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  1. J

    Market correction imminent?

    Okay, it is going down to zero. Hows that Gotcha?
  2. J

    Market correction imminent?

    I think this is a top, and here are my simple reasons. First, very few stocks are moving higher on earnings. The new DOW high of last week basically came from Apple announcing their next iPhone. Second, volatility is just way to low, and the market is having trouble grinding higher. I feel...
  3. J

    Why so difficult for former stars to shine in this 8-year bull market?

    Harder for hedge fund managers to hide positions with the transparency rules of today. Also hedge funds can under perform in bull markets due to losses in short positions.
  4. J

    Have a trading firm? We have a product for you.

    Hindsight is 20/20. I don't think you can just eliminate some bad trades and make them a winner. Its a process.
  5. J

    Trading firm buckles under high costs

    Mocho? Never heard of them
  6. J

    4 Lessons Learned from 30 Years of Trading

    I will add - know yourself. Are you a trend or breakout trader, or are you a counter trend trader? I don't think you can be both.
  7. J

    Where can I trade VIX VX VXT

    As an alternative, you could trade XIV/VXX which are ultra (3X) ETFs (actually may be an ETN, but who cares). Even with a small amount of leverage, you get a lot of kick with excellent liquidity. Best part these are traded with any stock broker.
  8. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    Hey, you can buy steaks with food stamps!:D
  9. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    I really don't care about the return, only the monthly income, and of course the risk.
  10. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    No, 100%: 10 x 10% = 100%. If you are prop trading with leverage, conservation of capital is everything. I get paranoid if I go down 3% in a month.
  11. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    If you lose 40k on 400k, you are done! Been there before, but no longer.
  12. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    I guess, but really its the returns on your capital account (real money) that counts. It gets to be an issue if you are filling out a due diligence form where they want to see you daily returns. You have to use the nominal account size, and this can be hard to figure, especially if you leverage...
  13. J

    Are Any EliteTrader Users In A Prop Firm? What Are Your Returns Like?

    I started last year with 40k in my capital account, and my 2016 K-1 showed just over $95k profit, so I guess I made just over 200%. Doesn't feel like that much because I look at my trading based on monthly gains and losses.
  14. J

    Best Scalping Indicators

    I don't know, how about the 2 period RSI?
  15. J

    What happens if the underlying of a 3x ETF drops more than 33% in a day?

    Thats why you should trade with stops.
  16. J

    What had trading done for and to you?

    "Drove me nuts. Lost money Made loads which was nice Spent loads thankfully Lost ALL Drove me more nuts. It's a hobby I'm always so close to retiring from, but that last missing bit of the puzzle, is kinda tricky lol" Really, really love and deeply understand this quote. I have made and...
  17. J

    TLT not available for short

    Typically you cannot short an ETF. You have to buy the inverse.
  18. J

    The $900 Book That's The Favorite Of Hedge Funds

    Try this one, but it is $300+ now - Day Trading With Short Term Price Patterns and Opening Range Breakout 1st US - 1st Printing Edition by Toby Crabel (Author) I own a copy!:D
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