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What you describe is classic The absolute hardest thing for me to adjust was discipline and patience - the money you lose is bad, but the emotional/psychological damage is worse. After failing to take the small loss and eventually eating a big one, I would limit myself to one losing trade a...

I used to keep a "surplus" for taxes with Cali and FEDs. in 2010, I requested that the money be refunded.

I seem to be full of long boring posts on this thread - Over the past 10+ years. I have seen alot of engineers jump into my field. Engineers are smart and detail orientated and well suited for many tasks and better suited than most. One thing I have noticed is SOME try to earn as much as...

hey Sam - if your bad days are two losers for a tennie each, you are doing well. Keep up the good work.

I have been at it for 10-11 years, maybe 12+. Many years ago, I only traded the Qs - everyday I traded a certain strategy short/long on the Qs - watched them all day everyday and then worked late into the night (I might not be able to take the burnout now at my age, but I did then). So long ago...

Dude (or dudette), there is your biz idea... Many people due to financial circumstances or just plain lifestyle choices will retire abroad. Pick the spot and work it hard!

I know you didn't mean me - no offense taken. Been through a few cycles and had ups and downs and looking back its hard to see that I was "sheltered". I can tell you, I was the guy that got in really early and stayed until everyone else had gone home. My first job in this industry was...

:D Yeah, that qualifier about no trading talk definitely falls under the "slippage" category :D

Touching. Been in same biz for over 25 years. This economy is very tough. Fees are literally below 1980's levels when expenses were much lower. Working twice as hard for less and deadlines are very short. It is going to be very hard to get ahead in this economy - particularly for people that...

'about the same here

I believe the bonds in the SS Trust Fund are not USTs... I forget the fancy name for the IOUs, but I believe its something other than Treasuries.

Looks good to me. Nice day

thx. Do you scan with sierra charts?

Do you guys use their charts, or do you use Realtick or other vendors. Also wondering if anyone uses RT scanning with LS? TIA

God job of cutting losses Sam Morgan. When you lower your commish costs, things will improve.

Look, they are still floating crap paper at very low IR. When the bond market starts to demand risk premium, then the gov't will be forced to jack taxes further... it seems the last option is to actually cut spending, so they are going to look for disparate groups to generate large taxes - who...

Maybe... If I am not mistaken, they already have it in China and GB - right? I find nothing about our gov't silly or funny, and while I agree that it should not happen, I think of Maryland's "Millionaire Tax", which turned out to be a godsend for Florida :D .... Most of us know if you are...

Yeah, zactly, like there is no offset on the other side.... not to mention the gov't is totally inefficient in its spending.

no its not. its the kind of tax the gov't loves - high frequency transactions with the gov't taking a slice of every deal. they tax every hour of your labor and every purchase or sales transaction. This tax also grows with inflation as the nominal value of stocks rise over time. Also, this...

They always think in a straight line. They think that if we have $x Billion in trades then a .25% tax will produce ($xBillion x .0025) in tax revenues. They never allow for the market & taxpayers adjusting. Beyond that - we are using after-tax dollars to invest and the gains will be taxed...