Mistakes (All inadvertent) -Setting entry a tick beyond or before the correct entry level. -Setting target a tick beyond or before the correct...
I developed a profitable strategy several months before I built personal discipline to trade it. Perhaps that's par for the course. Whatever the...
The answer depends on how much the person actually needs to make a living. The basic math of "how do you get there?" is something a serious trader...
Jfranco, As for learning trading, I didn't get started until beyond 30. By then I had degrees in economics and accounting, followed by a decade...
Don't know and can't comment on what is true or false on a trading forum. Just stating what it seems like (to me). OP plans to use $5k-7.5k...
It's clear from OP's several posts that he does have prior experience day trading ES. He has 15K and plans to leverage 2-3 ES contracts (5000-7500...
I made a switch to Schwab a few years ago just before the Scottrade/TD merger. At the time, I was given a promotion for commission-free equity...
Moving average lines. I use them as a quick/easy way to see pullbacks into potential entry areas. I don't draw trend lines (or anything else), but...
OP, about a year back I met man who was day trading (or learning to trade) full-time. He also worked 8-10 hours on each Saturday/Sunday, teaching...
I despise waiting. Waiting for a trade to complete right now, and waiting for conditions to improve. I've read that "Patience" is active waiting....
Yes. DT Equity Index futures. I have no personal experience securing outside funding/backing, so no comments there.
Good points made, though for taxes (US): Income earned from employment (OP's day job) is 100% ordinary income subject to payroll taxes. Any...
'' Similar (I quit FT job to pursue trading FT). Now, still trading. Though I started with a larger capital base (amount I was comfortable to try...
I've been in a similar situation and my advice is to wait longer until you can start with a larger base (Assuming $15K is not a typo, $150K would...
I agree with BWS sentiment that $15K is small (too small for me, at least). Though OP is day trading index equity futures. 2% a month of 15k...
OP, I attempted this earlier in my trading journey. Not due to laziness, but other reasons. I would log on each morning for about 30-40 mins,...
Traders are price takers.. as such, there’s always a bit of loss due to the bid/ask. Random entries shooting for 1:1 would produce a result that...
My mistake, edited post. Could you list some examples of other dimensions that factor in to wipe a trader out. I didn’t fully understand. I know...
I agree with OP, if someone is not prepared for black swan events, or if they trade with a negative expectancy, they're going to get wiped out...
This week makes up for the mid-month trash we had to endure.
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