Recent content by lxor

  1. L

    Banker struggles on $350,000 a year

    I wonder how many people live in expensive cities and own status symbols in a misguided quest to impress their friends and colleagues? I also wonder why for example Warren Buffet along with many other truly wealthy people lack such compulsions?
  2. L

    Intellectual property is dying. Free movies and TV shows.

    Amen Compensating the creators for a limited amount of time is only fair and gives them incentive to create more. Compensating them for the rest of their lives causes them to stop creating. Compensating their lazy spouses and descendants is just irrational. For the latest injustice check...
  3. L

    What was the ***last*** thing you had to master before becoming profitable?

    Ah, close enough. :) Thank You It seems my point was was missed by most. Time for plan B: :)
  4. L

    What was the ***last*** thing you had to master before becoming profitable?

    Here is my system: if post date - registration date < 3 years then don't waste time reading the trading related opinion. (the most valuable info usually comes form people predating me) How do I know the system is working? Occasionally I break my own rules, however 2- 3 sentences in I...
  5. L

    Drinking vodka and trading

    Oh good, drinking while trading, superb idea. Now you can develop an alcohol habit while loosing all your money. Hey anybody tried meth, crack, heroin while trading. Get some prostitutes too, you might get an STD as a bonus. I thought profitable trading was problematic enough for most, but I...
  6. L

    True Legendary Trading Stories

    Call me perverted, but I would much rather read about people making sharp decisive trades to cut their small loses.:p I do have an aversion to impulsive gambler mentality presented in many of theese. Still some of the stories are pretty funny, especially the ones showcasing balls combined...
  7. L

    Guys who got away with it

    If they got away with it how come they are both dead. I guess there is justice in this world after all. What are you going to do, eat your money when you are dying. Well, you can, but its not going to help you. Q: Why is this thread in educational resources, are we to learn from these...
  8. L

    Wolfram has hit a home run with Alpha

    Its not that new, I remember using Matlab or Maple years ago to do symbolic math (check answers). However now its avialable to everybody.
  9. L

    Wolfram has hit a home run with Alpha

    I think it broken. I asked it: "how do I make a $1000000000" and it said: "data not avialable" :D
  10. L

    How to get 100s of trading books from the net

    As mentioned before, copying is not stealing. Copying is denying an author/publisher the ability to sell to you. However reading a book from the library does the same. Most of these authors have been steeling peoples time and money for years with empty deceitful promises, delivering useless...
  11. L

    exceedingly good motivational books

    Motivation is dictated by how you see this world and the future, and more importantly by how you see yourself in this world and your future. Search for books on these subjects: Rational Emotive Therapy Cognitive Therapy Both of these therapies are based on the fact that semi-conscious...
  12. L

    Concerned about ETFs

    I guess the Kaufmann report confirms some of my concerns from year and a half ago. I'm not against all ETFs, just against large concentration of money in a single artificial index. Don't believe me? Then tell me what would happen if one of the largest components were dropped from the S&P 500...
  13. L

    Concerned about ETFs

    Ok, I do agree with your first point. The general public however buys and sells because their co-workers, neighbors and friends did it, not because of fundamentals or technicals. Now they will rigidly move the entire index when they do it. This alters the price swings of of the individual...
  14. L

    Concerned about ETFs

    Sorry, just to clarify, the demand for the whole ETF/index will drive prices not underlying value of any single security.
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