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Search: Posts Made By: seattle7
Forum: Traders Hideout March 25th, 2024, 03:15 PM
Replies: 70
Views: 5,352
Posted By seattle7
Some of my concerns re prop-shop trading: 1....

Some of my concerns re prop-shop trading:

1. You lose the IRS Section 1256 60/40 long- vs. short-term capital gains tax treatment.

2. The possibility of the prop-shop's front-running your...
Forum: Trading Reviews and Vendors January 23rd, 2024, 01:07 PM
Replies: 66
Views: 16,686
Posted By seattle7
I've been trading on and off since the 1980s. ...

I've been trading on and off since the 1980s. During those decades, I've seen exactly one, yes, ONE, teacher/trader who has published his broker statements, and, YES, he was a wildly successful...
Forum: Trading Journals March 26th, 2023, 11:54 PM
Replies: 430
Views: 49,985
Posted By seattle7
Paraphrasing Ed Seykota, in Market Wizards by...

Paraphrasing Ed Seykota, in Market Wizards by Schwager ---

The task is to:

1. Create an objective trading plan that is shown to be profitable by backtesting. (I emphasize the word...
Forum: Traders Hideout September 16th, 2022, 03:46 PM
Replies: 8
Views: 1,812
Posted By seattle7
Best ~49 inch monitor for day-trading?

I'm currently using a bank of Asus 27 inch monitors for day-trading ES on a very short-term basis. I'd like to try a 49 or so inch monitor but don't want to overpay or buy one with more features...
Forum: Psychology and Money Management May 1st, 2021, 03:02 PM
Replies: 201
Views: 33,117
Posted By seattle7
My condolences. Join the club. In my...

My condolences.

Join the club.

In my opinion, you're paying your dues.

I don't know any successful trader who hasn't blown up at least one account, and often more, sometimes many more.

I...
Forum: Trading Reviews and Vendors December 18th, 2020, 10:38 PM
Replies: 9
Views: 2,926
Posted By seattle7
It was interesting to me to read the Declarations...

It was interesting to me to read the Declarations constituting the FTC's evidence against Raging Bull, that is, the statements of Raging Bull's customers who complained about Raging Bull's behavior....
Forum: Trading Reviews and Vendors December 18th, 2020, 10:24 PM
Replies: 9
Views: 2,926
Posted By seattle7
___________________________________ I...

___________________________________

I believe the FTC action is in civil, not criminal, court. Therefore, "guilty" as well as "innocent until proven guilty" (as well as "beyond a reasonable...
Forum: Traders Hideout December 18th, 2020, 12:46 PM
Replies: 1
Views: 1,327
Posted By seattle7
ftc v. ragingbull.com

https://www.ftc.gov/enforcement/cases-proceedings/2023073/ragingbullcom
Forum: Emini and Emicro Index July 9th, 2020, 10:58 AM
Replies: 92
Views: 21,726
Posted By seattle7
lamass --- What I would suggest, if I may, is...

lamass --- What I would suggest, if I may, is that for the moment, you turn your attention away from trading the market and onto what is known as "locus of control," and see if you can learn anything...
Forum: Traders Hideout June 19th, 2020, 01:05 PM
Replies: 64
Views: 24,373
Posted By seattle7
Whuffo wrote: "I don't want this to come across...

Whuffo wrote: "I don't want this to come across as too negative but I was ... disappointed in the webinar. ... [I]t could have been much more [useful] if it was focused solely on the education of the...
Forum: Traders Hideout May 26th, 2020, 11:22 AM
Replies: 56
Views: 22,340
Posted By seattle7
I, too, have found that price action &...

I, too, have found that price action & discretionary trading work for me; I abandoned "indicators" several decades ago. Since the beginning of this year, I have also been using bookmap (bookmap.com)...
Forum: Traders Hideout May 13th, 2020, 04:16 PM
Replies: 166
Views: 42,270
Posted By seattle7
I will share with you what it took me ten years...

I will share with you what it took me ten years of wandering in the woods of futures to learn:

FORGET ABOUT INDICATORS

There, I said it, and probably 95% of the readers on this website are...
Forum: Trading Reviews and Vendors May 10th, 2020, 11:49 AM
Replies: 139
Views: 45,205
Posted By seattle7
My suggestions: 1. For the time being,...

