it wasn't a 'mistake' but 'bad trade'. trading is easy,,makinga large profit or home run on a trade is hard.or impossible.
a trader or market makers should always not to trade against the market maker or compete with other market makers in illiquid securities....
the profit margins for traders and specialist on 'return of capital' are pretty small,.. that is the reason they leave some specialist just...
they are leaving because computers are now the specialist and faster than any human can trade. NYSE laid off human specialist for some stocks....
especially if you a stop loss and it's seen , it wil be stopped out
as a trader, your goal is maximize the return on your limited capital in your account. should you trade forex or futures. the answer is...
daytrading forex is too slow too flat to daytrade. daytrading futures is better.
Vietnam market is very small and illiquid. The fact that you a few muscle hedge funds running and controlling the market or exiting or entering...
These computers have artificial intelligence. The computers knows you are traders. They don't care who or what broker you are from.
if they really want to save gas,,telecommuting and working from home. with telecommuting made possible by high speed internet,,,gas demand...
commissions are a large part of the cost of doing business so it should be deducted.
professional income
End of month profit most important as that is when all bills must be paid in CASH.
the only journal you'll need is daily/weekly/monthly PROFIT and LOSS if your monthly is LOSS ====quit==shut down business.
Goldman Sachs is a market maker of many stocks and has huge research department. So they have privelleges and information that normal...
And when filing tax,,in order to deduct rent, commissions, and interest cost you'll need to file as a 'business income'.
i'm not a fan of averaging down.
With the wash rules http://www.nobletrading.com/blogs/2008/06/wash-sale-rule-for-traders.html
the majority cannot be short due to size of float.
a professional trader should be able to 'daytrade' in any market condition in any day...as for overnight unhedged positions, than trade lightly.
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