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"It is very simple, when you go long it is because you assume the momentum is upward. " only in your very narrow understanding of trading, apparently. not all trades (or traders) are momo players, and there are plenty of reasons to go long (or short) besides momentum simply put, it aint...

this bluestreek guy has to be the WORST trader i have ever seen. his prediction rate is amazing.

they are not SPAMMERS they *pay* this website for the privilege of advertising their service so, by no definition are they "spammers"

i agree the statement about the "gold bubble" presupposes the truth of the statement that we are in a bubble. that's called begging a question fwiw, i started accumulating gold in 98 it was undervalued then it is STILL undervalued hth

"The only system that is 90% profitable is one that has been traded over an extended period of time and can produce audited results at 90% win rate. I would suggest that no such system has ever existed. " rubbish. what he said was it has winning trades, 90% of the time. i can make up a...

if u make a market order, you deserve what you get. and in this case, what u got. i have 2 direct access brokers, and two "payment for order flow' type brokers. i use limit orders with both, and they serve different purposes the only market order to ever use (imo) is a stop market...

great post. i like to think of losertraders(tm) as liquidity providers. they provide a GREAT service. thanx guys

no, they (futures, options) are zero sum because of the structure of the market stocks are not. it is impossible, by the nature of the market, for more money to be won than lost in futures or vice versa (not accounting for commissions) on the worst day ever, where the dow drops 50% in...

what a bunch of losers. losing traders always want to bring others down, etc. that's part of why they ARE losers. a losing mindset fwiw, futures (unlike stocks) are zero sum so, sans commissions, there is EXACTLY as much money WON in the futures market vs. lost who is winning MOST...

the primary issue is if u accept compensation. in most states i am aware of, no matter how small the accounts, you must register/pass tests, if you are accepting compensation for management

i totally agree with cajun, and LBR as well, btw. while i do not have a "system" in the sense of a mechanical system, i most definitely have tightly defined setups, that are profitable i *also* teach and i *also* manage OPM diversified income stream is awesome. and teaching is hard...

daytrademargin, they have poker rooms on indian reservations AND in the city and county as well. they just illegalized ONLINE gambling. only ONLINE why? well, they claimed it was to "protect the player" which is patently absurd. you can go to a casino and lose all your money (and...

i consider myself a value investor, as well as daytrading YM scalper. iow, my longterm portfolio chock full of "value" stocks (and some growth and spec stuff, some hedging stuff, etc.), and I agree that one's value investment portfolio is not the best way to generate a consistent income...

this is SO true fwiw, i have IB, AMTD and Tradestation accounts. TS gives reliable tick data. IB does not, cause it's chunked however, i have seen TS lag in very fast markets, whereas IB's chunked data does not i trade YM through the CBOT book, i have had on several occasions, a...

and if you are lucky enough to live in the great state of Washington, you can thank our leftwing nannystate legislature for making online gambling a C felony - the same level of offense as AUTO THEFT. how insane is THAT?

great opening post btw. a trader is only as good as his weakest link. trading requires: 1) a methodology with an edge but beyond that, to be successful consistently and have longevity you also need - a sound business plan, solid risk management, a strong control over your emotional...

another one of OP's faults is that he fails to recognize the difference in what is an optimum strategy. for example, assume that given one's methodology/system that scaling out gives an average return of 500% per year with a 10% risk of 30% drawdown and a 5% risk of ruin and that setting a...

good point. one of the hallmarks of immaturity (and a bad trader) is extrapolating from one's INDIVIDUAL experience and skills to the aggregate. iow, it is perfectly normal to say "I can't trade bonds. They move weird" otoh, that does not imply "bonds are untradeable" or "I...

this "manipulation" thing is getting old look, whether or not you want to call it "manipulation", buying stocks/futures is not illegal. and when demand outstrips supply, the price goes up. and vice versa for selling that's how auction markets work. complaining about "manipulation"...

marketdelta is a decent product i use Investor RT for their market profile charting, but used the trial of marketdelta, the only difference being that marketdelta has the Footprint chart. everything else in marketdelta is already present in investor RT, although it does cost $20 extra in...