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It's no wonder he's not succeeded at trading. And I doubt he ever will .... seems to not have any real focus or commitment. Rather he seems "starved" for attention with all his posting here on ET.

First, losing a job can be tough and an emotional experience. Becoming a successful day trader is easier said than done. I had some quick success when I started. Then I lost money for a while. It can be a roller coaster so you'll need to have a strong stomach to handle the ups and downs. In my...

Actually you can code experience ... they're called Expert Systems, a subset of Artificial Intelligence. When I was still working in software we developed a system via Knowledge Acquisition of an "expert" plant scheduler (i.e. human being) and created a plant floor scheduling system that pretty...

I'd strongly discourage you from trading bigger size to make up for losses. That's "revenge" trading. And after some intra-day losses we sometimes force trades which may not meet our normal criteria for entry. So it's easy to go from bad to worse and incur bigger losses. And trading smaller...

I also lean to wanting to short more than going long, especially with the rally over the past 6+ months. What I do, and this is intra-day only, is short intra-day tops and go long on intra-day weakness. So how do I identify a "top"? For me, I look for a rally that seems to have reached a plateau...

Yes, I do take advantage of all I can. That's why I had a respected CPA prepare it for me 15 years ago. Each subsequent year it's basically the same with different numbers. Actually it's rather easy to do ... I can almost do it in my sleep. And I have 10-15 forms and schedules to attach...

You should feel like a loser ... why don't you have 3 Mercedes? LOL Seriously, you hit on some of the great facets of trading ... working where (and when) you choose as opposed to most in society that have to live close to where their job is where they face rush hour commutes. Tough to find...

To do so would require a lack of discipline IMO. To not reallocate some assets to "safe" investments as one accumulates more profits is foolish. Again, IMO.

I think it's because of statements like the above that have people ripping you ... FYI ... The tax code IS in English. Oh wait, I made an assumption ... you DO live in the US???? Since you don't like The Pledge of Allegiance and the you perceive the tax code is apparently written in...

It's not all that complicated. All you need to do is know what parts apply to you and familiarize yourself with that part of the tax code. The last part of the above quote I find humorous ... "if it was how it should be" .... might I ask "how should it be"? Do you think you get to specify...

What do you want? $0 commissions? Or maybe a direct access broker to pay YOU for your trades? Geez ... some of us who have been trading remember the days when you paid $25 PLUS ECN fees PLUS SEC fees just 7-10 years ago. If you're gonna whine about this then I suspect you need to come up with a...

Well, SOME people HAVE heard of him ... and he has a decent track record. I continue to be amused at all the bulls who think the market is going to continue to head up. And at $36K/year he doesn't need to be a "charlatan self-promoter".

Don't larger offices (i.e. more traders) also get noisier and have a lot more profanity, broken keyboards, etc.? LOL I remember when I traded in an office and early on (shortly after we opened) the people in adjoining offices wondered what the hell was going on inside our office with all the...

How on earth can you trade wearing a straight jacket? The keyboard has to be unreachable ... Tell Dr. Emeritus to come out of retirement and have a few drinks .... while we wait for earnings to continue to pour out.

Must be nice to have a mechanical trading system and not have to watch the markets minute to minute like some of us. I don't recall this bizarre sense of humor over on SI (Daytrading Fundamentals). PS Do you only get drunk at night or are the patients allowed to abuse the stuff during...

It's really easy to paper trade with no $$$ on the line. If the trades are profitable then you feel great. If there are a few bad trades it's easy to forget about them at the end of the day since there was no adverse financial consequence. But ... when you're trading real $$$ then your insides...

I think it all depends on the trader and HOW they think. I look at the $$$ and not the % on a trade. Why? Because I have daily/weekly goals on what I want to make dollarwise. So whether I make 0.10 on 5000 SUNW (2.8%) or 0.50 on 1000 SPY (<0.5%) is irrelevant to me; it's $500 either way. The...

LOL! I guess some people don't appreciate your humor ... or maybe he (Pete) couldn't comprehend what your optimization process is all about. All I'll say it's a heck of a lot easier to trade the same thing day in and day out, as I now do, than to scan hundreds or thousands of stocks...

Avg. gain (including losses) is .10 ... trade SPY mostly.

And I bet he's in the top 1% of traders too ..... oh wait, seems he's elaborated a LOT in his trading woes.