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You don't put a ceiling on your potential, you simply WALK AWAY if you feel like you had enough. The risk/reward of the trading day changes quick after the first 1-2 hours, thats why there is a pattern of daytraders making great coin in morning and giving it back in the afternoon. Sometimes...

It is unfair and that is the point. I read these concerns in a few articles a while ago and it's quite interesting. With these new BS rules, the NYSE can preserve & protect their racket while at the same time throw the traders & programs against each other in the fast electronic market...

If you're new, stay away from daytrading oil/energy stocks. Very high chance you will get torn apart by them. You're going up against top equity traders/programs and dealing with the most brutal group of bastard specialists. Plus, it's old news.

The key word there is Goldman, I suggest you do some snooping around to understand why that is the #1 Ibank and top tier trading firm. It's far more than just skill, talent & hardwork.

Problem is that the black box will always beat you on speed and execution. They will also trade for lower increments than you and have no real minimum cost of living income requirement. The key to beating is to expand your time frame away from them. On NYSE, you can mess with the penny mook...

Not that I disagree but I find it very weird that this post is made in November, the 1st or 2nd busiest time of the year. These last 2 months were quite good, as they seasonally are. If you can't make money or at least some improvement now, get out of the game for good. Come spring and...

The ECNs actually make a lot of these scumbag stocks easier to trade. Let them do what the do as long as I can get real liquidity from ECNs and the price action of the stock.

What a pump & dump run.

LOL unfortunately the computers are gonna take over the shorter time frames. If it's mechanical, like most scalping is, the black box will be doing it instead of you. Think of it from a business standpoint of the major IB players (particularly Goldman) and even the standard prop firms. What...

The Dow is supposed to represent the economy of the US so if the biggest companies in 10 years end up being daytrading prop firms, then you bet ur a$$ that a few of them will be part of the Dow. The computer age eliminated older industries and the companies that used to be the leaders. Hence...

Talk about a major warning sign. My guess is that they are trying to cover up the RPs, the main tool for money expansion in the last decade.

Hey before you make yourself out to be an expert, you may want to stop quoting books and actually getting down to trade. Because it is very apparent you do not have an understanding of tape reading for the professional full time daytrader and also a bit apparent that you do not really trade...

Aight there buddy, I guess I could go into it but what's the point, you're just such a super trader in your head. There are key differences between how NYSE and Nasdaq trade, kinda like the key differences between a human open outcry system and a completely electronic system. With some basic...

I sense you do not really know what you're talking about. I do not think you even understand what the tape means and what Livermore meant when he started to recognize the bucket shop scam through the tape. I suggest you re-read the first few chapters of ROS to understand the type of tape...

Well Steve T is the superstar, I'm just a small part time trader now. I trade 8-15 hours a week, only mornings and if I take 5k+ for the month I'm satisfied. I'm at the point in my life of taking serious steps to diversify away from trading, particularly day trading. When I say tape...

Actually he will make 6 figures if he didnt already so you're just making yourself look like a retard. You should have been humble and gotten help cause Steve can read crazy stocks like ACI and thats tough game. But it does not even matter, with your attitude even if someone handfeeds you...

It will chop with crude. Too well known but a solid company. No strong catalyst in either direction.

You know what dude, you need to suck it up and realize that life is not about handouts. Maybe that is how you were brought up in easy going suburbia but for some people it all has to be done by themselves with no help. I had a very slight idea of what tape reading was and ended up learning it...

PPT GS grabbing offers like free rice in North korea. Mystery client.:D

All you need is 5k to put down and that's it.