Well, I believe in things when someone is working hard to make it a success. Nothing in life is perfect so I dont expect a perfect system. With regulations and technology always changing so will business as the try to keep up with the times.
Yes 99.9% of systems on the site lose money, but...
I agree with Now that Collective is great for testing systems, and does not YET carry a lot of credibility. Things are slowly changing on the platform, but its still going to take long time for that site to really shine in terms of credibility as it needs more successful systems and marketing...
Learning from books and DVDs is a great start for sure. But finding the right type of trading style for your personality is also very important for success. Many people get caught up in "I need to trade every day" but really that's the fasted way to lose your money unless you have a live coach...
I started trading in college when I was 18 as well not knowing anything. First stock trade I was up 605% with my $2000 Etrade account. Beginners luck for sure! but I did pocket a few grand and spend it on as much trading education as possible (Books, DVD's and live seminars) which is crucial for...
ya I hear ya. I use IB for some of my trading and I like them as a broker but their chat support is pritty bad I must say. they cant ever anser any question. I always leave 10-20 minutes later still wondering what the answe is and my finger are sore from typing my question and trying to explain...
I am currently taking the CMT program. Its really nothing special as far as getting a better job, but its another feather under your hat along with a tone of market education which should improve you trading greatly. Im taking the program just for the heck of it, Its something to do, and market...
It can be done but it only works with the right people, and the proper education & setup.
I day traded with 8 other guys using a private chatroom which was strickly for trading opportunities. We all trade our own money (not a joint account). We all took the same daytrading courses and...
Big trends in trading has several profitable quantitative strategies for position/ swing trading. They provide the results, charts, and input for Trade station so you can put the trading strategy on you computer and trade with it. Not a bad book for $20. you can get creative and mix a few things...
Every trader must have minimum $25K in their trading account if you want to place 4 or more daytrades in a 5 day period. For example you must have 25K if you want to day trade US stocks, US options, US ETF's, CANADIAN stocks & options ect..
Hope this helps:)
Yes, You must have 25k in your account daytrade 4 or more times in a 5 day period no matter what you trade (stocks, options, or ETF's) unless you use Ameritrade as a broker, they dont enforce the rule for some reason. Hope this helps.
Why does everyone Think backtesting is not accurate?, and makes for a failty trading system??
You cant forward test, so what else are you going to do?? As long as the back testing is tested in the current market condition or one close to being the same then it should prove to be faily...
Did anyone trade the IWM today when it bottomed with perfect head & shoulder patter? It posted a solid 90 cent rally in only a couple of minutes, then consolidated for a few minutes on low volume, only to rally another point or two in to the close. Excellent trade for the day.
im wondering...