Assuming that trading is determined by pleasant and unpleasant outcomes, we need to figure out what those two outcomes are. Let me start with an...
If you are competitive, or angry, playing chess is a good outlet, better than going out to shoot people with a rifle. The latter thing is not what...
Just got back from Las Vegas. If you are a trader, there is one place in Vegas that you must visit: Bright Trading Firm. It's only a few blocks...
After thinking about trading for some time, I think I realize why traders fail (You must be thinking: Wow, this guy is good, I want to know the...
In that case, you lose some money AND a key board. I wonder if a prop firm has a large supply of keyboards. Some keyboards will fly around each...
Congrats on your 2007 success. Hope 2008 will be better.
I read a lot of the posts on ET, so far I have found only two traders whom I think we can trust and learn a lot from. Anekdoten is one of the two.
If the statement (85% of traders don't understand trading) is true, 85% of the posters on this thread don't understand trading. Funny thing is...
OK, let me shut this stupid talk of random market once and for all. Here is the enlightenment you should remember: The world is one of...
When an event happens, the market goes up. That is NOT random, due to the causal link. When an event happens, the market goes down. That is NOT...
Definition of random: lacking any definite plan or order or purpose. The market's move is clearly predictable. For example, earnings are better...
bandit77 is right, you will be killed in the futures market. You don't know how to drive a Honda Civic, how can you drive a race car?
What's your account balance today? Can you still day trade?
I believe your account balance will be around 24,850 at tomorrow's close. That will limit your day trading freedom. I suggest paper trading.
If one starts learning how to drive a car, he will use his common sense and drive his car in an empty parking lot first. I doubt he will drive his...
Misconception 4: Emotions cause my trading loss. No, emotions DO NOT cause your trading loss. To claim causal relationship between your emotions...
I believe your replies are extremely helpful to new traders, because you have provided new traders with HOPE, CONFIDENCE, or A POINT OF REFERENCE,...
Misconception 1: 95% traders fail, 5% succeed. Where do people get these numbers? Out of their own dreams? Outdated data from a foreign island?...
I am curious about the time (number of years, number of months) a profitable day trader spent on active trading before becoming profitable (making...
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