Recent content by soccerscott

I would monitor either the highest weighted or pick the one with the highest beta as it should be more sensitive to price movements.

I agree that financials will outperform. We actually started to see the financials strengthen yesterday. However, I think we are still in a bear market. That means I just don't think financials are good shorts anymore. Wait for a major market bottom before any serious longs.

One last thing. Don't jump into options since it is inherently different than directional trading like stocks, futures and fx. With options you need a much deeper understanding of option pricing, volatiliy and skew. Just learning the basics of options is a twelve month process.

Look at this business as a long term proposition and it may take you 3 years until you are qualified to trade fx. Getting in with a good trading group will help to shorten this time period

Once you can get those positive ratios, then you can trade products with leverage like equities with margin, futures or spot fx. Trading is the same across all those products and everything you did on the first 100 trades still apply (position sizing and risk management). Spot fx should be the...

Once you make over 100 trades calculate your win/loss percentage and reward/risk (money made vs money lost) ratio. Practice your position sizing and trade management as this is the real key to trading.

My advice is to open a cash account and trade equities at 1:1 leverage. This will prohibit you from shorting but there is enough inverse etf's to buy when you need to be short

What debt crisis? I've been too busy with my new escalade I borrowed money for that sits in the garage of my house that is in foreclosure.

I don't really see the advantage to trade with a prop firm if you are an established trader with a couple good years of earnings behind you. It seems like most places want you to trade a lot more than you probably should. However, I guess it makes sense for someone getting started to be...

Sounds more like marketing than anything else to me. However, don't just jump to the conclusion that so many other people do about anything that costs money and immediately call it a scam. Request a demo for a couple days and check it out. Then, come back and give a review. I do agree with...