Search results

No, what you are experiencing is called randomness. Traders who get stops run tend to blame it on MM's, specialists, floor traders, whoever. Very few people believe randomness exists in the markets and they lose consistently because of this view. The sooner traders accept this fact the sooner...

Absolutely right. Networking is just another form of communication. Have you ever heard the most successful people in business are the most charasmatic? It always comes down to your ability to communicate. It's all about the presentation.

Lasner, An MBA will help you in your career in ways you never expected. It will help you grow and mature as a person and drastically improve your ability to write and communicate and your ability to communicate will do more for your career than any other class you could take at an MBA...

sent you a PM.

Then there are the rules. Don't do this, do do that, but only do this when that happens. I have a long list of rules and I break just about every one of them. The only rule I won't break is "don't chase a move." The rest are open to interpretation. It's all about how much screen time you...

Mike, There are people out there who are currently successful trading and who do teach trading but you have to understand the committment it takes. I taught trading a few years ago and I had no idea how difficult it would be -- it was easily harder than learning to trade myself. I started...

jyidpi00.....flipping thru your statements, you definitely got an edge. There's some real consistency in there. The two biggest challenges traders face is patience and discipline. Like you, I had to learn these the hard way. I think everyone does. Good luck with the trading. You're def on...

Thanks RM. You just convinced me to never go prop. :confused:

I trade for a living and if you are serious about doing this you can PM me.

Yes they are. They are blaming the recent market demise partly on over leveraged hedge funds. The hedge fund industry will never be the same after the Reg's get finished with it. I'm willing to bet they will remove the investor exemption that currently exists (i.e. - each fund can take up to...

When I began trading the ES I was immediately successful and then I went through a period of consistent drawdown. I thought about joining a trading room to get their calls/analysis. I'm glad I didn't. Instead, I worked more on my system and myself and I managed to turn the corner. Don't be a...

None. You are seriously under capitalized but I suspect you are just starting another stupid "can it really be done" thread.

Everyone's gotta start somewhere, right?

Absolutely right. Piss yourself buying and shit yourself selling is the type of move I look for and I will try and buy the exact bottom or sell the exact top. "know yourself and know your enemy, then fight whatever wars you win" Exactly Right and don't fight a battle unless you know you...

I think what you are asking is what can you use as collateral for trading (i.e. -- additional margin) and receive a high quality return. To the best of my knowledge gov't notes, bills, bonds, etc....is the only type of interest bearing collateral you can use.

Been where you are, not in as big a size but been through basically the same thing. I always managed to get my ass in gear by getting pretty pissed off with myself. I think emotion in trading is a good thing as long as it's used in a positive way. Spend the weekend chewing your ass out and I...

Couldn't agree more. There is a certain smell to a panic sell-off. There will be fear in the atmosphere so thick you can cut it with a knife. You have to have been through one before to recognize it when it happens and it will happen.

Agree with everything you said here austinp. Scaling is the way to go on the ES and what works for me. If the market offers me money I take a little off. There are times when I get another trade and other times when the trigger keeps going. It all comes out in the wash but the way to smooth...

Very true but knowing this means it's something that you can use to your advantage, not necessarily your disadvantage. You can deal with this one of two ways -- patience and money management, preferably both.

This is the problem that 95% of the ES traders face. It's been my experience that traders use two tools to trade with -- timing and stops. So, essentially, this strategy means you must be right to win and even if you are right you may still lose because your timing may not be perfect. The way...