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  1. wrbtrader

    CME Group - fees outrageous

    Still a great stock to have as an investment for the retirement fund :D wrbtrader
  2. wrbtrader

    Are the patterns you see today in the market any different than 20 years ago?

    Same patterns within different markets. wrbtrader
  3. wrbtrader

    Why are markets more prone to false breakouts when it is heavily observed?

    The point was that everyone will not be using the same successful strategy which is why the theory that people throw around about "everyone" is extremely flawed. Also, there is no balance. Thus, there's never an equal number of buyers to an equal number of sellers at the end of the day because...
  4. wrbtrader

    Joining the CME gang

    The video was cut again while he had a Short position (-4 contracts)...he scaled into the position 2 contracts at a small loss when he added another 2 contracts to it). Yet, it seem like the similar time when closed the live stream of the prior trading day when he had to go to work. Thus, most...
  5. wrbtrader

    Why are markets more prone to false breakouts when it is heavily observed?

    Its simple... If you share an automated trading system with the masses...those that actually move the markets via their institutional trades will not be aware of the trading system. Simply, it doesn't matter what you're using...it will have no impact of the price direction. If they are aware of...
  6. wrbtrader

    Risk Management Psychology

    That's the problem...some traders are doing everything you've stated and still have problems with the psychological management of risk management. They are looking for a way to enforce their risk management after doing all the above...enforce it too perfection as in 100% of the time because...
  7. wrbtrader

    What is the best way to get a formal education on US Futs and Opts on Futs ?

    The CME Group has excellent information on US futures but I'm not sure about the Futures Options. More importantly, they have very good information of market fundamentals, risk management...critically important topics that too many retail traders ignore prior to trading with real money. The...
  8. wrbtrader

    Inside Scoop on Chicago Prop Firms

    Do agree but he could be asking for outside opinions instead of getting a rosy picture if he were to walk in thru their front doors or phone call them. On the flip side, it is Chicago and there's still that fear in the air that if you go there in person and talk to the wrong person...someone...
  9. wrbtrader

    Joining the CME gang

    Yeah, he'll need to confirm with AMP if they will not categorize (reclassify) him as a professional if he leases a seat on the CME. If they say no to him...I would get it in writing and if he adds a new broker or changes brokers at a later date while still leasing a seat on the CME...he will...
  10. wrbtrader

    France plans 'eco-tax' for air fares

    This type of tax is small...trying to break in the masses to get them use to what's to come that will be bigger. :( wrbtrader
  11. wrbtrader

    Joining the CME gang

    First of all, overall you're doing well and I'm glad to hear you have statistics to aid your trading (most do not). Yeah, you're absolutely correct...I have a lot of assumptions because I'm still trying to figure out the important pieces in your trading. I'm not one of those that needs to know...
  12. wrbtrader

    Joining the CME gang

    Too much size, you stayed cemented to the Long side with only 1 - 2 Short positions late in the game as if you had to admit it was a Down Trend Day. You have to backtest that type of trade management strategy and position size management to determine if statistically if your winners on trend...
  13. wrbtrader

    Merrill Lynch pays $40 million to Cabletron co-founder after broker allegedly churned account

    I would like to know if the broker (Charles Kenahan) was churning his account via day trading, swing trading, chasing IPOs or what ? Also, when he was fired...did he get severance pay, stocks, unsuitable investments or what and when to be specific ? :D wrbtrader
  14. wrbtrader

    If you have just open a $2000 account,what would you do?

    Exactly, an expert would already have his/her answers and wouldn't need to be asking for advice from anonymous user names. wrbtrader
  15. wrbtrader

    Joining the CME gang

    The videos reveal you're trading too much size and most likely have (had) issues managing your emotions while in an open trade that's losing money. Swings in the account like that...Up and Down...will also show up when you make back those losses in a very short time duration. Thus, I'm curious...
  16. wrbtrader

    If you have just open a $2000 account,what would you do?

    An expert on every market (assuming you meant to say a great trader) would have much more than just $2000 starting capital...first flaw with your hypothetical situation. wrbtrader
  17. wrbtrader

    Young guy wanting to start trading

    Where are you working at now since dropping out of college...I mean your job title/duties (not the location) ? wrbtrader
  18. wrbtrader

    I have read "Trading in the Zone" but still struggling with psychology

    The first time I ever heard of an financial institution that had an in house psycho therapist for its traders was Citigroup. Later, I heard about other financial institutions having psychologists, psycho therapists, performance coaches and so on via whatever title they gave them... These were...
  19. wrbtrader

    IB: accounts in two different countries?

    They already got a foot into the door on that with all of the government identification requests when opening up accounts or sub accounts. Never debate with them...give them what they want. :D wrbtrader
  20. wrbtrader

    IB: accounts in two different countries?

    luisHK, Thank you very much for the info. wrbtrader
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