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How well do day traders perform? A recent study by the North American Securities Administrators Association suggests that only about 11.5% might trade profitably. (Of course, trading "profitably" does not even mean that they will beat the S&P 500, a performance available at very low cost via the...

what time do the markets open? 3:30am? :confused:

I currently trade at a prop desk but I have a second job in a banking call center (big downgrade from my prior employement) but the hours are weekends and after the market so I can do both full time (I am one run down SOB red eyes all day long) but it helps pay the bills and I racked up some...

this is killing me, is getting over miss oppertuntities and missed trades that turned out to be huge. today I was in JPM and WFC early on, they went against for a .30-.40 cents and I got out (prolly got out as I was down on my other trades) but it kills me to know I was in that trade and got...

bright is in vegas.

I need to read this thread everyday! shut down my pc but for the week monday +$1307 Tuesday +$1007 Wednesday -$250 Thursday -$350 tomorrow. shooting for $750-$1000 profit.

good read thanks the homes around the 500k will still fall as ppl cannot get jumbo loans and the rates are so bad too. need to get that loan balance under 417k to get a decent rate

most bwrs under water are in CAL, AZ, NV, FL, MI, OHIO,

heard some news today and lol it was somewhat leaked alrdy!

I have all my rules writen down and I hate breaking my own rules. hmm. I broke several today (2 rules on one trade) counting out loud 1. played wrong side of opg 2. was down so slowed down my trading 3. listened to a guru on a trade 4. emotional and went on tilt as an earlier...

my question is. how the hell let them out a day early? someone at the fed leaked out info

one of my bad trades today bought at the break out at 136.75. then shorted it. and got hurt. I eventually went long again with MS, BAC and C though got chopped up. I was stupid to short it at the day's high

I got crushed on this trade I was pair trading ARO and ANF long ANF and short ARO got killed with the short squeeze on ARO, ANF does not want to cheapen there prices or lower their upscale image with cheaper prices, while ARO is lowering their prices, cutting inventory. I would...

Im working 2 jobs right now. the second job pays the bills, but the corp office life kills me. it is a later shift, so it fits into my schedule but I wish I just trading full time (doing both full time) = np life I do trade better as I know my second job will pay the bills, but it is eating...

top tax bracket is over 50% on ny, chicago and LA (add in fed, state, city taxes) I would love become an Hong Kong citizen and trade us equities. would have to renounce your US citizenship first though. god I hate taxes

I actually want to go to a free event just to check it out and laugh and see the get rich crowd in the local ramada inn. a few yrs ago it was real estate programs, now it is equities and options and forex

WOW.... Im currently working at a prop shop. doing decent, but this post makes me for sure keep my second job to pay all my bills. somone took $350k up to 14 million? very nice work!

tape reading isnt totally dead is it? it just seems it is so much harder then before and less people actually even attempt it now

when to close? some like 70% ATR,? I like to close out before the post at 3:40 and I like to put on pairs when the marker is quiet (noon) goes against you? hell put on another layer, the pair is on discount :) Im glad I didnt put on a second layer of long KSS short JCP. Im down 4k...

my biggest problem with pair trading is the the day to day gaps in my in PnL I have lets say 20 pairs out, all about the same dollar value, boom the market opens and Im up $2000 or down $2000 within 10 minutes from the steep gaps overnight. it kills my ability to trade the rest of the...