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www.blocks.com

great story lolo, my advice is you need to live in a place that is conducive to your lifestyle. Because you have experienced the freedom of trading for yourself you'll probably have a difficult time being somebody's bitch at a hedgefund for small money. i would continue trading but live...

most of these people don't have the capital to do it. A very good trader makes 20-50% a year... that means a lot of these people would need 500k-1MM to replace their old salaried.

I thought the same thing as SG20 when reading your initial post. If you ride V from say $65 to it's current level of $88, what difference does the spread or ECN fee make? Say you buy 2000 shares of V, that's $10 commission, and say the spread is usually 3c and you are paying it, that is another...

they do

I agree, spoofing can be difficult with programs

forget program trading, decimalization was the biggest blow to scalping.

thanks for the info smoove... are you trading pairs?

His salary is actually $100,000 per year. He might be a billionaire but he is still just another man with an opinion... you don't have to agree with his choices or his views. I personally think he is a genius and a great human.

Has anyone here ever trained/worked with Rob?

Has anyone taken the pairtrader course out in BC put on by pairtrader.com? If so, what was your opinion about it?

you can start with any amount... the problem is... most brokers have an account minimum... like $2000 or $3000. I think the best way to start and learn is... try to find 3 or 4 friends and start a small investment club, you will learn a ton.

you missed a big one... NOT CUTTING A LOSS SHORT that was mine.

he's a smart dude

if you use just ATR you can be deceived. for example... if ATR is 2 on Oct 1, and now the ATR is 4 on Nov 1, did the volatility increase? Now what if I tell you the price on Oct 1 was 20 and the price on Nov 1 was 60 a better measure of volatility is ATR/PRICE. In the case above...

I've heard many traders preach that same thing as LeBeau, regarding how entries really aren't that important. Personally, I don't buy it, I think both entries and exits are very important... it's hard to make big money without good entries... in my opinion.

- a simple way to measure volatility is with ATR, described above here is a simple example... you have a 100K portfolio and are willing to risk 1% per position 100K x 1% = 1K ATR(average range) = 5 you set an initial stop of 2ATR, 2 x 5 =10 $1000 portfolio risk / $10 trade risk...

I don't think the drawdown in absolute terms is as important as whether you can stomach that drawdown

There is a reason why some people have 400 post in 5 years and others have 400 in 5 months... First rule of trading... take personal responsibility for yourself and your trading. Why are you so concerned with what I do? When you become a moderator or an owner of this board you can tell me...

If you know what those positions are then I suggest you trade them instead of discussing them. Yes, I own the holy grail. I didn't join here to shares my trades... if you are looking for tips you may want to find a full-service broker.