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Correct me if I am wrong here, but your strategy consists of heavy capital for lil gains right? And you set up stop losses to to prevent heavy loss of the heavy capital you have invested. How tight are your stops, in terms of acceptable percent loss? You mentioned that you typically make $500...

Specifically, to start with, I want to make about $3000 per month. About $750 per week. If I can consistently do this, I can quit my job, to do this full-time and make even more through out the day. I want to do that trading options, if possible, but I am open for suggestions on how best to...

What were you trading at that time?Options/futures/stocks? What were you strategies? How much, in terms of percent, do you think is a realistic profit goal with small capital? Since you were successful swing trading, do you still do it? What would you recommend I learn to swing trade...

So it doesn't take anything but a Series 5/6 or Series 7 and initial deposit to join a firm? Aren't there any other requirements like skill level/proof of success/education? Also, about the buying power, all you get is the leverage, you are still responsible for all the losses that occur...

Can you explain a little more regarding prop trading? Doesn't some firm have to hire you at their firm to do that? Or, can you just have the license and work for yourself and call yourself a firm? Thanks.

If you are making enough money to support yourself only by trading, by all means quit. However, be absolutely sure that you CAN. Also, have about 1-2 years worth of funds w/o using any of the trading money. Prepare for the worst. Your trading money should not be used for "survival" money...

Alot of people are attacking OPs behavior, but I can completely understand his perspective. Until you have worked for a corporation that doesn't care about you and makes blatant bad decisions (for business and employees) day after day, year after year, you will not understand where he is coming...

Kensho, I trade a lot like you, and I like that style, but I have been unsuccessful. Also, I trade options, I don't think you do. It seems your strategy is fundamental based. Can you share with us they style of trading you have? I'd love to know since I have been unsuccessful doing things...

That's a good point. I am usually sleep deprived, I will have to find a way to manage that. Are you a part time trader as well?

Most of your points hit on trading and full-time job not being compatible. I agree. However, I wonder if somebody here has mastered the art of part-time trading. When you were doing it part-time, what were your strategies? How much time would you put into it? How would you manage your...

I don't want to discredit your "its not for everyone" response, but I'd like to know why to think that? What flaws/mistakes make it not suitable for some people vs. others? Granted, I'm no genius, but I'm not an idiot either. I know that I have been unsuccessful, but that's why I am here, I...

I replied to all the responses, but only one appeared? Is a delay normal?

I understand your concern, however, I haven't been studying trading in my free time to follow leprechauns. I intend to study and find my own "plan" as you say, however, at least the link above provides a good source to ask questions and learn from.

Thanks! I'll keep an eye on that thread. Swing trading has always been difficult for me.

Thanks for the honest opinion. Yes, I think they are excuses too, but I wanted to get confirmation so that I'm not in a constant state of delusion. There was a point in the two years where I didn't have a plan, but at this point, I don't know if that is necessarily true. In my previous...

I trade weekly Options on equities. My strategy is to play the first hour in the morning with high beta stocks. I just (primitively i.e no indicators) watch the price pop, if it does pop, I quickly jump on the early morning trend and try to collect $1 - $2 move. If it reverses, I cut losses...

Thanks for the response. Some things I'd like to say and ask regarding your response: 1) An 8 hr job is actually much longer than 8 hrs. Roughly I do 1 hr commute, 1 hr getting ready, 1 hr lunch...makes it a 11 hr endeavour. But I understand your point. 2) I trade Options on equities only...

This is my first time posting on ET...so please humor me if I seem out of place. I'll give you guys my history so that you can advice my dumba$$. I've been trading diligently for about 2 years now. Diligently = I wake up early enough to watch and trade the market from 8:30 CT - 9:30am (1...