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If you were able to survive, and even thrive, trading penny stocks then I would think you could find a way to trade larger cap stocks or more liquid equities. I don't know what approaches you used in the past or your methodology for picking stocks, entry points and exits. I trade a lot of tech...

I saved the $$$ over time to have what I felt was needed to have adequate capital. People who start with a few thousand dollars, whether trading prop or retail, are at much higher probability of blowing out. If I were starting a business, whether a restaurant or whatever, I'd make sure I had...

Yes --- keep trading account in same ballpark year to year.

Middle to lower class living? LOL Once again you post something false. I'm fortunate to have 2 homes, one an oceanfront house in the northeast for summer & early fall and the other on an island in the southeast. If you measure wealth by $$$$ then you're missing the point of life. I don't aspire...

Not sure one can hide ... good question. I sometimes want to trade (buy or sell) "x" shares, where "x" may be large, and I display 100 and have the remainder in reserve and as I get hit another 100 posts. Not much different than an institution that has 100K to unload and maybe posts 1000 at a...

And there are plenty of retail traders/investors trading through Fidelity, E&Trade, etc. who have their orders routed. I used a novice trader as one simple example. Not sure how long you've been in the markets but I go back to when market makers were all over the place along with the ECN's, back...

I previously stated that paper trading doesn't have the real emotions of trading with real $$$. But paper trading allows you to pick entry/exit points. It also allows you to learn whatever trading platform you'll be trading with. And when you're paper trading the other side filling you can, in...

No, not at all. You don't have real $$$ so you don't experience the emotional ups and downs when paper trading. When I moved to All Tech after 2 years I paper traded a couple weeks to get the hang of their trading platform. I found the fills were mostly really good, which may have been in part...

Nope. I paper traded a year prior to my leaving my job. See prior post. Are you a successful at home day trader with no other source of income who began with modest means?

Had an undergrad in Quantitative Methods (Stats etc.), Masters in Operations Research (Optimization stuff) and a 2nd MS in Management Science. Those degrees got me into the corporate world where I developed math and AI (Expert System) systems to do production planning and scheduling in...

Actually not so difficult ... I started my 1st year with enough in the bank to cover living expenses. And I knew if I blew out I could have probably found another engineering job. But I had no desire to return to the politics of the corporate world. I also was pretty good at being conscious of...

I started with a $90K account with living expenses in the bank. I had a worst case drawdown to about $68K. These days I keep $150K in my day trading account and additional profits go into other longer term investments.

No, he's not right. But if you look at the source of the statement and know his history here on ET you get a good laugh from such a naive statement. I'm in my 19th year of trading retail with no other earned income.

I know a number of guys who have been successful trading retail from home. I started in 1996 trading from home, went to an All Tech office in 1998 for 2 years and went back to trading from home in 2000. I had left a corporate engineering job and consider myself reasonably successful since I'm...

I'd not agree with the above. Back in the 90's when I traded in an office I sometimes made good money quickly in the day. And rather than packing it in and going home I'd trade all day. That was my mentality just as with a corporate job .. that you work "x" hours per day. Finally the guy who ran...

14 of Al Sharpton's Biggest Missteps, Controversies, Gaffes, and Goofs http://www.newsmax.com/TheWire/14-al-sharpton-biggest-missteps/2015/01/30/id/621825/ Maybe #15 is his ever being born ................

I agree .. I turned her show on once and that was enough of that lesbo and her ranting.

Elder's book takes me way back ... I read it around 1995 the year before I started trading full time. I think at the time I wanted to believe it was a good book ... but over time, the longer I traded, I realized it wasn't all that valuable. Haven't picked it up in many years.

I have to revise my prior post .. I suspect your IQ < 50. My bad .....

And so appropriate that you would once again expose that your IQ < 60. Back in the day they called people like you retarded.