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25k at all times??? This is not standard at all for a prop position. 5k is the standard. This doesnt sound like a good deal at all, too much of a binding commitment, albeit the non-competes probably would not hold up in court if you decide to leave before then. I would look around for a better...

Yeah, its insane. I dont get what he was thinking. He held and held and held and there never appeared to be a reason to stay in the trade. It was a very expensive lesson to say the least.

Maybe if you didnt think about this all day when you trade, you'd be less stressed out. Whether you made or lost on the trade, your stress level should remain the same. If you have a solid trading strategy, you accept the losers because you know the winners will come. Now if I didnt have...

A guy at my firm lost 10+ points on 20k shares of VLO last week. What does that tell you?

I agree, I printed up that Deeman article and have made countless trainees at my firm read it. Its invaluable information.

Very good points!

Whether the economy is booming, crapping or stagnant, while others are worried about being downsized, traders will always be there to take advantage of what the market provides. As oil creeps up to $100 a barrel over the next couple years, I will be there everyday buying it up and on the days...

I work at a prop firm and we dont do any "rebate" trading. I think some firms specialize in that or something. I have autonomy over what I trade each and every day. Since I have a core competency of how to trade, this gives me the freedom to find my own opportunities in the markets w/o having...

If there is a market to trade, there will always be speculators. And with speculation comes vast opportunities. Trading isnt going anywhere..... You dont need to work for Goldman or UBS or any of those firms to take advantage of whats out there.

Learn to read the tape well, this will help you gain a good understanding of what is going on in the stock you are trading and will help you keep your losses to a minimum. You will hopefully soon learn how to trade using the NYOB, the way you are trading now isnt right from what you've...

I thought you said you spent years unsuccessfully swing trading? You seem to be doing well with your sites picks...why would you revert back to something that hasnt worked for you?

If you daytrade every day throughout a year and make 100k+, that is NOT luck. Not only do you need to know how to extract this $$ from the markets but also how not to give it back. There is a sh*tload more money to be made in the markets as we all know, but saying that someone "sucks" or "is...

Nice work, good job on your progress.

Dont really understand the relevance of this post but anyways, just wanted to chat about actual trading but you seem more concerned with posting everything that has to do with the markets except your trading. Have fun!

You get too flustered too easily. I merely asked you an honest question. You may make more than me trading, I have no idea. You said you nailed it today and was just curious what that meant in terms of $$. I am up a little over $700 net today and am underperforming my fellow traders in my...

How much are you up today?

This is the first time you've mentioned that you are just "having fun". I dont know what you mean by trading light, this has been a pretty damn good august as far as augusts go, and yesterday was a great trading day. If you were trading oil/energies, there was hardly a dull moment.

LOL, I posted almost the same response to one of his other threads. Areyoukidding, you need to pick a side, either ask questions about the market or just trade what you see.

You just have to learn how to play along with them. I enjoy the tricks bc most people fall for them all the time while the trained eye takes advantage too.

I'm not talking about yesterday in particular, I am talking about over the last few weeks. I have seen many posts by you about how this market is incredible and doesnt make sense with record high oil and such. Its just funny now how you turn completely around from posing so many questions, to...