Yeah - I hear that. I remember paying $275 a month for a three room apartment. We did not have jack. Did not know jack. A pizza, an order of wings and a jug of Gallo wine was living large! Simpler times - and I miss >some< of that simplicity. I ...

james16 Chart Thread

Yes, that is quite true. Funny you bring that up. I no longer keep my entire nut in the accounts. A sizable portion sits elsewhere. I started this in reaction to the recent economic changes. (You never know what some broker is doing to themselves ...

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Very nice explanation bundy. FIFO is all about transparency. It will enable better compliance monitoring capabilities. 100:1 - big whoop. Give me 10:1 and I won't change a thing - except position sizing.

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LINK

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Ahhh... Time to start the weekend again. Kid is at a friends house for the day and night. Me and the expensive wife (I think I'll tell her that today) are gonna pretend we are a couple of hedonistic DINKS again. Life is good.

james16 Chart Thread

True, true... Have some fun with that notion. Build a spreadsheet and compound it over, say 60 periods. (Pick a number to compound - 10% is plenty) Start with 10,000. See the bottom line? Pretty nice. Sweet, in fact. Now write that figure down and ...

james16 Chart Thread

I'll try to help a little. Focus on becoming a great trader. Learn those mechanics and the thinking. Leverage is a good thing. Money Management is paramount. Risk .5% to 1% on each trade to start with. Lower risk helps keep greed at bay - and fear. ...

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No chance. No one is going to earn a living on a tiny account. Think about this - what kind of trader possesses a small account? That is right, a new one. My personal account is much larger, but I still cannot rely on it. When it triples, I will not ...

james16 Chart Thread

This place is different. We'd love to have you stick around and explain, without bashing anything else, what you do. There is plenty of room for divergent opinion, and ultimately, everyone is in charge of their own coin. The best anyone can do is ...

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Not me Doctor!!! I'm in it for the money. Period the end. I see no other reason to work at all - except for the cash. 500 bucks? That bought me dinner - One Night at a nice place in NYC this week, and it could have been more, but I throttled ...

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Nice post as usual Tia. Nothing but the truth.

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2 to 3% on daily/weekly ain't bad at all. When consistency is achieved, and you are comfortable, then you can move down to the 4hr or 1hr and prosper. Watching the account inflate little by little - while you are learning - is killer ...

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A large base helps too. OH NO I DIDN'T!!!! Size matters.

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Teaching people to trade a daily or weekly time frame also allows for a person to learn. It gives them what they need - time and a safety net. It avoids the quick flame outs that happen on lower time frames. Most people here simply do not have the ...

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With your eyes. Use the eyes in the front of your head. Trends move in macro and micro levels. Longterm weekly trends may be up, but on a four hour down. Which part of the river do you want to swim in? The big long term flow, or the eddies and ...

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I wish biz travel was not so tiring. I'd do more of it. This planet is simply fascinating.

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NYC Part Duex — Having some pre dinner cocktails in the bar. The good times continue, and with luck, the GU will wait till thursday at the earliest for a move to start ... ;-) Yesterday started off fun with coffee and an apple fritter the size ...

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Heh heh. Getting on a Manhattan boat tour. 3 hrs around the island. If you come here - this is great thing to do. There is a place in Brooklyn that makes the same claim.

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Vacation Update - woot! — Hey everybody! On the BlackBerry posting - sitting in the bar workin' the vodka and tonics (Long Story) So - NYC is still a gritty ubrupt place. Yesterdays storm screwed with the flights. Canceled. So - we rebook via ...

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The Little Richard of Trading"?? I gota PM on this today. Took me right off my hedonistic vacation. Clock - you need some deep therapy. ;-)

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