Search results

Undercapitalization is the number one reason for failure, and you are below even the bare minimums. There is no sense in blowing out your funds by trying to actively trade at this stage, because that's what will happen. Save your money and grow your account, and prepare for trading later...

I was under the impression that begging and panhandling was illegal in New York and New Jersey.

You're certain your charts are right side up?

I'm happy to see that somebody besides me sees the parallel with Carter and Obama. Selling hope without substance, after a period of national malaise. Those who don't study history are condemned to repeat it.

Obviously, no one keeps statistics on the success or failure of traders. (With the possible exception of prop shop owners, who ain't saying.) To do so would require some sort of registration or tracking mechanism. God forbid. But I think it's fair to say that of 100 people who start on the...

There are software packages available that will let you backtest any scenario, and build a system around the results. I use and recommend Investor Rt at www.linnsoft.com. For about $100 a month, you can get the backtesting/charting package with a data feed from another vendor. Cancel any...

Buy this book, study it carefully, and you will cut your learning curve substantially. One of the very few books written by people who know how the market moves intraday. Techniques of Tape Reading by Chris Schumacher & Vadym Graifer

Why? After spending two minutes reading her "blog", I can tell you it is a load of crap. Typical mumbo-jumbo designed to take money from trading wannabees. In my next life I want to come back as an FTC commissioner, whereupon I will shut down every web site and TV infomercial that EVER...

That's about the right timetable. But new people entering the 'business' never want to hear it.

At first glance, this may sound like a truly ridiculous suggestion, but it worked for a friend of mine who was having a very difficult time once he got to the point where a .25 move was pretty serious dollars. He opened two equal accounts at IB and linked them via a master account. So each...

Aside from the issue of your 'system', which doesn't sound like a great one....the WORST way to play it would be with options. Highly unlikely that with the small moves you will get in the underlying, you will overcome spreads, decay and commission. The best way is to buy/sell the ES...

I certainly buy the concept of risk aversion and intraday leverage. However, in the case of GOOG, given a 400+% move in the stock, I'll lay odds that you could have bought the open on any random day, held to the close, and been better off than your strategy. I'm simply making the point...

As detailed in your spreadsheet, Buy and Hold for this period was 427% on Google. But your strategy profit was 35%. So if you had simply bought 100 shares and let it ride, you would have been far better off, with no work at all.

You mean you can't write a Bush speech by now, after 7 years of him? :mad: He's been recycling the same speech. Over. And over. And over.

Because the people of the middle east are very racially and religiously biggoted. Just like the rest of humanity. They're great at supporting their tribe or sect. But if you are outside the boundries, forget about it. Unless you can bring something to their party, and that doesn't...

I have conquered my fear by starting every day with negative expectations. In this way, no matter what happens I come out a winner. :cool:

You should not act on an indicator. You should act on price action. An indicator will simply get you in the ballpark and sometimes help to set up your entry or exit.

The best light you can put on your past situation is that in trading the very best lessons come from taking losses, and learning from the experience. You learn a hell of a lot more from failure than from success. You success in the interview will depend totally on your attitude about your...

Note, of course, that the week that Cramer was calling for a "new bull market" and telling his viewers to buy, was the high of the past 6 months.

Oh, I so love the smell of napalm in the morning.