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Real novice traders stare at their P/L all day (neurotic) but usually do not record or analyze their trading performance, they are often in real denial about their mounting losses. Pros typically do not look at a streaming P/L, they record and review their trades, and know at any time exactly...

Comagnum you work in the biz I take it? ____________________________________________________________________________ No, not even close. But I would certainly take someone interested in trading for a living with a finance background a lot more serious than say a truck driver. I did trade with a...

the Finance diploma was completely useless more like 90% of it was. ___________________________________________________________________________ There are some damn good traders that came in with finance degrees. They seem to do especially good with macro trading - the top down approach which is...

Try this, free interviews with many very successful traders - day, swing, quant, & trend. Many of these traders were once at the same cross road as you. These traders will give you a good idea of what they went through getting started and developing into profitable traders. Its a real gold mine...

i like that lion video. Lions are very focused, patient, and experts at finding & exploiting weakness in the herd. Although they have many failed hunting attempts they always give it 110% knowing that they will lose many foot races but will hit enough big homes like killing a cape buffalo or...

Yea, I don't look at my P/L until the trade is exited. I already have the profit target and exit orders in - This keeps me from messing up a perfectly good trade.

If you play both sides - long & short the sky is the limit. Being to diversified guarantees sub par performance. If you want to make the big money you got to take the bigger risks - like riding the hottest stocks in the strongest sectors. Warren Buffet Quotes (since he was mentioned)...

If you have a 90% loss rate you could almost market that to other's to take the opposite trades (hehe). Sounds like your fighting strong price trends and/or have a stop loss to tight. Here's what some of the top old timer swing trades with seats on the exchange do as a general rule. Only take...

You got to be kidding? You are not aware that the 90's were an insane parabolic rally - I had my money in funds through my 401K - I had at least 5 years with over 100% returns, I remember being bummed the one year it only returned 55%. Now look at 2008 to present - the market (NDX 100/QQQ)...

I stand corrected, I saw that also and was scrambling to correct it before anyone noticed. Up all night, not thinking or typing that well. K - looks like you would have to be one hell of a stock picker after all. I think 10 years is more realistic for people that are real big savers and...

Its hard to notice the triangle if you follow the stock indexes - even most non technical traders have taken notice of the triangles formed in the indexes.

Unless they start with close to a million, most buy and hold guys won't be millionaires within 5 years. ____________________________________________________________________________ I just read the other day for one of the tier-1 brokerages for active retail traders/investors the average account...

I personally think his scalping edge is gone, and the win rate on the trades he takes isn't nearly high enough to give him the confidence to trade huge size ____________________________________________________________________________ Gothcha: First of all he is teaching a class of new traders...

Its been shocking just how dumb, lazy, and greedy people are to pay for training from strangers and not even insisting on seeing their audited tax records. I hope the other scammers are losing sleep over this - it's just gone so far over the top, it is nothing more than a long con. Ever noticed...

Yea - been watching that triangle - the DJIA (YM) showed good relative strength today, nearly rallying back into the triangle. On big down trend days like this it makes it easy to spot which index and which stocks have the best relative strength to play on the next rally and vica versa - which...

I see you are stuck on arrogant to the max. The standard candle charts are fine for wide time frames but for short term the weighting goes on volume as opposed to time - volume leads price, not time. That is why most experienced day traders do not use standard bars. The price is only a pat of...

K - why not look at one of the youtube videos from one of the best ES scalpers on the planet. A 2 hour video from a famous trader that use to account for a lot of the ES volume and now trains/develops successful prop traders while still an active trader. This will give you more info than 10,000...

Forex is a great market to trade - but you have to know how to use leverage. Most Fx novices are taking on way, way to much leverage trying to over compensate for being under capitalized, a certain road to ruin. Many are in casino mode trying to live off a $2,000 account - contrary to popular...

I do not believe in luck, as that is how inferior minds think. __________________________________________________ Well for one thing it is only luck that you are in an era when nearly everyone can trade. Not that long ago it used to require a great deal of capital and very high overhead which...

See this video how to create the limit order to short with IB http://ibkb.interactivebrokers.com/video/1222