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I am a scalper in listed stocks.

I have been prop trading for almost 2 and a half years. I am making money consistently, a few grand a month for around a year now. I feel I'm just too comfortable at my level right now when I should be steadily increasing my size. One of my reasoning that I tell myself is that the market...

He is one of my favorite reads also. I have his book now but haven't gotten the time to read it yet. You guys know any other authors similar to Mauldin?

Surfer, I thought you trade futures. Are you going to use slips too?

Can you share the title of that book? Thanks

Prop FX trading is becoming popular these days. I want to know how it compares to prop trading in stocks. Is it more difficult? What is the success rate of prop fx traders?

I think prop trading is a good way to gain experience with the markets. It's almost an acelerated form of learning because you trade everyday. You experience the pain of losses and satisfaction of winners. The most you will lose is your capital contribution $2500. You also get to learn from...

One question I have to ask is how stable is their platform. Their fees are low but I wouldn't want the system to be down often while I'm trading. Their platform seems to be better suited for nasdaq traders. I trade listed stocks and I would like to have a time and sales like AT Financial.

Just curious. What made you decide to move into position trading? Is there fewer opportunities in scalping these days? How long have you been practicing position trading? I'm also a scalper and have written out a position trading plan, but I always find myself going back to scalping.

What's so special about that book? Why is it so expensive? Is there any secret techniques that help you make a lot of money?

I hear ya, last two weeks have been really slow for me too. I'm almost flat during these two weeks of trading.

Putting on shorts are tough, but then again I've been trading the long side for quite sometime and haven't practiced shorting naturally. Need to really find spots and short against the trend with wider stops, pretty different from my current style.

Must be some kind of conspiracy.

Hey thats what I was taught too when I started. Those strategies worked for awhile, but then the market changed. By then I had a better grasp of tape and chart reading so I'm still in the game now.

Be sure to incorporate the art of feng shui when setting up your trading desk. Beware of sharp objects pointing towards your direction because they emanate death chi. When you are on a winning streak keep doing what you are doing and don't change anything. If it means wearing the same...

Thanks for the links

A good trader should also look at fundamentals because it will give him more conviction on his trades. There are many technical analysis books out there but I seldom see good books on fundamental analysis. Besides finance textbooks, are there any other books that offer good practical...

Have you tried their charting service?

Thanks for the advice. I'll keep that in mind. You are right about having a system. Once you trust your system you can take bigger positions and make more profits. Building that trust is the hard part.

How long have you been trading? Would you say you consitently score a grand a day? I think there are still a lot of oppurtunities in this market but you just got to have big balls and trust in your own trading skills in order to take advantage of them.