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Yes you would be fine. You can trade with the amount of money that you wire to your brokerage. Trading on a cash basis means if you wire $5000 to your account, you can buy $5000 worth of stock. Trading on margin means that if you wire $5000 to your account, you can buy $10,000 worth of...

To "daytrade" as defined by the SEC is to make 4 or more trades in a rolling 5 day period. Take a typical week with no holidays. You make 2 trades on Monday, none Tues, 1 on Wed, 1 on Thurs, and 2 more on Fri. You made over 4 trades in 5 days so you're labeled as a "patterned day trader." I...

Long 20k AUDUSD at 0.7390

December 23, 2003 I am starting this journal to make me accountable to my system. My backtested results show approx. 2000 to 3000 pips profit in the past year. This applies to all major currency pairs. The system is simple. I use a 200 and 250 simple moving average. When the price...

Other: Spot FX Absolutely no liquidity worries to speak of. Trend following systems do well in this market.

Just wondering what you are paying for internet in HI. What's the choices there? DSL, Cable, and dial up available?

play the airlines

Yep that's right. Up to 1 million max.

I currently trade with Refco which is the parent company of FXCM. The feature I like the best from them is guaranteed stops. I place stops just before London or Asia open or just before an economic report and if it gaps against me, I still get filled at my stop. This way I can gamble by...

Beer downtown on a weekday sounds like a good idea. Since its dark by 6pm we could start then. This way, we won't run too late for the following day's trading. DNAJ65000

Which is better? Viewing trading as a great job that gives you a lot of income year after year, or viewing trading as a method of wealth creation and not spending what you earn until retirement?

He has a big ego so he doesn't make a good impression. As for his trades, I think other ETers have analyzed them and even though there's big drawdowns, I think he's telling the truth. If his posts bug me to a point where I can't stand em, then I won't read 'em. But for now, I find his posts...

Trendy, Your sarcasm is a sad attempt at humor and are you rightfully flamed for doing so. Everybody understands the spirit or essence of the question and I know you do as well. However, your choice to play lawyer and bring up the semantics of the question is petty. Your kind of posts...

LOL!! It scared the s**t outta me too when one of the people at the GA meeting read it aloud. For the next 20 minutes while others where reading other passages of the booklet, I kept flipping back to it. At the end of night, I concluded that sharing one strikingly similar characteristic...

How is CMC's excution on stops? Is there any slippage in either stops or in limit entries? 3 pips is nice. I'm just wondering if they possibility get you now and then thru slippage.

You hit it spot on. You understand the point of my post and I think it is largely due to the fact that you are one of the lucky minority who is consistently profitable. The point of this tread is to help other yet to be consistently profitable traders realize that their trading method could...

Very well stated. Compulsive gambling, like overtrading, is due to psychological reasons. Good point. DNAJ65000

Clearly you did not take the time to read the original post or else you should of understood my motive for posting is to draw similarities between the two and improving one's trading from understanding the other. In no way have I said that trading is gambling and that gambling is bad. Please...

fxtrdr who posted the link must have something to gain from promoting the firm. It is the most unprofessional FX web site that I have ever seen. At first I thought it might be because it isn't North American based so I gave it some leeway. I then proceeded to open their demo account and...

I heard that quote before. I believed in it before going to GA. The person who originally wrote it probably wanted to make himself feel better about what he was doing. The negative connotation of it to the general public was too much for his ego to bear. This is the same reason why...