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BillySimas: Don't be too discouraged by the nay-sayers. In TraderZones' world, 99.99% of the traders are good for nothing. And perhaps we should all commit suicide. Yes the odds of success are against you. But everybody has to start somewhere. If Edison was discouraged by his thousand...

I think Uncle Sam needs to have his cut. :) I like the suggestion about dividing the total capital into X parts and allow for multiple incarnations in this trader's life. But I think $5k for each incarnation may be a bit small.

Billy Simas: Just to help you further - because you seem very levelheaded and down-to-earth... just to spark some thoughts: You mentioned that you cannot trade at work because of company rules. Understood. You also mentioned that you have some semi-automated trading strategies. You are...

No I haven't until today. Thank you for the explanations. I thought volente_00 meant "what is your monthly net" (net saving).

I think in your situation quitting your $50k/year job to trade for a living is extremely risky. 1. You are very undercapitalized. $10k - which is not even enough to meet the requirements for Pattern Day Trader - can burn very quickly. Then you are in a situation of having no job and no...

A typo I am sure. But very funny. Sorry... carry on...

I agree with christianhgross that your social life will be affected. Not sure if to the extent of totally shot but definitely would be high impact and would take some getting used to. I had traded the US stock markets while in China for a few months recently. The US markets open between...

Okay, cgeorgan: I will respond to you because you are very courteous in your posts. I am not responding to those who do nothing but chastising. I don't know how others use their multi screens. I can only tell you how I use mine. I follow and actively trade about 5 stocks, day-in...

ET is no place for sensible intellectural exchange, just a place for name calling for people with strong opinions behind a computer screen.

Sorry. Just a clarification: Are you saying 2008 is NOT a volatile year?

Different people trade differently. I happen to have 21 screens in my home trading office. No I bought them all with my own dime. So by looking at those pictures, and "ridiculous" is the immediate reaction. You know exactly how they trade and that they automatically lose money, right?

I have done this kind of command-center like built-out projects before. While businesses succeed and businesses fail. Doing this kind of projects is not your typical ET poster boy living in the basement with his parents.

Like Long Term Capital Management, that they don't lack PhD and Nobel prize winners and massive supercomputers, that they and system traders like them must make a lot of money doing algo trading, right? What is this with people making an absolute verdict just by looking at one set of pictures?

If we look at each coin flip independently, then the outcome for the next landing (assuming a fair coin) is 50/50. But I think if we examine the history of the recent coin flips, then the odds of the next outcome changes. For example: if the casino lets me only bet occassionally and not at...

We traders thrive on volatility. 2008 was a great year for trading, especially in Q4. It was common to see Dow swinged 400-500 points a day. As 2009 went on, volatility grinded down quite a bit. Dow doesn't usually swing over 200. I don't believe we are in a high volatility right now...

Luck - you cannot repeat it. Still - you can repeat it. If you get back below break-even, it was probably luck. If you start to get positive consistently after breaking even, it was probably skill.

I am not sure what futures you have traded or plan to trade. You are assuming the spread - the difference between ask and bid - is at a minimum movement of 1 tick. Take a look at the e-mini Dow. The spread is at least 5 Dow points (5 ticks). Unless you trade the e-mini S&P. When you...

I am not sure why you used the term "drawdown". Drawdown: Definitions of drawdown on the Web: The Drawdown is the measure of the decline from a historical peak in some variable (typically the cumulative profit of a financial trading strategy). en.wikipedia.org/wiki/Drawdown_(economics)...

A simpler version is just to use the pair of tags: Around your picture's URL.

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