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Well, I don't know about "most" traders making "tons" of money, but a healthy group certainly does. I've been around 50+ years doing this, and I would say that 40% of daytraders call live well off of this business. The rest are marginal or worse and will disappear to be replaced by eager...

Its hard to know how much someone is really making. Some traders will give advice and post like crazy, and others like Peter will post once a month yet they are the ones making 500K. Peter, it would be nice if you would share strategy for building a "trend indicating" portfolio with the...

I know the guy, personally he's an asshole. I remember the suck job he did on Dick Grasso when Grasso was caught with his hand, [well his whole weird little body] in the cookie jar? Cramer was totally disgusting. Ugh. One old guys opinion, since you asked for it.

I have a few lines of script that works in short term trading. I guard it with my life. Because it works. And, because it works, I don't need anyone. I started out black, then grey, now bald. I run my bald box on NeoTicker which I find to be a fine program. At my age I can't be...

I train traders on a one by one basis. They must have a business degree to be accepted. Real time simulators are excellent training tools. We require a trainee to make 75 consecutive winning trades on a simulator before they get real money. 75 consecutive winning trades. Trainees who...

Hey Frenchie, your post made me laugh. Although real traders are usally pretty well educated these days, we get tons of neophytes who think they can trade without a university education. Then they post on various boards that trading " is the hardest thing you will ever do" and "95% of traders...

This guy is pulling your leg. He's probably a nice guy who has a little account at Ameritrade and reads lots of posts and trader magazines. I kinda like him but he knows jack. I have been trading for several decades and just because a lot of people who write on this board don't make a lot...

" There is so much crap printed on this board it puts me to sleep, I can't believe some Frenchy can put it so clearly but this is the best advice I've seen on this board.

Nothing wrong about being a short specialist Some guys can hit but can't field, still a good ball player Some guys can stop a shot but can't shoot, still a good hockey player If you're good at everything, well God bless you, but much better to be a great shorty than a mediocre two way...

Well, I piced BGEN for my example because its easy to trade and goes up and down like a whore's drawers. There are several dozen to pick from. If you think going 400% is risking the farm, well I'm so surprised I don't know how to react. There are guys on this board who will go 8 times with a...

Sorry, you have au in your name which is a signal you are from down under, but obviously not in your case. Just trying to be friendly. A good trader working a small acct will make 1% per hour, but the same trader working a large account will be happy at 1/4 % per day, in other words...

Mr. Marketsurfer boos is a reference to buy on open orders (long or short) Heres a tip: When big traders (working for a house) go indy and trade their own money, most that I know work the first 30 minutes with boos. I am not referring to prop house fv strategy here but rather a gamble...

Most young traders (guys under 70) who have experience have the ability to make 1% per trading day, but are limited by their mastery of their trading software. It is quite rare that you see a home-trader even with TradeStation or TWS who really know how to rapidly execute baskets, boos and...