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Those numbers sound incredible. View it from an asset allocation frame. John Templeton talks about a 3 bucket theory: cash (ie. t-bills and similar), investment (your trading account) and funny money (to do with as you please). Decide on appropriate %'s and every month or every quarter, pull...

IMHO, the major problem with what you learn about money management in the books is they never address personal psychology. You have to comfortably be able to pull off what they suggest doing. Rarely is that consistantly doable especially with a descretionary methodology. Money management is...

m22, In the case of an individual filing a a schedule c, the company is the same thing as the individual. (Even if you are an LLC or a subchapter S corp, those are essential pass throughs just to protect your assets, no tax advantage) It is my understanding (after much study and discussion...

Puffy, Unfortunately, if you do it that way, you'll wind up paying self employment tax, a hefty 15% up to some limit (around $70k I believe). You'd need a lot of deductions and health expense to cover an extra 15%.

The cutoff point? Perhaps some kind of objective standard like any other activity. Like having the minimum and necessary tools to do the job. Actually, after rereading my post I offer my apologies for sounding snooty. That really wasn't my intent. I just can't imagine using, say TRIN for...

This is from IB web site: "when you want to trade a product denominated in another currency, a margin loan is created which is secured by your deposited currency" I'm assuming that a day trade would not accrue any margin interest. Someone in the know please correct me if I'm wrong.

Ditto. No disrespect intended, but if you can't even afford $80 a month for qcharts, you probably shouldn't be trading.

Thanks blb, Hong Kong is on my list, those fast moves do concern me a bit. Also, Tokyo opens a couple hours earlier than Hong Kong (I'm central time). I take it from your comments the HSI is day tradable. I don't scalp, but don't like to take anything home with me.

Since I've decided to forgo with sleep, I'm looking for an evening market to trade. Between these two, which is more liquid and moves reasonably? All comments welcome.

Nkhoi, In the market wizards books, the punch line was more or less that you had to match your strategy with your personality. Well, that suggests there are many ways to skin the market cat, and I had a tough time wrapping my brain around that. I've always been the kind of person that had to...

Actually, equities in the short term is also a zero sum game. Statistically there is little to no daily serial correlation in stocks, so if you are a true day trader, that's essentially a zero sum game when considered over enough periods. Longer term trading is another story. Does the fact...

I used to, but got hooked on futures and never looked back. With the tax advantages, and the ability to truly reduce risk through trading of completely uncorrelated markets I simply can't imagine why you'd want to trade stocks.

Try NVDA, KLAC, MXIM, ERTS, IBM, GS

Bsulli, Thanks for the info, a nice little surprise indeed.

Andy, Thank you, I wish I would have known about that bulletine a couple of weeks ago. Is there a way to automatically have any/all forum messages forwarded to my email to I HAVE to see them. Otherwise I'll just miss 'em. Between bulletins from esign, my broker, the government, the...

Chuck, Please explain in more detail. You say you have removed volume for CBOT futures, yet I"m showing volume on YM. What exactly did you remove? Also, I have begged and pleaded with various esignal staff to send a bulletin or email when something so important comes up. The response I got...

Scientist, Apparantly they do: http://www.elitetrader.com/vb/showthread.php?s=&threadid=24354&perpage=6&pagenumber=1

Scientist, Esignal has HUGE problems with getting accurate volume data out. Do you not use volume? Daily chart bars aren't correct, CBOT volume intraday isn't correrct. Lord only knows what else isn't right. Do "pros" just overlook this kind of stuff? It's very frustrating to take a trade...

OK, I think I've had enough of esignal. I"m stuck with it for the time being, but they just aren't professional with the way they handle things. (Exception would be Jay, thank you Jay). What are my alternatives? Real Tick is beyond f***** up right now, and qcharts seems to be about the same...

Eddy, Thank you for the details. Makes you wonder what other (maybe not so obvious) flaws esignal has with it's data. Once again this just proves esignal would rather hide the truth. This is a serious issue. Peoples money is at stake. And esignal is busily working away at version 7 point...