YOU GUYS ARE GOING AT IT MUCH THE WRONG WAY. I WILL TEL YOU WHAT YOU DID WRONG YOU TESTED ONE THING MULTIPLE TIMES GET IT GET IT GET IT If you test 5 indicators called stochastics rsi etc. all are OSCILLATION indicators. OSCILLATION is only one quality of the markets. IN FACT, there only less then TEN (!) differentiable market qualities. You tested basically ONE QUALITY in ONE WAY. You didnt test 6000 combinations, you tested like 20 at most.
gee funny i just read that story in "4 hour work week" perhaps you could quote sources when you "borrow" stories...but i am on board with your reasoning. I just got back from a meeting with the owner of one of the larger prop firms in the industry. His methods made my skin curl. Of course owners of prop firms are going to want their traders to trader high volume many hours a day strategies so THE FIRM can make more money, but honestly...read 4 hour work week and the 80/20 rule and adjust your trading if you are working at it more than 4 or 5 hours PERDAY. You can generate wealth from this business in much LESS time.
i love the assumption that people that try their hand at trading and lose think that since they can't do it no one else can....kind of like a midget saying no one else can dunk because he can't lol
Trading's serious business. But the hours aren't bad. Being a fulltime daytrader is stressful work that demands full attention and concentration, I often have over 30 live orders sitting out there and trade without automation, so I have to be on top of it. The hours aren't bad, even doing 90m/day of research it's only 40 hours/week. 9:30-4:00 is not bad for a job. Achieving any kind of daytrading success without putting in the hours won't happen; maybe down the line, you find you just make money in the morning, but even then better to stay around and learn to make money mid-day. Like the businessman said to the fisherman, it's worth it to stay out and fish more.
Yes, but if the fish aren't biting and a storm is kicking up some chop, you'll probably just damage your equipment by staying out longer and fishing more. Sometimes, it is better to quit early.
well i guess it's none of your business Maybe you should have come to EliteTrader.com Index futures and currency futures are not for beginners, maybe you should have bought some stocks, at least 2 or 3, it can be a good start. Had you been clever or lucky, you would have bought VMW and make a nice return And as for the Gobbledygook, i don't fully understand
Not sure if trying to build an ATM to print money will work. If it does you will be the richest guy in the world soon.