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Although he is not really a good trader (his risk management disqualifies him as a good trader in my humble opinion), it doesn't mean you couldn't learn anything from him. Learn his good parts. Take out his bad parts. Learn from his mistakes. Don't follow in his footsteps. Then you will be...

Do you daytrade? If so, do you keep positions overnight?

A raging bull market will never go away. Be prepared for the next ride. :D PS: In future market, it doesn't matter whether it's bull or bear.

My Stocks Are Up 10,000%! http://www.chartpattern.com/news/fortune.html

But you miss the point that he also lost "a billion" and went bankrupt SEVERAL TIMES. If you read just that part, you may feel he is the worst trader in the world. What's the point of having billions if you are going to give back later on? Risk & money management is what he suxks...

http://www.robbinstrading.com/worldcup/standings.asp The most profitable traders in the competition all participate in futures. Futures can become very profitable only if you get the hang of it! Otherwise you will lose money like throwing water. Easy come! Easy go! In some countries'...

What instrument (eg stock, index future) & market do they trade?

He's not a good trader in my opinion. Although he made a large sun of money, he also lost a whole of sum of money and was forced to bankruptcy. his risk management is just abysmal. However that isn't the reason we shouldn't learn from him. Learn his good parts. Take out his bad parts. Learn...

Agree! If the person can logically and reasonably present why an intelligent person or act is wrong or such and such, why not? If the above were true, then no one could say anything derogatory about a president unless you was once a president. :cool:

Sorry, you missed my point. I'm not saying option trading NEVER get you rich, but is it slow to get you rich? So what do you think? And here's daytrading thread. So do you think daytrading option is better than future?

Everybody here misses one important thing: Does almighty God hate anti-God people? You know, God is the controller of the world. He can actually do anything He wants. But why does He not make all people in the Earth, once born, believe in God? That seems to be the simplest solution to all...

Hi. I hope the admin would not mind if I ask such a question here. :cool: In your opinion, what trading forum(s) is/are the best? Give the name and the link of that forum. After all, why. :D

But market will fire you if you don't do your job well. :p

Sure. We all need to accept losses. No one can gain every time. We win because our profits are large enough to cover the losses. Actually I think most mistakes traders make nowadays have been made by others long time ago. However this doesn't mean they can avoid these old mistakes. New...

You raised an interesting issue. You don't need to lose before you can learn, although most general people has to go through this step. The key is to learn form others' mistakes. You don't need to pay for every lesson. Eg: Reading why some of the greatest traders still fail give you...

I think it's difficult to capitalize up to millionaire by options. Options is slow to get rich, isn't it? It should take quite a while. In my opinion, Future is most profitable instrument among others. What do you think?

I still feel it's better to skip this step. This step is not necessary anyway. A wise trader should avoid it in the first place. I have already succeeded and I have yet to go bankrupt. Lucky! :D Is it really too difficult to be disciplined? Discipline is here to save you money, not cost...

This sorts of things often happen. Have you ever think of a solution? :) More than half of the time, the market is choppy. Is it the market you trade is very volatile most of the time, or are you still ok with just some small fluctuations, say 10-20pips?

Not a good point, buddy! They will argue that's why they think you should get a job, not be your own boss. :D

Is it a trailing or fixed stop-loss? Chatting room? You are fortunate. I'm always lonely. No one around can help me. Everything on my own.