My suggestions:

1. For the time being, forget about trading and learning how to trade and trading rooms etc. Concentrate on learning how the market works, what makes it move, why does it do what...
Forum: Traders Hideout April 19th, 2020, 08:25 PM
Replies: 12
Views: 7,289
Posted By seattle7
I have been using Bookmap since the beginning of...

I have been using Bookmap since the beginning of this year. I use it in tandem with TradeStation for bar charts of the Emini S&P.

What I find most remarkable of Bookmap is that they provide a...
Forum: Trading Reviews and Vendors February 20th, 2020, 03:22 PM
Replies: 116
Views: 46,046
Posted By seattle7
Wanting to learn about "order flow," I've...

Wanting to learn about "order flow," I've subscribed to Bookmap (bookmap.com) at $50/month plus data fees (and intend to continue to do so). One of the benefits of being a Bookmap subscriber is...
Forum: Traders Hideout November 22nd, 2019, 11:58 AM
Replies: 12
Views: 7,289
Posted By seattle7
An informative and productive webinar --- thank...

An informative and productive webinar --- thank you both.
Forum: Traders Hideout August 7th, 2019, 10:02 AM
Replies: 3
Views: 753
Posted By seattle7
Trading vs. Selling Trading Seminars

I read the following response to a post on Quora.com dealing with flipping homes vs. teaching how to flip a home. It seems relevant to me re trading vs. teaching how to trade ---

It is about 10x...
Forum: Traders Hideout July 27th, 2019, 12:05 PM
Replies: 105
Views: 24,609
Posted By seattle7
I have been asked for the parameters of the...

I have been asked for the parameters of the multiple time frame price charts I use for trading ES. They are:
1. 80 tick chart, for momentary price action.
2. 640 (and occasionally 1280) tick...
Forum: Traders Hideout July 26th, 2019, 06:50 PM
Replies: 105
Views: 24,609
Posted By seattle7
My story: 1. While working at a day job, I...

My story:

1. While working at a day job, I traded end of the day and doubled my account in three months. That led me to think "If only I could watch the market realtime, think of the money I...
Forum: Traders Hideout April 4th, 2019, 01:56 PM
Replies: 5
Views: 1,706
Posted By seattle7
xplorer, thank you. As it happens, I read...

xplorer, thank you.

As it happens, I read that series of posts yesterday. It was the only series of posts I found on nexusfi.com about the subject, and I wanted to see if anyone else had any...
Forum: Traders Hideout April 2nd, 2019, 02:26 PM
Replies: 5
Views: 1,706
Posted By seattle7
Prep for Series 3 Exam?

I'm considering taking the NFA's Series 3 (Futures) Exam. What are the most efficient study guides, online courses, etc. for its preparation? Your experience with any of them? Your recommendations?
Forum: Commodities January 29th, 2019, 04:17 PM
Replies: 58
Views: 15,699
Posted By seattle7
I can comment only on what has worked for me,...

I can comment only on what has worked for me, although, frankly, I would not expect anyone to believe any of it might work for anyone else, as I believe the trading process is highly individual.
...
Forum: Traders Hideout November 15th, 2018, 01:29 PM
Replies: 19
Views: 3,821
Posted By seattle7
My plan regarding "trading for family" is: 1. ...

My plan regarding "trading for family" is:
1. Create trading account in name of family member (namely, adult child) with my having rights to trade account as trading attorney-in-fact.
2. Fund...
Forum: Traders Hideout August 3rd, 2018, 03:14 PM
Replies: 78
Views: 15,831
Posted By seattle7
Random Correlation???

Is it anything more than random correlation that:
1. Over 90% of retail futures traders are net losers; and
2. Over 90% of retail futures traders use price indicators?
Forum: Traders Hideout August 1st, 2018, 02:09 PM
Replies: 5
Views: 4,376
Posted By seattle7
I use S5 Trading for my Roth IRA and TradeStation...

I use S5 Trading for my Roth IRA and TradeStation for my Traditional IRA futures accounts.
Showing results 1 to 25 of 26

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

 


 
 


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