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    Have you been trading profitably for more than a year?

    79 consecutive trade of 15% return would turn $10,000 (a reasonable starting size) into $623,920,690. And that's using the low number of 15% instead of the "or better." Somehow, I doubt it!
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    Profitable traders:

    I was profitable right away, but it took about 10 years before I became consistently profitable. Now it's time to cash in.
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    Have you been trading profitably for more than a year?

    "Oh, people can come up with statistics to prove anything. 14% of people know that." Homer Simpson
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    What a beautiful 3yr note auction today

    And yields barely moved on the news. Go figure.
  5. N

    vitamins mineral and foods good for trading

    Moses was 120 when he died. And he got his supplements from God (the manna from heaven).
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    How do you track your trades ?

    I do everything in Excel. And I use IB's DDE to get quotes in Excel.
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    Fairness at the gas pump?

    So you propose higher prices when demand is low and lower prices when demand is high? This must be reverse economics.
  8. N

    Fairness at the gas pump?

    Exxon has a profit margin of about 10%. With gasoline trading at $1.62 per gallon (QU on the NYMEX), their profit is just 16 cents per gallon. On the other hand, gasoline taxes in the US average 42 cents.
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    ES Traders

    Forget that. Look at the lower highs in the MACD on the daily SPX. http://stockcharts.com/gallery/?%24spx
  10. N

    Jobs Reaction

    Actually, I am dealing with the 21st century. Your time displacement may explain your trading deficiencies.
  11. N

    SPX & NDX momentum breaks down

    Just look at the lower MACD highs for the SPX daily. http://stockcharts.com/gallery/?%24spx
  12. N

    another question about taxes

    On IB, get your statement for the year 2005. There is lists all your closed positions and the P/L for each. There's a summary too. I find between the 1099s and the yearly statement, I have all I need to do my taxes.
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    Where to hang Series 7 License

    Keep in a desk drawer. That way you won't lose it or loose it.
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    The S&P has topped !!

    I went short the S&P on November 25, 2005 at the close. The S&P closed at 1268.25 (my SPY price was 127.04). Now, the market is at 1269.54 (127.09). We may not be in a downtrend, but we aren't in an uptrend either.
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    Prop Shops That Pay You To Trade?

    Actually, the best edge is an edge that doesn't fit into those three categories. Coming up with an edge nobody else has thought of is the best one of all.
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    Tuesday US Eqyuity Action

    Wow, great minds do think alike. I was going to predict the same thing.
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    Trading the FOMC

    I open ES and ZN charts and watch them move as when the FOMC announcement comes out. And then, I sit on my hands and do nothing since I have an ATS. It's a good strategy and generally works.
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    Bond Futures Duration

    Maybe this is the problem. I'm not sure what program/calculator you are using, but it is 10 years and 2 payments per year for a total of 20 payments.
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    Prop Shops That Pay You To Trade?

    I should also add that hedge funds and institutions had a bad year last year. More money flowed out of hedge funds in Q4 than into them. And returns were lackluster. The same is true at the institutions, which are basically private hedge funds. Therefore, they aren't hiring as much as they...
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    Prop Shops That Pay You To Trade?

    Maverick74: So true. I have seen this first hand. And even if you have the knowledge and experience, it will still be hard to get a quant/systems development job without an ivy league education or prior experience at a big hedge fund or institution (which you can't get without the ivy league...
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