Search results

That's what I'm hearing... Madoff dude was just one fish and there should be others pulling this sh*t too. Man...50 BILLION...jeez that's a lot of money :D

:p who cares about the money... Make good trades according to your own method, then add size. I think the minimal amount of $$ you need is for rent, food, car etc...Everyone has a different standard of living. Just keep the lights on and the refrigerator packed with food and brews :D...

I trade FX with about...well, 1-2 lots max, so I trade with 150-250$ and last week exceeded my goals and made about $400. Believe it or not, I am "making it." I pay my expenses with my profits. But I can't afford to hang onto losing trades for more than $50 and at max $100. (this was all...

To the poster who replied: "if you're one of those little guys working part time...blah blah blah you suck" Don't ever kick the little guy, he recovers much faster and can have his foot in your arse crack sooner than you can say NASDAQ :D My buddy (20yrs of age) took his meager...

Buncha weathmen here! What will the weather be tomorrow? A.Windy B.Rainy C.Snowy D. or I have no f*in clue!!:confused: :D lol

OF COURSE THEY LIE! Dweeb! Just playin :p But for real, these big playas are looking out for their own bottom line... Gotta get some suckers to buy oil at 150 in order to LIQUIDATE/SELL a huge position. I don't ever believe these "forcasts." Trade in and out. I never play the prediction...

I got year 2000-07 Enzos... :D Yeah, right! I wish!

It's the internet, and it's all bullshit :D Wanna read crazy trader stories? Market Wizards. Those guys are for real. Richard Dennis comes to mind...

Yes, you're doing it right! Trading SHOULD be boring. It is not gambling and therefore not very exciting (although it does have it's "perks" :D ) Keep it up. Hopefully you don't end up losing 20k like some of us here. Whatever you do, keep your dad around... a mentor will help you...

Even 100% return a year is nothing. Anything 100% or less is not that exciting (I wouldn't MIND that kind of return, it's just not that crazy). I have a trader friend who will sometimes hit 100% in a DAY (of course, we're talking high risk, small funds). I've seen him turn 6k into 12k...

...the way you handle that probelm, hmm... let your winners run, unless it hits your stop loss...simply stop caring about small losses, it's an expense we spend to get to the big winners- you know the 117 ym points! say you lose 5 trades at 10pts...some were even small winners, but you let...

Haha that's wishful thinking...no capital gains tax... I'm a tax accountant :D Futures are taxed 60/40 and the wash sale rule doesn't apply. If you are up 20k from YM trading, expect it to be taxed 60% long term and 40% short term (I think that's how it goes). Form 6781 is what you...

" JUST DO IT " God damn...JUST DO IT. But be smart. Do your research...Learn about stops, learn about indicators...most of all, keep it simple. I dropped out of college and am running my futures/fx trading along with another business and am doing fine, but ofcourse I paid some hefty...

Um guys, I don't know if you noticed this on the 2 min charts, but wed 11/19 was like one BIG MIDDLE FINGER! :D LOOK LOOK! I chose to sit that out, and instead I faded the resulting slope. Who was suckered into buying the top?? Haha, I feel soo sorry for you :eek: Last week was crazy..

Who gives a f*ck. I'm not gonna praise him, just answer the damn question. He has a few million, good for him. Take 3mil X 100 (levg) = 300mil...That's still a small position in terms of the whole FX market. What broker to use? I don't know, any ECN broker...what do the banks use? Do...

What does a remote trader want :D ? Beachside villa-hut. Satalite internet. yes, seriously :cool:

heh ohhhhh.... Very interesting Handle...and very profitable ideas (hedging longer term bets). Bring on the recession/depression. Us traders will always have a "job," to keep speculating! Hahaa. I'm getting "more long term" but I still consider myself an intraday trader. Yes...

Here was friday's data. Personally, I wasn't able to get long, as the signal was going off when I was fast asleep, so I pounced on the short... all charts are GBP/USD...a big mover in london and NYC sesh.

here's another chart... the last short could have been held much longer. This isn't a perfect way to trade, but it should yield a few nice winners. When the market gets choppy, stay out!

How's it going Lex? Everything going well? You know, I'm still on my learning path too. I'll share some good info with ya... I've got a good idea for your trading..it works on futures, FX, and commodities. Lately I've been using 2 min charts with a 250 weighted moving average and a 500...