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Another false assumption. Stocks fall faster than they rise. Even in a bull market there is often such thing as panic selling, but rarely panic buying. This makes shorting more profitable at least for myself, even in an up trending market.

Out of all the guys I know who make good money, I am the only one who uses any indicators. Then again they all make more $ than me so maybe that's a clue. The only one I use is stochs on a 3 min ES chart, and that is only to guide me to whether I would rather be on the long or short side of...

There's two flaws to your thinking. 1) There are much more efficient markets than the stock market, futures for example. That alone disproves efficient market hypothesis as far as I'm concerned. 2) You are comparing trading income to investing income. With investing you can get 4:1...

Wondering if any of you have experience with this issue. I have three 24" dell E248WFP monitors on a Quadro NVS 440 that I want to rotate 90 degrees. When I select the rotate option the screen flickers but nothing happens and the setting goes back to normal mode. I have tried regular and...

Trading in the Zone is the one I had. Can't speak for the other one. What would you say is the big difference between the two?

I use the "loads of charts" method along with a TI scan. You need to be able to filter out stocks that are still up on the day, but not way off of their highs (unless that's what you are looking for).

Had a few thoughts that might get this thread on track... Eric and I are friends with many of the same traders. His posts are based on what he has observed over the years from the development of himself and these other guys. These are top 1% traders we are talking about. The point...

Re: Tiger Woods I guess he's a loser then. He uses a sports psychologist and said the following in regards to his game... "It's something you have to find from within. You have to keep pushing yourself from within."...

I think this is a great idea. You would get some really high quality threads actually worth reading.

Hey Brandon, glad to hear you are feeling better these days. On your website it says that you have been a personal finance coach since 1998, but that you also started trading in '98. What were you coaching back then?

This is the equivalent of bumping into Tiger Woods at a bar, calling him an idiot and telling him he's probably never played golf.

This is the first thing I thought of also when reading Eric's thoughts. One thing I would like to add is that the best way to succeed in doing this is to surround yourself with better/bigger traders than yourself. If your daily goal is to make $500/day and the guys around you are doing $5000...

http://en.wikipedia.org/wiki/Long-Term_Capital_Management

A trader that doesn't like volatility isn't a trader at all.

Huh? The name of the thread was "my story" and I did participate a few pages in.

Considering how many of you are new, you may all enjoy this old gem of a thread from 2001... <b>my story</b> http://elitetrader.com/vb/showthread.php?s=&threadid=1670

I second the motion for an ET meet and greet! Funny Eric, I had the same reaction when I saw Timmy.

They are all over the map, some manual, some auto. Some trend trading, some reversion, some pairs/arb stuff. There's so many ways to make money in the market, you just need to be good at one.

As traders we spend most of our waking hours in the office, so anything that makes that time more enjoyable is a win. New desk Bigger monitors New chair New office TV etc...

Often the broker will have a little app written for the software API. It would login, get data, send order, cancel order for example. This helps newer programmers to write their own apps. It's different than the trading software.