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Would like recommendations. Ideally the prop firm trades discretionary, directional strategies.

Really depends on what you think of your typical conspiracy theorist. If we're talking about the paranoid ones who love to blame the world and how its stacked against them and who really dont use much logic or reasoning, sure. Otherwise there are plenty of conspiracies that are founded on logic...

Thats excellent stuff, lots of people have difficulty with that. When emotions come into play and are unacknowledged its easy for that to sabotage logic and cloud judgement, can easily cause people to do things that arent part of the system or plan.

Romantic perhaps but its absolutely logical. If your goal whilst you are trading is to make money, you are setting up expectations and you your trading becomes affected by your pl. You are disappointed or frustrated when you have losing trades or are in loss (leads to undercontrolled trading)...

I always thought the iwatch was a joke. What niche does it fill? Its more of a fashion statement. A phone will give you everything the iwatch can do.

I think for hedge fund managers who are analysing fundamentals being able to think in unorthox ways, question authorities, assumptions and the norm and bet against the crowd is pretty important. For a day trader I think its irrelevant and you just trade price action.

I think the biggest secret is mindset... I dont think smoking a joint is going to clear away emotional baggage or help your understand how your mind works. I believe in addressing root causes... but if it works for you fuck what I say. Imo you gotta understand your triggers, sometimes...

When a market is in a trend, getting into consolidation plays is the way to go. Flags, pennants, etc, with tight stops, these offer good risk to reward. Also trading breaks of levels/trendlines is also fine, the stronger the level the better. Watch out for spikes above a key level with high...

What are the costs of becoming pro? This isnt something I have heard about as I dont live in the states. Biggest plus of prop firms is you get professional tuition and are surrounded with performers, the atmosphere is (or should be) conducive to growth. And ofc, you get financial backing + zero...

Profitable trader or no, imo he comes across as arrogant, guru " I know it all" type.

Holy grail = understanding yourself (strengths, weaknesses, pyschological baggage and potential subconscious sabotage that will interfere with discretionary trading... if you have none then the human brain is inherently a bad trader so understanding human pyschology also very important) +...

I could never be happy with a corporate job. For me that represents hours slaving away doing menial tasks, mentally and emotionally stagnating whilst enriching my bosses. This is just me the important thing is if you are growing, if you are challenged and enjoy your work. Trading is more than...

Actually the idea is to get an unfair price, buying low, selling high. And high and low are very subjective. Technical analysis will give you levels you can trade off. Or volume profile if you use it.

you only get filled if price reaches your bid, and for that to happen people need to hit into all the bids above you with sell market orders, and into the bids that have queue position on you :p Market will go wherever it wants really.

whats illogical about that? Did price get your order but you didnt fill?

topsteptrader is probably the most well known one. Pass one of their combines (you pay a fee) and they will fund you. Dont think you can trade the TSX with them.

Not sure what you mean but both are important for estimating trade expectancy. E.g. a trade with risk/reward of 3:1 (risk 1, reward 3) with 50% win rate, the expectancy over infinite repetitions would be a profit of 2 units. Risk/reward is a function of profit target and stop loss for a...

Title is self explanatory. I have a very simple understanding of QE - fed whips out cash out of thin air, buys bonds and keeps interest rates low. Why is this a good thing? Isnt this just devaluing the dollar by increasing supply?

Inequality is a part of nature, with or without tax, not sure why people complain about the 1% etc. What I do not like is government backed monopolies, that is of benefit to noone. If you get to the top by outplaying competitors thats fair game, you are delivering a better service. Tax is simply...

Given the average risk/reward and probability of winning trade is the same, short term trading will be more profitable. Bear in mind intraday trading can be scalping say 200 trades per day to maybe 2-3 trades per day depends on your style. Also need to factor in commissions as they play a...