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Hike your leg and write it in the snow. It's as close to the gold as you will get... or an answer that means anything. Some of the consistently profitable traders could be trading a large number of contracts, but instead only trade 10 or so. I know one fellow who made multiples of what you...

Sierra Charts has a small monthly fee. You can just do one month. I like it for back testing. I don't use Ninja, but I thought it had back testing data? Maybe not 5 years worth...

It is difficult. But I have followed these concepts in principle and they work for me. I have two thoughts... for years now I get on track and have weeks to months of consistency in myself and being profitable. But I have health issues that when active... I make errors. So once one is able...

Thank you Xela for referencing that book. I had not read it before. The book has several truisms in it; with mathematical logic often backing them up. It reminds me of Mark Douglas’s last book which has many of the same truisms but explained more in psychological terms. It seems to me at the...

All the best with that! Thanks for sharing along the way.

The first millionaire I knew as a friend… when I met him his carpet had a 2 foot wide path worn through the carpet from the front door to the kitchen. You could see the cement floor under it. His wife would trim the edges with a scissors. He was putting every penny in the market because he...

I guess when the OP asked about taxation, it brings up politics and policy. I agree with Gotcha and would add that "the rich have managed to set it up..." includes managing congress into a state of dysfunction so they will be unable to do the practical things that address income inequality...

Thank you for clarifying that -- I apologize for misunderstanding.

There are truly people who cannot work or contribute in a realistic way. It is not just lack of will or lack of education... they are mental ill, or physically unable. Depends on how you define it, but it is rarely less than 10% of the population. One might try to require them to do something...

There might be a stage of development where a trader has competence (which is what you seemed to be describing) but not confidence. To deal with the issue of losses and fear, it takes both competence and confidence. For some reason, confidence doesn't automatically follow competence with trading.

I agree, nice presentations. Your thoughts are clear and easy to follow. Thanks for posting them.

I am far more creative than orderly. I have a certain order, but people see a mess -- that to me inspires creativity. So maybe it's in there. Loyalty You are good at sticking with people, even when things get awkward and tricky. You give people a second and third chance, because fundamentally...

I'll have to start paying more attention to this thread. I’d noticed it before, but thought it was a different age group. I’m in my 60's. In terms of background One of the most enjoyable experiences in my life was in grad school doing intramural power lifting. Have had significant health...

I really like being around people. Some people would rather be around few, or alone. Though I don't like being the center of attention. When I was thinking about aiming at making more money than I needed via trading, one of the factors was a comment a friend of mine made who had pursed extra...

Pre-emptive activities of a Trump presidency -- or in case of one?

Barns and Nobles has a "daily find" where they offer a variety of books for a couple of dollars each just for one day. Today the book is; Understanding Stocks 2E by Michael Sincere for $1.99 as an ebook (paperback $16.69) Just looking at the preview it looks like an organized way to present...

I don't think it is to early, but you just have to go at the speed of what he seems interested in -- don't be pushy. Each child is different, watch what lights him up. Part of teaching him might be sharing with him what puts a light in your eyes about trading!

Mark Douglas is the basic reference for your questions. His last book and some of his videos (on YouTube) are available. Your specific questions here remind me of his exercise – one version of it is in chapter 16 of his last book. He asks you to choose a market, pick an edge with precise...

If you can find a college class, that sounds good. How did I learn to trade futures? I first took a couple classes and paid for a mentor. That really didn’t do it for me. The classes and mentor were competent, but I just didn’t fit into the way they taught. In hindsight I didn’t really...

So true... in addition to prior posts and the above... youtube... and just hours of screen time watching the market move. ...also hours of looking at historical data. It makes a difference.