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Thanks josbarr, I appreciate your help.

Can anyone refer me to an article or website where I can read and understand the theory and practice of these pivots in trading? TIA :)

I follow their weekly index signals and they have been very good.

Alas, I too have felt the pain of loss... :mad: Like losing time while reading some of the bleak (dare I say pathetic?) comments on this thread :D Cheer up everybody, life is good, trading keeps us young :)

ADX, Depending on what you trade and how you trade, your capital, your willingness and readiness to take risks, etc, answers to those questions may vary. In general, especially in trading equities, risking no more than 1-2% of the account you are trading, per trade is recommended. And of...

ADX, From what I know, the answer is definitely yes. I am reluctant to work with customers as well, and for that reason I have repeatedly turned down offers to trade for hedge funds or just plain OPM. But, several veteran traders, as they grow a bit older, choose to diversify and build...

Tim's main defense was that he did have financial statements that proved that those trades were valid and were actually taken in his personal account. They have always devoted a lot of resources in documenting system-suggested trades in real time. For the period that I traded their system...

Yes, I knew of that case and I was actually one of the witnesses at it. Over the past 3 years or so, cases were brought against many firms in the trading industry, and 99% of them were setlled before they were actually brought to court. Initially Tim Cho chose to fight it, believing he was...

Thanks Uptick, That was helpful :)

Can we all stop and take a deep breath here? I am interested in prop firms and have considered Echo. For the past year or so I've been trading futures primarily, and I understand they have started supporting that. Therefore, I found Robert's statement interesting - after all he is the one who...

Sophomore, I liked the way you set up this thread and the questions you asked. However, sometime later, I became concerned that you are talking with people who are much more experienced than you at this point and that's tricky. If you are really a new trader, as you appear to be, take it...

Made a bunch out of the same old boring buy and hold strategy in the 80s and 90s and wanted some additional challenge and excitement. Did very well trading full time in 1999 and first half of 2000, like many others. By that time, I was hooked. Love this sport :)

Brutal, maybe, but funny, definitely. Seems like an interesting book that could be worth the $65. I don't know about the $495. However, I'll probably wait for some used copies to hit the market:)

From my perspective, I don't see how one can trade while really depending on their small daily gains. I could not do it. My suggestion would be to take a break from real trading and instead papertrade aggressively and realistically. Perhaps, use daily charts, study the market and take...

DayTrader, Yes, I did buy this product and have been using it for a few weeks. I believe it is excellent, and at this point I am very happy with my decision. Let me summarize my findings: 1. KP is a very good packaging of indicators (some proprietary, some openly available.) Easy to...

Sunnyskies, I did speak with that broker, David from Global Futures, before getting KP. His statement was that he had traded it for about 3 weeks: he made money the first two and he gave it back the third. The reason, he said, was that KP is not a mechanical system: you have to watch the...

Dottom, Feel free to suggest that they contact me here, privately or openly, through a new thread. I'll be glad to share my experiences. Now I really have to go to dinner - tomorrow :)

Dottom, I do trade that method and it has some real advantages - plus it has made me good money, much more that I paid for it. The trouble with the TI method, imo, is that you have to continuously look closely at the charts and make several observations and calculations in real time. That...

Dottom, Sorry for the "kvetching" part - you sound so much like my brother who is a judge and a real kvetch, that I couldn't help it :)

Dottom, I think you can make more than $600 per day - it all depends on you and your skills, not to forget the capital you are willing to put to risk. As far as the TI method is concerned (I also have that one and I like it a lot) what they post is the "maximum" one could make. Their...