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excellent link, thanks dude :cool:

excellent link, thanks dude :cool:

A few q's for you: what is your average trade size?(or how far is this from your regular trade size?) do you have a tight stop loss if this trade goes the wrong way? Did you hedge your position in any way? Hope the trade works out for you. good fortune.

I am in the same camp as you Qdz. Although not quite as bullish. I feel in my gut that the market makes at least one more assault on DJI 10000 & NAZ 2000. Now I am not saying that the market closes above those levels but they might touch them once before the new year. I do agree with you...

For me, the worst state of mind is just starting off the week (or day) with a quick loss or stop out on the open on 1 or more trades. Sometimes I get upset and try to frantically find another setup to "pay" for that loss, almost invariably the pick turns out to be a dud and another loss ensues...

here,here!! excellent post bundlemaker, my sentiments exactly.

That's not to bad at all. Maybe instead of daytrading, try taking on a few more positions/month. Also what is the size of your grubstake? eg. At 8% per month of a $10,000 account would be a tough go, but $100k+ well that's another story. :)

CVerm, After reviewing the posts, you have received some very good information...listen to it. I say that because I wish I had that info before I started trading. Again as it was stated earlier, What is your track record of profitability? What you might consider profitable may not be enough...

Read my post again....prop firms compound results(good or bad)... You basically wrote the same thing in your post. As to the book on prop trading, I for one have not seen any books on this, could be that the advent of prop trading for the most part is fairly new to the industry.

If taxes are a problem for you then set up an IBC in a foreign juristiction and don't pay any taxes.:cool:

The Reality is that there are many traders who are truly profitable over the long term and these traders should not be in a prop firm because this just ends their trading career faster. In my humble opinion all a prop firm allows you to do is compound your trading results at a faster rate (good...

strategy at the potential end of the short trade from 10.15 . should 9677 be broken, we will close the shorts and the next neo gann channel is 9703--9627. HOWEVER, it is still my contention that 9677 will prove to be aggressive resistance for the DJIA Just wanted to say nice call on the...

This has worked well for me. I use RSI when the market is trending and to show me the strength of the current trend. Use a 21 day RSI and 50 as your major point of interest. For instance, look at the QQQ today, when the market is rallying as it has been for the last few months, the market...

Just a quick market note. A year ago it was "sell all the rallies" because we were in a bear market & all 22 50 200 dma were pointing down. Now it should be the exact opposite of that "buy the dips" when the markets retreat to their ma's buy the market. I'm not going to say we are in a...

Greetings fellow traders, I have always wondered/dreamed about living aboard a sailboat (sloop) and trading during the morning/afternoon and sailing/sunbathing in the afternoons/weekends off the coast of Florida/California/Texas/Mexico etc. Just wondering if anyone out there is doing so and...

I like the commercial where the housewife battles the monster with a broomstick back into the hood of the Mercedes. The girl they use in it is a smokin HOT bruni :p

Closed out 3 swing trades 2 winners 1 loser (long chir +$55 & shrt idti +$457 should have been way more :mad: and lost on long pbr -$387 = $125 profit incl comm. not bad, could have been better though. How did everyone else do??

Hottest market reporter 1. Michelle Caruso Cabrera :p 2. Becky Quick 3. Maria Bartaromo Dumbest market reporter 1. Liz Clayman :p 2. Bertha Coombs 3. Leslie Laroche :D

Anyone have a web address for Belkin??

Quote from ramora: Great thread... Does anyone have any experience trading from Costa Rica or Panama? Thank you, ramora -------------------------------------------------------------------------------- Thanks to everyone for being so generous with good information. Truly...