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My guess is that Friday is going to be non event for us OO guys. Good trading. Mike

I agree, some fantastic numbers here. I wish I would have started trading in 1998 instead of waiting til 2001, what kind of numbers would I be able to share? Seems like you are doing well! Continued succes samson! Mike

Best day was +80K Worst day -30K Mike

I like it....not many willing to put themselves out there like you. I must admit, you look different then I imagined though. Continued success to you! Mike

Getwhatyoudeserve, you seem to have too much time on your hands.:) I have read your long winded posts, and while you do make a compelling theoretical argument, the fact is, my real world trading results support my case. It is the difference between getting good vs great results in trading, in...

I have been there too, they key is that you have to be tough, have a game plan, have a risk managment plan, and know when to fold them. I have backed 6 traders over the years, the first two started off well, but then turned south and I carried them too long. The last four managed too make...

I have to disagree with you on the "there are no systems" comment. I have a system, several years in the making, but it is completely automated, and is banking the benjamins! We'll see if it blows up, or demonstrates a parabolic equity curve. It's fun to just "Set it and forget it", I just...

In a capitalistic society it is ok to make money. It's called a profit. Although capitalism sounds selfish and greedy in theory, the fact remains, it works well in practice. I hate to break the news to you, but a business doesn't need to explain their cost structure to you, how they make...

I have a fair rate, not the best, not the worst either. Like I said, you have to factor in everything to make a good decision. Technology, automation, BP, Pay out, Firm reliability, How the firm manages risk, services, etc. All of these factors are just as important, if not more important...

What you pay, and whether or not its a good deal is highly subjective, it's not black and white like some would lead you to believe. Technology is an edge and surely worth paying for, extra services are valuable and worth paying for, having tremendous buying power is a huge edge, more than any...

The BK law changes have already been priced into the market. While I don't like the fact that it gives credit card companies a free put option, I do agree that reforms were needed. The fact is, our economy is highly leveraged, if people stop paying their obligations the entire economy is...

Newbies, be forewarned......these deals are risky. There is nothing to stop a hedge fund from blowing up, and losing all of your money. Granted, you are only putting up 5 or 10k, but getting taken still hurts. Often times, they add in "back-end" charges for capital usage etc. Find a...

Perhaps I don't know all of the deals out there, I am familiar with many of the shady deals going on out there. Who wants to become a member of a "shady" llc deal, put together by a few guys with 50k, and almost certain risk of blowing up? If the LLC does survive, then good luck at getting...

I don't think that kind of deal exists, perhaps if you write the exams a few doors might open. Good luck with your search, and please post if you find a deal like this. Continued success, Mike

Ok...I qualify. What do you like to trade. I trade equities, and have recently started with futures. I trade Intraday, overnight and swing trade for a few days to weeks, and run a longer term strategy.

As a trader, I don't get to contribute to an IRA, because I don't have earned income, so.....I havn't completely researched it. That being said, I think I saw the article on the greentrader tax website.

Do you trade frequently in your IRA? I was under the impression that could cause problems. I pay alot in taxes and know too well what it's like to pay .45 out of each dollar I make. I would trade the heck out of your IRA and build up the profits, then I would trade the heck out of your...

It seems to me, that this is more of a VOL break out rather than an opening range breakout. Opening range breakouts typically involve using the high and low over a specific time period as a triger point to enter the trades. For instance, 5 minute high low, 3 minute high low, etc.

Worry not, there will be many more opportunites, will you take advantage of the next one? FWIW, Many things are working well in this market, I don't believe that you need news events or parabolic moves to make money, you must have a multi-strategy, multi-market, multi-time frame approach. This...

What do you consider "really good"?