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actually - even the guy at my tax office got no clue what it is - at least he should. so i guess it's much better to tell people you buy and sell "things". even gunrunner and drug pusher answer like that.

maybe tell them you are a modern pickpocket who got that edge and works - no - lurks - thru the internet - packing huge bunches of other peoples hard earned money in his deep evil pockets - and all this in the blink of an eye. they gonna love u !

there is another funny thread to this issue! http://www.elitetrader.com/vb/showthread.php?s=&threadid=1885 by the way - if you tell somebody you trade "futures" - what kind of answers do you get?

glad you like it, TriPack. actually i have to say that i myself try not being bull or bear. but there are a few articles on that page that come up with some good points. perhaps you also check the one about massive daily nasdaq rallies.

http://www.zealllc.com/2002/nas1929.htm this goes out to those searching for a bottom!

i had a little problem just after 10:30 edt (for a few minutes) - but ib's quotes seemed ok - my quotecom data were 3-5 pts behind - there was a pick up in volume this time - and quotecom sometimes has problems when this occurs. now it's fine again.

there were several threads here on et recently concerning the time/money spent until a trader became profitable. what i would find very interesting is how many trades did it take the now profitable traders to turn around. i guess this number would be more indicative than anything else - since...

--> in IB's statements every single futures trade is matched with the settlement price at the end of the day. check the following link for settlement data of the NQ...

well - we'll see. here's another article that paints ugly pictures: http://www.zealllc.com/commentary/nasdaq1929.htm enjoy!

Don - all the best for you!

you don't necessarily have to avoid the entire trading session when economic reports come out. just check the time: http://biz.yahoo.com/c/e.html there you can find when, what, etc. write those times down and watch what is going to happen in the market. you can ignore the report itself...

"There is one important caveat to the notion that we live in a new economy, and that is human psychology...which appears essentially immutable." Alan Greenspan

keep your feet on the ground and keep reachin' for the stars.

i use livecharts - i guess the symbols are the same: s&p500: ES02M nasd100: NQ02M best hours are the regular market hours: 09:30 - 16:00 EST - respectively the first and the last 2 hours or so. hope this helps.

"no one can predict to what height you can soar, until you have spread your wings." Thomas Banyacya, Hopi-Elder

fu§& the mainstream.

neo, don't get me wrong - i didn't want to tell anything about free money - i just tried to illustrate that everyone has to decide how he wants to see things. trading is great the way it is. think about what would be if 90% win. everybody would trade - and very little money could be made.

if it is true that 90% of all traders lose (i believe it is), then one could see this in two separate ways: you - as a wannabe trader - could think "wow - 90% of all traders lose - so it has to be damn hard - if not impossible - to become one of the other 10%!". or you could see it like...