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There you go, perfect example: "6-10% on most days". What does that even mean? Are you telling me that you avg 30% per week, 120% per month......and over 1,400% per year???? Do you even realize how freaking ridiculuous that is????? So why the hell aren't you working at a freaking hedge fund if...

I would have never asked you to show me your statements. I am trying to have a serious conversation here. The facts that I have are that since 1990, the mkt has returned an avg of 11-12%. Given that that's when you started, and given that as you say you had a rough start, I am wondering if...

So is your daytrading your main source of income ? What are your returns for each year on avg, from the very beginning (1990) ?

Not edited at all, the guy is a class act, serious dude, no BS. There's plenty of more videos he posted from different trading days. Yet a few years ago he decided to quit saying intraday movements are not the same anymore, liquidity dried up and algos are messing up with predictability. My...

I guess the New York Times just picked someone "far from success with insignificant gains" back in 2010 then when he was featured in one of their articles: http://www.nytimes.com/2010/03/28/business/28trader.html?_r=2&pagewanted=1&

I hear you, however many would argue that 5 to 10 yrs ago it was actually easier to daytrade compared to today. Many prop trading firms have shut down in the last few years, blaming low volatility and HFTs constantly disrupting trends and adding too much noise. I personally know of at least 5...

That should ABSOLUTELY be your primary goal. Why? Because when you trade actively all odds are stacked against you. All statistics point to a very high degree of failure for those who daytrade. An active trader who manages not to lose money is rarer than most on this website are willing to...

Because I have all the rights in the world to give my opinion to the OP who is desperately looking for the perfect r:r ratio that simply does not exist. It is a futile search, a dog chasing its tail. No to mention, insanely expensive.

Assuming we are all in our early 30s, I know with absolute certainty that by the age of 60 I'll have accumulated more $ than any of you by simply value cost averaging every month in a low cost index etf, while you guys wasted all your years throwing $ in active strategies and insane amount of...

Btw, don't forget about the study that came out a few months ago by Fidelity when they looked at which accounts at their firm had the best performance. Surprise surprise, accts that belonged to either dead people, or people who forgot they had accts with them in the first place. What doe that...

BTW the only "real" Hedge Fund that Miami has had was Everest Capital, however it went bust with the CHF fiasco last month and they lost all their money LOL. I don't know if it says more about the quality of funds that are down here, or more about the Hedge Fund concept in general. But the...

Dude, we got it, clearly you are one of those who gets an erection every time you see a new tall bulding, however this is about whether or not Miami will become the next big financial hub. Let us know once you have something to contribute to the actual topic. In the meantime, I am sure you...

It ain't a rubber band people, it is a rope. You pull it from one side, it will get shorter from the other and so forth. Regardless, chop chop always shows up in the end and all the efforts to protect yourslef turn out to be completely worthless.

It might sound pessimistic, however ask yourself how many times you felt the need to tweak your strategy, how many times you thought you found the perfect parameters, just to see the market moving in a completely different fashion all of a sudden, forcing you to come back here looking yet again...

Nope, all relative, just a continuation of what started years ago and got interrupted by the crash.

Couldn't disagree more. Rule #1, don't lose money. Rule #2, never forget about rule #1.

That's nothing new really, been going on for the last 15yrs already. Miami will always be a hot area when it comes to real estate and urban development. Does not mean the city will become the next Wall St though.

Dude, seriously, do yourself a favor and stop embarrassing yourself. Your 2013 trading journal speaks volumes as to what your real trading "abilities" are. Now go back to your demo account before I start to copy and paste your pearls of wisdom from that thread for everyone to see. You are a...

Btw, you do realize that your underperformance of -34% in 2013 is just as bad as what an equity investor did in 2008, do you?

You can claim you are "not correlated" all you want, but at the end of the day investments are, and will always be, compared to how SPX does. In other words, how does your active trading compares, net of fees/commish, to the long term performance of the market as a whole ? If, and ONLY if, you...