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i absolutely agree with you, tnt. the only way to hope to have a chance to survive here is with the (small) anti-martingale strategy (eg fixed position size of 2%/equity as calculated per your stop for your opening unit size and potential further units > position size here grows and shrinks...

well... the large majority of successful buy side players do not daytrade... i'm not talking about a smalltime exchange member, but the big hedge funds and CTA's... 75% of CTA's are long term trend followers... Robertson and Soros very rarely traded intraday. of course on the sell...

i agree that less is more. at least if your objective is maximising capital growth then trades with longer term holding periods, accordingly meaning less no. of trades/year, is the only way to go. cheers

thx for sharing that highly interesting article with us. just goes to show that if you manage to identify what the truely relevant factors in achieving success in a chosen field are vs all the irrelevant noise and combine that with strict discipline you can make it in pretty much any...

i agree... either you're lucky and end up at some institution that teaches you how to trade and where you may rest assured that they are not after your money for seminars etc because your objectives are identical, ie earning money through trading for your common employer... basically, if...

the only way to learn to trade i ever heard of that works is: a: teaming up with somebody where you have proof that their method works...(proof here doesn't include a couple of unverifiable tall stories but the real stuff, ie audited p/l statements) or, failing the availability of a b...

thx for clarifying. but am i right in thinking that they offer low commissions, ie their profits don't necessarily come from rip-off high commissions but rather from depending on heavy volume round turns? if that's the case then cost wise you're not worse off than a private trader with eg...

i don't quite understand the deal these LLC's offer their traders: you don't have to put up any capital yourself, you get to trade their capital and RT costs are very competitive. yet they offer payouts of 92%... so how do they make their money?? cheers

beware of foreign currency credits with lower interest rates to save on interest payments in your home country with higher interest rates, I'm aware of the fact that a number of crooks in europe are trying to sell them by marketing the low interest rates in japan etc, but with all costs and...

i agree with wet... a service / product for which you have to pay has to face due diligence / public criticism to afford an objective and unbiased protection of consumer rights... this is trading we are talking about here, a business where it is the easiest thing to measure results...

@praetorian before ever signing any kind of a binding agreement i would definitely recommend having specialised contract / finance lawyers etc go over all the fine print and possible consequences... small change compared to what you can earn / lose... cheers

1. Liquidity > great in both 2. Splippage > vastly superior in emini, because it's immediate electronic execution - although "fast markets" may hold some nasty surprises, but that will disappear once the pit dies out... 3. Brokerage fees > no difference 4. Execution speed...

if you want to trade intraday forget about indicators, just follow price / volume, all indicators are derivatives of price etc and as such lag and are much too slow... no professional making money i have ever heard of trades intraday using indicators... unless they don't / can't trade and...

does anybody have any info / experience, positive / negative re the forex broker http://www.oanda.com? cheers

ps incorporating is of course a different matter... but the situation for you personally as a us citizen doesn't change. cheers

well... us tax law requires all us citizens to file an annual tax return and you are taxed on your worldwide income, no matter where your official residence is... there are a number of complex exclusions and credits available to allow avoidance of double taxation, but for your specific...

tntneo, i didn't want to imply that you were hyping anyone, i meant the likes of tokyo and waxie, who, from their own talk, if alas less walk, make it sound like george soros is their impoverished third degree cousin... then again, of course you're right, it always takes two to tango... cheers

hehe, who cares about calls?? i care about a real time audited (!!) performance, everything else is liable to massive manipulation, eg where do you exit, where are your stops, what's your mm, etc etc... Tokyo Joe had great calls, a great performance (which unfortunately turned out to be...

no, wouldn't change anything as long as you maintain dutch citizenship and legal residence in holland... as long as the above holds there is nothing you can do to avoid paying taxes on your worldwide trading income in holland (and the us are really diligent on forwarding that info to your...

i copied this from the waxie thread: Dustin wrote: "Ken, at the time some guy challenged Waxie to prove that he really was making all this money, and if he proved it the guy would give him World Series tix. Waxie provided his daily trade P&L for all of his members and his claims were...