Search results

I'm in that category. I've been trading successfully for years now, but it was ugly starting out. Blew up twice over the first two years. Almost blew up again in 1997, after a decade of trading, but that was just stupidity (taking HUGE currency positions for my account size during the Asian Econ...

Its just a new virus that happened to pop up in China. It happens all the time, but most just aren't deadly. If it was germ warfare, it would kill far more than the 5% that it is killing now. Last I saw was 72 deaths out of 1600 cases. Scientists for years have been predicting a massive plague...

No. Unless you have earned income somewhere. Trading gains are not earned income. The exception to this is if you are a member of an exchange. Many traders structure their trading business to create some earned income for IRA's etc. You would pay self employment on this portion. If you want...

Nonsense. I used to work with half an office full of guys that had over ten years profitable day trading. I myself have over ten years, just not all in a row as I've taken breaks to do other stuff. You probably have just been around rookie traders who usually fail without someone to help them...

Your kidding right?

I just did a little research. Goldy has hundreds of traders involved in the following: fixed income, equity, currencies, commodities, swaps and derivatives, and emerging areas such as weather trading. Trading and related operations accounted for 38% of total income last year (over 5 billion from...

Where do you get that info? Goldy's proprietary bond department alone, London office, is responsible for a major % of their total income. A friend of mine used to work in that office years ago and they had a few dozen, in that department alone. BTW, people trade just like they try any...

Yep, some day traders do trade this way (not me), but the percentage net profit to commission is irrelevant if you come away with a good income every day. I used to work with a guy who made something like 100 trades per day, and made a grand or so net pretty much every day. I have no idea what...

Don't need big trending days. Three points per trade is plenty for me. Scalpers like Nitro, don't require much if any trend. Also, I have zero slippage. Yes, this point has already been made by someone else here. I just wanted to emphasize many day traders completely eliminate this problem. Jay

That's huge risk by day trading standards. I never risk more than 2.5% per trade. That said, I know some people do very well swing trading. I think it all comes down to the personality of the trader. Jay

That's because most people here don't have much experience trading period. Day trading can bring in very consistent income, but it takes time to learn to do it properly, and I think most people blow up first. Also, many people are trying to day trade stocks which is awfully hard in this...

This is true. But it still wouldn't be WW III. Unfortunately, I think its just a matter of time before some pissed off radical gets a small nuke into the US. Boom.

No, no, no, no, and yes. I think we will have more 9-11 type events. I do not think we will ever have World War III in the classic sense due to Nukes. Guaranteed annihilation pretty much prevents this. I believe we would use nukes only if our soil is invaded. I believe some other major powers...

I used to trade currencies exclusively. Depending on time of day, its a very good day trading medium. Currencies trend probably better than anything else. It is true that you usually give up at least a couple tics (which they call pips for some reason). At least there is no commission. Its still...

I'll certainly agree to that. Jay

You don't get it. If they admit athletes due to a particular race, then it is discrimination. If a school does not consider race when choosing athletes, then it is not discrimination. Who says that universities should only have academics? They should also admit the most qualified individuals in...

University applications should not have a race question period. Should be based 100% on merit, without regard to what the campus "looks like".

Thanks Bundle. That answers my Q's. BTW, you didn't specify which XP you ran in your first post, which is why I asked again. Jay

Just basic analysis of the mechanics of the oil market and how much the US is spending directly and indirectly (negative econ effects) on this war. The blood for oil argument makes no sense. There are many other arguments, both positive and negative as to how they reflect on the US, that make...

So it doesn't matter if its Home edition or Pro? Thanks, Jay