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uh besides that assent is out of business...or do i stand corrected?

One more thing, ALL prop firms will try to convince you to use strategies that are either A. volume excessive or B. capital intensive (so they can justify the "we give our traders $1MM capital, or they will say something like ,"these days it takes a million to make money in the markets.)...or...

PS im done for the day 1.5% return on buying power thats 16% return on equity for the day. all opened and closed today.

i agree when you are building yoru method and honing your discipline..a certain amount of hour are probably necessary....when i built my trading systems i was a small trader by day and a full time qc engineer for DENSO at night...and also typically i networked the engineering computers to run...

gee funny i just read that story in "4 hour work week" perhaps you could quote sources when you "borrow" stories...but i am on board with your reasoning. I just got back from a meeting with the owner of one of the larger prop firms in the industry. His methods made my skin curl. Of course...

Yes absolutely. sorry i just read this now but you should have called your firm and they should have eaten the loss in excess of your buying power. This happened to me once, i went 200000 long once instead of 2000, which 2000 would have used us the rest of the buying power. The clearing...

thanks..my point is why try to 'catch up'....did everyone here who was profitable by hand now fail and automate and now is profitable to that level again? im skeptical...and moreso because i don't see a difference in my profit. regarding arb...im glad you know the definition...i hope it...

i just don't really have any statistics on making versus not making it verses automated making it verses hand trading (for lack of a better term) making it or not making it. the accepted figure is that 90% fail, but how accurate is that? I see the points but i don't understand why you need...

trading wasn't difficult in 2007 2008 or 2009 for me, nor was it difficult in 2002, 2003 or 2004 or 2005, i started in 1999, it was difficult for me in 1999 2000. the one thing you mentioned, bullets, how does the elimination of that make things more difficult for you? i have, except for...

dude it wasn't "easy" back then. if this forum was up back then, you would hear talk of high commissions not covering trading costs (im pro proprietary but if you were retail and traded with mb trading it was nearly 18 bucks a trade for direct access) , amongst the other gripes of the day...

When a man looks into the abyss, and he finds nothing looking back at him, that's when he finds his character. Does any of this drivel in this thread have anything to do with trading profitably. NO.

pension funds do certainly sell short....i don't know where you came up with this gem...but you are incorrect. certain ira accounts cannot be sold short, maybe you are confused. the retirees are not really concerned with how they get their return, as long as they get it and despite the...

trader taxes are simple.....get k-1, file schedule e, list reasonalbe unreimbursed partnership expenses (which are usually very small), the trading part of taxes is done in about 20 minutes .

Pareto's ratios were not just 80/20, thats the minimum. In nature and human performance there are other ratios that are also common : 90/10, 95/5 and 99/1. Study a little bit about worldwide wealth distribution, or pea plant production distribution and you might find coincidences in the...

well put....i agree completely....i am trading well and don't have much time to read or post....i focus on honing my skills and expanding the breadth of stocks I can find to trade on any given day...manually. I will go so far as to say that I have beena profitable short only trader for4 years...

i just came across this...wow..you hold retreats? like the kind where we go to the mountains and sing songs by the campfire? i am trying to imagine a trading retreat......very interesting

if you don't exercise then your blood/body gets old period. has nothing to do with looking at a computer for work. it matters what else you do.

Well thanks. don't worry...the "oh shit" trades will happen even when you get up to speed. Today, an "oh shit" trade took 1/2 of my profit from the am session and had to take the loss. I had the wrong symbol and just offered to short, and got hit. Needles to say WFC ripped up about .45...

I like the thread. The weakness is your belief about age and trading performance being inversely related. You haven't traded for 10 years, thats much more significant than your age. What if someone didn't exercise for 10 years then started attempting to run every day? Use/disuse is much...

great post. thanks for putting this up