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If I'm not using the buying power, what's the point of the prop firm?

I'll be honest, I need some sort of decoder to understand your reply haha. Though it sounds like you know what you're talking about.

I believe it. Happiness is a function of who you are, not what you have. And money can't change who you are. Excess in physical desires has never made me happy in life, it always feels disgusting.Think about the last time you overstuffed your face with a box of donuts. Money can't buy self...

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Using the 5 minute chart, and taking 20 minute trades. I am familiar with moving averages, but I am curious if a particular one has the most "bounce factor" to stop trends. By trends, I mean trends on the 5 minute, not longer term.

There are many documented stories of near death experiences. People who died on the hospital bed, and came back to life. They described scenes that happened while their eyes were closed and heart was not beating. Even recalling readings on medical instruments that weren't even facing them. The...

Does SMB use Lightspeed?

I am personally checking out SMB. T3 is first loss, which means that no matter how much buying power they give you, your actual equity is on the front line for losses. How can I risk a 15% drawdown on $300k buying power, when my personal equity of $20k takes the whole hit? The buying power is...

Their official position is "strongly discourage". I wonder if they're just saying that to make regulators happy, but they would take it...or not.

He focuses on the psychological aspects.

I was under the impression that he was somewhat successful. Either way, his ideas are right on target from my experience. There are profitable traders out there, but none of them have taken the time to really explain the deep foundations of how they see trading. There are good traders, and...

Mark Douglas' "Uncertainty Principle". Helped me stop getting angry at losses, and keep a level head, stay away from revenge trading and other bad trades that come from frustration. Just a little switch in how I saw trading made all the difference. (famous book, Trading In The Zone)

Every indicator I looked into tells me what I already see in the candlesticks, so what's the point. Become familiar with the ebb and flow of the market, and you won't need indicators. (My two sense, I am no indicator expert)

Heresy: Belief or opinion contrary to orthodox religious doctrine.

Why is the word heresy to force people away from true thought, and to cower into mindless belief? Why is it acknowledged as a legitimate thing to say? If you have questions about the legitimacy of a religion, ask them. If it's not real, then why the f*ck are we believing in it? Shouting heresy...

There are a whole lot of good things for you to accomplish, that only you can do. So cutting it short now would be a shame, regardless of what comes next.

It's not necessarily better than retail. IB commissions start at .0035 per share, whereas T3 starts at .006. It does go down with volume, but so does IB. Places like SMB get .0007 per share. They don't mark up commissions, but rather take a larger profit share. If I remember correctly, the...

Do you have experience on what margin IB gives for Portfolio margin for day trading? Curious.

Yeah, they start .006 per share. But what's the point if I don't use more than 4x margin. I'm not comfortable risking 5% per trade, and losing 40% of my account on a losing streak.

That's part of what turns me off. They told me traders keep 95% of profit. Marked up commissions and data fees, so they get their money either way. It's probably a bad trap for new traders. People come in and blow their deposit using 10x leverage.