Search results

I'm a long time member of ET but don't post much because I prefer to read more than post. I am attaching my Excel spreadsheet of the past 30 days of trading on my Oanda account. What excites me the most is that I have a new trading philosophy and my equity curve is looking quite nice. Is it...

Here's another interesting thing to ponder. Most you guys play poker I'm sure or at least know how the game goes. In poker they say if you don't know who the sucker is at the table, it's you. In trading, if you're looking for other people's opinion and advice, you're in the 95% of losers.

I'm not saying this to insult you in anyway, but you're making things a lot more complicated than you need to. Take your chart to a child. Ask him/her if it's going up or down. Whatever they say is the major trend of the move and you should take that position on reasonable size to allow...

Take a read of Market Wizards noob. You'll expand your knowledge of a world outside of equities. In terms of size, the equites market (stocks) is the smallest, the debt market (bonds) is bigger, and the cash market (FX) is the largest. How often does it move 1 cent? The simple answer is a...

A suggestion... Everyone new seems to start with stocks. I know I did and although it's valuable, jump ahead of the learning curve and go with FX. $2k acct at 5x leverage (which is conservative in FX) makes you trade a mini-lot worth 10k. Each pip the EUR/USD moves = $1. So a 100 pip or...

They're not fully transferrable. FX trends more.

You sound like a break is definately good for you. Consider getting a good entry level job that pays well, such as a bank teller. When you're ready, open a FX account (mine's at Oanda) and trade on very small size to relearn the markets. I suggest trading on cash with $1000. The FX market is...

Read up on them. People with another laptop sitting in the same hotspot can sniff out your data because it is an open network. Unlikely, but if you're in the business district of a downtown core, enjoying your Starbucks latte, I wouldn't be surprised that your account data being intercepted...

Nice work on your posts. I too use E*trade Pro and you did a very nice job on illustrating your trades. Way to fully disclose your trading so no ET trolls can jump on you! I scalp on nasdaq on bigger cap stocks such as RIMM, APOL, YHOO, EBAY, AMZN etc. I combine a 1 minute chart with the...

I wrote this LONG, intelligent, elaborate message and attached an image to it and when I pressed submit, it was too large to upload and I lost my message. Well, that's great. So I'm going to only upload the resized attachment. It's a weekly 20 year chart of the S&P500 with a 200 period...

trader, there is no incentive to "prove" it especially on a public message board. Unless the individual has a motive of self gain, why disclose your results? I can understand successful traders giving their results to venture capitalists wanting to start a hedge fund, but to just display your...

I apologize for the newbie question. Can someone pls recommend a commodity broker or a place to find a list of available ones? Thanks

Hi, If you have 80k in the bank, take 10k of it and open an IB account (for low commiss) and start trading if you're going to do equities or futures. Or if you are so inclined to trade the ForEx market, you can do it with $1000 and still learn a large portion of the emotional/psycholgoical...

Make a big fuss at the firm and blame their software. Then if that fails, file a lawsuit against them...yeah, that's the ticket! :confused:

Don, I apologize for the numbers.

Good posts...elaborate and intelligent. I understand what you are saying however I do approach it from a different angle. Don is saying treat it like a business. The Brights are running a business for businesses right? So for the prop firm, they risk nothing because their traders put up...

I've been following the articles on it and the only one I heard of the date it's coming to market is sometime in the summer. Does anyone know if there wil be a 90d restriction on IPO holders that they're not allowed to dump it within that 90 days? It's usually the rules for new IPOs but with...

Yes I agree, profit split is >50% of net. But that is net of the commissions/fees you are paying to your broker. Higher payout brokers charge you a higher commission and lower payout brokers charge you a lower commission. Factor that in and you've got about the same take home imho. If a...

From my own experience and from talking with others, if you take the take home pay per month divided by the gross you made, it likely comes out to between 30%-35%. By take home I mean net of commissions, rebates, desk fees, data feeds, haircuts(a term Bright uses to indicate interest charge for...

Thanks for the info GATrader. I'll educate myself on the subject.