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well, APA does have a point, however, leverage is good for those who know how to CONTROL risk. that's it! and it's the same on any market that has leverage 100:1 and beyond.

a broker doesn't need to look for a profitable trading system when it's got profitable traders...

Hey ... I was looking at a Schwab ad. "Trading smart in this market beats reacting to it" ?!!?! Huh?? Are you for real!? How can you trade smart if you don't react to the market? Is this the ad agency's idea or theirs?

i call this the Livermore Bucketshop Syndrome. they need to understand that in the days of Livermore, a bucketshop had no access and couldn't technologically mirror a trade in real time so that's why they got pissed. not so today... not so.

i don't know man... they do need a few years to get rid of the paranoia..... "oh my gosh... someone's out to get my lunch".... pfff :)

helooooooooooo!!!!!!!! wake up!? Do you really think a broker that sees a trader making good calls will try to get him out of his hair??? Why would he do that when he can automatically mirror his trades forward on the broker's ECN and make money ?

capitalism is slowly slipping away and we're entering the era of angry mob driven socialism.

i think there was a study that proved tigers can actually read charts (if they want to...)

hah :) i'll go mate a bit ... schhhhhh! :d

with all regulations, when you trade stocks, futures it's the zoo for you. we who trade OTC and unregulated spot markets are in the jungle...

no man, you as a trader are the tiger. the industry itself is the human.

The higher the probability of a trade the worse the return compared to risk. Conversely, the lower the probability of a trade the more return vs risk can be yielded.

great post. a lot of people have difficulty understanding that they can't force a market to give them the opportunities, so they lose objectivity and go on making trades that they eventually kick theirselves for having taken them. trading is a patience game among other things.

you need to keep a detailed diary.

And trust me... when you understand the market you'll also understand that the bullshit risk:reward ratio rules are not applicable under all circumstances. there are trades that can't possibly yield you more than a 1:1 and there are trades where you can get even more that 1:10. Of course...

in a way, succesfull daytrading is SIMPLE because it really only needs price action (S/R levels for me are part of price action), volume and that's it COMPLICATED because you need to understand what is price and you need to understand all it's subtleties. Just like you can recognize a...

ammo: that too :) for all of you who only picked my "15min" part of the post... I was giving an example. I too look at the market on a broader term before plunging into my working timeframe. however, price movement is (with slight differences) similar on all timeframes. what you...

it all depends on what you trade. if you trade the trend and enter on pullbacks, you can't really add to positions especially if you daytrade and go for a retest of the previous swing high/low. however if you trade reversals, adding to winners is essential in building up larger positions.

however, your lack of tolerance for the opinions of others is indicative of the way you are actually doing in life. with this said, i honestly wish you all the best, but i will not answer to any of your posts ever again. as much as my trading goes, you don't have to worry about me.

little lamb, you! :)