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Just what every kid needs - more time indoors in front of a screen being feed this notion that anything they want out of life is just a mouse click away. When I was a kid I had a paper route and did services in my neighborhood: car washing, lawn care, dog walking, house sitting, & selling...

You are not a trader until you ... Make about a million trading, lose it all, than make it back again after you first earn enough $ to open a new trading account while working min wage jobs. You owe the IRS 100's of thousands dollars for capital gains, of which you never spent a dollar of or...

Looks good to me, same place from a different angle. I used to work out in the field & have been in many successful business operations like this where from the front it does not look like much, than you turn the corner and know you're in the right place.

If anything the more dirt you try to find on Ed Sekota the more it proves what a badass trader he was - like his court trial where he had to pay 25% of his 1999 profit of $10,000,000 to some lady claiming to have partnered with him to run the admin side of a hedge fund...

The bond market is about 25% larger than the stock market. The futures market is significantly smaller than either of these.

Good trading is a marathon, not a sprint. A trader is inclined to suffer their largest losses after their largest winning spree, until they get their black belt in risk mgmt - capital preservation. Highly tuned traders become a lot more concerned on how good they play defense, the profits will...

If you can't find a way to make $ in the market - try looking harder. Swing trading & day trading is alive & well. Old school chart patterns for swing trades and volume breakouts from congested price zones is ringing the register with day trades.

Sure - short the VXX & make a lot of $, until you go bust. That is like picking up pennies in front of a steam roller.

SMBs largest earner is a discretionary multi stock trader with a typical holding time of several days to a few weeks using daily chart & volume patterns to anticipate/plan his trades along with some fundamentals to build into large winning positions over a period of time. The retail day...

History tells us this little "experiment" of the Feds ends very badly. The only real growth has been the national debt. In 2017 personal savings hit its all time low, at time when the bull market has given consumers the wind at their back. The next bear market will most likely be the worst...

If you want it - you have to bring it. Noobs starting out with small accts and big egos/wild expectations like yourself wanting to turn $30k into $1M fast will be at the mercy of the same caliber noobs or the many fakers that just talk a big game. When you trade long enough you tend to get to...

Wow, that Norway trader left a prop shop to trade with $30k and built it up his fortune to $245M. This guy sure is a model for "Go big or go home!".

The day session LLD (locked limit down) is at -7%, -13%, & -20%. The extend hours secession LLD is -5%. You can take far larger losses in a shock event on the day session than on the extended session. The flash crashes were on the day session. Stocks can gap up/down. With proper position...

My own experience is that it's a lot easier to make $ trading when you don't need to because you have a job. And it's a lot easier to like your job when you have enough in you broker account so that you really never need to ever work again if you choose not to. Was a full time trader for 6...

increasing your bets during losing streaks is counter to how top traders manage risk, it puts on the road to ruin. It also plays into the gamblers falacy that a losing streak means a winning streak is overdue which is just an illusion.

Consider learning how to trade around a core position. This will take some work to get down, well worth the effort since is how many profitable pros manage positions. It takes a lot of discipline to switch from one time frame to another, the key is to use the same time frame for the entry &...

The Market Wizards series did feature some intra-day traders & hybrids. I believe they all worked for prop shops or ran their own hedge funds. Here is an excerpt from an interview Zero Hedge did with Jack Schwagger on retail day trading. ET: What about timeframes? It seems longer is better...

"Those who have knowledge don't predict. Those who predict don't have knowledge." -Lao Tzu, 6th Century BC.

Here you go. Expenses are 0.89% and the avg volume is 373K. Not my cup of tea since I use futures.

Here you go - the aggregate hard won lessons of 40 top traders. Most books leave you more confused than anything, but than again Bobby Fisher read every book he could find on chess & said he always got something out of every single one. I would avoid trading rooms - us swing traders are like...