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Is TVIX going to zero? LOL. I own some of it at levels which I thought was "cheap". It's certainly a lot cheaper now. Fortunately, it's only a small part of my total portfolio. But still scary watching it going down every day..

I can totally relate to this. I'm in this bucket. I've finally achieved net profitability and some semblance of consistency in my short-term trading. I thought this day would never come. But as I've said in my prior posts, I have a well-paying FT job in a high growth industry that I love...

Yes, that's what I mean. If you had bought at the highs(which this year is), the risk is even higher of ever making back even. You might have to wait years. Actually doing a bear market, if you are a superduper long term investors then it's probably better to buy. But I'm a short-term swing and...

Looking at these historical annual returns of the S&P 500 reminds me why academic finance recommendation of just investing in the market index(e.g. Vanguard S&P500 fund with superlow fees) for the long run works. The worst of the bear markets last for "only" 4 long years 1929-1932. The typical...

I use FundSeeder to track my performance. Great service and FREE too! I hope one day I'll be profiled in his next book. I'm FAR, FAR, FAR from being a market wizard. Making steady progress but far from being one...

Daytrading is a rather expensive education. I would say in some way more expensive than my top tier private college education! But after having learnt it, my execution is rather precise. Much more so than a regular swing trader. I enter at a price that's pretty close to optimal most of the time...

That's an interesting theory. Where did you hear that? I haven't read that anywhere on the net. I think the bots were well alive and on during that time thus the EXAGGERATED moves. Bots probably kept selling which induces other bots to sell which induces trend followers to sell which induces...

Just made another $1553 in an hour and change since the market is open. And it's not even night time yet. :)

This is over 3 different accounts: 2 of my own(one regular and one IRA) and 1 acct(for a family member). I took screenshots from my IB account daily activity statements. Acct1: $9905.64 Acct2: $6686.20 Acct3: $884.18 ================ over $17K and change. These are NOT that big of accounts...

You have a good point. That's why I have been reluctant to automate my trading style/strategies. I think to fully replicate it and improve it will easily take 3-5 years. I have a FT job that pays well. I only trade on the side. But it's worthy goal to pursue in the long run

Just a quick update. I made about $17K Thursday night trading futures after the BREXIT news. I still haven't had the chance to automate anything. Just busy with work and family and do the occasional trades. :)

I bought a nice trading system from them in January of this year. It works perfectly. Very nice system. Stable. I don't use it for anything else except trading. For other stuff I use my Macbook Pro.

You guys are right. The deal does NOT make sense to me unless they scale my allocations up very quickly. Else I'm just making money for them and only getting back 50%. I'm making money now on my PA and I don't split it with anyone.

No, they are giving me $15K as a starting balance. I put nothing down($0 deposit). 50% is on any net profits. The reason I'm seeking outside capital is I want to scale. The promise(yet to be seen) is that if I trade well, the allocation will scale fast and potentially significantly more than my...

Those are good questions to ask and consider. I have a FT job that pays well. This prop deal is for me to trade whenever I want to. So, I just trade an hour in the morning before work. And I can still trade my own account(s). My main question is the step up plan. I want to know how fast they...

So, you think I should sign it? I'm hoping on bigger allocation over time depending on performance....

Sorry, I was NOT being clear. This is FULLY backed prop deal. The $15K is THEIR starting balance. I put $0 money down. What I meant is $15K of THEIR starting money is still SMALLER than my personal trading account. So, does the deal still make sense? Please note: I'm NET PROFITABLE in my...

I valued your opinion. Please let me know what you think of this prop firm proposal to me: 1) Starting balance: $15K (My personal account which I'm now net profitable is significantly higher) 2) Initial Withdrawal balance: $18K. You gotta make $18K before you can withdraw $. 3) Profit...

You HIT THE NAIL ON THE HEAD! That's exactly the problem. So, when I trade right it's fine. Then I started scaling up. Perhaps too fast. From 1-2 lots to like 5-10 lots! In a recent situation, I have 2 accounts. Holding exactly the same positions and amount of lots, but one is for daytrading and...

So, let me recap: 1) Work hard at automating my strategies. I think this is the best choice but it will take the longest. I will give it 9month to a 1yr to replicate the way I really think and trade. Maybe it will be shorter with some help(experienced programmer). 2) Swing trading: So, this is...