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    Playskool My First Trading System

    It is not "time" it is definite. No one should be losing up to 20% of their money in one day It is not money management. not stop loss or profit objective problems. It is that you are WAY over-leveraged at 2 contracts. You should be satisfied with 1 contract for quite a while. At...
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    What is the best compression tool

    winzip is probably the most widely used
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    OK, apparently IB is clueless...

    one day, there will be a catastrophic event - even just a story published something like Pakistan nuked India. Sort of like the accidentally published (news was 6 years old) story about United airlines declaring bankruptcy. These seasoned traders who use extreme leverage will become bugs...
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    How do you structure yourself financially for trading full time?

    On a Federal return, an LLC is a disregarded entity. You file Schedule C as if you were a sole proprietor. The capital gains and losses go on Schedule D. This is what I said above. You put yourself as unemployed, and your cap gains/losses go into your tax return. So there won't be anything...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    well, so much for you being taken seriously
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Fib is a complete and total waste of time. Several serious studies of fib levels and round numbers proved they are no more useful than any other level.
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    What is your definition of a "reversal"?

    agreed. trying to pick tops and bottoms is what amateurs do. Trying to take a slice somewhere out of the middle is where successful traders generally concentrate.
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    How do you structure yourself financially for trading full time?

    Quote from dethkultur: First of all, that's not true. An LLC is a legal entity, but profits and losses get passed right through, and you pay taxes on them as if there was no LLC. So, capital gains are still your capital gains. What's not true? You obviously didn't read what I said...
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    How do you structure yourself financially for trading full time?

    I owned an S Corp which is similar to LLC. And it was through a CPA. You are quite misled. LLC distributes profits to its holders - it is passthrough. You cannot "hide" profits. It is wages to the owners, just as if you had a job. And worse, you are paying the FULL 14+ % of social...
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    How do you structure yourself financially for trading full time?

    An LLC does not really offer a trader much of an advantage. It complicates your paperwork. Declare yourself as unemployed, and your gains as capital gains. You avoid the social security and other self-employment levies an LLC pays. Also, if your profitable, maximize your funding yearly of...
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    Track record for raising capital?

    I don't deal with hedge funds, but worked somewhat indirectly with them at IBs... The only figure I ever heard, was 3 years worth... And that is AUDITED. I would recommend using at least 2 unrelated methods: --- A separate, traded account at a respectable institution. Stay away from...
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    Why $147 Oil.....Maybe Some Answers

    unless alternatives are found, the amount of oil flowing to Chindia and other developing countries may make $147 a barrel look cheap... people get richer, and they move from bicycles to cars, they buy more manufactured goods, travel more, get larger homes, etc.. India has as many children as...
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    Huge List of FOREX Tutorial videos

    "Good"?? You mean, profitable? Great, then where is this site's audited track record??? There is a lot of amateur sites (including brokers) who have a ton of trading for dummies resources. Little of it will make anyone a successful trader. And the forex is the last place a newer trader...
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    OK, apparently IB is clueless...

    They are so clueless, that half the people here who have accounts use IB. They have 311 comments on the broker page; the next highest is 54. People complain so much, because people use them so much. They definitely must be doing something wrong.
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    Michael Dell bought $100MM of DELL a few days ago

    C is the correct answer...
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    Fannie and Freddie CEO'S Receive $9 Million and $14 Milliion Severance Packages

    then its time to manage your own money.
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    one thing about LEHMAN BROS--READ

    I trade futures, but aren't there Lehman put options available?
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    Mark my words here...

    sounds again like trader28. Stupid, self-centered, dumb, clueless, pompous, dweeb and moron. And these are his good points... Time for the ignore switch for this dummy...
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    My rules for good trading & live calls

    Quote from kxvid: I managed to turn 16k into 60k papertrading during the commodities boom. So did everyone else who moved in to commodities as an asset Also Ive done backtesting, using wealthlab software. I coded a few systems, and learned alot. Ultimately, I gave up on it but glad for...
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    URGENT question for Joe:

    time to put ghost on ignore... I will enjoy the quiet
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