chcculle

the market fluctuates between two states... range expansion and range contraction. We have been trading in a range but we will not stay there. We will break one way or the other. Which ever way we break, we would expect some continuation. Your best bet during a period like this is to keep in mind that this is not permanent. Better trading days are ahead and you are best to wait for better opportunities unless you're a fan of trading in a range.

working on your mental side will greatly help you to take trades where you have edge. both are very important.

It sounds like overall you are doing well in your trading if you are consistently profitable. Taking profit vs letting it run is a tough decision and often it seems like the day you do one the other happens and vice versa. Here are a few things to keep in mind. 1. what type of day is it? are we trending or in a range. if we're in a range then odds favor non extension and you want to take your profits off the table. if we're in a trending environment or if we have just made a break from a tight range then try to let your trades run. 2. try to incorporate some tools into your trading that give you hints that the run is over. a few suggestions... momentum divergence, wave counting (ie if wave 5 and divergence then consider exiting the trade). You might consider using lower timeframes to time you're entries/exits on the higher timeframe. good luck

If you want to donate your 5K to other traders like me then go right ahead. Take my advice don't learn on your own capital because odds favor that it will be gone. It's interesting that you don't want to paper trade but if that is your choice then good luck. The way to trade paper is to trade it as if it is real money, gain some skills, gain some confidence, and most important become consistently profitable. 99.9% of the people who have tried have been unsuccessful. As far as brokers are concerned. You should be able to get round trip commissions around 2.00 to 2.50. if you're paying more than that, you're paying too much. good luck

The paperwork.. bylaws, incorporation agreement, and liability agreement are pretty standard although a pain in the butt. Keep this stuff for future reference in case you change brokers. That said, you should be able to open and fund an LLC account in just a few days. I just did this with Inifinity Futures and for the most part knowing in advance what I was in for... it was a breeze. What you went through with your broker... snail mail and partner approvals does not sound right. And, i bet you're paying high commissions. May i suggest Infinity Futures? They are very responsive, reliable, and service oriented. your broker will respond immediately if you have any issues. They will communicate however you prefer be it email, phone, IM. Also, they have competitive rates. Here's who i'm using: Markus Zielbauer, Infinity Futures LLC. 866-907-2511 mrzielb@gmail.com

Brothers? Are you assuming that we're all men? Sorry, but this is not the case. If you'd like to learn technical analysis, i'd suggest Corey Rosenblum. His site is He has great educational materials and a daily idealized trades report that is a great vehicle to applying sound TA to the markets action each day. good luck, and please drop the sexism. Not all traders are men. With kind regards, Your sister