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His strategy does raise an eyebrow but he takes a quick partial at a couple of ticks and then moves the stop up aggressively. When he takes his 2nd partial he goes up to b/e and considers the third runner a free trade - which it is - but it raises the obvious question.....what if he never gets...

No, it's like getting a mouse or an elephant through your front door. Either one can be accomplished but obviously one is easier than the other. The elephant just needs a bigger door - i.e. more markets, more triggers, more time (in the day), more research, more planning, superior execution...

You're exactly right Lobster. The larger your account gets the harder it is to trade it. The good news is you don't need to put up numbers like 300% to make solid dollars. Heck, if you have a $1M account and do 50% in an entire year that's 500k. Sign me up :D

Great example of why I don't have a news feed. What do you pay attention to and what do you ignore? The only thing a news feed is good for is when there is severe market moving news and that shows up in the charts anyway so you'll know it when it happens. If you're already in and it moves...

The dollar amount means EVERYTHING. Try doing this with a $5M account, for example. Your month was impressive for sure and congrats but a larger account makes this nearly impossible. I've done the same thing with a small account. I can't even come close with a large account.

I use a counter-trend system but it's not automated. It sounds as though this one is but I didn't look at it that closely. I can tell you this.....the disadvantage to using a counter-trend system is you are peeing into the wind. Your triggers have to be placed very strategically. One...

"Get stopped out twice in a row - done for the day" Just my 2 cents. Toss this rule. If I lived by this rule I would have been out of business years ago. It used to be common place for me to start each and every day in the hole only to come back in the PM and finish +. If you are going...

Been watching his videos for a while and know a few people who have joined his trading room. Never heard a bad thing about the guy but it comes down to this.....are you a leader or a follower? There's nothing wrong with hopping in his room for a few months and spending a grand on education but...

Oh, and definitely get an MBA. It won't do much for your trading per se, but you will really grow and mature as a person, which does wonders for your trading.

I would agree with this. Take option 1. Option 2 will always be there, possibly with another company tho. I think you will learn a lot at job 1 and it's lower risk than job 2. If you currently have the ability to trade and you're confident you'll make money then perhaps job 2. If not, job...

www.quotetracker.com for the low, low price of free. Feed the data with the broker list.

I use a method of statistical analysis in addition to technical analysis and I can tell you statistical analysis has more flaws than technical. Even if you find a price movement that goes 3 or 4 sigma, for example, there's no gaurantee the market average won't catch up to the extreme price...

With Forex and Futures you can lose more than your initial investment. Under normal market conditions your broker will most likely take you out before you go negative but under chaotic market conditions, like the ones following 9/11, there may not be any buyers for you to sell your contracts to...

You are going through what every beginning trader goes through. In fact, you are probably ahead of the curve because you've actually made money. Most new traders lose consistently. Go back and review every trade you made and create a journal. Record your thoughts and rationale for every...

It's not about being right or wrong. You shouldn't really care what the market does. Put yourself in a position to profit from the market, regardless of the direction. An example....there are a number of stocks that have been beaten down during this fall. I will buy one of those stocks and...

This is all very true. Being rich just means you have money. I've met some very rich people who don't have any understanding of the risk/reward relationship. The first thing I do is explain the risk factor of trading futures and you will get a lot of "Oh" responses, even from very wealthy...

This is very true Surf. Small investors will give you a "jaw-dropping" look when you say something like 500%. I was able to do numbers like that when I traded my own small account. Now that it's gotten large I can't touch that. Sophisticated investors just want to be compensated for...

My wife supported us. I never actually imagined I'd be successful in trading but I was willing to give it my best shot. There are a lot of things that happened in my life that just fell into place by chance. I went back to night school when we had our first child so I was Mr. Mom by day...

I often get the question about my education but they don't ask about the type of school I went to. If you have good numbers it doesn't matter. Only Wall Street wants to see an Ivy League stamp on your diploma. Investors really don't care. They just want to make money. I have run into some...

Been trading for 10 years. The first 2 were great, the second 3 were a complete disaster and finally found my groove in the fut's markets. I have a BA in Finance and an MBA with a concentration in Analytical Finance and Investments. If I had to choose any class that has helped me more in my...