An ominous nugget of truth in your statement. Sadly many are not willing to believe the truth. The old WC Fields aphorism "you can't cheat an...
That is an interesting approach to teaching trading. Tell the student to call "break outs" in the middle of a range using "trend lines". And of...
http://www.elitetrader.com/et/index.php?threads/fcm-pitfalls-and-poll.286653/
No. Emotions are what govern your decision making when you do not have a strategy. This "strategy" won't work on a real time sim either, which is...
Here is an example of the fixation garachen referred to: here we have a manual trader who is risk averse and doesn't like positions to start going...
On another thread, garachen wrote "I think the hardest thing about manual trading is managing exits. I find that, more often then not, peoples...
Good post. I think we might distinguish garachen's proposal from your training experience. This isn't about teaching a real edge to someone else...
Not sure if it should be necessary for each member of the group to have technical ability. Perhaps individuals who are highly creative, have good...
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How about the mini Dow index future? CBOT IDEM seats are currently offered at $3,500 or $45/month for a lease. Exchange fees will be 27 cents /...
Do you know the story of Squeaky, the Chicago mouse? Squeaky was floating on his back along the Chicago river one day. Approaching the Michigan...
It all comes down to attitude. Just because you cannot see it doesn't mean it isn't there. This stubborn closed mindedness keeps the majority...
Great thread by someone who clearly knows his onions. The gold futures contract today was a very good example. Curious if anyone followed the...
Progress in trading starts with self awareness and honesty. In an earlier post, you confessed to being governed by pride and greed. Has that all...
Summary - 1 contract you'll lose due to fees, 15 contracts doesn't compare well with a fast food position and takes months to cover startup costs,...
Not unrealistic in this industry. In fact, quite pedestrian. Of course, not everyone can do it. The caveats given here certainly apply:...
The market attracts weak players who just want to have a go without any respect for the business they are in or the traders they are up against....
Dave, very awkward way to contact you, but haven't heard from you in awhile. Did you get my messages? Attach text sent tonight, also by email.
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