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Making 327% on $1,143 is nice, but its not even in the same world as growing a trading acct enough to live on. I mean it's like thinking, hey I won a few grand playing blackjack, I think I will quit my job and become a pro BJ player. Making an avg of $22.6 per hour on your incredible 327%...

The Monex Group is a holding company, you have to know the history of the company to make sense of the stock chart. Investors in holding companies are typically out for the dividends -which is currently 10%. Holding companies are often created by majority shareholders who have long-term...

You are fear mongering & would make a piss poor analyst, seeing how you missed the obvious, TS is owned by the Monex Group, a company with deep pockets that is leveraging TS on the global market. The Monex Group (Japan), one of the largest financial companies in Japan. TS/Europe is an...

No mention of this kid working & saving to make his own $ to trade with. Trading from home from an acct handed to you is a far cry from being self made.

When your order is filled at the ask it is known in traders jargon as you 'lifted the offer'.

I see a pattern with this thread.

Here we are in October, the crash month with wealth inequality not see at this level since the peak of the 1929 stock market. Ray Dalio's latest analysis : 1935-45 Analogue 1.) The largest wealth and political gaps since the late 1930s exist, which is leading to the emergence of and...

The carrot dangles on a string, the prop shops want your money. We have to be near a historical top - selling the dream has become wildly profitable. Traders were once despised by the general public, a crash or a nasty bear market will give us the much needed purge.

Jim Simmons is another billionaire trader that uses pattern recognition, ain't that a hoot.

Regardless of how you choose your trade entries, it is the risk/trade mgmt that will make or break you in the long run. This is typically grossly neglected by novice traders, been there done that. One of the top CTA funds over the last decade- up 150% on the year. This fund is global...

My tips Make sure to have plenty of down time & do lots of fun things - it it easy to get carried away with trading and end up spending 15+ hours a day at it. The better you feel, the better your trading is likely to go. Focus only on executing the processes of trading following your own best...

Easy - take 1 of your traders & have them take inverse trades as the others, sized up at least 3x larger. Do this without letting the others know. Amazing that anybody could even work at a prop shop averaging into losers. If ever I did that I would fire myself.

Maybe try using a hand written trade entry check list - I do this from a template I made. Learned this from Marty Schwatz (pit bull), he still hand writes notes on his entries, having 40+ years of trading. Half the battle in trading is letting the impatient/impulsive noobs make the first run...

Blaming TA is like a builder blaming his tape measure. TA is simply information.

Since Amahrix seems to hold some respect for Ray Dalio: Ray Dalio had horrible trading results in his earlier years. His performance improved greatly when began looking for repetitive patterns in the market. This is T.A. 101, the study of crowd behavior, the causes & effects which repeat over...

Reduce trading size and activity - get more selective. Keep cutting down size until you hit your stride. Don't add on size until you dig out first. Formula used by some of the wizards - like Ed Thorp. In fact this seems sort of universal among the legends from what I gathered.

A day trading billionaire? Never heard of any. I am a swing trader - every position I take is intended to go for days + as long as its a winner making a strong move. Hey, why I am on this thread anyway? This is about day traders- I let them defend themselves.

Than explain the billionaire technical traders and the many that have made a living at it for decades? Granted it requires a great deal of hard won skills to execute & strong risk/trade mgmt and most noobs what they call TA I can not relate to - at all. It really rather simple - periods of...

Been through a few black swans/shocks already. Here again, I use a strong risk mgmt strategy using a small portion of my capital to ride winners, the losers are cut quickly. I always have a lot of 'dry powder' to clean up on the fat tails. The fat tails often print the same bottoming...

Obviously there is uncertainty with the outcome of any trade or investment made. There is a level of uncertainty with everything in life, including business and the markets. Being obsessed over not having a guaranteed outcome in the markets seems like an emotional disorder. Many people cannot...