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A fantastic trio to trade, but I can't figure this out: If the NQ moves one tick or one point, how much can't you expect the QQQQ and QID to move?

Price is money. Time is Time. Time is more valuable than price, so pay attention to Time considerations far more than price/money considerations. Wasting money is okay - you can always make it back. Wasting Time is Death itself. A trader that wastes no time rarely has a losing hour and...

A great trader makes full use of the entire day, week, month, and year. He steadily advances his equity curve slow and steady - even though it may look parabolic from compounding gains. To end the day at 4pm with less money than you had at 11am is not making full use of the day. To end to...

I asked previously: how do you know if you're making ***progress***. After thinking it over I think a smooth equity curve is the hallmark of consistent progress. Some traders go for big wins and end up taking on too much risk. If they win, they make a lot and the equity curve spikes up...

I guess IB data is wrong, prophet charts show SPX high of 1449.91.

What happened? A lot of stops get hit and quickly faded?

Money management (MM) is the easy part - which is why funds obsess over it. Because of MM, funds can stay in the business long enough to collect enough fees to launch more funds and shut down existing under-performing funds. Knowledge is the unquantifiable hard part of trading when dealing...

Money management is the defense that keeps you in the game when you don't know what you're doing. But ultimately it is knowledge that is the offence that will make you the money.

Increased comfort, increase confidence, and increased consistency is what its all about. Hard to quantify comfort and confidence. Slow and steady wins. It is said that most people overestimate what they can accomplish over a short period of time and underestimate what they can accomplish over...

Thanks Jack, as always. I'm your #1 fan.

How do you explain Livermore? You'd think a guy that knows all the ins and outs of the market and has 20+ years experience would never blow out. And since he did blow up then add up all his 'progress' over the years and it adds up to nothing. How do you explain the persistent...

Trading is a competitive sport. In other sports like golf, tennis, or basketball - you learn a technique - then you master it thru disciplined repetition. But in trading - you learn a strategy - then you master it thru disciplined repetition - then the market changes and the strategy becomes...

Let's consider two traders (A & B) Trader A loses money for months or years. While he loses money he experiences a thousand AHA moments. He then integrates all this AHA moments and becomes a consistently profitable trader under all market conditions. Trader B makes lots of money...

okay nevermind I'm going to read this entire thread this weekend before i touch a listed stock: http://www.elitetrader.com/vb/showthread.php?s=&threadid=82394&perpage=40&highlight=lrps&pagenumber=1

I really haven't daytraded NYSE since before it went hybrid - so I never saw the change. And I haven't really come across a decent thread about it. I hear a lot of traders I talk to complain. But here's the thing, it you adapt to the new market - can't you profit just as much and just as...

Wow that's really sad. Any idiot can take a reckless gamble ahead of earnings. The only solution is to have a 4. pm cut off where you can't enter any orders or have positions open greater than 2x your deposit. But there's no excuse that the prop firm can make about this. They've been in the...

I admire the guy's work ethic but he has an extremely small edge of less than a tick (after the lowest commissions possible). But then again, even in equities its hard to see someone with an edge of greater than .01/share. One guy has a razor slim edge of .005-.007/share - but he does 200K+...

http://traderfeed.blogspot.com/2007/04/marc-greenspoon-visit-with-world-class.html

I never really followed the stock but there's got to be more to it than that. A 301 PE is just insane. Is there something missing here? Edit: on yahoo finance it shows forward PE as 22 and and rev. growth at 17%. http://finance.yahoo.com/q/ks?s=MA

disclosure - I don't trade with Assent (or any firm) so I'm not a shill for them but I've heard it be the most recommended firm from traders i talk to. question: does Assent pay interest on balances. If they don't then that certainly helps them make a decent return on top of commissions...