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Wow, Really? A guru you say. Well, maybe I should jump on this prediction bandwagon. The dow will drop, but not by 300 points. Likely not even 200. And what it does drop will be wiped out by the upward movement that follows within a week. Let's see what happens! :)

Prop trading firms like to encourage day trading because they take a cut of the commissions (generally speaking). Good prop trading firms don't make money from commissions, but from your success. They do this by teaching you their proven system. If they didn't teach you something really...

I'm a technical trader and I've found the study of crowd theory helpful.

Stress is a result of your belief in the system vs. your willingness to lose. If I have 20 bucks I throw onto a craps table and I don't care if I ever see it again, I'll have no stress. If I throw my LAST 20 bucks on the table having not yet purchased my ticket home, I have stress. Systems don't...

I suppose if you're really good, and if the market cooperates, it could happen. You'd increase your chances by looking into 2x and 3x ETF's that have higher percentage movements. But just regular stocks? I can see 10% I could probably do 20% if I was using 2x ETF's and a margin account...

I sometimes coach people on emotion management. It falls under the category of psychology in regards to trading. The first rule of emotion management is to have nothing to lose. Most traders think they are only losing money when they lose, but they're actually losing much more. Often times...

An office would be cool. Right now, the best I can offer you is my Skype name and my blog address where I post my thoughts about trades I'm making. I like the concept of trading in a group. It helps me to perform at a higher level. Let me know if you find anything.

I can't believe how huge this thread is getting. Wow! So, for me, the key to technical analysis is to know what I'm analyzing. If you could see an out of control crowd running down the street, you could see the fear in their eyes or the lack of inhibition and guess with amazing accuracy that...

I like the phrase "Independently wealthy." It has a positive ring and it's kind of true. You make your money independently of an employer, and it is technically wealth, even if it is small like $2500/month income. It's true that trading can be an ego thing. If a trader is proud of his...

Finally an encouraging thread. Let me jump on the encouragement bandwagon. You can do it! I began trading with $600 trading small options ($100 per contract at the money). The next two years led to a washout of that ammount on 6 separate occasions. Each one took longer than the previous one and...

he is not a trader, he is a gambler. U should change your title to: Lifetime losing gambler Exactly, great point. I can't say I've taken a survey on this, but I'd venture to say most losing traders are missing the same two things... a risk management strategy as part of their plan...

If 90% of small traders lose, I must be a little better than average. I only had to drain my account 6 times (not 10) to learn the lessons needed to stay afloat and grow. If you want to be one of the 10%, become a complete trader. Not just a good system, but good risk management, emotion...