have a chance. NO. so do everything you can to learn chart reading and try...