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http://www.tradeciety.com/24-statistics-why-most-traders-lose-money/

Day trading is like being hooked on Heroin or Cocaine. http://stanford.edu/group/spanlab/Press/bk0206press.html

Does anyone keep statistics like that? ________________________________________________________________________ Barclays - Systematic versus discretionary. Upon a second look it looks like discretionary has a more consistency in making money, whereas systematic has bigger spikes & draw downs...

More than half of the CTA's reporting profits over multi year spans are fully automated. The common themes they seem to use: using multiple strategies, adapting by adding new strategies, diversifying trading frequencies, & trading a broad scope of instruments both domestic and foreign - long &...

What 9 dollar indicator do you use? ________________________________________________________ It not really so much of an indicator as it is an app - it displays market profile in a way where you can overlay multiple time frames. Not you ordinary out of the box MP.

Today's platforms come loaded to the max and usually can be customized without to much effort for traders to make their own indicators. The only proprietary indicator I pay for costs $9 per month does complex things with market profile and was something users wanted but nobody was able to...

I would much rather hear an aspiring trader say how tenacious/persistent/disciplined they are instead of how passionate they are because passion often fades or reverses in a manic way creating a big let down. Whereas the other attributes you have to have to go the distance - in fact you need...

But manufacturing output is at all time highs: _____________________________________________________________________________ Interesting - looks like productivity went up as employment went down. The robotics & AI can make this possible.

Futures brokers have gone out of business in the past and these accounts are not federally insured - so trader be aware. Many old timer future traders will tell you have as many bad experiences with futures brokers as they have with Fx over the years - so be cautious. Keep an eye on their...

Uhhh no it isn't. The miniDow moves 10 ticks per point to the eMini's 4 per point. They trade differently but not substantially so. _____________________________________________________________________________ Wrong! The TF moves significantly more than the YM (DIA), ES (SP500), and NQ...

Manufacturing jobs peaked in the late 70's. I graduated high school in 79 and do not recall anyone ever making their career plan to score a manufacturing job - everyone knew that industry was instinct even back than - the few remaining jobs in manufacturing were low paying & back breaking -...

Dude, that's ancient history-- PTJ no longer uses TA like he did in the 80's, can you find anything other than ancient history in the wizard books? Markets are radically different now.. _____________________________________________________________________________ PJT is fanatical about TA -...

Where are the chartists' yachts? _____________________________________________________________________________ Forbes list - richest people in the world - ranked #308 of all billionaires on the planet. Started of as a grunt floor runner supporting a cotton futures trader. Self made technical...

An autobiography (LOL). It is just the way it was day trading in the market market/specialist era. A specialist made the market for a few stocks and the day traders mission was to learn how to get around the axe and shadow the stop picking and assorted fake outs. The stop gunners are the...

One awesome and very wealthy trader once said "you have to think way out of the box, you have to live way out of the box - extraordinary returns takes extraordinary risk. I avoid the crowd, when volatility constricts that is when I am active - when volatility expands I am unwinding profits...

Does swing trade work in FX? because I remember a guy who ran a journal on ET with demo earlier this year, he said he strategy is the swing trade but his overall position was negative. _____________________________________________________________________________ As a discretionary swing trader...

I hear you man- I have found no single broker or platform gives me everything I want. I use 4 different platform/brokers because of this. It is a bit of a pain at times.

Given this easy knowledge, couldn't a smarter firm make money off the stop gunners? Given this knowledge, wouldn't stop hunting's edge be arb'd away? _____________________________________________________________________________ Good questions - any trader, big or small, can try to follow the...

Good info - That will make the EMD the U.S. Indice contract with the largest price range, I wish they kept the sizes of the indices portioned to match the volatility of the underlying indexes they track.

Stop gunning is not a conspiracy - all you need is a commercial size account to do this in the thinner hours like the lunch hour, pre-market, and after hours. HFTs pick of stops all day long in the smaller time frames while a hedge fund may go after the stops clustered over a few days below a...