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Now these are real time calls, no matter the OP traded these with real cash or not, it showed that he has a pretty good/solid working systems that was profitable and beat out most traders out there

That is in a very hard condition to place a trade. The market is hard enough even for people with a super computer and fios. One suggestion is to use a window tablet (7or 8 inch with window 8 or 10) and a 4G hotspot, (7 or 8 inch tablet can fit into pocket) , and with that you can look at a...

Awesome trading!

Fed tax 28%, state tax 9% (CA), 6.2% Social Security tax (up to 118K), medicare tax 1.45%, so it is close to 45%

The magic words on trading earning are compound and scale up, if you happened to be able to to accomplish to develop a reliable system.

Congratulations on your excellent automation systems!

With such success rate, why are you so modest that you trade only one contract?

I hope he traded at least 5 to 10 contracts at a time; last year he made around $5000/per contact, so that would be $20/per contract/per day, so if he traded 5 contracts each trade, he would made $100/day, if 10 contracts then $200. But if a swing trade lost 30 points like the recent one, 10...

PRM is probably the best thing he has found after so many years of trading. Well, everyone has his/her conviction, no point to argue; some found their best things in algos/indicators, and some fund their best thing in PRM/psychology.

It makes more sense for 1 million contracts. It is feasible to trade 100 ES contracts at a time and multiple scalping will easily get you a couple thousand a day.

1 million trades? if he made 400 trades a day, it takes 10 years; if 100 trades, then it is 40 years. How many trades you think you can do humanly possible by manual clicking (no automation) in a day? Just curious.

Verizon 4G Jetpack is wonderful and the battery lasts 6-8 hours; MS Pro is reliable and smooth; there are even a couple of 8 inch Window tablets that you can put it into your pocket, though they are Atom based computer but can run Window 8 or 10. For those 8 inch, pick one that have 2G Ram and...

So one way a CEO to max his income is to split his company into 2 or more. Then if the workers salaries range from 25K to 75K, and the median is 50K; He makes 5 million on each of the companies, so he would still make 10 millions or more. Smart entrepreneurs would also find ways to fight those...

"small cap stocks between (0.25-3$)" I think one of the problems trading those stocks is that you can't scalp up; then to trade full time, probably you will need a system that deal with larger markets, and a mechanical system would be helpful in reducing the stress and discretionary effort. If...

The benefit of trading equities over ES is you can trade at the time of your choice. For every hour, you can always find something to trade, because at any given moment, there are always some stocks on the move that you can catch, providing you have a good system to catch the move.

Forex trading is hard, harder than most of other instruments, but once you can harness it and make it profitable consistently, the other markets will become much easier. So you can use FX to design, establish and optimize your system and move it to trade other instruments.

I didn't mean that one. The option guy didn't complete his trades yet, and his one week trading record was quite good, if that's real, he was competent, at least for the moment.

what a mind can conceive or believe are two different things. recenly we saw a few examples when incompetence meets arrogance, and you all know what happened.

People mostly would blame things like poor money management, discipline and many others because they are easier/simpler to fix; they choose to believe those are the problems that cause their trading troubles and dodge the most critical one.

I trust her story for the most part. Besides, she didn't sell anything, not a vendor, not selling any subscription, books, seminars etc, she didn't need to prove to other people by doing the combine. She is a very intelligent lady and from her story I can tell she went through a lot and a long...