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the most important edge? PATIENCE. 99% of traders lack this. And they wonder why I have never had a losing trade in 6 years! Yes never lost a trade in 6 years and made over 40 big trades in those years.

My friend day trading for 8 years. Quit his job and started with $500k capital. Oh yes he had great days like most day traders, like most poker players and roulette players but guess what? He lost in the long term and after 8 years closed his account. Why? Because day traders think short term...

Being an ENTP I adpated my style of trading to suit my persona. And that means avoid day trading at all costs unless it was on the pitt floor where I always excel. Cant wait to hit CME this summer :)

Forget about the psycho babble. The reason you fee this way is because you dont have enough capital. If your risk was 1cent per basis point you wont panic. Reduce your size and just make wider stop losses.

Why dont you join us at Illimunati and find out?:D

Its all about MM

lol! 30% a week is slower? Only on ET do we have the best traders in the world:D

My username says it all - 80% trades short and 80%+ winners. I love to make money off peoples fear rather than optimism.

the biggest flaw in many of these tales is that - these guys who are said to have started with small amounts really had more equity than they are letting out. I know a good number of people who started trading with around $50k but had over $2m in the bank. These guys could leverage big risk...

:D You wish! Hows life struggling as a day trader these days? :p

Is that you Andy Dufresne? ''My friends could use a couple of beers.''

My journals are would be boring. Who wants to follow a journal that only has 2 trades a month. But it would be fun watching me hand a beating to day traders :D I dont think they would ever out perform me :p

As a swing/position trader I would destroy any day trader on this forum. $10k mininum any market of your choice. Oh and I would even make it fun and and easy for you guys I would only trade one directional - just Short selling. We post our live trades and accounts. Come out and play...

Lol! No wonder I have made 6 - 7 figures year in year out swing trading :D How many day traders make $400k profit on a single trade? Exactly! What we are see are GREAT 2 - 5 day swings. Only newbies aka day traders cant see this and quit too early on a winning trade that if held would...

I cant see any day trader making and end of the year profit for the next 3 years. It is going to be brutal quit day trading, HFT and the unstable markets is going to kill you all. There are going to be more chops than a Chefs knife. More swings and bounces than a Tennis match. Pls dont say I did...

Tax reasons - they don't pay tax. London is a great place for corrupt business men and politicians to hide their money. Most only stay a few months though so don't think they come here for the dreary weather. You'd find that their properties are empty for 90% if the time.

Oh London, what can I say about that hell hole!! I sold my 2 bed room flat for $1.2m 3 years ago best thing I ever did. Put the money in my trading account while trading and travelling around the world. Account now over $3m. Bought a bigger sized condo in Chicago for $200k (down $180k from the...

Then you need to de-clutter your mind. Trading is not as hard as many think or like to make out. You just need the basic fundamentals, lots of patience and discipline and of course money management. My edge is if you must know is Patience. Waiting for the right trades to come to you, because...

'Be Patient' I am actually 100% certain that if 90% of people held back on their 80% of their trading decisions they would be very rich. The amount of posts I have read with people asking for advice on many trades I would consider high risk with low probability is shocking. Who gives a...

No Assassins make better traders. They are cool, make few hits but when they do it's a killing. They are patient and take their time. They don't talk about their killings and leave we the amateurs to boast about how good/tough/better we are. Are you an assassin? No one is gong to admit they...