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Ronb, yeah, I'm pretty sure that if you had the guts to actually do that in real time you'd have a pretty decent chance of making money with a random entry system that cuts it losses and gives lots of leeway to winners and based on great position sizing, and then you go and improve that with...

Lived there 5 years, you want some nightclubs in Roppongi? Lexington Queen still rules

I do agree with that, that's the stuff where you earn your money with.

Or, if you don't wanna fiddle with dem bananas, just trade some futures or fx.

I've no idea about the soy complex, but I suggest that if you wanna check the correlations get some long term charts of each and do a quick visual. If you wanna delve deeper maybe a book on the fundamentals might help you more. Try these...

From what I've read from him he seems to have been a proponent of pro firms, which is ok, and a really honest one at that, which is a great, albeit somewhat rare commodity:D

I sort of agree with the theory of that, but applying that in real life is, as all the stats show, a different story altogether. Just for the record let me add that I do believe that there is money to be made trading extremely short time frames, but the upside is limited, and there simply are...

Of course the risk is there if you are filled on most of them, and there is simply no way of knowing before the fact on how many you'll be filled. Market exposure = market risk, unless you've reinvented the wheel. And what you call use of capital is nothing else than leverage. What's...

I'm not about bashing Don Bright, I'm about clearing up what the real world probabilities are in earning a decent livelihood when you think that you should try one of these pro brokerages, there is simply way too much dissembling going on there, which is understandable considering the state of...

Hehe:D

This is really getting funny now. Did you read my last post? That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing...

That study was directed at daytrading firms where people trade from an office, and most definitely did include pro firms. Anyway, ain't no difference between some one who gets a license or somebody who doesn't have one, has nothing to do with earning substantially more over time than you're...

Oh, thx, yes, that is first rate.

Don, what on earth are you talking about?? I wrote: First, just because somebody gets a license that doesn't say anything about their abilities as a trader, and traders who don't scalp don't have any incentive to go to a pro firm anyway. Then, irrespective of that, you say, the numbers at...

First, just because somebody gets a license that doesn't say anything about their abilities as a trader, and traders who don't scalp don't have any incentive to go to a pro firm anyway. Then, irrespective of that, you say, the numbers at pro firms are much much better? Oh really? Why don't you...

If the 95% weren't true, pro firms would be the first to prove their numbers as a marketing ploy to attract fresh traders. Btw, there are something like 7000 full time daytraders, representing less than 0,01 % of all people buying and selling stocks, that really doesn't affect IB's in any way.

There is a lot of info here, some in other recent threads, probably tons of info if you punch pro trading, prop trading and so on into the search function at the top right hand corner of this site. Here is a link showing you some of the advantages and what you have to watch out for with pro...

Oh dear, let's not go down that ground. I've never been involved with any kind of pro firm. The 95% is a well known industry stat. The relevant question is how many manage to earn more than they lose after all costs over the long term, and if that sum is sufficient to finance your personal...