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Because unfortunately, a pullback is only identified in hindsight. At the time of pulling the trigger, you will have a series of probable outcomes to calculate. There are various tools and technical setups that can help skew the probability slightly in your favor which need to be learned and...

True, I believe the CFTC has much bigger fish to fry than to redress the wounded feelings of internet gurus.

Being a businessman myself, I would venture to guess that Anek is offering his "free" advice in order to develop a following on ET. Anek would cherry pick his best trading days (while ignoring the down days) to display his prowess. He would then be able to monetize this by having his...

Are there any prop firms that exist that specialize in futures trading? I'm not really concerned about the added leverage, just a professional trading desk where proprietary futures traders can work together and share ideas. I know I can just open an account and trade at home in my underwear...

He made billions shorting the sub-prime market. Can he do it again from the other side? His timing is typically spot on... http://www.bloomberg.com/apps/news?pid=20601087&sid=aKD.dHuY9wZQ&refer=home

Being interested in making the transition from stock daytrading to ES trading, I was seeking training from a reputable source. After reading the non-professional ranting and ravings of Alex, I've decided not to sign up for Puretick. Anek, are you taking any subscriptions? Happy trading!

Macro long term call = excuse for being wrong when it really matters :p Timing is everything when it comes to profitable trading. My personal macro long term call is DJIA goes to 13,000 within the next decade! Of course that observation is as useful as tits on a bull.

The Bourne movies were really good, so comparing QOS to Bourne is actually a compliment!

Google is a tremendously profitable company. I wouldn't bet against it...

Divide your paper trading returns by 4 and you'll get an idea of your actual performance. Then again, if your paper results are 10-20%, then you'll most likely be negative in real life.

Intraday trends and reversals are the bread and butter of daytraders. Long term trends (weeks and months) are for swing and trend following methods.

If you put up $5K and get $250K leverage, that's hardly earth shaking. It's only enough to generate a decent living. Remember, even if the prop firm gives you 1000 to 1 leverage, it will be yanked out from under you once your risk deposit goes to zero. And then you'll just have to ante up...

Maybe the chick is marketsurfer? Very cute!

My girlfriend is a sales person at Barney's NY. She reports that this is the worst holiday season in many years. The only people buying Vertu phones are Russian mafia and well-heeled tourists. Fifth Avenue is packed...with tourists. Cipriani's is also packed... with tourists. NYC is...

I would consider #5 and #6 to be range trading. You're trading a consolidation range for scalps. I'll trade these setups if I'm bored but my bread and butter moves are the breakouts/breakdowns. #7 is the same as #3 (breakdown from consolidation) and #8 is the same as #1 (breakout from...

Let's start with an analogy. There are tens of thousands of fiction novels in the world. So how many basic themes are there? Only three: man versus man, man vs. nature and man vs. himself. And how many basic technical setups are there for successful daytrading? Four. They are: 1...

Not true. A good winning system should be able to fit on a bumper sticker. But it can take years for a trader to master his emotions in order to successfully implement it. The monetary value placed on the system depends on simple supply and demand. You can find a winning system in a...

18% doesn't sound too bad until you realize that it represents billions of dollars lost!

I second that! Macs rule!

One very good month does not a career make. Let's see what you can do now that the volatility is back down.