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I have a rule where if I have 3 losing trades in a row, I shut down for the day. I also have a rule for maximum monetary loss per trade/day. It helps :)

I'm going to sign with them in July. Visit their floor, talk to David in person, ask him all the questions you feel you need to ask. If anything, he is very patient (I was supposed to sign up with them last October). I was told that there is no fee for training and thusly 5K seems...

No doubt! What's up with you, man? I'm rarely in the chat, but you are never there...are you no longer trading? :(

nice job, puddles, sir! P.S. oh, geez!

Trader's job is to create volatility on the market and attract buying/selling, thus pumping money into the market. Businesess that are benefiting from the market (so, the majority or large corporations, funds, etc) obtrain financial means to expand, thus creating jobs and generating enormous...

Terrific job on BKI - it worked out well for my strategy too! See you in the WarRoom!

best of luck, Mr.W! Are you going to keep the chat room up if you join them?

happy to see you do so well at the start of the year, Mr W! Keep it up and I'll see you in the room!

My question is, what should I look for in a Prop Trading Firm? What to expect and what to avoid? Much appreciated?

I like F/U Candles (otherwise known as Morning Stars, but it seems like it's just a candle giving you the finger) and Up Yours Candles (otherwise known as Hammers, basically an F/U Candle upside down)

NoDoji will be the one to tell you that POT is a gateway trade :D:cool: :p

This is interesting. I pretty much look at candlesticks and volume only now, and leaning to your type of tactic. I should give it more time, but I like the pure simplicity of it.

Thank you! This is the very essense of the PEAK OIL theory. It's not that the oil is running out...it's simply that we won't be able to comtinually ramp up the produciton of it! That's it! :)

No, I was too busy editing typos :) BTW, usually I am the one to ramble on (18 pages! Front AND back! ;))

Agreed. Sadly, despite being aware of this flaw, I still succumb to it so very often... This is exactly what I am having difficulty with. Well, that and a complete lack of patience. Frustrating it is. So much so, that I give up on that particular stock (BTW, is that what "kicking a...

While I wholeheartedly agree, the thought process in fading (for me, at least), is that I don't want to chase and thus the price movement has to change direction for me to join the trade. As in "it's so high, it has to come down" or "it's gone so low, it's bound for a reversal". Or something...

Oh yeah...San Diego:cool: Ñàì èç Ðèãè (ýòî Ëàòâèÿ, åñëè êòî çàáûë :p ). Âñåì ïðþâåä!

Good job! An awesome profit today is better than a blown stop tomorrow :D

Oh-oh! A nail-biter, ladies and gentelmen! :)

My position exactly. I find it hard to be half-in on the trade and adding or reducing. Mind works differently, I guess... Good day again for you - small, yes, but no overtrading :)