Search results

I make two distinctions: drugs that eradicate disease that are certain to cause death (malaria, bacterial infections, etc), and drugs that are peddled to consumers to alleviate non-deadly SYMPTOMS like pain, discomfort, lack of ability to maintain an erection, etc. While people die of...

In six years of running a few systems, for my intraday strategy, my first trade is 7am PST(10 am EST) and the last trade I take is at 830 am PST (1130am EST). I have before, traded this strategy all day long, early on. I found that, after some analysis, that my optimal production (money...

I don't know who you refer to when you refer to "they" in the above statement. Your syntax is a little vague also when you say "the house edge is incredible for daytraders." I think you mean to convey that your opinion is that day traders, in fact, do not have the edge, and the firms do...

Thanks. Thats one of the best compliments I have ever seen on this website :). Search back for the reference. Someone said it was a great post.

Okay, take 2 months get your series 7. Take 10K of your 50K ameritrade account, run your system with the 10K. Run it up. If it fails, you can load another 10k after your fix your system or yourself. Second, take the extra 40K and make sure you have the proper money pyramid in place : have...

If you have a 50K Cash account, you can easily run that up for the 200K you need, when you are good enough. Guess what tells you when you are good enough....you have the profit to show it. Its the clearest and most direct way to becoming a true professional. Everyone is different, but my...

Well put. I think the phrase that my friends and I use for this is called "multiple income streams." Its both fun and profitable to have a few irons in the fire, some that are red hot, and some that are just fun to move around, that don't risk much initially. If one begins to see making...

Well put. I think the phrase that my friends and I use for this is called "multiple income streams." Its both fun and profitable to have a few irons in the fire, some that are red hot, and some that are just fun to move around, that don't risk much initially. If one begins to see making...

its more important how much you are willing to lose on each trade, and it should be 1 to 2 percent equity max. Thats the only number you can quantify, or even should quantify. The winning trades should have a trailing stop based on the movement of the instrument you trade. In this...

Yes, well at least someone responded to you. :) I don't think you should worry about your front end, your revenue projection, in the same idea with "courting investors." Kinda sounds like you have your plan ill-defined. Revenue has little to do with a front end, unless you could trade a...

I have always been quite proud of my front end.

I just want to add that when I was developing my trading models initially I: 1. Bought my clothes at K mart 2. Drove a Scooter and a 30 year old mercedes 3. had a small office where I sometimes lived. 4. And I worked nights as an auto parts quality control engineer. I actually look...

Generally the lower margins for bonafide spreads reflect lower volatility. In general, its all the same in the end. If you trade volatile spreads, there is more potential for big gains, and large losses, thus the margins are basically similar to two outright positions. If you trade less...

Well I wonder what the reason(s) could be. First, I believe most people posting on ET don't trade for a living. What leads me to this conclusion is that there is a great deal of bashing, posturing, and dramatic agenda in many threads. Traders like this don't tend to last long, and even in...

yes and chestnut and chief both have near zero posts....probably the same guy or girl, hoping to pimp a firm

Wow....it would be great if all threads could be held to this kind of accountability. One almost wishes that the negative threads were policed so well. A focus on that would appear to add the most value.

"Both take focus and discipline. In the market, you need to be a little more flexible than you do in card counting, but focus and discipline are the two key ingredients, and understanding numbers is the means of access for both of them, especially with derivative products. We use various kinds...

Thank you very much for that information. I really enjoy the story. Again, thanks.

Don, is Bob real? Or is he really you speaking about himself in the third person? (tongue-in-cheek, as you say) My follow-up question is: what do you think occurred to Bob to make the transition from table player to trader? Would you mind sharing some insight into that, if you can. I...

I second this sentiment, any others wish to join? Good post.