I don't get this. For the past few years the market has been one of the easiest markets to trade. Aside from a few corrections it's bascially...
LOL! I've heard many customers say, "this would be a great business if it wasn't for the brokers." What a funny world we live in :D
Or gamble big and lose. You'll make the headlines that way too. I've seen a lot -- no, no, I mean A LOT of people get into the business of...
Most likely. There are really only 2 types of markets: Non-trending and volatile and trending and non-volatile. It's not possible to have...
Perfectly said.
Ditto that. I use them on the equity side but they are too high on the futures side. Never really had a problem with them, even the customer...
"And this goes ESPECIALLY for prop firms." Not necessarily. If you find the right firm where you're trading their money they are expecially...
Good post. I'd agree with all this and had a similar experience. It takes 16 hour days for a while. Think of it like becoming a doctor -- 16...
There's a big difference between probability and guessing and then there's the element of.....experience. For the vast majority trading is...
+1. each trade is an independent event. The fact that 7/10 trades with the same setup were successful does not mean the setup has a 70% success...
I've actually read this book and it's probably one of the best books on the book shelves but you need to have slightly beyond a working knowledge...
Why would you just "assume" that. There are actually people who live financially responsibily and still get fucked due to the housing market...
A day? How about 5 seconds. All they have to do is type "200000000000" on a keyboard and then hit the "create money" button.
It doesn't matter if your strategy is simple or complex. Every strategy will fail perodically. The real question you should be asking is whether...
I think a PhD with an emphasis on trading is a good idea but I wouldn't do it in Economics. I would do it with a Mathematical Emphasis with...
Then I don't believe you have an issue. If you get to the point when you do charge a performance fee be sure to get some legal advice. You also...
First, I'm not a securities attorney. I just have a lot of experience in this area. If you're only trading futures then you deal with the NFA,...
This is not as cut and dry as many have posted thus far. As someone noted earlier, this falls under the jurisdiction of the NFA, not the SEC...
It's not hard to find cases of Government Expenditures that didn't quite materialize as expected. I'm not sure any of them qualify as a failure...
I would have to agree with EMG to a point. Trading does require an understanding of advanced mathematics and probability but it's definitely not...
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