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Because the market is designed to take your money. Particularly if you love to trade. The market holds the highest attraction for those least suited for it. Why else is the market so rich yet you are so poor? Once u fully understand what I just wrote, only then, will u be able to start the...

The mighty Mutoid Man covers Van Halen. Does not get much better And Purple Rain with Baroness

X Ok, thank you for the insight. My thought is with $700 example margin. U will be auto-liquidated once the trade dips below the number and only lose that amount. If u have $7000 margins, you personally will lose much more ch more in a bad situation. It only seems advantageous to the...

Yes, very likely on all points. Great post. Happy to see some real intellect on this thread.

You are "mega rich" from trading your own account? Just want to confirm and see how you define it/ accomplished it. Thank you

That’s all well and good when daeling with business or other system that is designed and profits from your success. Sure. Keep on trying the system will likely reward you for good idea and persesistance. The market is the opposite. It is designed for and profits from your failure. There’s a...

Seems the reason OP thinks he can succed is Al Broaks told him he can! So sad, i am out of here.

Well stated.

You are so wrong. Trading is a process and those who have the intellect to find edges suceed. The others fail. It has nothing to do with being abnormal or wacky or addicted. Not to mention the state of the market for systematic traders. and luck play a large role For discretionary tradrs

Trading is not a dream. It is a process. Do you need this explained further? No wonder the market is so rich, yet the “traders” are so poor.

It is called trend following per mike coval.

No personal attacks. It has nothing to do about following a dream. The dream is what you want, the process is how you get there. Unfortunately, the process of trading can be highly addicting making your dream impossible to ever see for many Whenever someone worships “educators” as op...

Man, bro, stop enabling an addict. I bet u work for a broker or “educator” so u you must encourage such continuous destructive behavior.

After 20 years you have $1000 in the account? You have wasted your life. Seek help now!

Same company as earntootrade? Helios!

Its a terrible business idea. Ye olde churn and burn once again in 2018. Although it may be beneficial for the trader.

Wonder if they actually plan to make $ from the profits from traders? My guess is no.

The broker sets the margin for intraday trades. 100 YM DJIA points should be plenty so $500 margins make sense.

Whoa, very high margins for day trading. 7700$ Per contract!? Do u mean $700? Averagedaytrade margin is around $500 at most places

@Xela. How do you trade? You claim to be institutional trader yet you post on elite all day long? You appear trading book smart with limited experi nce with your eloquent posts. Is this wrong?