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MK.. how many million LU did you trade?

Honestly... trading forex for a newbie is taking on a difficult challenge. The advantage to currencies is that they tend to trend the best... so a longer term trend system might make sense. Means you might have to hold positions for months. --MIKE

Nothing is impossible.. but you are trying to climb mount everest with a pair of Reeboks. Good luck..

Realize that its like asking someone that runs a sucessful business to post how they make a living.. lol

Then where is your edge after reading 1000 books and blowing wads of money over the years.. and being down 15% in 6 days on a simulator. Maybe this is all telling you to lay off of futures and you no edge. At this point.. you are not doing anything different than you have the past few...

I agree its a lot of tape reading.. but the futures Emini tape.. is extremely misleading.. because by design its a hedging instrument.. and being dominated by institutions playing both sides of the markets.

I never said that. I said you need an edge.. being fully discretionary and winging it day to day.. is not going to cut it. Ozzy.. what happens with many discrectionary traders.. is that they just go day to day winging their trading and whenever they lose money they say they will learn from...

I am just being straight up honest with you. I am not gonna chearlead and tell you that there is some learning curve or bullshit that you need to master or overcome... If you were my friend.. I would just tell you to back off daytrading futures.. and get a real edge, because you are clearly...

I think you are wasting your time trying to discretionally daytrade futures... the results speak for themselves... What makes you think that after doing this for say 6 months or a year.. that you will become profitable enough to make a living. The market will always change as volatility shifts..

I agree. Once the CD's go over 5% on a 1-2 year... this will be the end of hedge fund bubble and the stock market will more than likely severely underperform with flat to negative growth. You will get a major asset allocation.. and the small S&L's will clean up. There are so many people...

Do you have to be part of the credit union to access those CD's? Emmigrantdirect.com offers 3.25% savings account (no min, no junk fees).. which is the highest around.. and its FDIC of course.

LOL

4-4.5%.. we are not even talking about bonds... we are talking about grannie cd's.

The prime rate is @ 6.25%... once we top 7% the refi easy money boom will be completely over and then I would love to see how the economy will react to this. Easy money days are just about over. The hedge fund quant boom was all about making guaranteed money.. around 10% a year.. which is...

https://home.ingdirect.com/products/products.html I think the 5 year CD will be over 5% within 1 year. Why would any long term investors want to hold money in the stock market or any hedge funds.. with guaranteed 5% returns. Right now most of my liquid savings is sitting in a 3.25% money...

Assuming one has $100k in their portfolio. Cant you just buy $100k worth of ES futures on margin and take the remainder of cash and invest in short term yields.. woudlnt this guarantee a % performance better than the S&P index?? What am i missing? --MIKE

www.paccharts.com What do you guys think.. similar to volume by price charts.

How can you prove this assumption? Or is this just your own personal bias. Last i checked CNBC still talks about p/e ratio's earnings, and fda approvals... fundementals still matter.

I still dont think there are that many daytraders.. i know plenty of people that are still long term holders. I think your remarks are just based off a narrow view or self biased opinion. I read somewhere that the avg hold time for a stock trade in the US is 9 months from the retail crowd. Yes...

Hydroblunt... this is a really stupid thread. The real bubble is home flipping and everyone becoming a real estate agent in CA. Wanna traders is not a bubble. Half the daytraders are emberresed to call themselves daytraders. Get real.