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J, Take the challenge and stick to what your stats tell you! It can be a mental challenge as you are going to be pulled the market to trade during the off hours. I sure was ... Have a great weekend, PQ

One man's crap, is another man's treasure. Not saying this is so for me ... but making cash over a long period of time (trader career) is MOST all about the person NOT the method. PQ

Joey, Yep. I am still haning out in Pheonix (2 years now), but after this summer I am thinking about the mountains. Got a trip to Colorado next week, to check out some realestate. Anyone out there in the trading world that digs Colorado? However, I have been trading from my home office...

Hey Joey, CONSISTENCY! Keep reproducing the GREEN results, and in time you will start to believe in yourself, rather then the specific trades your making. Once you internalize that you can be green day in and day out, you will step up the food chain in the trading world. Like Mark...

So if the firm is THE member, why do I have to pay an annual fee (like 300ish) to Echotrade for PHLX membership? (I trade through ECHO) I would like to be enlightened. Thanks PQ

TDOC, PaxClearing is the parent company of ECHO. Just an FYI. PQ

I just got back from a vacation on Kaui and I could not believe how many people ask "What do you do for a living?" - especailly at the posh hotels. I got so sick of hearing these people tell me they were Doctors, Attorneys, Professors, etc. that I came to the conclusion that these...

Trading OO's is a numbers game. Just because you had 1 day with a result (good or bad) means nothing. I do agree with you that you MUST keep track of the spoo level when sending, and when the market opens - or else you can get lots of fills especially when you are out 1.5 points or more...

Ouch .... IF you were trading for a living, you just lost 18 points on a half of month work. Tuff stuff.... I think the amount of money made, when initially trading, or trading a new approach is USELESS as compared to: 1) CONSISTENCY, 2) RISK/ REWARD (Drawdowns vs Account size)...

So far, from what I have seen with your posts (DUE TO THE SIZE YOU ARE TRADING) AN important thing to be considering is POSITION SIZING and MONEY MANAGEMENT. What is your position sizing method? Thanks PQ

"I would love to have a sit down some day and try and figure out why there is such a belief that their strategy will yield profitable results consistently." Why figure it out, why have a belief. What does your trade log, stats (EXCEL SHEET) show? Is it a positive expectancy (with trading...

Your posts are well thought out, but I would have to agree with the CRITICAL INPUT already stated. Take your trading plan/idea, open an account and scale down the share size. IF you are risking 1M - your are risking 100% and more of that account (I would presume) holding overnight. IF you...

Just got to this thread, but it is a great read! Universal topics (trends of sooo many posts on this site) brought out by the thread: 1. The guru vs the market. 2.Theoretical arguments (academics) vs. trading (where you make it or are brok'en.) Nitro - you asked why people only talk...

Your point is very well taken as there are many pikers in this world and fortunately there are many who are traders too. Granted you became a member just in the past couple months and did not do an historical check of his posts prior to FLAMING Lescor. In an ironic way your statement...

FYI - Coming soon! Echotrade will have their order platform resend orders at the 4:30 seconds to avoid the billable pass-on-to trader fee. This should role out next week from what I hear. Nevertheless, it sucks to lose your place in que when you have to resend the order! I still can't...

Very well said!

Not going into details ... but to follow up on my post - I know of an experience where a trader was trained to take advantage of the market ALL DAY LONG. But the trader had to watch prints and the market all day. IF they could just have done that, they had money "in the bag" each and everyday...

(Trading IS different. There is no time limitation, and as I mentioned it is more of a learned skill rather than something you either have or don't have. Being truthful with yourself is critical however.) What type of trading? Trading on or off the floor, etc. I would add that these are...

I remember discussing this topic in college in a psychology class. Is the STAR athlete born, or does the environment (learn) create the STAR athlete? I would think it is a combination of both with different degrees per different individuals. STAR athletes are born to be STARS much like the...

I was laughing when I saw in the May 2003 issue of active trader - a basic analysis and trading method for taking advantage of opening gaps. Basically you read between the lines, and the stats models the opening plays as discussed here on this board. Happy trading, Patrick