Recent content by McCloud

INTP

I am doing this to make some money on the side to keep funding my trading account... but they pay me with these bills and my broker doesn't accept them! :confused: :D

I initially bought the large screen for more desktop space but now I only use it as a TV to see the squawk box in the morning!

I have made and lost fortunes with this set up! :p But I guess only ONE monitor is responsible for all the winnings and the other 10 are responsible for all the losing trades! :D Joking aside, we all have different styles but I am also very visual so I think having more monitors help me...

Here ya go..

MB Trader, Datek, IB and Trade Station for charting....

In reality, I used to be able to watch the tape on 6 stocks 8 or 10 years ago without a problem. Today, I can only watch 3 or maximum of 4 stocks at the same time which also results in lower daily volume...

Ditto!

I remember in October of 98 I bought Citi I believe at $11 or $12 ... that was the day markets bottomed and never looked back! If I remember it correctly the same day Ralph Acampora was on CNBC and predicted market was going to go much much lower... I guess that helped make the bottom!!

Monkeys Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out into the forest and started catching them. The man bought thousands at $10 and as supply started...

I second that!

Agreed!!

I second that! Today's winner: media!!..... for doing a great job creating suspense and anxiety among the "crowd" on such a "typical" event!! Interesting how many threads have been created on this in the past few days!! :eek:

Here is a thread from 2003 on the exact same subject... http://www.elitetrader.com/vb/showthread.php?s=&threadid=10089&perpage=6&highlight=why%20do%20most%20traders%20lose%20money&pagenumber=1 The poll is almost very similar, it is interesting that the majority voted for discipline in both...