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Yes, but a few of these firms, for example Earn2Trade and Topstep, actually put you on a live account when you're funded. Effectively, what this means is that if Sekiyo earns $410K and withdraws that from E2T or Topstep - he's withdrawing profits he earned in the market in a real account + E2T...

Well, my view is not that all self-learners are doomed to failure. I just believe that the typically quoted high failure rate for retail traders is very real and the smaller your timeframe or holding period the higher it is. It can most certainly done, but it seems to me that it requires a...

Okay. Good post. And I do agree. I'd add one more thing from my prior post and say that there's a strong correlation between psychological factors and the amount of discretion involved in your method. If you're fully mechanical and even fully automated, there's little to none human intervention...

Humbly, it seems to me that focusing on psychology is often putting the cart before the horse and that it's generally overrated. If someone have a system/methodology which works great through back-testing, forward testing and simulated trading, but fails in live trading, it's likely that the...

Yes. Agreed. However, without any further guidance the neophyte will pretty much end up on the same path as everyone else not really going anywhere. Which is why your advice would carry more weight if you could indicate for the neophyte reading how to proceed and what is the right path to...

This may very well be true, but without further guidance, I'd say the chances of a retail trader learning correctly on his own is close to zero which is why I'm comfortable discouraging newcomers from even trying. For example, there are countless examples of people on this site studying Al...

Looks like a leg lower into the Close today, yes? 4493. Wrong if we trust above 4115.

Summer holiday at the moment, so just following the moves in between. Wouldn't have carried anything into CPI anyway.

4500 tagged. = )

Actually, I forgot another point. 4) Don't put any capital at risk until you're successful in demo. There's a time to start live trading, but for most people one should trade realistically in the simulator (with minimum size and realistic stops/targets) and only go live after showing oneself...

I know I didn't. And it took me way too long to realize both that and how 99 % of posters and gurus on ET just ain't profitable, yet they love to "teach" and preach. Same thing with 99 % of educators and vendors elsewhere. Now, I'm not saying it can't be done. It just requires an incredible...

The best advice you'll ever get is forget about trading and don't even try. The chances for a retail trader on his own to make it in short-term/medium-term trading is slim at best and would require years of work unless you're some kind of trading savant (most ain't). To make things worse...

This @tag functionality does not seem to work on my end as I just saw this by chance. Maybe it's a setting I need to trigger. I think I saw someone else tag me in the past and never received notice of it. Regardless, your chart isn't showing up on my computer. :)

If you can't beat them, join them... :) Maybe it doesn't make sense. Maybe it does. As long as prices are rising I don't mind buying.

Friday closed where it opened, i.e., at the bottom of the range. The last 6 times that condition was satisfied a smaller correction did indeed follow. There are exceptions, though:

Wednesday is an eternity for a short term trader. :) Regardless, we can easily see 4500 this week.

Didn’t check that. Logged off for now. Regardless, I agree with Georpe that RTH is what matters. :)

Might be better to stop out and re-enter at lower prices if the market breaks? 4419 is last week's low. I would guess we exceed that if we trade down there.

Should bounce from here (32). If not, wrong template... :) Probabilities favor up, though.

LOD most likely in. 4455/4460.