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The critical error in that analogy (and this is not a FA vs TA issue at all) is that any financial market operates as a predatory market, with winners taking from losers. Change the game of roulette into a quasi- parimutuel system of betting where each number 00-36 on the wheel expands or...

If you don't have time to trade it full time due to your day job, then you definitely did not have enough time to put in the screen hours necessary to know what you are doing. Hence, you are here asking. And if you have to ask . . .

Silk Road going down was a shame :)

Thats the problem with short-term or intraday trading today (or more explicitly so than ever before), what makes sense usually doesn't make you money. The programs have skewed the risk/reward profile in this time frame to heavily handicap the independent risk-averse trader. If you are a...

I would argue that the concept of luck doesn't really apply in markets and trading, given that markets are always changing and that each real-time setup has a virtually unique set of conditions. The mirror-image of this would be the concept of skill in a game of pure chance with a fixed set of...

Sorry, but I live a block from west 4th station and I can barely get to my office 2 stops away in 15 minutes, door to door. Jersey? Fugghedaboutit!! Only a rental brochure would ever claim that :)

Sorry but day trading and percentage returns don't mix. Unless you are exclusively trading the most liquid ETFs, daytrading is much less scalable than other markets. The good thing is that there are firms that provide high levels of leverage for those who have an edge; go max out your...

Thoughts? Does this have any impact on restrictions to insider sales, etc?

If that's a serious question, here's a serious answer: you may as well not even try.

cps - .043 ytd .03 12-month .11 for May :P

Can anyone recommend a good area/hotel to stay in London?

Taxes are a bitch. If I just counted gains - withdrawals for my trading between 1999 and 2005, I'd still be able to to claim a 1000+% return, that I was still "up" vs the market for that period. I never gave back more than 30% of my total peak gains, but after paying the govt, and...

The SPY was just sitting there when the news broke, for about 5 minutes actually 30-40 cents above the close. Made you think it wasn't a big deal. Now -1.30 lower

Sry meant 4:1 as in retail day trading margin.

The OP is in a tough spot given his time frame and capital if he wants to make a living trading. Swing trading with this amount just doesn't offer enough opportunities in a year to reach critical mass wherein one can comfortably rely and withdraw enough money to live on, all the while being...

Is bluffing conisidered manipulation? How bout an engineered short-squeeze?

For daytrading, I don't think this applies. Other time frames it would be far more pertinent. It's always easy in retrospect to take "top ten" stats and say what if. But the issue is, in real time you would be trying to apply 50x your normal bet size in a situation where you are not yet...

Subconsciously, a trader with negative edge realizes this and tends to swing for the fences. But in the long run the result is the same unless he learns something new in the meanwhile.

For daytrading? Seriously? That's like saying if the Lakers only played Kobe for his best 5 games every season the team would have a much better record. If your 10 best daytrades for the year net more than all your trades combined, you are in the wrong time frame. In any case, if you...

I'll say it before and I'll say it again: you CANNOT daytrade without the ability to focus your full concentration on the tape, not in today's markets (which are very far removed vs pre-lehman). It's just too damn thin out there and prices will take out any reasonably placed automated stop...