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You sound more like an accountant than a trader..

Your math is too complicated: Here are the rough numbers. Total invested in the first 6 years: 25k. Lost -20k. Left 5k in leaps. Year 7th: gain +15k. Account total 20k Year 8th: gain +14k. Account total 34k

Do you mind sharing which prop firms that you have experienced with ?

Sounds like quite a few benefits as a pro. May I ask which region do you live ? In the States, the costs of being pro are : 1. Have to pay expensive for brokerage quotes ($100 - $200/mo). Some brokerages only feed delayed quotes once they know you are pro. 2. Have to take FINRA exam (series 56...

Yes. I lost a lot in the first 6 years. Nearly 80% of total. Decided to leave the rest in leaps, hold, and quit trading. Then on year 7th, miracle happened. I gained all those loses back. Year 8th gained some more. Yep, the Market does ordain by fire.

Clairfying, do you mean they dont have neither the experience nor great trading platform ? (I am sorry I dont quite get your triple negative statement. however-not-not)

Other than for extra buying power, why should someone going pro by joining a Prop Firm ?

Once I go pro, can I easily switch back to non-pro ? (by leaving the prop firm for example)

Hello Elite Traders, Why should someone be a professional trader ? They have to pay extra for quotes and be heavily regulated as oppose to stay as non-professional. I have been trading part-time as non-pro for 8 years. Have been consistently making profits in the last 2 years. Should I go as...

Starting a thread to compare Quote Feed latency here. What is the best value quote service that provides lowest latency with a decent price ? My Location: California Provider : Penson / MBTrading Latency Futures: ~3200 ms Latency Stocks : ~3200 ms Price : Free (Included with brokerage)

After reading and re-reading this thread, it dawned on me that the ultimate purpose of speculators is to reduce the risk of real producers. It is an answer to the "pondering" question that benwm brought up on page 2. Producers, i.e. farmers and miners, constantly faced with speculations. What...

These are two sharpest points I have seen in this thread so far. Yes, I do see farmers in third world country went out of business. Deciding what to plant next season has become a constant speculation for them. If they are wrong, their price went to extreme low, and their business are out...

They are not automated tournaments, are they ?

Dear logic_man, I was about to think that you use profanity to compensate an intellectual deficiency in conveying a precise meaning, but your second post proves me otherwise. You do bring some substance to the table. And no, I am not the Attorney General of the United States, so I am not...

This thread gets more interesting. Let me play devil advocate here. Real price is discovered when real supply meets real demand. Real oil price would be discovered when airlines meet oil companies. However, speculators does not take nor give physical deliveries. Thus, they are producing...

So would you say that speculators are screwing up this primary hedging function ?

Hello Elite Traders ! I am coming from trading stocks and options, and currently learning about the futures market. I am having a difficulty in understanding the philosophy behind it. The role of retail traders like us is Speculator. In stocks, the more the speculators, the higher the...

No such tournament ?

I understand your urges deep inside for trading. Here is a solution for you. You can always trade a DEMO account. Trade with it, make your strategy perfect, write an automation, whatever. By the time you are ready, quit your job. Then do a real trade using your perfect strategy to...

After more than 3 years following earnings, I found that Earnings Report day (ER) is a pure gambling time. Too many times a good company with good earnings got its stock crushed and vice versa. Before every ER, I bet the news media have written two narratives, one praising version for up and one...