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No, it is not realistic. :) I'm actually not speaking of having them reveal their software. I am speaking of requiring certain accounts with machines on them to be declared. Eurex does this. A lot of times, what I find chokes up the market as far as execution and just size bouncing around is...

Does chess have the elements of fear and greed or intuition? This is where things aren't as clear in the markets as they are in chess.

Oftentimes, the interest on cash advances on a credit card is not the same as the interest on purchases. In most cases, the interest on cash advances is computed daily from the day you make the withdrawal until it is paid back. This can add up to more than 20% APR if you hold it that long. I...

Consider the credit card interest on that cash advance. I would hate to pay 20% or so for money that went up in a flash.

Course Name: Trading 101 Location: Livermore Building Days: M T W TR F Time: 6:30 AM EST Instructor: Cpt. Ahab Put them on the edge of a dive board on top of an ice cold pool of water. Have them face you. Now shove them into the water. When they get back to the top, repeat again and...

Easy.... you are not equipped for news nor do you understand the true nature of an auction market. Hence, the only solution for you is to stay out despite the appearance of opportunity. I scalp a good load of volume, so I trade through pretty much all market moods. I know from experience when I...

Be wise. The probabilities are against you. Save what you have. Never trade on borrowed cash, so save that money. Study a bit longer and have a more robust risk plan. You are too focused on making money. That is not the objective at the beginning. You must focus on trading and executing well...

As I said, the market depth provided plenty of hints on the retracement being real. I don't know what news service he is using but I can bet that he would have gotten that too late. Trading on news is not for everyone. That was my only point. Better to react to the markets.

I disagree. This is far too late. As soon as you passed your risk limit, you should have covered immediately at any cost. Furthermore, as soon as you saw bigger prints on the offer, you should have covered before your 10 ticks were up if possible. Don't let your mind force you to be set on...

What did your plan say? Right... 10 ticks. So what is the question again?

Ripley, I looked at your chart. You do lack discipline. You can either admit that by looking at what you did or keeping beating your head against the wall to find out. You committed the following critical mistakes: you not only pulled your stop (which is clearly outside of your trading/risk...

If you put even $1 down, then you are in an arcade. This is not true prop. Proprietary trading means you trade the firm's funds only and incur no risk. The risk is the firm's and you get a commission on your profitability. It is that simple. Anything else is an arcade. I wanted to make that...

What I find interesting is the possibility that some virus, nasty geopolitical event (dirty bomb) or whatever causes massive movement will cause these programs to puke out and basically result in a similar trade as a fat-finger. News events are probably not built into these algorithms. An...

Not sure that this is the best advice. I have experience in this and I have traders under contract. We can cut through a lot of rif-raf if you just explain your contract provisions and situation. Although many firms might choose to not enforce a contract, a firm can easily make it very very...

You have a non-existant or very poor risk plan. STOP TRADING. You have a high probability of losing all of your initial and borrowed money. Once you stop trading, come back for more help.

I like www.dailyfx.com

A good video card will come with its own built-in memory. 64MB on a video card is enough to run 2 monitors for trading. It shouldn't have any impact on your computer's RAM unless you install and use the fancy desktop features that some cards use. There are cheap cards and on board video...

The most recent action on the DOM in futures is not the best for price action readers (scalpers). I start new traders out with nothing but a T&S window and the DOM. No charts or other distractions. They have all progress from being able to make small money that way to incorporating charts for...

Great thread and great input, guys. I appreciate this type of discussion on ET.