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The "obvious" difference between trading cash and non-cash are the emotional effects that would be difficult to overcome when there are real consequences associated with the outcomes. What did you think that I meant?

Actually, this isn't correct. If I'm up a fair bit and don't feel comfortable in the direction that the market's going, I'll just cover and GTFO. Really, I'm not greedy. Profit is profit.

Limit. Always.

Point 1 - yes, sure. Understood. 10 days is nothing. Agreed. BUT, in theory, I would think that I'd become even MORE successful with more screen time, which excites me. Point 2 - I'm going to stick to crude oil. Point 3 - being a CPA helps, I guess. Bad prior experiences resulting in...

Thank you. This is exactly the type of response that I was hoping for. Would you mind elaborating a bit on the last sentence? I guess my concern in "real" markets would be the fills that I'd get on trading only a single contract, especially since my profit takes tend to be quite small.

Why? What's the difference if you're using live market data? You're already participating with the "seasoned pros", just not using actual cash.

Accounting background, read many books on finance, the market, trading, etc. Have now been paper trading the CL using live market data for the last 10 days (via Strategy Runner w/ Global Futures). First time I've ever really done this, though have had an interest in it for seemingly ever...

Sent you a PM. Look forward to hearing from you.

I spoke with sombody from Everest tonight, for an entire hour. Its story is that it's a spin-off of WTS. Basically, the guy that I spoke to met with the guys from WTS (based in Quebec), and said that they badly needed to come out West. So, that's what's happening.

Correct. I also take a multi-vitamin, a Calcium supplement, and Fish Oil. -MV is pretty obvious. -Calcium boosts testosterone and excretes fat. -Fish Oil does basically everything for you. Everyone should be supplementing with these.

There's zero benefit whatsoever to the whole "6-7 small meals" myth. The whole notion of it "stoking the metabolic fire" is laughable. 3 big meals per day is the way to go, and only have an 8 hour feeding window per day.

Bullshit. Coffee is loaded with antioxidants, acts as an appetite suppressant, and has thermogenic properties. Very, very healthy.

Interesting. I follow the Vancouver Canucks intensely, but I kinda like it when they lose, because there's nothing funnier than listening to irate callers on the radio show.

Hi All, Just thought it'd be interesting to hear some commentary from some of the people on here who's primary source of income is through trading. A few questions: 01) What first attracted you to the profession? 02) What has kept you in it? 03) How does it compare to other career(s)...

Agreed. My plan is to start with shorter-term swing trades. I've had decent success with that in the past, but I've managed them a lot more passively than what I'd plan to do now, given the fact that I now have a ton of free time. Don't think the capital base is quite there yet for intraday...

Thanks - and thanks also to the fellow who recommended using TOS. The last sentence from your message above is so important. Thankfully, I've made a stupid, costly investment decision in my past, related to real estate (and buying when the market was almost at its peak), and I'm comfortable...

I wasn't asking for your approach/methodology. I was simply asking which broker & software you use to trade. Honestly, I'm having a difficult time with choosing a setup! I'm Canadian, aren't working with a huge base, and just don't really know which brokerage house I should be a customer of...

Right, I know the GAAP rule. :) It's shown on the balance sheet for public companies, but a new vehicle should not be thought-of as an investment for the average individual.

I disagree. His books are good, especially for people without financial backgrounds. I'm an accountant, and I actually quite enjoyed his explanations of assets & liabilities in Cash Flow Quadrant. So simple, yet true - assets generate money, liabilities cost money. A lot of people think that...

What's your setup, RN? Which software & broker do you use? How long have you been trading alone for? Were you ever with a prop or brokerage firm? Thanks in advance.