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95% of traders fail. Period. Ask yourself why you'd be an exception.

There is a big difference between racking up REAL gains versus papertrading sans commission. We could all be a millionaire ten times over if papertrading was real and you didn't have to deal with commissions/slippage. Not to mention that if he really is running a mutual fund of any size, then...

Scale out, let some ride. Its never wrong to take profits. And the market, especially for a 401k, will always be there tomorrow. Sell rallies, buy dips.

They're screwed.

For your reading pleasure, historical and statistical fact. Not opinions or emotions. YMMV. http://www.safehaven.com/showarticle.cfm?id=1148

There is no opinion. There is no emotion. There is only the chart.

So YM and other CBOT products have transitioned from a/c/e to E-CBOT. Any comments? Thoughts? Findings? Hopefully, there won't be any more "net" trades, even though I've been on both the good and the bad end of it.

Is the difference between the companies large or minor? Is it simply business rivalry or do the companies have dynamically opposing viewpoints on the legal intepretations of the law? Meaning one of them is probably wrong in the eyes of the IRS.

http://www.eurexchange.com/about/company_info/press_releases/news_pressreleases_277.html

If you trade futures, you're a commodity pool. It just sounds "kewl" and "upscale" to say you're a hedge fund. Although both groups can and do dabble in the other. One thing you might want to do is differentiate what you made being a buy and holder as opposed to intraday trading.

Earnings plays are for amateurs, imo. Go for the anticipatory "up/downswing" and THEN play the reaction. Buy the rumor, sell the news. In other words, you should have already positioned yourself to take advantage of the trend going into earnings, taken profits, and then re-establish said...

Its using the right indicator at the wrong time. Using a trend or breakout indicator when reversals and range bound trading is more appropriate and vice versa.

Hardly a trading error. You know a trading error when you see one because its like almost an uncontrolled cascade that's hard to ride down and participate in because its moving so fast. Almost like a crash except for the fact that it rebounds just as quickly back up. A 10,000 lot trading...

This is what locals do. Or do you presume to think that every trader in the pit is a loser?

Was informed late in the day that my limit buy to cover at 9175 had been filled. Nice 100 point gainer. But for half the day, if going simply be the TWS, I had two YM short contracts. If I had chosen to cover both contracts before receiving their confirmation e-mail, I would, at the end of...

The spread on the e-minis is actually an advantage. Using IB commissions, a single tick in your favor means that at the very least, your commissions are covered. Can you say the same about stocks and getting a single penny going in your favor?

E-minis. No PDT. No uptick rule.

If the signal or system that you are using to trade is still giving you the same valid signal, then its ok, imo. However, most people in those situations are panicking and add to a truly losing trade in spite of their trading methodology saying GET THE HELL OUT.

I think stop busting is a misconceived notion. Sort of like a superstitious bogeyman that children believe in. Or the inane cry of PPT in order to compensate for one's impotent trading acumen. That's not to say someone like a specialist who has an unfair advantage in creating a market might...

Ultra scalping can be just playing the spread. Buy on the bid and sell on the offer, preferably in a non-moving market. Commissions are high, of course, but relatively safe, static, and boring. A few hundred times five days a week. Really, that's what market makers and specialists, in a way, do...