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That is also very good point about leverage. Unless you have a real inefficiency or edge to exploit.... then leverage is trouble because the math can work against you. As we know, lose 10% of account, only need 11% to get back to even. Lose 20%, need 25% to get back to even. It starts...

Some really good discussions and advice in this thread. I made a mistake of trying to pursue trading as a novice and did it all wrong. Now I am in school for a comp sci degree and looking back my mistakes are so clear to see. I was trying to daytrade futures. I looked for some general...

Could be less than that, but the non-ET clients taken over the years would push it back up, maybe over a million even. for example 1 million divided over 12 yrs is roughly 83k a year. :D

Thank you for the explanation. This is the great misconception in the retail daytrading community.... the tales of intraday traders making massive gains from small beginnings are because of market inefficiencies and real tangible edges (that are for the most part gone)...... NOT the standard...

So let's do the math...... course costs 7k, and 125 ET members have taken it = $875,000 and that's just from ET members, not counting other clients not from ET. Hmmmm.... anyone else thinking of getting into the education business??? :D

Interesting stories in here....... and thought provoking...... maybe we should be clear that there is a difference between exploiting an inefficient market and simple gambling on future price direction. I have read opinions of how the shift of trading off floors and away from human order...

Well maybe send him to ET. We have had many users here claiming to be pulling fortunes out of intraday futures markets with never a losing day!!! Maybe he can start a "journal" and then get some "mentoring" from them LOLOL!!!:p

The CEO has said that over 300 have been funded.............................. but won't disclose funded trader results for fear of competitors "poaching TST talent".......... He said this on Bigmikes last year. I would like to know how many of 300 manage to stay funded. I would also like to...

Hahaha... with all the articles i read about the surplus of oil, i also could not help but think of all the PEAK OIL stuff out there not too long ago....... i understand high prices can be self-defeating but still....... it's amazing how quick things go from "we are running out, $10 gasoline...

well this is quite a warning on the dangers of leverage........ something like this seems to come out of the blue every now and then...... if overleveraged then all you can do is hope you are not standing in its way when it happens.

Yes i heard about the FF guy who raised money from forum users and went bust. Not the first time someone raised money in such a way, i remember seeing CFTC documents of a similar situation happening in a different forum. It happens here and at Bigmike's too. There is always a population of...

Wow, just read something interesting on Bigmike's, related to earlier discussion in this thread. There was discussion of some guy Pro Trader Ed in here................... he had a site selling education where he showed track record of futures daytrading (scalping small 5-10 tick gains) in ES...

Hmmmm,, interesting comments. Not surprising to me. From what I have seen there is not much edge in popular intraday futures symbols like ES, Euro, GC....... Brett Steenbarger seems to agree....... He had a post where he said to make a living as a daytrader today you have to be in...

With vendors it is the monetary gain and they are easy to spot because they have an online "storefront" where they advertise their goods. But ego gain is very common problem in trading social media...... Trading probably attracts lots of arrogant people.... too proud to ever admit they are...

You guys won't have any more luck asking proof from nodoji than you will going over to BMT and asking from mfbreakout. Who knows why either of them are continuing to do what they do for so many years. It's nuts. IMO, if someone is very diligent and very disciplined maybe they could become a...

All I can figure is he must be mentally unhinged in some way. He's been running this game for years now, been caught in more embarrassing lies than anyone can keep track of yet still he continues. I can't figure it out, but something very "not right" about it in more ways than one. With all...

Just went to BMT and saw a funny thread................. :D:p https://www.bigmiketrading.com/trading-journals/33372-mfbreakout-non-sense.html cant believe big mike banned the OP. I dont blame him at all for calling out that BS-er, who is apparently still up to the same crap as always...

LOL that's pretty funny. I was thinking that they should've known the guy was a salesman, a quick google search reveals that. But it's possible they did know about his vending but chose not to mention it, because doing so would give him free advertising. Interesting story on the...

I am not accusing him of lying, I have no idea what his P&L is. I just thought it interesting that he never mentioned in the show that he derived income from selling education materials. And humorous that his site is called EZEE-TRADING. :p

The second episode doesn't paint a pretty picture for retail daytraders. You've got the college drop-out living in his parents attic, posting trade pics on instagram and talking about becoming a trillionaire. The lady selling kittens to raise a 5k spreadgambling stake. The guy with a trading...