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Why would he? I wouldn't. Annoying active EliteTraders for 25 years in a string alone won't be enough to become a trader. You will need to actually read 2+m of books on diversified trading subjects (a 5m pile on Gann won't cut it mate), do all the paper trades & analyses detailed in there, try...

Of course not. That would imply that on every trade you make your chance of winning is reduced by another 50%. That's a completely different kind of situation - That applies on the long run, but not on the short - Which is why you can win even in games like baccarat, blackjack etc...

I just watched a really amazing documentary on late primates. They said that the only plausible reason for why they would have started doing something as useless and risky (visibility to predators) as walking on two legs would be the desire to be sexually attractive to the opposite gender...

Important to know if you're a gambler playing games like baccarat (which has a close to 50/50 chance) - You gotta know how the chances are to have a particular streak. That way you can constantly evaluate probability. Great practice for traders, too, by the way... Here the stats of probability...

My GOD. That is sooo f*cking hilarious man! Mr.Market - Discovery of a disgraceful, primitive species. Or: "The other Spiderman" TM - My compliments man - but could you please publish an edited version with him sleeping in meats & cheese? Seems to work well for hairgrowth...

Well, very few people can... Most lack discipline and flop out before they even take off. If you can't sit through a trade or sit on your hands, don't trade. But their worst mistake is that they buy so many hokuspokus indicators, systems & courses that they have no money left to buy stocks to...

I agree. However, you must remember that anything you buy by way of indicators or systems will as an immediate effect reduce your trading returns, while the possibility of boosting them using what you purchased by the amount invested is considerably much lower. Basically, the more you buy, the...

So, mrmarket? You sound rather insecure? I make more in a week than you make in a quarter. Be humble about the markets, or the markets will humble you. ~The Scientist

Your words on golden scales. I know a lot more unhappy $-rich people than happy ones. What's the point in being loaded if you're not happy? What's the point in being loaded anyway? ~Scientist

Absolutely! I didn't know Oz's book, but my rule is 25% of capital as absolute maximum for scalping. Also, with many particular stocks (internet stocks like NTES, SOHU - great for scalping because of less experienced DT's / MM's), I have a limit of $20,000-$50,000 per trade, in order to avoid...

What a very smart and constructive comment nitro. I suppose that's why you've got the highest post stat around here... :eek: Death to all extremists! :D ~Scientist

LOL. Yeah. :D If they had 1 million users, they'd average about $50 million a month, wouldn't they? That's more than 97% of US companies make.... ~Scientist

... Sounds scary axeman... Never looked at it that way... Ever happened to you? Ever happened to anybody here? What do other scalpers think? ~Scientist

You speak my language candleman :D Comparing scalpers with position traders, for example, is like comparing an F-16 pilot with a farmer. It's possible to make money scalping - However, I think it's the most difficult form of trading (from my own experience). I scalp (or let's rather say...

Maybe we should ask Alex Elder? From reading his last book I think he's probably a credible enough sort of trader. On his site ( www.elder.com ) he endorses the MESA software, saying: MESA Software John Ehlers The best software for finding cycles in market data. The author is...

You're on my buddy list :D

How about just one position and VERY tight stop-losses? Ever heard of scalping? Momentum trading? I often don't allow for more than 5-25 cents stop on a medium-sized share. Put all your eggs in one basket and then watch that basket really closely... ~Scientist

A trading system should only measure based on the close of the bar. Sounds like crap... Keep me updated! LOL. "All results mildly negative, with significant drawdowns"... Love it! :D I don't think it's in their best interest to do so... :p I reckon it's because they're doing fine the way...

Rich girls are a pain in the rear. Most of them are spoilt brats. Trust me. I know, 'cause where I live there are hardly any poor girls around (in this particular suburb, anyway)... Besides they think they don't need to work so they don't need to think. Might as well get an inflatable :D...

Anything wrong with being a day trader?? True, it's all a matter of perception. Personally, to me "extraordinary" risk means 2% of equity at stake. Being "rich", by definition of "Forbes Magazine" would mean having a net worth of >US$10 mio and a net income of >US$1mio per annum...