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that's a mature response. trading is not for everybody. it is entirely possible for some people to make a great living in trading, but whether any individual can do that is dependant on a host of factors.

THIS DOESN'T HAVE TO BE ABOUT "CHARTING" there are many ways to gain an edge. personally, i use charts (and market profile) as well as many other things (market internals, correlated market's performance etc.). but charts are merely a tool to model price over time there is nothing...

it's only getting harder to trade if you are using techniques that worked in the PAST and assuming that the market environment will continue to bless those setups/methodologies the market is cyclical in OH SO MANY WAYS (volatility, bull/bear, etc. etc.) and necessarily adapts, since the...

you are totally right about loser-traders (tm) always talking about MANIPULATION. i call it the "double m" (the manipulation meme) several trading psychologists have commented on one of the key traits of a successful trader is taking ownership/responsibility for one's trades. blaming...

you are either a troll, or astoundingly ignorant. efficient market theory is a pipe dream of academics (who couldn't trade their way out a bag). traders, who consistently make money - laugh at it (me included) you don't have to be able to "predict" price to trade you need to have...

exactly note the qualifier - in our CURRENT LOW VOLATILITY environment (people are blind to the larger history of the market) it's myopia study the market, not just the recent past the dow was not even down 1%. it was a very minor selloff by most metrics. volatility is more...

actually pekolo, those are good points there is no hard and fast stat as to the # of traders that fail ( as defined by blowing up and quitting or just quitting after a year or two) however, i have heard the failure rate for businesses is on the high side of the 80% range. and it is...

amazing you cannot be a trader (successfully) and be this myopic. PANIC SELLING??? the dow didn't even close down 1 frigging percent. it's amazing when volatility returns, tons of traders are going to be caught incapable of trading that kind of environmnet, as they can only relate...

the myopia here is astounding. dow is down less than 1% Nascrack is down 1.30% that is NOTHING have some PERsPECTIVE in every bull market in history we have had much bigger red todays than today, and far more frequently (on average) we've gone longer without a 2% down day, than...

for pete's sake. traders fail at roughly the same rate that all small businesses fail and that's a GOOD thing for good traders, because bad traders make trading easier, cause they are easier to read regardless... you are extrapolating from the individual to the whole. fine. you...

concentrating on the money is problematic and a recipe for ruin in the long run, imo so, a good day trading should be based on how well you traded, not whether the market moved your way. iow, did you follow your rules, respect the stops, and trade logically just by the laws of chance, a...

ETF's also tie up IMMENSELY more capital, have inferior tax treatment, cannot be shorted in an IRA, and do not trade 24 hrs.

i traded etf's for 6 months before using futes (i currently trade YM for a livin') yes, the PDT rule applies to ETF's yes, you can short on a downtick but be advised the fills on ETF's are not quite as good as on futes, which is good because if a strategy works on the ETF it will generally...

the fallacy here is that the market is not a coin van tharpe is right i am not saying that random entry with any given system is positive or negative expectancy (leaving commission out of it). i am saying it does not NECESSARILY have to be a coin has no memory. the market does with...

i trade (mostly) the dow futures i find the NYSE advance/decline (breadth), the NYSE TICK and the NYSE TRIN to be the most useful however... there is one index specific internal i am aware of : the TIKI. this is like a tick, but only uses the 30 dow stocks IB does not have TIKI data

it's also all about projection some here are either in the same phase as this trader, or were not too long ago. we tend to be more critical of what we see in others that we recognize in ourselves. we've all had these wrestling matches with ourselves while trading - engaged in...

yes. i am not aware of any broker that would allow you to bid for an amount of shares greater than you can actually buy.

what a bunch of rubbish you can't get a "bad fill" if you put a LIMIT order in. if the guy made a AON order vs. a standard limit order, that would make a difference as to whether it GOT filled, but the price on a limit order CANNOT be higher than the limit price (for a bid), so that...

"The high prices in the energy futures market are completely artificial, that's why they go up and down so much in such a short time," rubbish. the high (or low) prices in ANY market are a function of supply and demand. I am talking supply and demand of willing buyers and sellers at any...

the market does not care where you entered or where you want to exit. a big part of my edge is thinking exactly that - where would the retail traders be entering, what would their target be, etc. and NOT being on their side. one of the reasons why TA works, as others pointed out, is that...