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If you can quit when you are down huge, then the answer to your question is 'yes'. if you can just walk away after being down like 1k, then it's much easier to walk away when you are up 2k.

discipline and risk management alone should give you an edge over most traders, algo, etc. I myself had to make a transition from an impulsive scalper to what I am now. I do some trends some rtm, etc etc. Making money is still easy. but I agree that there's no free money these days

To sum it up, play DJ30 stocks for points not cents? that's just great. I'd really like to see any daytraders to be successful at this. The problem lies in that HFT presents unfair advantage over average traders. the details already discussed here. Whatever happened to banning HFT...

I'm no options junkie, but there is a mathematical formula(called something like Brownian Equation) that equates option pricing. The four constituents or variables of this formula are 1)stock price. 2) Strike price. 3) Volatility of the stock. 4) Time left till maturity. To answer...

fed fund rate is what banks charge each other. repo is overnite.

how is this blog interesting?

whatever happened to banning HFT. nothing has changed since december.........wtf

Series 7 wasn't so bad. I did it in 3 days. I read it once and took 2 practice tests(scored 60 and 65), but got 77 on the actual test. i feel that the actual test was easier than the practice tests. A close friend of mine had to take it 3 times, but eventually made it thru. remember, it's...

alot of prop firms are dropping S7 requirements these days. you might wanna look into these firms.

Bolimomo. thx for sharing. my question is why couldn't you use your old Windows OS instead of paying $200 for a new one?

accept it as an expensive lesson. I feel for ya, but there isn't much you can do about it.

it wasn't a while ago that I read that if USA and China went to a war, China will be annihilated in 30 minutes. it probably isn't far from the truth. China was never united and will never be united. Illiteracy rate is so high, and they can't communicate with each other......i wouldn't be...

USA, simply because we will use whatever means to stop others from becoming the one

There are at least 4 legit bidders I hear.

'87 was a disaster day. 5/6 was a fluke. I can't recall the date, but sometime around 2 years ago, dow shot up 1000 points in last 10 minutes of trading...........

No. you are the animal. Good job D.

bankrupt? hardly. Sungard is just shutting down the operation. They are even refunding the initial lock-up capital. much better than getting yourself out of shitty firm, where they start charging years of bu11shit fees when you try to leave. as far as WTS, haven't heard anyone going there.

i just got the list from my firm. 351 stocks and etfs in all. wow

besides PG and IWP? personally, i stayed on the sidelines, but for future reference, what stocks should we avoid when mistakes like this happen again?

Yup, Lescor is right. You kinda have to anticipate a bust, and therefore hold stuff until it gets corrected. experience counts.