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trade room...if any of my fellow traders were struggling with there trading and went into some trade room and came out a world class trader that is green every day and now live in Saints Kits , please share with us all the blessed thrill ride.
Can you help answer these questions from other members on NexusFi?
AH...FINALLY !!.... a "wise guy" post. I just knew it was coming sooner or later. First of all I corrected your spelling mistakes in your post. Second of all, the original post was looking for information on whether trading rooms were held accountable to any standards or rules. I was specifically looking for rooms that post live results and daily PnL's, that's all. It had nothing to do with whether a room is "green" or not. That wasn't the point.
Interesting thread...and yes there is a LOT of crap out there and I've been suckered into some myself in the past (and unfortunately wasted valuable time and money). For the past few weeks, I've been checking out something I found recently and just this week am getting set up with the indicators formally...I do believe it's good, genuine, and trades are shown on screen in real time and also posted in the chat. What is this gem, you ask? PTG, Polaris Trading Group. Still new to me, but so far, I'm quite impressed.
Thanks Jill.....finally some valuable feedback ! It's been weeks now since getting a decent reference.....What are they trading ? Individual stocks or the E-Mini's ?
Ah....no real-time E-Mini calls. I'm looking for real-time E-Mini trades.
No, that morning briefing is different. There is a whole room that goes all day and you do see real time stuff, particularly in the morning. If you want a trial, here is a link (s/b no cc req'd) Free Trial | Polaris Trading Group for Stocks and Futures Traders
Yes...is the short answer. He has spent some years figuring out how to run a room and trade...and realized he was missing his own setups. So he spent quite some effort creating indicators to show setups. And thusly, (is that a word, LOL) many are on screen, real time, live and in color. There are also some auto trading options. I turned on the opening range ones today (in sim, since I'm still getting organized) and 2 of the 3 instruments triggered (sometimes they don't, depending on parameters of risk, etc.) and it happened that both were nicely profitable. As an aside, while working out my charts on my computer, I showed him my Bookmap and (never having seen it before) he started reading it real time virtually trading the heck out of it...he knows his stuff.
Yes sir, I have great success trading with them. I have been with them since 2013. The chat room is free, you should check it out and decide for yourself.
ignore the 30,000 companies to play off of three or four extreme outliers..
problem with enron was that California set up a economics over energy that let enron sell back energy they bought
how normal is that without politics?
ALSO... note that most of those people were not capable of trading their own money..
discount brokers did not exist, and at that time, many if not most, were trusting the professionals they gave permission to trade their accounts...
Enron was 1985..
to even have a broker account required a minimum of 50k...
[the only companies a regular person could afford to get were in DRIPS... where you paid to receive actual shares and hold them yourself...]
According to Gary Gastineau, author of "The Exchange-Traded Funds Manual," the first real attempt at something like an ETF was the launch of Index Participation Shares for the S&P 500 in 1989. - investopedia
Prior to the May Day changes, brokers charged a fixed-rate commission for all traders, with no regard for the size of the trade. Small-time investors paid a high percentage of potential profits in fees and commissions, as total costs could be hundreds of dollars. Brokers risked being expelled if they charged a lower price to investors. // Leading the way was Charles Schwab, who founded his namesake company in 1971. The Charles Schwab Corporation began offering discounted stock trades on May 1, 1975, becoming one of the first discount brokerages. This included lower fees for less investment advice from stock advisors. Other discount brokers started to pop up as a result of the May Day deregulation of commission fees, paving the way for the online discount brokerages we know today.
the weekly earnings of an average man was about 155 dollars..
so the people investing in enron were not the average joe that stayed in by any means..
the devil is always in the details...
forgot to mention
It started when Congress passed the Revenue Act of 1978, which included a provision that was added to the Internal Revenue Code — Section 401(k) — that allowed employees to avoid being taxed on deferred compensation.
so very few people had 401k accounts..
VERY few....