Search results

Going forward...if you were to switch brokers again...would you demo or simulate trade for a few days or weeks to familiarize you're self to the trading platform prior to going real money trading ?

Wow...even when you first open a trading account while unfamiliar with the trade execution platform or when you switched to a new platform considering you haven't been using the same platform since 1999.

It's NOT deliberate. Thus, a bunch of institutional traders aren't talking on the telephone, instant messaging and saying to each other..."lets buy/sell the price action at specific prices to form XYZ pattern". Yet, its well known that some institutional traders have conspired to control price...

Is there a reason about why you don't use stop loss protection ? If you think they are not useful...did you backtest not using stops ?

This is similar in other countries too. Yet, gotta be careful if the person is the type that's not good at putting profits into savings/retirement program even if they know it will lower their tax burden and ensure something is there for them at the end of the road (retirement, pension...

VaheV, Thanks for the documentation of your trades. How much time does it take to prepare your trading video for Instagram per day ? Do you turn the video recorder on when you know you're about to take a trade or do you just leave the video recorder on the entire day you trade and then later...

Thanks for the info.

You said you do not have a "full-time job"...is that another way of saying you have a "part-time job" and what's your "1st account" ? I ask because I recently read somewhere else in which someone said something similar but refer to their question involving a "3rd account for swing trading"...

Maybe the tax codes have changed. Thus, I could now be wrong but that was the case years ago. For example of a change...they now address part time traders whereas in the past...they did not. Regardless, a tax accountant that specializes in "trader taxes" will clear up any misinformation or...

If you have another job and its your primary source of income...it doesn't matter the number of trades you're doing...you will not be approve for trader tax status. My point, there's other variables involved than just the number of trades and you should see a tax accountant that specializes...

Not true considering the typical retail trader (that fails) is hurting more than just their wallet. Maybe the same qualifications should be required as those institutional traders working for a financial institution ??? Regardless, not a big deal today considering to become a retail trader...

There are restrictions in place but poorly designed or easy way to get around when opening a trading account. Regardless, like I said...requiring exams to be passed won't fly over with brokers that are dependent upon that revolving door of traders. I remember after the Atlanta shootings...

I've always stated that traders should be require to learn basic things like risk management, issues about proper leverage & margin and such after opening a trading account and then be require to pass some kind of test on these issues. In addition, maybe us even required to pass a simulation...

Hmmm, you state you know for fact you're more profitable trading Emini NQ futures in comparison to Light Crude WTI CL futures and you're now wondering what to do ??? This reminds of that trade journal here at ET in which the guy was making 2 - 5k every morning while trading the Emini futures to...

I myself believe the same...even back when it was around 500. :wtf: Yet, regardless if its going Up or Down...nothing illegal about trying to take advantage of it. In fact, if I had a strong bias its going to collapse, drop significantly or anything like that...that too can be taken of...

My grandpa has issues with the Dow when it was at 6,000. I remember people saying "buy the dips" or "easy money" or "you're not going to get rich but you can make a little money" and so many other cliches. He himself once stated they are stealing our money. I didn't care if he was right or...

I've purchased a few things in the past with Bitcoin. Yet, it always reminded me of the plumber, tutor for the kids or auto shop that tells you "cash only". :p I just assume those that did that were controlling how much income they reported to their government tax.

IRS on their back because they can not tax it when its used for payment of service ? I think there's a 20k exempt threshold. Although I'm not sure how the IRS handles someone doing business in Bitcoin and then wants to "deduct" their expenses involving Bitcoin. Seems like one of those things...

You gotta admit to one thing...after all the bad news, arrests and problems...it still goes higher. Reminds me of the Dow and S&P when my old many showed me charts of them when I was a kid in the 70s. Some start to scream manipulation, cheats, worthless, its going to crash, it doesn't help my...

There's a few journal threads here at ET where members vaguely mentioned the "lack of support" from their spouses and the impact it was having on their trading results...the pressure, stresses and such. They made it seem like it wasn't a big deal but the fact that they mentioned it here and...