.... or they see little benefit in sharing. The trolls who believe that no one can make money have poisoned ET for a lot of successful traders ..... Actually, I'm continually confused when I see the "... too efficient of an instrument" statements. How can you possibly look at today's action & feel that way? (this is rhetorical, I have no intention of hijacking Lescor's thread or responding to 1000 PMs). R
Hey Lescor, Thanks again for keeping up this thread. The discussion has really been great. I think you've indicated that you are Canadian/reside in Canada now. Assuming that is the case, I have two questions related to that. First, do you trade Canadian equities? With everyone bemoaning HFT and market manipulation by the "boyz", I wonder if you notice a difference in market behavior between the US and Canadian markets. Second, without expecting you to go into detail (I can google), are there any tax issues/pitfalls that a Canadian day trader should be aware of/pay special attention to? I read some threads from 06 that you participated in and I'm aware that all gains will taxes as income. Just wondering if there is anything else that you think is important.
Please explain why stock index futures are so efficient that daytraders can not anticipate what the other players are watching? Would you agree that daytraders can trend trade a 5 minute chart? Is it not true that the better players are inside the heads of the big institutions? Do you not agree that we are not reading the price on a chart but are actually reading the minds of the players? Would you not agree that as daytraders we can not make money trading the noise of the mkt but since we can read the minds of the big players we can anticipate where the big moves will occur with really good odds? With all that in your own mind, would you not agree your assumptions of stock index traders is flawed? Give the new guys a break..........do not be so negative.........negative people will never make it in trading............ NO MATTER what they trade.
I don't trade on any canadian exchanges. Never seriously looked into it though. Taxes for traders in Canada are much simpler than the US. Search for a few interpretation bulletins from cra that explain most of it. Basically if you do it for a living, your income is income and your expenses are expenses, just like any other business.
Lescor, Would you be willing to open an affiliate prop shop through your prop shop, whereby folks could sign-up under you? This would give you an override on the commission they generate. In turn, you would teach your trading techniques. Therefore, the more successful they are, the more money you'll make from the commission overrides. Food for thought... Walt
Lescor, When you traveled across country to trade at a prop shop for 3 months so that you could reduce your learning curve, did you go to Bright Trading by chance??? Walt
1st question- no thanks, that'd be like getting a job or something. I like things the way they are 2nd- no, it was an Echotrade office.
Here's my answer. Post your e-mini trading blotter on a daily basis and show consistency or stfu. The people that actually do it here are trading stocks not futures.
bighog, don't get to attatched to your being in the heads of the bigger players, think of it like a mule following a carrot on a string, while plowing a field, they can pull the carrot any time, and Nexen, u spend your time flying around ET puttting others down to support your mini ego, get over yourself, figure out the market , when you actually know something, be patient, you'll get it, you won't be so bent on critiqueing others,you will be so busy building on the new cornerstone you found, you won't have time, in the meantime stfu