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Niederhoffer made money selling options. This will produce a steady stream of small profits (since most options expire worthless) BUT from time to time, (very) large losses. There is a good article on Niederhoffer and Taleb and their contrasting strategies in the New Yorker a few years ago, it...

I can't find that option (it's a older version of Excel)...

I use MT4 for futures and stock price data, and feed this live to an Excel worksheet via DDE. I know this is ancient technology but it works. However, now, for some reason, although this works fine on my laptop, on the desktop PC, excel just hangs when I select update links. Identical...

Trading Summary Week Ended Friday 12th June 2015 15 Stock Trades: 9 AAL + 251.30 BPS. 5 BLT + 131.64 BPS. 1 STAN + 168.53 BPS. 10 long trades + 293.40 BPS. 5 short trades + 258.06 BPS. 12 intraday trades + 338.18 BPS. 3 overnight trades + 213.29 BPS. Stocks net + 551.46 BPS. I traded 4...

"Not to take anything away from Livermore, but his life shows how hard it can be to trade consistently and follow the right principles." Agree with you 100% on that...

Here's a quote from a great stock trader.. "It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've...

"then again his edge was insider trading. Easier done in equities than anything else." If you have insider knowledge, then options give you HUGE leverage on stocks....

I may be wrong, but I believe that the percentage of retail FX traders making a consistent profit is miniscule.

It rather depends on what you mean by 'safe'. Day trading may not suit a large number of individuals, who over the long term would probably get better returns from an index tracker (for example). If on the other hand, a trader can make consistent profits from day trading, then it could be...

I prefer basis points (BPS). That way, trades in any instrument can be compared. At the moment, 100 BPS on the ES equates to about 21 points, whist on the Dax it's more like 110.

Trading Summary Week Ended Friday 5th June 2015 17 Stock Trades: 6 AAL + 348.16 BPS. 11 BLT + 413.50 BPS. 12 long trades + 551.50 BPS. 5 short trades + 210.17 BPS. 13 intraday trades + 617.48 BPS. 4 overnight trades + 144.19 BPS. Stocks net + 761.67 BPS. I traded 5 days this week. Return...

Trading Summary Week Ended Friday 29th May 2015 4 Stock Trades: 2 AAL + 29.20 BPS. 2 BLT + 52.78 BPS. 4 long trades + 81.98 BPS. No short trades. 3 intraday trades + 72.37 BPS. 1 overnight trade + 9.62 BPS. Stocks net + 81.98 BPS. I traded 4 days this week. Return on account for the week +...

Trading Summary Week Ended Friday 22nd May 2015 2 Stock Trades: 2 BLT + 26.03 BPS. 2 long trades + 26.03 BPS. No short trades. Stocks net + 26.03. 1 intraday trade + 18.34 BPS. 1 overnight trade + 7.69 BPS. I traded 2 days this week. Return on account for the week + 0.26 % net. P:L ratio...

I think it alll depends on the trader's own personality. The important thing is to find a market or markets which suit your personality. For some this will be Forex, others will do better trading stocks or index futures. The trouble is, the process of finding the 'right' market(s) to trade, and...

Trading Summary Week Ended Friday 15th May 2015 10 Stock Trades: 7 AAL + 181.71 BPS. 2 BLT + 56.87 BPS. 1 EZJ + 19.41 BPS. 8 long trades + 221.89 BPS. 2 short trades + 36.10 BPS. Stocks net + 257.99 BPS. Intraday and overnight trades. I traded 4 days this week. Return on account for the...

Trading Summary Week Ended Friday 8th May 2015 7 Stock Trades: 4 AAL + 114.11 BPS. 1 BARC + 23.68 BPS. 1 BLT + 8.79 BPS. 1 HSBA + 9.09 BPS. 5 long trades + 86.06 BPS. 2 short trades + 69.60 BPS. Stocks net + 155.67 BPS. Intraday and overnight trades. I traded 4 days this week. Return on...

Trading Summary Week Ended Friday 1st May 2015 4 Stock Trades: 2 AAL + 31.77 BPS. 2 STAN + 56.06 BPS. 1 long trade + 16.30 BPS. 3 short trades + 71.52 BPS. Stocks net + 87.82 BPS. All intraday trades. I traded 3 days this week. Return on account for the week + 1.63 % net. P:L ratio 63:1...

After a break, I have resumed trading and I will be updating this journal shortly.

Some serious dax ftrs volatility during ECB conference today...

Probably a stupid question, but what is HA ?