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These people are like vermin. They literally cannot be kept away as long as they're living and breathing.

There's simply zero way to become a winning trader until you get to the root of these fear and loss aversion issues. You're not trading to win right now and even if you do *luckily* have a winning streak the damaged psychology is still there. Plenty of people get screwed even with winning...

Don't even think about size right now. Think about following the plan. Put the trade on with a 4 pt stop and don't touch it whatsoever until it hits your target or stop. Do not fuck with the trade (even if at a more advanced level you would) after you put it on. The entire point is in you...

KP, IMO, atleast from looking at your trades you need to work on 3 major things: entries, exits, and fear. 3 point stops are only going to work if you have great entries, you're hopping on things too early (when 7/10 times the market is just going to shake you out with a small stop), and you're...

May I just add that this "last time" also directly coincided with a Fed statement on 1/28/2015 ("patient"). That isn't the case here but I wouldn't put it past the Fed to pull out the stops if things go south.

This is completely not true in the long-term and your argument is based on short-term thinking. Purchasing power requires a job which requires a healthy economy of PRODUCERS and not just consumers...

Both driven by capitalism.

What's ridiculous in the grand scheme of things is that executives and CEOs won't exactly be heading to the poorhouse if lower level workers are paid adequate wages. Some of that money will go right back into the economy making the economy itself healthier. QE/0% rates, all that stuff is a...

We can always count on FINRA to do what's right for the independent trader. :rolleyes:

This is good stuff. You can also do it multiple times and it will append the quote to the cursor position in the reply box.

Your opinion being that they see it as a place to enter or exit?

I took a screen capture of a DOM for DX a couple weeks back around 10 minutes after open on a Sunday because I found the liquidity to be odd. At nearly every level (aside from a few inside levels) there seem to be the same contract counts. On the bid side it's obvious that the inside bid also...

You realize this cuts both ways, right? Thinking about "just imagine all the money I can make" while minimizing the risk is a loss producing psychology.

I don't believe for a second that a can of coke caused this outage. Even if said can of coke was spilled, taking out a single server is not going to take out the service. If it *did*, then they're in deep shit architecture-wise.

Meaning sane levels with reasonable risk management such that one is controlling a significant amount more capital than what is in the account but not doing stunts like 100:1 on CHF as an example. Leverage allows returns to be higher such that return on capital, if traded well, significantly...

Surf any background info on this btw? I'd be interested in reading about it. Obviously the moral is that they have a losing mindset in the first place.

I disagree that you have to trade as infrequently as possible. While it is important to keep expenses and excessive trading curbed, appropriate use of leverage goes a long way. On the other points I do agree that he's selling the dream.

Nothing scary at all about this. Don't manage multi-hundred million dollar positions that depend on contract expiration (why?!) unless you're DAMN sure what that expiration date is. You know what's kinda "funny?" Why is it that 9 times out of 10 every "trader lost a shit-ton of money" story...

How is it? Almost all bullish or bearish ETFs are just indexed to a given direction. If it's sideways they both sit relatively unchanged. My recommendation for dollar speculation would be to use DX futures (which said ETFs may even be backed by as well).

It may be more favorable for monkeying around with return on capital stats but it sure as heck isn't more favorable for trading.