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Historically the third or forth forth interest rate hikes have a stellar track record of knocking down stock markets. National & personal debt are at all time highs while savings are nearing all time lows. We are in one of longest business cycles/bull markets in history, built on debt...

It's cool - it's all worked out now. What a difference 5 minutes can make.

Xela's posts are spot on - She takes the time to articulate her valuable insights, the kind of wisdom that is hard earned. 'A fisherman always sees another fisherman from a far'. I am male and have at times been over the 1,000 post mark with slightly more likes, been sliding lately which feels...

The mother of all advice - preserving your capital is always priority #1. Do this and eventually the profits will take care of themselves.

I left home at 15 - so those with the ideal home environment are in a different universe than me. Younger people can be molded - at least for a while, as adults most erode into apathy doing the minimal required to keep the power turned on - just look around at all the obese people that are...

I just don't believe in discipline - you sure can't will yourself to have it. However, when you have a big lofty goal - something you are fanatical about & have a clear metal picture of where you are trying to get to - than you do something every day towards reaching it through thick & thin...

Getting a large ROR trading stocks above that big wall of 25% does require a different approach. Market wizard Mark Minervini is on of the highest ROR producing pure stock traders - here is his take on this. While it’s true that the more concentrated your portfolio, the bigger gains you can...

Good point made - 'discipline' is an ugly word. All you really need is a long term goal and work on it persistently. And hopefully your goal is something other than just $.

In a strong trending market disciplined traders are going to do well. What kills a lot of traders are when the conditions change - most will not be able to adapt to trading a big bear or even worse a long sideways/choppy/whipsaw market, when the conditions change the herd of traders will get...

I would not know a good spread if it sat on my face.

Many others threatened legal action, with @thejoestore posting "everyone file for class action on Kraken!!!" and called for the U.S. Securities and Exchange Commission to investigate. This is Darwin's theory at work - greedy and very naive noobs that dived into this non-regulated arena should...

The VX futures contract is very expensive to trade in relation to its average price range. I have my own formula of measuring the trading cost - I take the 5 day ATR and determine the % of the trade cost based on the avg bid-ask spread cost. The VX trade cost, holding for one day has been...

You have a nice tax write off and you learned some lessons. Most traders have blown up an account or two along the way. Nearly any wealthy person on their death bed would gladly trade every dollar they had to be 18 again. Life is to long to get hung up on losing <$1k.

It's not a lot - $48 - it's just the principal of it - and I do fine grain accounting on everything related to trading. There are 1 of 3 futures broker I use, they do save me about $750 annually over my next lowest priced broker so I will still use them. I figure as long as keep my data feeds...

Looks like IB has removed the back billing charges for which I am very pleased. I spoke to soon - they are not going to credit me back for the double billing or even speak to me about as I requested. I had overwhelming evidence clearly proving my case and received what looks like a generic...

Looks like IB has removed the back billing charges for which I am very pleased. I am back to being a pleased customer.

As one that trades both futures & Fx I see them as both fine for trading provided you have a regulated broker with a good track record. There are pros and cons to both. Years ago it was the futures brokers going down in flames. Many trader lost a large portion of their accts, more recently it...

What lessons can traders draw from Amaranth blow-up? The blew up for the same reason that churns so many retail traders - piss poor risk mgmt. - simple as that.

what are you getting back billed for? prior months of data feed fees.

Or just deposit your cash in your local bank - hehe. :D