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I am sure it exists..but highly unlikely. The people that go on to hedge funds, or set them up normally are extremely well educated, extremely well conected, and have a very good resume from very prestigous firms. people like this dont work at prop firms becuse they dont need to. As...

i dont know how much leverage is offered now adays... but, If i have a 100k account, then i have 400k buying power intrdaday or 2:1 long term for stock. or 100k in options. If i want to be directional in options...i imagine i could control easily $1mm work of stock or ETF with options...not...

really..i dont know any firms that DO allow overnights. but then again..I am not an expert on props.

I would never do it for a lack of overnight holds and more sophistocated strategies like options. Most of my money I make holding longer term. liquidating end of day would cut my profit at least in half if not more.

haha. me too... richard, could you explain your strategy and your reasoning? thanks, Dan

I agree 100% with richard, but a calendar is not the most simple strategy there is. I also agree that simply becuse your investment is low, that deosnt mean that it is low risk. A low risk trade has a good risk rewrd ratio...your R/R is lousy with the 45s. you would be better off buying a...

I am going to offer an alternative view on the market here and we will see which one turns out...Hope you can learn from this. 1. NOT a lot of good economic news. Oil (i.e. XOM) has great earnings that are bringing large dow compnets up to resistence levels. Look at XLE and OIH hitting...

hahaha. yeah...set the wolves on him and show him what unlimited risk feels like. jeez rennick...you are a masochist.

chewy, You are approaching resistence at the 60 level...so not a bad time to see if it his resistence...and breaks back down...HOWEVER. your stragtegy on that trade is realtive shite.... 1. why are you buying SO FRIGGIN FAR out fo the money? what makes you think it will go down so...

this refers to stops and price objectives. for example...you buy XYZ at 130. 128 stop, 138 target. you are proven "RIGHT" or "profitable" when your price objective is hit or "wrong" when your stop is hit. in between is a bit of a grey area that doent count as profit or loss until one of...

This year has been my best...My yoy average is around 35%, no losing years, maybe 5-7 losing months total. I trade anything liquid. Like many people this year, have been following ETFs, OIL sector stocks, and i have been shorting real estate. I also use index options. I dont daytrade...

1. You make lots of money as a position trader going in the same direction as the market, and using strict money management. 2. 1% refers to your capial at risk...not the % movement of the stock. If i have a $100k account for axample, i make sure my stops are set to never lose more than...

i know how traders end up on that list... i have a theory...that there is a difference between Understanding and Comprehension in items like this. I think most people understand these rules...and understand why they are important...there is another level of COMPREHENSION that takes place...

I have a watch list of 40. I dont like to be in more than 5 different positions at any given time. that being said...if i am short DIA, and also own DIA puts...that is 1 position. I dont have a super duper TRADER 1000 trading machine with 17 monitors...I just keep it simple.

going back again to money managemnt... It is wise to look for a minimum 3:1 potential win to loss ratio. If you dont know how to look for this...you porbably shouldnt be trading. IF you dont have a good foundation for this ratio...dont enter a trade. If you hit your 1% loss...get out...

mike... Good question...each of these rules has an explnation after them to qualify. i dont see them as contradictory. 8. buy weakness and sell strength to me refers to overbought and oversold, or short term changes in overall trends. a good example recently would be OIH. at 130 was...

true nothing is in stone...it is all on paper. as countless people have suggested to you...the odds are GREATLY stacked against you based on: 1. Overall trend 2. economic forces 3. fundamental analysis 4. technical analysis in addition...I doubt any profitable trader here takes a 4.5%...

what??? the market gapped DOWN at the open...and if it breaks into the green...that is just barely maintaining a weak 3 day recovery after stong selloffs. there is minimal buying strength here...which is why the market has been trending DOWN since MAY. this is NOT a good day...this is a...

disagree 100%. I think specifics would lead a new trader to lose money, people need to find their own way with general guidelines, not just follow word for word what someone else says. which one of these rules if followed do you think could lead to a loss?

I was writing these in my own personal reference material...thought i may as well put em here to for those who wanted to see a good quick reference to some good rules. hope it is helpful. 1. Trade with a plan and stick to it. 2. Trade with the trend 3. Use stop loss orders whenever...