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Studies on 68,000 options traders concluded that they lost nearly three fold more than the equity traders. Options are a zero sum game - you have a few winners & a lot of losers. Most traders I see claiming that options contain risk use them like drunken sailors buying lottery tickets, they...

Dang right. In the late 90's my tax CPA asked me why I traded AMZN so much, I explained their disruptive business mode l & how it was going to dominate retail, & all that. His words have haunted me every day since "If you really believe in AMZN, Why not just hold a small position long term...

I be liken IB, but seriously - nealry everyone is using TOS or some others brokers platform for their charting. IB should buy one of the charting companies like TradingView or whatever.

1%? I like those odds - sign me up! If you are well capitalized, with a few years of living expenses, and about 5-10 years of experience than the success rate rises. The stat's count every noob that put $100-$500 into a Fx or penny stock acct and made a 1-3 month run at it with no experience &...

Every old beach side boardwalk arcade should have a coin operated machine for back-testing, with the power of optimizing, which is the benefit of hindsight, users would get hooked on this, it's like fools gold & crack combined, they will laugh hysterically when they finally realize they let...

I was not in this trade - but I take these kind of trades often. Just for the fun of it, I took a look at AMD. Of course it is always easy with hindsight - but this is the simplified recipe I use for these type of trades. Looking for two impulse moves up & maybe a third if the momentum had...

I always flashback to this song about SIM when the topic gets brought up. "I'm going in ... to SIM city, I'm going to win.. in SIM city"

Most of us active traders use price action., however the entry signal you choose to use has far less bearing on your performance than risk/trade mgmt & your mind set. Novice traders obsess over the wrong things, trade identification is majoring in minors.

Trump - a raging currency manipulator

Fidelity is sending a great deal of the orders to predatory HFTs - the penny jumpers. The only way around this is to send orders to the IEX, & Fidelity does not have DMA to the IEX. Citadel, Virtu, & G1 are front runners...

Speaking of currency manipulation - the U.S. Fed has 100 years of experience manipulating the USD. Trump calling China a currency manipulator shows his extreme ignorance and blatant racism. Greenspan published his views on 2010, Oct. 11 in the Financial Times. "Former Federal Reserve chairman...

I know many on here hate Forex - which makes me like my Fx trades that much more. Some of the legendary futures traders also traded spot Fx, nothing to fear - just make sure you have strong $ mgmt & a good broker with a clean regulatory track record. Forex has the least capitalized trading...

Trumps constant vile racist remarks had motivated the El Paso & New Zealand shooters. The manifesto for the El Paso shootings is a page right out of a Trump rally, spewing hate for immigrants. The NZ shooter that killed 49, per his manifesto & comments was inspired by Trump's call to the white...

Is it possible to know when ES Futs could make a big move based on General info? Yes - set up a sell program when Trump sends out a Tweet with the keywords 'trade wars', 'raising', 'additional'. That will be good for a 400 Dow point plunge since everybody knows that nobody wins a trade war -...

These are the books I have read & would recommend. The first book on the list had in my action the first day I started reading it to fulfilling my 'dreams' - it worked. Do It - Peter McWilliams The Power of Habit - Charles Duhigg

GS, JP, CS, MS front run their clients orders that are emailed or phoned in. Their smallest clients have at least $3OM & some are large corporations. They also prey on intra-day traders, they are very good at what they do.

Bank traders

I seriously doubt he cares about other traders knowing about his T.A., after all what he is using has been in T.A. books from the 30's. Only other experienced traders get the intense psychological battles we face with ourselves, I bet he wants to keep this from his clients that will not...

The IRS has been tracking Bitcon transactions since 2015. Those that made a fortune only to give it back during the bear could end up owing the IRS a small fortune. https://www.coindesk.com/irs-using-bitcoin-tracking-software-since-2015

Traders need to learn to cut their loses every time with no hesitation. Price action is telling you something, it's a good idea to observe what it is telling you instead of betting against it. Loss aversion & gamblers fallacy go hand in hand with averaging down. Novices ny human nature tend...