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Any discretionary trader (non program) is at a huge disadvantage if they don't have real time news available.------>>> This is just me of course, but I think news is useless. If you trade a news driven event (except the Fed) you are probably going to be late and will lose. News shows up on the...

Dude, you just made me spit out my beer from laughing so hard.

Absolutely Great Post!

On your Q how far in the future can you see, the answer for me is not at all-------->>> I hear you. It took me 10 years to get where I'm at and all I can get a read on is a few min's, but how valuable is that? A few min's is a pot of gold. My win rate for the current year is just under 95%...

John and all who are trying to learn how to trade.....let me ask you a question, and this is a serious question. How far into the future can you see? At first glance your answer will probably be something to the effect of, "I can't predict the future." Agree, but when you learn to develop...

John, This trading plan is very similar to how mine read shortly after I imploded following the 2000 bubble. I can tell you from experience you are on the wrong path. Put the brakes on everything you have running through your mind and start training yourself how to think like a trader...

You are right on many points. A recession wouldn't be such a bad thing but I think the Fed is trying to ward off a depression. If the economy is hyper-inflated it's just delaying the inevitable. The US is due for a Japan-like severe recession. At some point - no one knows when this will be -...

Agree. To the best of my knowledge, IB is the only broker raising intra-day requirements to overnight levels. Add that to the horrible customer service they provide and it's time to shop elsewhere.

Well now you know three :mad: Kidding aside Captain, successful traders come here mostly for socializing and entertainment. Trading can be a very lonely, boring sport. There are times when I spend hours in cash, and where do I come for a good laugh? Well, ET of course :p

Dax, an edge can come in the form of many different things. You can either have a psychological edge or a technical one, or both. It just means you have some sort of advantage over other traders. It can be something as simple as your interpretation of price movement. Part of the reason most...

If you want to make money trading then you have to wait until its YOUR turn. --------->>> Well Said!

There's nothing like throwing real money into the market to find out what you are worth but trading on a simulator let's you know that you at least, "have a chance." I traded SIM for 2 months. Did 100% the first month, lost all of it the next month. That's when I knew I was ready. Give...

Nothing wrong with that...trade on bro! :p

But, in all seriousness, people trade different contracts for different reasons. I tried trading the ER2 and....well....the sucker still owes me a few grand :mad: The ES, on the other hand....I can read that contract like a book. The behavior to me is just flat out readable. The NQ comes...

Dude, you really gotta get a life. You'd rather trade NQ than have sex? How about trade NQ <i>while</i> you're having sex? Now that would be a trip. If you trade NQ well enough finding the sex would be the easy part :D :D

day7793 sounds a lot like stock_trad3r.

The biggest question I would ask is, how is your consistency? Did you make a big chunck of your profit in 1 or 2 mos, or consistent profits throughout the year? If it's throughout the year then you are on the right track. I would suggest you go one more year on your own and then begin sending...

Any chance the charts on your site will be upgraded to be "interactive?"

I would agree with the OP but syswizard makes a great point.....these "dips" present excellent opportunities.