gosu

Nice effort. However, your scatter plot does not match your table - i.e., all the points on the scatter are >900 volume. Also, setting the lower boundary of extreme pace at 1120 is questionable.

You must be proud of this post of yours; you have it in two threads. Maybe your intended audience missed it the first time you put it out there. It happens. I think it would get the most reception in the Trading Room 101 thread. Why don't you post another copy of it there? The thread starter there says he has a special place in his heart for multiple broadcasts of trading articles.

No one in this thread offered to become your "tuition paying student." LOL Either you are a complete nincompoop or you are such a hardcore vendor that when someone says "tuition" you hear the loud sound of a cash register in your brain that overwhelms your ability to reason. People who don't hear the KA-CHING! can see by the context that the person obviously meant "instruction, training, tutelage, etc." IOW, he was accepting your offer to provide such services that you keep dangling to the membership here like you would a carrot in front of a mule. In any case, once again you have misstated facts to fit your narrative. Regardless, I give you credit for being a character.

Isn't this the status quo? MMS, have you worked in government by any chance?

Well alright then. Glad to know my time spent here is appreciated. LOL

Why not just delete the entire post?

Exactly how do you "manage probability"? Do you know the probability when you enter the market? Yes? No? What about when you are in the market? Does the probability change from moment to moment while you are in the market? I am guessing that the "probability" you are referring to is that of "winning." What is the probability of a nontrader knowing the proper mindset of a trader? Do you know what "anticipation" means?

The moderation is okay for the most part. Sometimes I have posts deleted for no apparent reason or explanation. I chalk it up to the site owner deeming them "personal attacks" even though I didn't mean them as such. From memory I can restate the last two posts of mine that were deleted. Maybe it's because I'm from a different part of the world than the site owner that I don't see those posts worthy of deletion. Others can judge for themselves.

The way you currently operate is indistinguishable from that of most other marketers who live off the fish by keeping their dream of "financial freedom" through daytrading alive. This is not to say I have sympathy for the fish, because I don't. People who are impressed with someone else's sim trading deserve what they get, including being exploited by the person doing the sim trading who claims he is an expert trader. If you are truly interested in helping people with their trading, you really should get to a place where you can extract all your financial needs from your own trading. That way you can honestly consider the interest of the person who approaches you. Forget the trite "win-win" crap. Anyone who sincerely desires to help another should keep his own needs out of it or at the very least not exploit the person seeking help. If you're doing something for profit, then drop the "helping people" bullshit because all it does is make you look like a shyster. My rule is to always discourage anyone who asks me if they should get into trading. I know they are not suited for it simply by their asking. I also know that people who go into trading seeking "financial freedom" are better off doing something else, something they really enjoy. Contrary to your paranoid accusations, Roger, I do not hate you and in fact enjoy your posts. They encourage the kind of discussion that I come here for.

You are taxed on the $300,000 for 2011. It is unclear what you mean by "wash and a loss." According to your facts, you have no loss for 2011 and therefore do not have a wash sale under section 1091. Currently you have an unrealized loss in the stock you are holding. Your situation is such that you may end up paying tax on a gain that might be overstated in light of a later trade. Unfortunately, the trades were in different tax years and so their results cannot be combined. There was a time when individual taxpayers could average incomes over a 3-year period, but that provision was repealed decades ago.

Just post a link to her website. I'm sure mitsubishi will get right on it.

In the interest of complete reporting, my offer was conditional: (a) grow an account of at least $10K two orders of magnitude ($1x to $100x) regardless of duration; AND (b) extract $100K+ in a single day at least once. Since he was touting his expertise, I thought it would be good to put a benchmark to it. I didn't realize at the time that he's an expert that trades 2 lots in simulation. I'm not sure if that's better or worse than the fact that there are actually people in his chatroom who are impressed with the results. What's that proverb? In the land of the blind, the one-eyed man is king. Don't want to be seen as picking on poor old Roger too much as that will stir SIUYA the AVENGER to take action defending weak vendors from my critical remarks.

