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    Mentorship (4th year still not profitable)

    You'll find many successful traders say it's taken them well over a decade to the achieve their desired results. You should already know this if you were doing actual due diligence and research on this field and performance results. I'm sure all of us would have LOVED to have a successful...
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    Average down - small wins, big losses?

    "Averaging down" means different things to people, and it makes a world of difference on whether it's "good" or "bad" depending on how you are defining it. 1) If one is averaging down because they entered a trade expecting to make a profit, the trade went against them, and now they refuse to...
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    System that works but lack the capital, please advise

    Interactive Brokers and ThinkorSwim both have free paper trading accounts that will allow you to test with current data. Why would you need to use someones paper trade account when you can get free setups? If your system is truly as profitable as claimed, I would think a 2.5 year wait would be...
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    Hillariously Blatant "Get Rich Quick" Trading Course Commercial

    Your link doesn't work..for some reason it goes to Yahoo. Most "get rich quick" schemes are careful to be sufficiently "vague" with dangling potential success of their system to avoid being sued for fraud- and TV networks can get called out for not vetting blatant scams....especially on a...
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    Hillariously Blatant "Get Rich Quick" Trading Course Commercial

    I saw this commercial on CNBC today: https://www.ispot.tv/ad/ww_Y/chuck-hughes-trade-like-chuck# The pitch is so "fantastic", I'm surprised they are allowed to air it on TV: 1) Guy starts with $4600.00 2) Within 2 years made over $460,000 in profits 3) Now earns $50,000 monthly And... he...
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    Advice to make $3K/month trading

    You need to know your own skill level parameters in order to get that answer: TSP = YOUR Trading probability of success/per trade (0% - 100%) DR = Daily price range in points of trading product DRP = Expected % YOU can capture of daily range of price movement CC = Commission costs DP = Daily...
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    What is the monthly expected return trading stocks?

    I believe you are comparing day trading using the same methodology and logic used in setting up investment/swing portfolio positions, which would be a mistake. They are two different animals and the methods/strategies aren't the same. The goal of the day trader isn't to diversify their assets...
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    How do I develop my day trading strategy?

    First off, what are your expectations? Are you aware of the high failure rate (90%+) of those who try, but ultimately fail at consistent profits via day trading? You need to ask yourself what you feel is different about you that will enable you to succeed in a field with such a high failure...
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    Do you think educators that sell training should show proof of profitability?

    In a free market - that choice should be left to the consumer. If enough people refuse to purchase trading courses unless they show proof of profitable trading, the market will move in that direction, as opposed to mandating it with more red tape regulation that will be hard to enforce. You...
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    Steps to take after the Equifax hack

    Signing up with Equifax Trusted ID Premier may waive your right to sue for damages. Equifax’s ‘help’ website may be costing people their right to sue https://www.dailydot.com/debug/equifax-breach-lawsuit/
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    Do trading education scammers (99.99% of the "industry") ever feel guilty?

    How are you defining "scam" and "fraud"? Every legit trading school charging money comes with a written agreement on what expectations should be. The terms of the agreement should be clearly stated as to what you can expect to get from the class or series of courses. I doubt any of them are...
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    Need 900% in 3 years- what would you do?

    I read over the thread and the details you have given: 1) You need to make 900% in 3 years. 2) You started with 1 million, and now have $100K 3) You lost $900K through bad trades plus $X amount in living expenses. 4) You believe you won't be alive past 3 years, so this is where the time urgency...
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    How has the pursuit of trading impacted your life?

    The field of trading taught me a great lesson between news and price action being completely disconnected. I previously believed one could invest/trade based on the news being reported at the time, only to see what an incredible lag there can be between the early signs of financial problems and...
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    Hypothesis: Technical Analysis only works in the immediate short-term

    Why do you believe hand drawn TL are bogus and computer generated RL useful? You've tried drawing TL's or maybe spoke with and looked at some charts from others, and didn't see a correlation you could find useful. So that means you prefer not to got the route of using drawn TL's. Why does your...
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    Trading the E-mini: Results Comparison

    Okay, I read through the thread and it sure looks like the majority of veteran posters must be busy or bored to let the thread meander without stating the obvious, so I'll bite: You say you've spent a 2.5 years trading, took a seminar, then read Al Brooks, and now have a system that gives you...
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    My live trading journal

    I'm a bit confused. You're posting a trading journal on a public social media trading site, and then asking people not to make any comments on it? The whole point of posting trades on a public forum is to invite commentary on your trade logic and executions. If it's just a private venture for...
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    Do I need a PhD in a quantitative field to get a job in algorithmic trading?

    That argument makes no sense. The threat of irrelevancy and obsolescence applies to us all. In an age where AI and automation is growing by leaps and bounds, what jobs are going to provide life long security without threat of being replaced? The answer is very few if any. We have bots that can...
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    They’re The World’s Fastest Traders. Why Aren’t They Thriving?

    The article comparing income generated by market makers in 2009 vs now as a sign of "bad/lean times" is silly. 2008/2009 was a Black Swan event taking place which is not the market norm. Any company that depends of Black Swan events to thrive is a company destined to fail. The real issue is the...
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    Averaging down in day trading - when to take a loss?

    It sounds like you're trading without determining before entry via analysis of how much you expect price to move in your favor or where your determined critical levels of support/resistance are. When you place a long trade, are you entering near a main support? If not, what is your...
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    Ultra-thin Monitors

    I would say forget it. This is pricier than 4 ultrasharp 24" monitors, and for that extra expense you are setting yourself up for a single point of failure. If 1 monitor fails in a set of 4, you still have the other three while the broken one is repaired/replaced. If this one fails in any way...
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