Thank you forex162. Which trader was your favorite story?
Nobody said stops do not matter. Please make an attempt at actually READING the thread before you comment on it.
No quite the opposite. Stops ALWAYS matter. The difference is that if you are a traditional swing type of speculator - a Market Taker - then...
Thanks for the kind words. I am going to try to do this one key point at a time so we can hopefully discuss and debate its merits
So if Market Maker essentially acts as a liquidity conduit, Market Taker plays the role of the classic speculator. Allow me to explain in more...
Gentlemen I am ignoring all the insults and keeping the subject of the thread on track. Elite has thousands of traders who want to find out...
Well the answer is very different depending on which market you trade. In stocks you need 25K just to comply with the day trading rule unless you...
I think you will really like - its not academic in any sense of the word. It all about the everyday challenges and joys of being a trader.
The least amount of time is 3 years. Most have been doing at least 7-15 years and not only making money but thriving - I've seen the boats. And...
Yea that actually a fascinating chapter. Dana tell s abut the time heard that Templeton bought every $1 stock on NYSE after WWII and then...
Has nothing to do with our day job. This is a project we did ourselves with our publisher John Wiley and Sons.
OK - all great questions. First note the language - who started with as LITTLE as $1000. Of course not everyone started with so little money....
OK so here is the first point. Are you a market maker? or market taker? Know the difference or suffer the consequences. Market makers...
I am going to start a thread discussing some of the trading lessons we learned in writing our latest book Millionaire Traders - How Everyday...
Guys we will answer any trading related questions you email us - is they are repetitive we may simply combine them together, but that the only...
If Goldman implodes will that cause the collapse of the whole financial system?
No system. Just our discretionary calls. You should know I have seen more money lost on systematic trading than by any other means.
I just did a painstaking analysis of all our position trades over the past 2 years. 90% of all our winning trades never exceeded Maximum Adverse...
Michael - thanks for plugging FX section there. Since K and I write most of the artciles its nice to see someone is readng them :).
riskarb - lmao Now that's funny! :)
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