You're right, they do, but most (successful) businesses structure their financing sensibly and not by using exorbitantly expensive credit cards! Your basic idea is sound, most businesses operate using external financing to help with cashflow ie ...

borrow money from credit card to trade? without hurting your trading emotion?

Great post! Here's something else to consider, try looking at leverage and money management offensively and not just defensively, it can be one's best asset in the right hands, or one's worst enemy in the wrong ones. You're fortunate in that you ...

Don't just make money...KEEP IT!

I think you answered your own question! Purely mechanical strategies do exist but I very much doubt you'll find anyone willing to share one on a public forum, for obvious reasons. The strategies and systems posted on forums like these (or found ...

The System... Or The Trader?

That's some admission, I wonder if the rep is still working for them! I've just opened an account with ETX (actually a mate did as I've already had one promotion), it's a risk free 250 quid promotional deal, it will be interesting to see how it ...

Difference between Spreadbetting and Forex

hooray for you sure, but how did you get 4% with 24 pips if "each pip is maximum of 20 cents"? -

yeeeah, i made 24 pips this month!!!

We don't know how he made those 24 pips or what his money management strategy was, risk may well have started out very conservatively and even led to zero risk. I understand what you guys are saying and you're probably right, he's more than likely ...

yeeeah, i made 24 pips this month!!!

Great quote! Not sure I agree with the 'winners take care of themselves' sentiment though. Sure, you consider and manage risk first before thinking about reward, that becomes second nature, a given if you like, but managing risk is not going to ...

New study shows only 1% of traders are consistently successful

Sort of like a driving test for potential traders? Probably a good idea but no-one cares enough whether some clueless noob loses his shirt or not, and where do you draw the line, reality checks before entering a casino or a bookies or buying a lotto ...

New study shows only 1% of traders are consistently successful

Very good points, I think any statistic is meaningless without knowing what type of people make up the sample, it could be that 90% of the alleged 95% failures are totally unsuited to trading. But what about the various studies and experiments which ...

New study shows only 1% of traders are consistently successful

That kind of demonstrates what I was saying earlier about people (subconsciously) expecting to lose, you consider 'not losing' as success. Don't get me wrong, if you're breaking even or better still turning a profit then you're doing better than ...

New study shows only 1% of traders are consistently successful

I wouldn't think so, I think it's more likely to be something to do with the word 'bet' as opposed to 'trade', same difference but maybe not psychologically. Don't forget spreadbetting isn't available to US residents as far as I know, and they ...

Difference between Spreadbetting and Forex

Cheers Surf! Haha yes, I bet that would have been his theory, lol

New study shows only 1% of traders are consistently successful

Right, I see what you're saying now, I misinterpreted it slightly. There's probably comfort in knowing that most people fail, that way if we fail we're not really failures, we're no worse than the majority. I can see how that might lead to less ...

New study shows only 1% of traders are consistently successful

I don't think anyone goes into any business feeling negative or anticipating failure, everyone is optimistic when they start out otherwise they probably wouldn't bother. Sportsmen for example are big on psychology (the 4 C's), but without the talent ...

New study shows only 1% of traders are consistently successful

".....By the end of the day, Mr. Lindloff has traded 60,000 shares and is up $165. It would be a satisfying return, but commissions on those trades cost $300....." -

New study shows only 1% of traders are consistently successful

Care to expand? And how long is 'quite some time'? It's great reading about how you guys traded/trade, Daytrading started chatting about it but he doesn't post much any more. -

Attracting Investor Capital

LOL! They've got a long way to catch up, we have definitely cornered the market on useless and ineffective legislation! Mind you the proposed 10:1 would be a neat trick and should narrow the gap a bit! I think the Chicago guys are just covering ...

Attracting Investor Capital

Thanks for the info and advice, I certainly wouldn't be doing it out of choice as I don't know the implications and whether it might lead to the FSA requiring me to be registered with them too, that's the last thing I need! If you think NFA and CFTC ...

Attracting Investor Capital

LOL, good one

Attracting Investor Capital

Wow, there's just so much love in this thread! Have we all had a good day or something?

Attracting Investor Capital