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As an Englishman i look at America as still the last bastion of free market capitalism.. well I did up until Obama era. The way things are going now I really do fear for the economy of not just America but the west in general. There is a pressure from hard left parties that I don't think can be...

I’m sorry the OP has given up. But what he writes is nonsense. All edges die. Just as clients move on in the world of business. I have gone months at a time without a losing day doing tens of trades a day. I work with people that haven’t had a down year in 20 years. They taught what they were...

I've had so many, but usually met with something sour to match the sweetness Happy: Getting hired into a prop group for the first time in 2005 Not So Happy: Seeing there are no big secrets handed to you on a plate, you have to work hard and learn from the right people Happy: Having my first...

Yeah I agree. Not saying you can't make money longer term. But my biggest losses have always come holding overnight risk. Or to mitigate that you just end up trading such tiny positions relative to your account size you need a 6 figure account to make money. Very hard for a new trader. I...

I can tell you are new. There are a million different combinations to answering that question. How much can you make a day trading intraday? I've seen a couple of days over $500,000. But ive also seen 70% of people try to make it, fail, and have to quit. An average (profitable) pro trader...

As a prop trader I never kept more than about £30,000 in my account. That was plenty, the prop firm gave me additional leverage. But that's all the risk I put on the line. But I was day trading I could look to make or lose £300 a trade multiple times a day and an average good day was 1-2k and...

Similar to me, I can make 5-10k a month off a sub 50k account. But never really got any bigger apart from a few glory days about 10 years ago. The books say "oh just up your size, everything is exactly the same". Its not the case. It isn't just exponential growth. But hats off to the guys that...

Anyone got any evidence Ed has made any money since about 1993? Not saying he wasn't good (past tense) but markets change. He was a trend follower when markets lent themselves to simple breakout/moving average systems. Most of them went under in the mid/late 90's (Richard Dennis included)

Ed Seykota was a phenomenal trader 30+ years ago (no real evidence of his returns since), but should be respected for what he achieved back in the day. But just because he is/was a good trader doesn't mean he is a good psychologist or philosopher. Take what you can from his investment advice...

Well actually you are talking about the past when referring to millennia ago. I can see the faults in Cryptos for sure. But digital is the future. The fact gold has been around for millennia doesn't mean it will be a "currency" in the future. Animal skins were also a currency millennia ago. Its...

I agree. Cryptos are far from anything useful.. for now. But without doubt, a way to transfer an alternative asset electronically, almost immediately, to any country in the world, that is almost impossible to shutdown will without doubt have a future. The future of the world both politically...

But if you're running your own money its not really a hedge fund is it? Its no different to a prop account until you get outside money in. Unless its just you and one other guy that says "heres 2mill you trade it and give me half, you get the other half". But I wouldn't go through the...

Do you have investors lined up? I explored setting up a fund before.. fortunately my prop firm gave me seed capital of a few million but considering there are setup charges, possibly staff costs, administration costs and then a standard fund gives 80% of its profits to investors (standard 2 & 20...

No problem. I went to the bank again today and they were still a bit confused with where to add details for correspondent banks. But think they sorted it.

Thanks AMP

I'm trying to wire some GBP funds over to an AMP account from my UK account and their wire transfer instructions are confusing both myself and my bank. Every wire transfer i've ever sent before just needs an 1/ account number 2/a sort code 3/an IBAN 4/ a reference. There is no space to enter...

I live in the UK and the health service is collapsing. Its a nice idea but totally affordable. It was created after world war 2 when the country had a tiny population but as population has grown its become more and more indebted. Its also a political weapon, any party that suggests we reduce our...

You seem to be angry, try to chill a bit. :) Im completely chilled, just helpfully pointing out your flawed logic :-) 1. Instead of markets, let's use stocks or assets here. My point was, that cryptos can have intrinsic value just MUCH LESS than its current evaluations. So they are not worth...

1. OK,instead of not worth anything how about it is worth 95% less what it is valued at? This can be a true statement we both agree on and still close to the original statement. Ok sure, if you want to just pick arbitrary figures, how about the stock market is worth 95% of its current value...

I am not saying Bitcoin hasn't grown at an unsustainable rate or that it has more innovations to go before its the finished product. But all people's criticisms about "its not worth anything" are total nonsense. Its an alternative asset class/storage of value like many others. Take gold, gold...