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I thought that was interesting. The "investor" guy sounds like he is at a casino in Vegas and has his entire home mortgage on the table. :) The best one is when he is talking to a trader who wasn't making money and says, "you should be disgusted with yourself" or something of that sort...

I haven't read the whole thread, but was wondering if anyone has listened to this on NPR: http://www.npr.org/templates/story/story.php?storyId=4633721 I don't know if I would want to work for that Spanton guy. Very interesting take on Forex. Now I just need to figure out how to fade it now...

"So, you figure, Hey, I'll add to this winning trade....." is not exactly a winning trading plan. I scale in and out all the time. The added position must be taken on the same signal or conditions as the initial trade. If the initial trade is a "figure I should get long here" type of trade, then...

The main issue right now is that instead of being on the fiber pipe that goes from DC directly to Broadview, IL (Broadview is the point right behind the CBOT in Chicago where my office is), they have me routed from DC to Atlanta through Nashville, St Louis, Indianapolis to Chicago. Currently, my...

I don't really have a book. It is very expensive to learn to scalp unless you are in a prop group that has the right commission/fee structure, etc. There are many different styles of scalping. I mainly use market depth and tape reading combined with price and volume action on short term charts...

Are you running Ares, Bearshare or any other P2P file share utility? If so, then every time you run it, you will find your spam buddies running with it. Those types of programs should never be on your trading machine.

Great reply. Thanks. I'm starting to look at swing ideas using patterns, etc. Scalping requires a lot of focus, speed and reliable infrastructure. It is a lot like dogfighting on a fighter jet. You lose focus while in a position and down you go. As time goes by, I'm more and more attracted to...

Thanks Nitro. It appears that all fiber available to this Tier 1 provider between here and Chicago is at capacity. I'm on a waiting list for the next fiber that comes along. They are aware that they are in the wrong by promising the latency and then not delivering, so I'm enjoying a free T-1 for...

Hi folks, Due to some issues with my private T-1 provider between DC and Chicago, there has been much higher latency on my line than discussed during the purchasing phase. One of the options I have is to switch from an ATM based network to a Sonnet based network. I have tried to research...

Do you have multiple systems/plans or do you just not trade when we have a range-bound day? Do you discuss any aspects of your methodology on ET that I might be able to refer to? I bet there are a lot of golden nuggets that you have picked up over the years by trading two entirely different...

Hmmm. Thanks for point that out. Didn't realize it was boastful. I state these things to validate my input. I would be happy to look over the posts you find conveying my boastfulness. So what kind of hardware do you use to see when others are rolling their eyes? :) I think it makes sense...

I "load the boat" in the DAX, YM and ER2. :) I only "load" in the YM or ER2 if there is still volatility in the market after Eurex closes or if I feel I can take something out of the market in the afternoon (in other words, the risk/reward is there). I find that these days, I have to hit one...

Again, I think you perceive the wrong tone in my message. I was just curious if you had any info on what you do in an existing thread (ie. journals). I'm always looking for those posters on ET who like to share their ideas. Like I said, I was not argumentative. I don't argue. It is a waste of time.

Totally agree. My tone is not argumentative; I hope you didn't get the impression that I was arguing with you. I'm truly interested in what others do. It is the reason I'm on ET. You are absolutely correct. I try to define my position relative to my comments so that it is not misunderstood...

Spike. I would be very interested in finding out what you trade, your style and methodology. Do you keep a journal here? I would love to learn about what others are doing. That was the original purpose behind coming to ET in the first place.

Well done. That's how we all started. Have a good risk plan and treat your trading as a business and you will be big fish one day (although I think the water is getting more and more polluted). :)

Totally agree, Joeyata. You are perfectly correct. I often try to remember to reiterate that I'm a professional trader scalping volume through a direct clearer. My commission and cost is no where near retail. Scalping is not for everybody, obviously. I will be reaching a point soon where I would...

Actually, I mention it when it is relevant. Do you have an agenda? You seem to come want to disprove me for some reason. The fact is, I speak of what I do when it is relevant and I have spoken so much today because I'm not trading much. I never said that trading a lot is for everybody. I'm...

It all depends. Tell that to Paul Rotter who supposedly does 300k per day. It depends on your style, product, infrastructure, commission, etc. Without knowing those, your statement would not be valid.

:D Thanks for the laugh. ET should be one huge chat room.