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    The Journey of Making a Living as a Professional Trader

    A great trader once told me to never talk about trading. Verbalizing trades forces the brain into a bias towards the literal and trading is more abstract and dynamic than that.
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    Someone steals my fill for one hundredth of a cent (as per TRF)

    HFT's are not there to provide liquidity. They steal good executions and when you want to buy, they provide no offers. There is actually a way around this if all professional traders decided to use market orders for a week straight, HFT's would self destruct.
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    Almost everything works...

    Most people who follow these systems fail because none of them talk about risk management
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    Goldminers at generational lows GDX, GDXJ

    gold is closing on it's 15 year bull market
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    About to start longest equity bull market in history

    The script is already written. All of this political strife is to keep the people pre-occupied in the noise. Also, straying off a bit, the United States is the wealthiest nation in the world in terms of resources, technology and productivity. The US could enact a massive social welfare...
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    About to start longest equity bull market in history

    Yes, corporations will be king unless civil war but doubtful because govt will spend and subsidize for years. You just said. That the US is driven by crises.. The US banking crisis was the crisis as is the global solvency issues. They are still fresh. It takes many years before bears can...
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    About to start longest equity bull market in history

    Obama will win in a landslide reminiscent of Ronald Reagan. I have no political affiliations, just telling how it is. We all know elections aren't real and so aren't the candidates. If Obama wins with popular support via election, that just puts icing on the cake for Mr. Eye in the Sky
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    About to start longest equity bull market in history

    We will not have a double digit correction again for years. The gears are in motion now and the infinite liquidity put has finally been sold to the cynics with the deepest pockets. Those who sold last fall are regretting and they will dare not sell again. All small corrections going forward...
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    What are the HFT scum up to?

    Below that and you wouldn't know. Is why most daytraders are really just getting a tranny shafting.
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    What are the HFT scum up to?

    It takes 50ms for the brain to feel the difference between pain or pleasure. or know the difference between a tranny and a woman. Gaming a system below that threshold is satanic.
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    What are the HFT scum up to?

    Whoever posts 100 limit orders to get filled on 1 is a shmuck. It's simple. Enforce a 50 millisecond minimum before pulling/cancelling quotes. It takes 50 milliseconds for the human eye to discern a man from a woman. You mess with that, you mess with humanity.
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    Starting a fund / raising capital

    Also, unless you have in-house or do it yourself, a capital intro marketer could raise money for you, but he takes up to 5% of the amount in a one time charge to you. The business is full of rabid individuals and you're just a tool unless you get to the big time. I have a suggestion for you...
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    FEAR! How to get rid of it

    If you fear losing money you are trading too big.. You should be trading a size where you feel comfortable and can think objectively. When you trade scared, the bots will sniff you out and come after you. It's uncanny. They can smell blood.
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    Facebook Reports Lower 1Q Net Income

    Rothschilds spyware
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    Day Trading is a pipedream.

    Daytrading was golden from 1997-2008, it lasted for about 10 years until terminator took over. There are still opportunities in daytrading but if one finds himself putting on a trade every single day, the odds are now seriously against you.
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    woman traders

    For the same reason there are more men in drug rehabs and stripclubs. Men are drawn more to high risk activities. There are exceptions such as Lindsay Lohan.
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    Holy grail of daytrading

    Actualy when i think about it, I agree.. Daytrading is more a market making type of endeavor and rarely a speculative event so would agree it does not apply as much. Having said that I have never met a strict discretionary daytrader who has made more than a few million in a year and that is the...
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    Holy grail of daytrading

    Trading is always a bet on an uncertain future, and exposure should be a function of probability. I agree though on blowing out, and going max exposure should be limited to one's understanding that 50x your smallest bet isn't more than x times margin depending on what instrument you trade and...
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    Holy grail of daytrading

    There are market conditions that have led to positive returns within 1 week 100% of the time with sample sizes dating back to 1900 which still occur to this day. There are quite a few with a 70% positive expectancy. The issue as I pointed out in this thread is that the losses incurred in...
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    Holy grail of daytrading

    Daytrading, swing, doesn't matter. The best traders often say that 10% of their trades account for 90% of their net lifetime earnings. 90% of their trades are just small probes and cash flow trades. When the odds are overwhelmingly in your favor, your exposure should be 10-50x your normal bet...
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