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"I eagerly await the administration’s regulations protecting pagers, fax machines, and Blockbuster," Arnold Schwarzenegger. Our Best Plan: We should encourage free trade and technological advances while going to the mat to help those who become road kill.

I will pm you.

If you really do have a worthwhile edge, contact many prop firms about leverage, all commissions and costs, their deal, etc. Post on ET looking for recommendations. Come back here and post the firm and all the specifics they offer you Some firms are better than others and some firms simply...

Why do I have an edge-- aka positive expectation? Why should tweeking my current ideas allow me to overcome the bid/ask, trading costs, those ahead of me on the information flow, the algos and professionals? What am I doing that is do special? Is there really so much soft money out there...

I thought you said trading was easy? Wait, wait... now I see: Trading is easy. Being a winning trader is hard!

The Mentor Method Is Often Best: Try developing a personal relationships with winning traders who you think currently have an edge and see if they will help you. Paid gurus-for-hire rarely work out as they are mostly hustlers who may have once had an edge but often never did. "Be sound...

I would bet a lot of money you are supposed to lose trading because: You do not sound like any strong trader I have ever known You have to be good enough to beat the spread, commissions and killer competition... much of which is computers trading. I would bet you have negative expectation on...

On a cautionary note: The Candy Store Usually Closes Most big edges end faster and faster because of technologIcal progress and quicker information flow. Years ago Shoenfeld Securities was the largest prop firm. They self cleared and put up all the money for their traders. For years their...

Try to find a way to backtest and look for the reasons!!! Many things sound reasonable when presented well. Some work and some do not. Also, some edges end... like following a short seller in low volume stocks. Others never worked in low volume stocks because of spread/liquidity. On a higher...

I think asking opinions and testing is the way to go... Asking good question sometimes turns up good ideas. But definitely test!

Dividend stocks can be extra-good in a tax efficient account like an IRA. Buffett has quite a portfolio of dividend paying stocks but he is also a master of tax efficiency

Hedge funds are supposed to do what they say they will do. Some have the goal you stated and others do not. Most hedge funds are scams in that they figure to underperform reasonable benchmarks because of their high fees. Renaissance Technologies is one notable exception having averaged roughly...

I am sure you meant to say someyhing to the effect that the market has produced returns of 9% a year over a very long sample (insert sample) and that you think this randomness with an upward drift will probably continue baring giant dusters like nuclear war, although not necessarily the same...

Yes. Tough for a retail guy for MANY reasons. Even half-assed pros have sometimes struggled or even blown up. Better for most people to simply invest for the long term by buying Berkshire Hathaway or a low cost index fund and holding for 30 years, preferably in an IRA. Btw, this is not as...

Learning by reading: I will say I have learned worthwhile things through pm relationships with posters I have met here.

Some of things that set this book apart from other day trading books are: You can contact the author on THESE FORUMS or if you are polite and have reasonable questions, maybe by pm. The book provides a more realistic overview of what it takes to win. One failed but insightful guy...

Since you are very much a begginer in your thoughts, it is normal you reach into your mind as to "what makes sense" to you, incorrectly. If you are not quickly knocked out or move away, as time goes on, I think your ideas will radically change. If you do not grow much past your current ideas...

What is his name in the book?

What is LL?

Amazon.com: Traders of the New Era Expanded: Interviews with a Select Group of Day and Swing Traders Who are Still Beating the Markets in the Era of High Frequency Trading and Flash Crashes eBook: Fernando Oliveira, Leandro Oliveira, Joel Elconin: Kindle Store A comparatively recent and...