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Trading doesn't necessarily give you "a lot of income year after year". It's a lot of hard work and there are no guarantees. Most, if not all traders have "off" years. Having said that I'll take trading over any corporate job etc. since it gives me something beyond money ... freedom. I know a...

First is a description of the impact of the common cold, then the flu. Both result in a lot of lost work days and I expect, lost productivity. The study reports that an estimated 189 million school days are missed annually because of a cold. Also, parents missed 126 million workdays in order...

I have to disagree. Lots of variables to consider. But first, how is making $250K trading any different than making $250K as an attorney, executive, dentist, etc.?? To me $250K is $250K and the profession is irrelevant. Next, I think your tax rate is too high at 50-60%. Personally, I have no...

I don't know why so many of you take the bait and reply to MM. If you ignore him I suspect he'd get tired of replying to himself. And as far as his 15% gains ... I laughed when I saw at least one "trade" that was well over a year in holding and thus equated to a gain of LESS than 15% on an...

What I find interesting is that there are apparently a lot of (wanna be) traders here on ET who seem to post all day. I wonder when (or IF) they even trade. And perhaps out of jealousy they seem to want to attack posts that suggest some level of success. From a psychology perspective, it's...

Futures were down all morning in the pre-market so I'm not sure what you mean by the "sudden drop" right before the open. The Istanbul terrorist activity seemed to be the cause and more than offset the jobs report.

Opportunities for shorting never end. The short side of the market is as viable as the long side.

Great day to be short!

Although knowing the "why" is nice; the market moves before the "why" is known to the masses. Thus, I feel one has to trade according (long or short) based on what they observe ... and later on in the day they may understand the reasons why the market moved in the direction that it did.

Your thinking seems to parallel mine. But I think one reason some people want to make more and more $$$ is perhaps power and all the "stuff" it can buy. For me, I have what I need and am happy with that so I trade accordingly. I do have daily (weekly/yearly) income objectives. But rather than...

Being profitable! LOL Strategies change as the market changes, at least for me. Being adaptable is important. Forcing strategies that have quit working is a sure way to fail IMO.

Dependent on account size and how "greedy" one is. I'm not drive by $$$ but by balancing trading with the rest of my life. As long as I achieve a certain percentage (that I set at the begining of the year) I'm happy.

RYUAX .. inversely correlates with the S&P performance

I either go for a run, ride my bike or hit the beach. And while doing any of those I think about how lucky I am to be able to trade full time from home. I mean the alternative is to have to head off day after day to a "real" job.

If he's buying for an institution he may have been told to show the size.

No bad news? What about valuations? Weren't CSCO revs up 5% year over year. Forward looking P/E is 30, current P/E about 40. Expensive to me ... yeah the economy is expanding but lots of stocks are expensive IMO. I'm looking more at shorting now. Very muted reaction to the jobs number today.

Tear apart the GDP number and it wasn't all that great.

Obviously you're not a math major. How can selling 300 shares in 100 share lots produce a $12 commission at MB with a $3 minimum? It can't. In your feeble scenario it would cost $9 ($3 min. x 3 trades). Sorry to correct you again. Anyway, any trader who needs to unload 300 shares in...

High minimum ticket charges? High commissions? Sorry, but you're wrong. Actually MB has 2 commission structures to choose from. You might want to do some research before you post inaccurate info. Commission structure is almost identical to IB for stocks except for 501-1000 shares where MB pays...

Yeah, did you spend all your Monopoly money? LOL And I do know what I'm talking about ... you bitch and moan about your having no money to trade, blah, blah, blah .... And your emotional reply above clearly says a lot about you ...