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    How much capital do you typically need as a trader to live on your own?

    What were your living expenses when you lived frugal? Lets take the example of the poster, 10k. So then you can save 75k had you stayed with your job and have 10k expenses. So then you would have to make 75k trading to breakeven! You say you now trade 2 hours a day and make 75k, then you...
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    How much capital do you typically need as a trader to live on your own?

    LOL Some people here think you can make it with 10k at prop. and if you live frugal $5k a year expenses. NO YOU CANT If you want to live frugal at 10k a year, and you DONT quit 50k a year job, thats 40k savings in 1 year. 40k a year! You think you can make 400% profit your first...
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    Fear of quitting day job...

    keep your job and start swingtrading. daytrading in a bullmarket is suicide soon daily ranges will contract to 2005-2006 levels, which is average 5-8 ES points daily only In 2009 until now, the amount of people complaining about low volume is getting bigger everyday, even though volume...
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    paranoid ? or is Google tracking me - and you ?

    Why do you think Google does this? Obviously because YOU are more likely to click on Metastock ads than Gardening ads. They've been tracking you since 2003. On every site where they advertise there is a privacy policy explaining the cookie they use to do this. Some people.. :p
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    An inconvenient Truth

    capitalism means denying sick people healthcare, because they make more profits this way. capitalism is just about profits. get it, nothing else. True capitalism is there about making the most money. If they could make more moeny with oligrachy they will do it. Anti-trust laws are...
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    Buying a Stock and Selling a Put

    The people here are WRONG They say max risk is $1100, it isnt max risk is $750 cause you buy for 375 and sell for 375 so u pay nothing. But you lose 750 because of the put when stock goes zero. STOCK IS FREE!
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    Daytrading quickly becomes a bullsh*t job, and as such people justify it?

    Daytrading is indeed a bullshit job, if you dont make 100%+ a year at least, or start with $500k to trade. Why? Well if you buy and hold (which costs 30 min) at march 2009 you would have made 200% money in 30 minutes time. All you had to do was buy random stocks. On the other hand...
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    Market Psychology

    TA doesn't work and has never worked.
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    Strong stocks

    Strong late day buying. Predicting 1225, which we didnt get last week, for this week.
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    6 Career-killing Facebook Mistakes

    This article is crap. Employers who look on facebook accounts to determine who you are, are idiots. I have a very common name, and there are at least 100 people with my name on Facebook. If somebody makes up a fake profile about me, there's nothing stopping them. Employers who...
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    What is really a fair mortgage rate?

    gold is obviously in a bubble. it is essentially worthless, especially as gold bars. Shiny, but you cant even show it like necklaces and rings. The only thing keeping the price high is it priced in a currency thats in even a bigger bubble.
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    Abolish the Income Tax: Steve Forbes and Peter Schiff

    ABOLISH INCOME TAX = ABOLISH THE US ARMY
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    Globalfutures, Advantagefutures or Velocityfutures ?

    You guys are taking this way too seriously. Your account is segregated. That means it should be safe. There is no 100% safety button in life. Get real :p You should all focus on trading. 99,999999% of you will lose money due to trading, not because of bankruptcy of your broker.
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    Prostitution for $10 in Detroit

    That's what happens in a "trickle-down" society. Trickle-down is obviously a myth, and higher taxes for the rich is the answer. ALso keep in mind USA is religious, so the republicans morons illegalize prostitution, with all bad side-effects e.g. prostitutes who get raped won't go to the...
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    The Abacus prospectus states, GS might short your position.

    if GS really lost money on this deal, I doubt they will be prosecuted. They are not charity. Ofcourse, they could lie that they lost...
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    Opening IB account requires more than 10k?

    You can lie. I don't say you should, but you can. They want people to join who make 30k/year and have 50k in savings, and put in 10k to trade with. If you meet those requirements, you will most likely be accepted, unless you're blacklisted
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    End of this week at 1225

    Huge buying signal triggered yesterday:) (parabolic)
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    Karl Denninger..The Market Ticker

    if you stop trading because market is manipulated, you might just stop trading altogether. For example the bubble of NASDAQ in 2000, You wouldnt have traded from 1998-2001, 4 years absence because stocks were in a bubble and everybody knew it. Face it, trading is more about making...
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    Is DOW 11,000 A Bull Trap?"

    It's a bear trap. The bears aren't dead quite yet. When we go to S&P 1300 in 2 months they will believe
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    Dow theory

    when is it time to sell?
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