[ame=http://www.youtube.com/watch?v=fKXwj7ZrHIc&NR=1&feature=endscreen]Player Hater's Ball - YouTube[/ame]

Can trading be taught? Probably. Can everyone be taught to trade? Nope. Can anyone who doesn't know how to trade teach trading? Nope. Can everyone who does know how to trade teach trading? Nope. Does a person who can trade need money from fees or sales? NOPE. Does a person who can trade waste time teaching knuckleheads all day for free or some piddling fee? HELL NO.

Hey Roger, what's up my fellow playa! I got no response from you in the other thread. Guess that means no go on me observing your mad skillz for a week?

I thought the first rule of FX Club is: You do not talk about FX Club.

Just change the title of one of your old ones and repost. Save yourself some time.

What do you trade???

Exactly. Next week: make p2, then retrace, then make p3, then resumption, etc., etc....

HERE ARE THE BASIC RULES CONCERNING YOUR OPTIMISTIC POST WHICH DEALS WITH GAIN ONLY The commission you pay when you BUY a stock is added to the purchase price and the total becomes your COST BASIS. The commission you pay when you SELL a stock is subtracted from the gross proceeds and this amount is your ADJUSTED SALE PRICE. ADJUSTED SALE PRICE - COST BASIS = Your gain or loss on the sale. The character of your gain or loss is CAPITAL gain or CAPITAL loss UNLESS you are a dealer or have made the mark-to-market election. Capital gain or loss on stock held more than a year is LONG-TERM. Capital gain or loss on stock held 1 year or less is SHORT-TERM. ONLY LONG-TERM CAPITAL GAIN is currently given preferential rates (up to 20% max). SHORT-TERM CAPITAL GAIN is taxed at your ordinary income rates. NOW TO YOUR EXAMPLE You buy 1000 shares of Company X stock at $7/share and pay $10 in commission. Therefore, your COST BASIS = $7010 for the 1000 shares (or $7.01 for each share, in case you don't sell all your shares at once). A few weeks later you sell all 1000 shares at $8/share and pay $10 commission. Therefore, your ADJUSTED SALE PRICE = $7990 for the 1000 shares. Your gain on the sale = ADJUSTED SALE PRICE - COST BASIS = $7990 - $7010 = $980. Since you neither are a dealer nor have made the mark-to-market election, your gain is CAPITAL gain. Also, since you held the shares for not more than a year, the gain is SHORT-TERM and therefore taxed at your ordinary income tax rate of 25%. Your federal income tax on the gain = $980 * .25 = $245 Your net gain after federal income tax = $980 - $245 = $735. You will also owe state tax on your gain unless you live in a state with no income tax or a limited income tax that does not tax capital gains.

Hi Roger, You sound butthurt. I thought it was pimp of you to flash a spare million in the faces of desperate programming hoes, and REALLY pimp that you had no intention of parting with it. But this needy side that's come out makes me doubt you are a playa. Why are you looking for fairness and professional respect on a message board? Instead of coming on a message board "seeking a couple of honest individuals who are struggling to succeed as traders," why not focus on your paying customers? Or have you made them all millionaires and become bored so you need a new trick? How skilled are you, Roger? Let's cut the crap and bypass the preliminaries. Forget doubling or tripling your account, have you grown your account an order of magnitude in a year starting with at least $10K ($1x to $10x)? If you have, my hat is off to you. Have you done 2 orders of magnitude ($1x to $100x) AND extracted more than $100K in a single day? If you have, then I am the fair and honest individual you are seeking and I will be your pupil for a week and come back here with a thorough and full report. Not only that, I will invite you to my home for a week to trade and you can see how I do things, and at the end of the week I will treat you to the best nightlife you have ever experienced. Leave your wife at home. Shoot me a message into my PM box.

Only if you are interested in Big Beautiful Bitches.

I am beginning to appreciate this Roger Felton. He's a hot shot trading educator who throws down a million dollar challenge to back up his actual trading prowess. I don't know why he keeps saying this site is not for him, as it sure could benefit from just his style alone.

What's the big deal? You post fluff, sometimes you get called out on it, you rebut, others join in, personalities come out, people complain, the thread generates posts for the site. Your effort was not in vain. Be happy.

I don't know. Did you announce the offer to people in a place where they hang out like Collective2? Or was it sitting in your living room just within earshot of your dog? Where can I find the terms of this offer? I do not autotrade or use blackboxes, but if your offer is legitimate I can forward it to the right places where I know your challenge will be accepted.