Search results

These few sentences here show one thing: you are a social retard. You clearly don’t understand what I wrote, I never said YOU should go to New York (I don’t think you’d last there in any case, nor in Los Angeles). And it’s not a language barrier for sure, virtually all Indians I know speak good...

For sure I don't dispute that I'm wasting my time in one sense, but I have in some ways an axe to grind when I see certain behaviors and attitudes. Part of it is me arguing with a much younger me perhaps...

Back when I did it they gave you a month and if you didn't hit the target you started over. But that was many years ago. Either way you're out the monthly fee for each month. I took a look at their rather extensive terms and conditions and it certainly gives them a lot of latitude to do this...

Just for the benefit of our friend here Padu, I did some more research on India and TopStep trader. Well, I continue to maintain that TopStep is really a bad idea. They set it up in such a way as to make it darned near impossible to succeed for the simple reason that there is a time variable...

By the way, I also encountered a difficulty when I was starting in that I was hoping to land at a hedge fund or prop trading firm like First New York. Unfortunately I got into the game too late age wise, I didn’t have the school pedigree or quant background that recruiters wanted. Hence I never...

It seems you’re right. Well, in that case, you really have to make a difficult decision: find a way to work around this somehow through someone else (e.g. set up an account in the US in the name of someone who doesn’t fall under those restrictions) or focus on what you can trade in India. I’ve...

You have enough money to do TopStep trader but not enough to put together an account for MES? In that case… stop doing TopStep combines. Save up the money you would have wasted with them. Spend a LOT of time studying charts. When you’ve saved enough money to do MES, you will have already done...

I take you to Jack Schwager’s quote on there being a million ways to trade. You can take many different approaches to the same available information. But those approaches need to be found, and it is not easy. Fortunately market concepts are pretty well researched. You need to find one or two...

This is a very important question to answer. Because if you don’t have capital you don’t have a business. And let’s face it, if someone asked me to open up a steel mill, I wouldn’t be able to do it. Not without getting a consortium of investors and banks involved. I also started with little...

Watching live charts is important. As is looking at past charts. If all you do is watch charts live, your memory isn’t that great to recall many multiple examples of price behavior. You forget rather fast and your brain can meld memories in a way it finds convenient. That is why we look at past...

I don't think it would make a difference, because the problem is not in his ability to make profitable trades. Anyone can for a string. And someone with a solid method can have a string of losers. Maybe even a bad month (happens to me).

Priceless, I think most people my generation associate that song with this clip!

I have no problem admitting that I am a flawed trader. I'm a flawed trader no matter what my PnL is saying, and those flaws can become amplified all of the sudden. That is trading. The moment I stop believing I'm a flawed trader my next big drawdown is just around the corner. Another matter...

The pot calling the kettle black...

I really have no interest in doing that. I'm not in a pissing contest to prove anything and frankly, even if I tried to teach you, what others say here makes it clear I'd be wasting my time.

Padu, actually the reason I'm discussing you is because you are offering the rest of the community a valued insight into what constitutes failure in the markets. I actually feel sorry for you in that you are stubbornly pursuing an endeavor that, given your approach all these years, will not...

Yes, but the liquidity on them generally is not as good as the full size so you can be in for some good slippage for trading intraday. MES by contrast compares favorably to ES. Getting back to the OP, I don't know what your objectives are, but if you have enough money to PDT (or can arrange...

The PDT rule is silly, but who ever said the SEC knew how to make logical rules? It's so bad that if you opened an account abroad, the long arm of the SEC prevents foreign brokers from allowing US citizens to PDT. American hegemony at its best... That said, $25,000 today isn't what $25,000 was...

I’m willing to bet anything you have not/cannot: * Define your edge in any way. * Define your money management rules. * Define the market conditions that favor your edge. * Know when your edge is weak and when to stay out. * Know what kind of a drawdown is typical with your edge. * Have...

Anyone can open up a trading account, as long as they have the money. That doesn't mean they have a 'chance' at pulling money out of the market over a large series of trades. Padu doesn't have an edge and he simply WON'T put in the work to find one. Finding an edge is hard. It takes a lot of...