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  1. wrbtrader

    Is active trading a viable job for an individual?

    Actually, I made no "friendship" connection between employee/employer but you did respond to me instead of responding to someone else. Too many traders try in error to trade from their other job. I can understand someone that's a swing trader or long term postion trader or holds...
  2. wrbtrader

    Is active trading a viable job for an individual?

    Here's an example. We had an ET member with a day job as a sales rep for a mortgage firm. He had a private office. Instead of doing sales...he would retreat to his private office and day trade stocks on company time. He got caught not doing the job he was hired to do and then he was...
  3. wrbtrader

    Is active trading a viable job for an individual?

    The point is that someone should not be trading during work...they can trade other times of the day that does not conflict with their job. Yet, after backtesting and they determine their trade signals only appear during work...they will then need to adjust their job schedule so that they can...
  4. wrbtrader

    Is active trading a viable job for an individual?

    Backtesting should always be your starting point in designing your trade strategy especially with today's technology at. Next, paper trading / demo trading should always be for putting that backtested trade strategy into a trading plan along with learning how to use your broker trade execution...
  5. wrbtrader

    Is active trading a viable job for an individual?

    Exactly...many people don't realize they have many options to test the waters sort'uv speak. 1) Keep their job and trade before/after work. 2) Keep their job and trade on vacations. 3) Keep their job and take a leave of absence. 4) Keep their job...change their schedule so that they work on...
  6. wrbtrader

    Any good live forex chat rooms?

    You need to explain in detail what type of forex chat room you're looking for beyond just saying upaid or paid service. For example, I'm going to briefly list a quick summary of forex chat rooms I know today and each type caters to traders with different needs in comparison to other traders...
  7. wrbtrader

    How to identify Choppy days

    You should post a chart of that chop you're talking about that generated trade signals for you when you were using ATR and MACD. Don't misunderstand, I'm not talking about hindsight charts...I'm talking about charts as it looked like on your monitors when you were trading that price action in...
  8. wrbtrader

    does it work

    I recommend to any profitable trader to diversify their trading income because markets always change. Those changes will produce durations where your trading of the Emini ES futures will under perform your normal statistics and you will then need to decide to trade another trading instrument...
  9. wrbtrader

    does it work

    Seems like an odd question to ask strangers. I highly recommend you just backtest your strategy and then trade with a small size on Eur/Usd currency or EuroFX futures to determine that answer yourself. You'll mostly likely trust your own results than the answers of strangers. In fact...
  10. wrbtrader

    Best Tips To Avoid Being Stopped Out In Futures?

    The other side of the problem as discussed in a congressional hearing is the predatorial practices by brokers that saw it as an opportunity to bring in new small traders that couldn't trade stocks because of the SEC PDT rule. Today, its a key advertisement tool by brokers that frequently...
  11. wrbtrader

    Best Tips To Avoid Being Stopped Out In Futures?

    Easiest solution is to just improve your entry strategy and/or improve your analysis of the price action you're trading. Anything beyond that depends upon you disclosing more info about how you're managing your trades, trading system itself and what you're trading. Most leaks as you've refer to...
  12. wrbtrader

    are trend lines self-fulfilling prophesies?

    Trendlines do not cause "market behavior". Trendlines are a timing tool and they can "help" identify different types of price actions. Hundreds of different ways of using/drawing them. Draw enough trendlines to cover your chart...price action will eventually bounce off one of them. You can...
  13. wrbtrader

    Canadian, do I have to pay US taxes?

    If the money is your sole source of income and you bring the money into Canada and deposited it into a Canadian bank although the money was originally U.S. profits...you have to pay taxes here in Canada. Go get a tax accountant (not H&R Block) that's familiar with taxes for canadians doing...
  14. wrbtrader

    Develop and follow a written trading plan

    Its not a website outside of ET...its a thread here at ET @ https://www.elitetrader.com/et/forums/journals.29/
  15. wrbtrader

    How many accounts do you keep?

    Day trading, swing trading and investments...all via different brokers (different countries). Simply, don't put all your eggs in the same basket because if something goes wrong...you don't want everything to go wrong at the same time. wrbtrader
  16. wrbtrader

    Develop and follow a written trading plan

    Yeah, I thought you were posting your statements to show that you "do" have a trading plan and that when you follow it...you're profitable. I was just curious about what happen to the other thread (journal section) that Baron allows for members to post their brokerage statements. At first I...
  17. wrbtrader

    Develop and follow a written trading plan

    Why should he be interested about what other traders are doing (performance) ??? Those that are into that thing...they usually doubt the performance of another trader. The worst ones will demand monthly, yearly brokerage statements even while the trader is posting daily statements. After they...
  18. wrbtrader

    Self employed day trader in college

    Absolutely correct. Yet, the only thing he can do via going backwards is if he had been trading through a business identity. I'm sure after he gets professional trader tax advice and his taxes are filed correctly...he'll be better prepared for the next tax year especially while working...
  19. wrbtrader

    What are the most important things for Technical Analysis?

    What are the most important things for Technical Analysis? Don't use technical analysis all by itself because there's reasons unrelated to TA about why the markets does what it does. wrbtrader
  20. wrbtrader

    how did successful traders learn how to trade?

    You should be able to discover if your system is viable prior to any real money trades via backtesting and then simulator trading. If it doesn't work out in backtesting and then simulator...start over again...keep repeating until you find something that works prior to any real money trading...
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