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Quit trading while you still can. I would nobody advise to go into trading. Probably every other profession on this planet has a more easy and better way of making money than trading. And yes, I'm profitable for years and I can prove it. I still stand by my statement. If I had knew...

Why it's a great plan. You open the window, you look down, you don't see anyone, and you jump. Game over.

But but but how can professional traders earn money when they don't have insider information?

computers have always been quicker at decisions making than humans, what are you talking about

on most markets 70 to 80% is automated. What are you talking about.

One remark: In commodities (futures) trading, there will always be another side, it's the task of the exchange to take the other side. After all you trade a contract with a future price of an underlying. One of the exchange rules is that they will always take the other side. Even if there is...

Imagine you could just walk in and make money for years. You could.. but I bet you would come overconfident and screw it up BIG TIME. Discipline comes when you have felt pain by not following the discipline. You must have pain, then even bigger pain and then maybe. I asked one my friends...

Important moment currently in the markets. Taper could be on for December.

you need more margin to trade at IB than with most brokers. This is something you need to take into account if you're a customer with them.

What's the problem with trading ? Just click the BUY button. Works for the last 5 years!

Ok, we know what his target is on the crude long, what would his stop loss be? Since he cuts losers short fast. 92 ? 91 ? 90 ?

I'm just saying that his remark 'hey everybody is short crude so I look to go long' is stupid imho. Fits right in for cnbc :-) I also still think that Fisher makes stupid trades. Maybe a 1000 times less that we all do combined, but still. This could be one of them.

Because Mav, there is on the CRUDE (not the NG) no daily, monthly, yearly ACD level broken/rejected/failed. He says: everybody is short, so I go long. I don't like that. Maybe you do, but I don't.

And.... with this statement, Fisher is blowing his own promoted trading style away, he's trying to pick bottoms and tops. Trading proves everyday that it's not because something is going up for a long time you should go short and vice versa. Sigh...

Thanks Mav.

I'm having a A down on the ES, a first in a very long time. Any ideas ? could be gone in a few hours when Bernanke opens it's toybox, but, it's still a valid first A down.

Absolutely not.

Oh really? Your short is working fine so far ? LMAO !!!!!!!!!!

The nice thing about ACD is that it gives you a framework to quickly detect in a volatile instrument when it's on the move or not, and how to act if you're wrong. This is basically it. All profitable trading systems are based on the premise that a trend continues to trend. It's human...

I wasn't talking about you. I was talking about people saying HFT killed trading. Trading systems get killed everyday. But trading as such never got killed. Only you and/or your system did.