Disliked{quote} Or the hard down move this past week was pricing in the hike. Along with the CPI and the upcoming hike, Ill be looking tonthe upside. Another huge reason is the masses will be looking downside.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Or the hard down move this past week was pricing in the hike. Along with the CPI and the upcoming hike, Ill be looking tonthe upside. Another huge reason is the masses will be looking downside.Ignored
DislikedI think this is worth a read, it has some good aspects about the timing when to enter a trade and what can be expected from that trade as profit target. It is especially when probably trend phases do occur. Got it from this forum elsewhere. Let me know when you find it worthwhile and have some value to you. Here it is attached. {image}Ignored
Disliked{quote} I've been using it for the past couple of years and I love it. It has tons of features and best of all its free. Their extensive user guide was a lot of help when I first started using it. I only trade a couple pairs, (NQ and DOW) so I have separate senders for each to take specific lot amounts on any receivers.Ignored
Disliked{quote} I want to use 1 account as master and 3 accounts as slave. What setting i need to do in sender and receiver EA ? I tried 1 maser + 1 slave. It works In sender EA : see the attachment. should i mention tradecopy channel1, chennel2,channel3 like that ? or tradecopychannel1,tradecopychannel2,tradecopychannel3? In receiver EA : ????? {image} {image}Ignored
Disliked{quote} I want to use 1 account as master and 3 accounts as slave. What setting i need to do in sender and receiver EA ? I tried 1 maser + 1 slave. It works In sender EA : see the attachment. should i mention tradecopy channel1, chennel2,channel3 like that ? or tradecopychannel1,tradecopychannel2,tradecopychannel3? In receiver EA : ????? {image} {image}Ignored
In conclusion, the paper finds strong evidence that day trading is consistently and highly profitable, even net of fees, to those with 1) the best information/strategies, 2) the best systems/access to trade quickly, and 3) the highest conviction/discipline. However, this accounts for fewer than 1% of all traders. In all likelihood, these are career professionals with great connections and highly sophisticated trading tools and systems. The overwhelming majority of day traders lost money, consistently, and worse than random luck would predict.
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Overall, the paper concludes that "it is virtually impossible for an individual to day trade for a living, contrary to what brokerage specialists and course providers often claim."