I see you use Ameritrade, me too, through think or swim. I use Investools for research (owned by Ameritrade as well). PM, sucks as a company, but you are trading it, not marrying it. Anyway, glad you mentioned them, I've added them to my watchlist to short once the market starts to go down, I like, its price level, there is lots of room for the downside. Thanks bro,
Interesting trading day. At one point (when the e minis were up 10 points) I was down about 6k, pretty evenly spread between the auto-trades and the existing manual positions. By the time we closed I finished t breakeven. Auto Trades: 25 Everything else: 275
Not many are capable of learning. I've talked with countless about the subject. I have 1 student at the moment. It's challenging teaching this to a beginner. Your model makes no sense... First 50k is low, considering I can prove I made 10k in 1 month. Second, what if he doesn't make money? Third, 6k per month I assume? that's more than 50k... Then I just wasted my time for free? Lastly, what profitable trader cares about bragging on a forum??? lmao... Ok. GL! I'll keep my 50%+ right trading strat with +3:1 reward:risk ratio to myself.
You can say that again! Plus an unbelievable amount of people are "know it all" types and won't listen to you even if you are profitable. So what do you think of Prop firms that claim to teach people to trade, to your knowledge are any authentic?
S&P closing at another all time high but what else is new. My trading account is at a 20 month low. Closing this week (short week) down 4k. Pretty much all due to my auto-trades which lost over 5200 this week. Here are today's result Auto Trades: -3286 Everything else: -1570
~ -4.5% from Jan 1st 2014. ~ -23% from April 10th 2014 (had a decent start for the year but then gave back my winnings and then some)
Exactly. Close mindedness is the number 1 thing I run into.... actually stops a lot of people from their full potential, not just trading. When I meet new people they often ask what do I do. I usually say I'm a stock trader. If they keep probing, I will explain everything down to the lines. I did this this past week with 3 guys. It was hard for them to keep up. Mind you, I use very basic terms to explain risk reward, strict price action study, and trader psychology. I know nothing of prop firms. And I likely never will. Total net liq is hanging at 48k trading account + 85k bank account @ 27 years young.