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and as a corollary - this is why capitalism is so wonderful. because it produces incredible incentive for innovation. this is why we are so incredibly inventive, so innovative, and so much incredibly richer now than we were 100 yrs ago - both per capita and in total. the stock markets are...

"This can get wrapped up in semantics so lets not go that far. But, i stand by my contention that new wealth is not created unless a TOTALLY new SOURCE is found." it's not semantics. it's your complete lack of understanding of how economics works. wealth can, and is created. simple...

advanced analyzer is decent. it's not very customizable, - it's relatively limited in its scope, but it has some nice little screens. considering i get it for free (apex as well), it's decent.

this is a structural issue. it is NOT a matter of opinion. if the stock market WAS a zero sum game, then for every dollar of wealth built in the stock market since 1900 (for example), a dollar was lost. this is clearly not true. similarly, the NATION is far far far far far richer...

just to clarify... the stock market is NOT zero sum futures, options (and forex apparently) ARE the stock market, as a system can build wealth. in the same way a company can. tomorrow, if company ABCD develops a cure for cancer, its stock goes up 1000% any new buyers are now willing...

its also a really good idea to live in a state that doesn't have an income tax. i made a promise ot myself not to, and moved as soon as i could feds are bad enuf.

the point is, and from talking to many failed traders, it seems to be the case, is that most traders fail. and imo, most traders fail because of a few big blowups (especially one big blowup followed by a revenge trade - that ends up in a bigger blowup) ultimately, these are failures of...

10 pts is not a big stop. but again, in my 1st account, it's scalping a position trade might have a 100 pt or 200 pt stop even i don't stress on the money. i just concentrate on the setups any trade with larger than a 12 pt stop or so would go on in my position trading account...

exactly look, EVERY dollar that is marked to market in your futures account, came from some other position's loss a lot of traders find this concept hard to understand for every person LONG MSFT, there is not a corresponding short position but for every LONG CONTRACT of YM at...

if he is basing decision on price, it is TA, whether he wants to admit it or not... not all TA is "patterns" i use TA in intraday futures scalping. i pay very little attention to conventional patterns such as H&S, etc. but if it's based on price (as opposed to fundies - its TA)

you are not reading what i said. i keep a minimum of around 4k and a maximum of 10k in my FUTURES account. i have 4 accounts (not including my IRA) 1)futures (for income) (never more than 10k in account) 2)longterm (dividends for income and also for capital appreciation) 3)swing...

np. what do u trade, marketsurfer?

i do use charts. to put it briefly, i concentrate on key reference areas (various price points that have significance), as potential reversal points, i pay serious attention to market internals (advance/decline, TRIN, TICK, etc.) i am very rule based/. i have just over 20 setups (4-6...

bitstream is correct. different brokers have different rules as to how many "resets" they allow.

um... "If you want to make it big from a $5k account, I think you'll just have to take large risks on only the highest of probability trades. And the odds are you'll lose, but some win. Thats not how wealth is maintained and consistently grown, though (generally speaking)." trading is a...

look, i make a living daytrading (scalping mostly) index futures. i use fundies all the time for my INVESTMENTs, but when scalping index futures, fundies are obviously irrelevant as to whether i should buy YM at 12020 at 13:52 hrs, with a target of 12028. i constantly see this false...

actually, kiwi - i agree with you. his 10 pt stop is simply non-arbitrary in the respect of risk management. he decided that he doesn't want to lose more than 10 pts (he trades 5-10 contracts at a time) in any trade, so he set the stop - a "money stop" based on risk/money management. but...

no, they are not arbitrary. study a little game theory. there is not necessarily ONE optimal strategy in any "game", but there are various strategies based on positive expectancy and other statstical probabilities. so, they are not arbitrary. arbitrary would be, for instance "a 10 pt...

"Wherever your stop, IT'S ARBITRARY. " false. maybe for YOU, they are (and there is not necessarily anything wrong with that), but don't assume for others. my stops are based on study of my setups so as to have the best balance of 1) positive expectancy 2) percentage winning trades...

"So with that said, the best thing us commoners can do is follow the herd of money managers from one target of belief to the next. We ourselves cannot make markets. We can only follow these guys that do" BULL. on a short term scalping timeframe, that's somewhat true. on a longterm...