Recent content by HedgefundJim

LOL!!!

Hey those are great results! But the real measure of success is not in 9 out of 10 successful days (what if you blow 95% of your principle in that 1 unsucessful day?) but rather what your gains are as compared to your losses, That is somewhat akin to your cumulative percentage gained...

Quite frankly, the only way to remove the emotion is to experience the highest of the highs, and the lowest of lows so as to no longer fear or get a rush from either anymore. In essence, to become a machine. Same as any poker pro will tell you, if you get emotional, you shouldn't be...

Excellent forecast! You, my friend, understand real estate :) -Hedgefund Jim

Agreed with Div Arb, You're also going to need capital. Lots of it. A smartl scalper with tons of ammunition is dangerous, Any scalper with minimal funds is dead in the water. -Hedgefund Jim

That will definitely throw a ringer in the markets. A sad day that will be if it ever comes to that. Truly sad. Could cut my profits dramatically! -Hedgefund Jim

Good lord if you are experiencing heart palpitations when you trade STOP TRADING NOW! This means that most likely you are potential emotional wrecks about to lose your entire account! Would you enter a poker tournament with heart palpitations? Doubtful! Don't you think your money...

I think there are definitely physiological consequences of trading for the uninitiated. It is much like riding a rollercoaster, some people become acclimated to riding them (the junkies) and others will get a heart attack when even thinking about them. Those who are able to ride the...

Hey Simon, glad I could be of inspiration. And about myself, I am a private equities fund manager and am largely self-taught. So to respond to Timbo, yes, I do speak for myself, and yes, I do speak for my friends :) By the way Simon, my suggestion would be to keep your day job /...

Well, to be quite frank, about 99% of all traders are not profitable, It is like that at any prop trading firm you visit, from 1 to up to 5% of the people will be profitable, That is a very interesting breakdown and post, thank you for sharing your wisdom! My guess as to how you came...

In my experience in the hedgefund industry and among my colleagues who are traders, In a daytrading firm of 100 traders, maybe 2 are successful consistently. I would put the success % from between 1% to up to 5% of the trading population. Dire percentages indeed, Best of luck...

That is a great question! Among my hedgefund colleagues, and traders I know at other private firms, there is no pre-requisite to being a successful trader. I now people who pull in a quarter million a month and they have not a single math or finance degree under their belt, nor are they...

For many of my hedgefund colleagues, the last two weeks (today not withstanding) have been rangebound and sideways for the most part. The break to the downside is possibly the beginnings of a near-term capitulation of fear. We could see a relief rally as the MM's try to sucker in as many...

This is a great thread with great potential for sharing knowledge, where to start! Scalping is a fantastic daytrading technique (I am a private equities fund manager) and have colleagues who are scalpers (and very successful ones too!). They all have several qualities in common: 1)...

Well, I don't know if I agree that it is "senseless" to believe that home prices will increase. Historically, on a decade by decade view, home prices have increased in every nook and cranny in the US since probably the turn of the 20th century, To say that home prices will continue to...