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Look, on a daytrading basis, where you pit 1 trader against another, yes it's "negative-sum" game. But in the long run, unless the market goes down for say, 20 years, or stays flat for that long, IF it continues on a modest uptrend, then it is a *positive* sum game when calculating the net sums...

More than you make in your shitty 9-5 job.:p

You're not taking into account that stocks trend higher over 5-10-20 years. Also, a lot of sales are done buy insiders and others granted options at very low cost. Those people normally sell at a substantial profit.

Funny post coming from someone who doesn't even trade intraday. Unfortunately the market doesn't listen to your positive self-talk!

A $50 mil fund has no problem daytrading/swing trading but a $1 bil fund just can't do it due to liquidity constraints. Even $50 mil has to be spread around a bit in order not to be screwed when exiting the position(s). That's difference #1. There are others. Small traders are riding the wave...

http://www.interactivebrokers.com/en/software/paperTrader.php?ib_entity=llc

Sounds like you plan on hiding? That's an expensive $150k!

The majority here don't even trade. It's a hobby for them and they still have a "regular" paycheck-type job.

That's another newbie misconception. Making a 'call' or series of calls is one thing. Profiting from them is altogether, something else! I guess we'll just have to agree that you're smarter than Kirk Kerkorian.:p

What more is there to explain? I'm telling you trading is VERY difficult but you're in denial. I also understand that. I probably was/would be too when I started out many years ago.:p I'm saying, don't even think of it for any form of income, period. Will you make it after 1-2 years? I don't...

Again, don't confuse the stock market with real estate. Leverage is fine in real estate, especially in the last 5-6 years. Trading is VERY different. Leverage will only blow you away faster. Hell, I use leverage myself, but that alone is useless and a dangerous weapon in the hands of a trading...

I think IB now has a 'real-time' demo platform? If so, maybe you could practice and see what kind of results you get.

Just because something 'moves' doesn't mean YOU can make any money on it. Which big caps move 2% every day (when the maket barely moves 1%)??? Which people are you talking about who make 'good money'? Especially with $5k? Dude, I'm sorry but $5k is NOTHING nowadays! Even most people in 3rd...

it's not sarcasm. its my way of saying to quit screwing around with $5k and a stupid 'dream' and get a real job. Not a 'gambling' job, a *real* job. Save some serious money and then consider investing it. What, you actually think that institutions with $billions will let some idiot with $5k...

why don't you exchange your $5k into 20,000 quarters and go to a video arcade or slot machine parlor? You'll probably have more fun.

What a bunch of foolish answers. There are different was to "measure" a trend but most depend on a fixed lookback # of bars to determine the "trendiness". I've used several but discarded most in favor of a *very simple* momentum-based system designed to catch every trend. If the system is...

gnome, I couldn't agree more with your statement(s)! 'Been an elliott wave follower for 20 years as well and concluded several years ago that it didn't help my trading one bit. It's one of those theories that really sucks in newbies and some people become addicted to it like a drug. Bottom...

Keep in mind that that indicator follows the price in *percent* terms. Later on you may try to experiment with ATR's, actual prices, other data series, # of bar highs, etc, etc. Good luck!

Ok, I think I understand what you're looking for. Something like... If 5 day ma crosses above 20 day ma then begin (Now you look for some retracement down in price) At this point on some type of "move up" you want a buy stop signal, right? This would all need to be coded as a complete...

I agree with elindy about the ability to download the trades from your broker for analysis in some format like this or similar program where one can study/review trades in more detail. Especially from popular brokers like IB or tradestation.