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Same here, I can go about 20 days or so before a loosing day. Back in the day I traded in a group at Worldco where the group leader was able to go about 2 years straight of wining days. I thought that was unbelievable. Then he told me the guy who taught him can go 3 years plus making money every...

I like to listen to people screaming! I have a sound track of people getting chopped up from the movie “Texas Chain Saw Massacre” . It gets my heart pumping and makes me feel like a Viking raiding a village! ROFL

Back in the day like the late 90’s there was a guy named Jake Bernstein. He was selling a mentoring program for trading future spreads by experienced traders. His deal was if in 1 year you don’t make at least 5k he would refund your money! I don’t know if it was worth it or if anyone...

The tick is an excellent indicator when used with other indicators. Most floor traders use it on the NYSE. There are 3 ways to use it. The first is contra trading. When it hits 1000 + or – then that is a market top or bottom! It’s great during panics. The second way is trend trading. If the...

My trusty crystal ball and tarot cards…. LOL

I have no clue! I trade a automated sytem and it is right 86% of the time. I shorted the top that day and then covered. Then it went long. If the market is up Monday, Great! If not it's just part of the game.... Most likely is 4 es points up some time in the pre market or morning. But who knows?

Long 1/2 hour before the close ES and NQ! We will see!

I don’t see how anyone can make a living trading the ES following the trend! I have back tested many strategies and the only ones that make consistent money with good risk to reward are picking tops and bottoms! In back testing I am looking at 1 year of intraday tick data. The opposite applies...

I personally know a lot of people who don’t use charts. Most of the traders I know who don’t use them pull 7 figures. One of them is a partner in Schonfeld, another owns Equity Trading, and the last guy used to be one of Worldco top traders. Some of these guys only look at the last price...

I have a few back tested strategies that work great on 30 > minute bar charts on Tradestation. But when I automated trading with real money the returns are about half of what the back testing shows. I changed my tests to look inside a 1 minute bar and the numbers are close to using real money. I...

I used to trade mid cap NYSE stocks that had an average volume between 500k and 1.5 mil shared a day. The tricks to finding good companies that make you money are: 1. Look at earnings wispers, earnings, just about any significant news, but not headline news. 2. Look at the charts. The...

It has taken me 4 years. I can give you an example of other traders I know. One guy who owns a pro firm took only 6 months and only has a losing day every 2 years. Another who was Schonfelds top trader took 5 years of loosing money to make it. There is also another guy who took 10 years but he...

Check the New York times, http://www.nytimes.com/ . Once in a while you will see a position you are looking for open..

I know this is a subject that has been killed to many time, but I am in the mood for a few good laughs! What are some of the most outrageous moments, things, and people you encountered trading? I know it’s going to be good! Any Takers? For me, one name Walter!

Trading the indexes for a living is very possible! BUT, I have never seen a new trader make it. The best thing you could do to start is go prop trading listed madcap stocks. It’s much easier and your odds are much better. The only people I know that make money trading the indexes have been...

I am in the process of finishing my automated system so I can give you a little advice. Fist off you need to trade liquid electronic markets, if you don’t slippage will wipe you out. In my case I have a very profitable system that I have traded with real money for a while and that makes a big...

Here is the deal I have a few very solid trading systems for trade station. First off I need to know if hedge funds will trade a system that is proven and give the designer a percentage of the profits earned. Second if so, how do I find such funds and how should I approach them? Thanks...

The trader I mentioned who trades $250K, trades $2-$5 stocks. He has no secrets, he just researches good sectors with huge growth potential and plays market maker. He gets a core position for $5 or less, and holds few 100k shares. He trades in and out while they run up to $20 - $30 a share. Then...

1% a day is very possible! I do know quite a few traders do that and even 100% a month. But like a few people answered liquidity becomes a issue at some point! One example is a guy I know who trades only $250K and makes a few mil a year doing it. But once in a few years he blows out the account...

That is a smart move to check out the people you are working with..... Couldn’t agree more! Unfortunately I sometimes don’t have the option of knowing the seller or buyer until they meet me at the property with the real estate agent who has the confidentiality agreement singed in hand...