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OK will admit i did not write it clearly as I would have liked. I am saying that after taxes and retirement saving eat up 50-60% of your gross there are other things we have as traders that many dont have as wage earners. Wage earners are not growing a business for the most part. I try to...

If you make your living as a trader you will typically find that at least 50-60% is eaten up by taxes and ideally, retirement savings. Another 20% would be nice to grow your account with leaving maybe 20-30% to live on. So even if you are making possibly 250k a year trading you are living...

have great day AllenZ

out 1408.50 +17 Allen Z

stop moved to 1419.50 roll on Gaurdian AllenZ

moved my stop to 1420.50 keep em moving 1412 is magnet AllenZ

Short 1425.50 target 1405.50 Stop to 1424.50 i am with ya Allen Z

I play poker on a regular basis. ( played in a no limit tournament last night, and had two of the worst "bad beats" of my young poker career ) Something I am seeing pop up recently are "no limit" games in some of the local casinos here in CA. $100,$200, and $300 buy ins. Many of the poker...

I have not read his work but enjoy Douglas quite a bit. Someone care to post a link to Van Tharps book (s) please. AllenZ

Anyone have a good site that ranks mutual funds or describes different ones. I have checked some of the bigger market news site but they seem to have almost nothing on the subject. AllenZ

I believe they give it away free at most casinos. I get it at Commerce Casino whenever I go there. Great stuff!! AllenZ

I attempted to get long at 1230 on the NQ on the second move to 1229 but before my order was even in the price had jumped back over 1232. That was one wild minute. I used a limit order instead of my usual stop market which I think was appropriate at the time. What I wanted was to use 1223.50...

out 1213.50 Nice work #1, took some stones! AllenZ

Have to admit i joined him long 1206.50 looking for 1215-1220. So far nice Trader #1. will give ya credit for now, looks like a reversal of a reversal day. AllenZ

Maybe he is #1 Trader definately not me today. Allen

Short NQ 1200.50 looking for 1185. Allen Z

I am looking for a big down day. Interesting how people see things differently. guess that is why they open the market everyday. AllenZ

I cant remember any from "Rogue Trader" but hopefully some of you that have seen it can remember one. There just has to be one, dont you hate when you forget something, I have to have seen that movie 3 times. Anyway hope someone can remember one. Best ones from: Heat, Boiler Room; Score...

Another question is how many contracts do you need to trade to ave $1000 a day. I have had my share of $1000 days in the minis trading 3-5 contracts but I dont ave that. My guess to average $1000 per day you need to be trading 20+ contracts on average. Then you need to make about 3 points a...

Changing position size definately has a mental effect. I have noticed that each new level of size I get to comes with its own learning curve. It is my opinion if you can start at 1 contract and add 1 every 4-6 months then you have a decent shot at getting to 10. How long will that take. 3-5...