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Spoken like a true veteran of this profession. Some things can be taught... most things must be learned. There is a big, big difference between the two. Aspiring traders blindly searching for a "system" that they can backtest with two-bit retailer's software to find an edge are so far lost...

The most successful traders I know are supremely confident. Ultra-confident, even. But do not confuse the emtions of cocky, bravado or arrogance (aka over-confidence) as they are all just social masks, manifestations of fear itself. In other words, all successful people are extremely...

sounds to me like you have roughly -$4,800 left of fun to go... you'll sure be there in a hurry :cool:

A person has to get up pretty early in the afternoon to pull one over on you, rcan

Sure they do... because ET is such a target-rich environment filled with people just like you. * The OP forgot to relate this part of the story: "While waiting for my next imaginary trade of the year, my pizza delivery order arrived. I opened the door to find three busty co-ed blonds...

Given a choice, I'd trade the final two hours each day and nothing else. During "normal" markets (whatever that is any more) afternoon trend moves are clearly telegraphed by 2pm est or later. Not much of that in 2009 so far. The afternoon turns to megaphone wedges and chop-slam without warning...

Not with a real futures broker... same margins for 6E or 6Y as ES If your broker doesn't offer $500 margins for these contracts, you can do better elsewhere

With all due respect, the sheer odds of probability state that any individual here is a failed trader, unprofitable. That broad-based law of large numbers includes you. Secondly, public message boards have an unusually high population of frustrated, flailing traders. Heck, that's the very...

why... do you then promise to join unconditionally?

they all say two things: kill the ET spammers, or trading is a fool's game and everyone here who thinks they have a chance to succeed are fools. pretty much split down the middle, bi-polar

rcanfield before = traderzones now. you're a mod, paw thru the history of this site and make your own determinations about who to hang out with :cool:

Do you have any idea what the really big "educator" operations earn annually? Again, there are only a small handful of those for the same general reasons only a small percentage of traders earn seven, eight and nine figures annually. Some of the educators out there are people who have reached...

Let's say someone here decides to start a live room operation next month. They've traded the ES for x-number of years. First two years were unprofitable. Next couple of years were mildly profitable. Last complete year was very profitable, with nine out of twelve months green and three remaining...

I'm not sure what your final answer is here. Does that describe an attempt at business for profit, or does it describe 100% charitable hobby? The difference would mean whether time spent training for "free" had backend profit potential or not.

I read the book myself, ten years ago. I've had big days and huge months, black and red. Pretty much experienced the whole gamut in this profession. After that, I'm settled into a pretty comfortable niche. I watch two or three symbols intraday, the same ones every day. There is no nightly...

No he didn't... he taught them with hope = expectations some would be successful in his prop business for profit, whereupon he'd profit exponentially from "free time" invested with them. Unless I'm wrong and the payout was 100% to traders from day one and hobby was run totally non-profit by...

Not many traders average +$30,000 per day. Ya see, there is this mistaken perception that traders either lose money or make zillions... no one exists in between. What about the guys/gals who average +$300 per day? Is there anyone here in this forum who would be happy to accomplish that...

I assume your former boss started the prop firm as a hobby even though he didn't need the money. So, he gave 100% payout to the traders? He ran it as 100% charity operation with no personal desire to profit one dime from the venture at all?

Yup... agreed 100% to all that plus the blah-blah-blah I'm 44yrs old/young. However said, it's relative to whether you are younger or older than that. Twenty years ago you might have almost interested me in the massive effort = grind it requires to make the highest echelons of trader...

OK let's start from there. The owner of a prop firm made $5,000 per day. Nice money, but a lot of us here have done the same or better. Many times. By your admission he has buddies who are knocking down ten to twenty times his rake. Why then is he wasting his time trying to run a prop, when...