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Doesn' t make the money, everything else does. Just from what I have read here, it sounds like Charlie is bailing becuase yes he does see the writing on the wall. And I am pretty sure he doesn't have the patience to deal with traders and the whole business. He made a lot of money as his edge...

"The Japanese were the first to use technical analysis to trade on of the world's first futures markets - rice futures. The Japanese started trading in this market in the 1600s. Interestingly, the birth of the Japanese rice futures market was a consequence of the country's military history...

Hey wait I liked his idea of closing the thread with a quote from one of my posts.....that was really cool. Yeah....we can close the thread with that one. Good trading next week to all.

Don't most of your good trades go your direction right away? Mine do. I still may make money when I wait around, but waiting around too long, especially in a sideways trade, is a signal that I am loosening my disicpline. For that matter, especially when the market is trading sideways, any...

Your typical winning trade looks and feels like x, and the noise, if any that comes before x, is y. If you don't detect x, or if you don't detect y, then exit. Waiting for some predetermined stop in order to dull the pain of a trade that is not a winner (even though its not a loser yet) is...

Beliefs limit what elements of the environment (data) your mind perceives. One cannot perceive events that are outside of the limits of beliefs (either conscious or sub consious). If your beliefs are structured so that you believe anything can happen in market action, you are able to...

Too much focus on this statistic. Do we know its accurate? And even if this "average" of 1 pt. is accurate, is it really important. If I know that in an Alfa Romeo I can make it from San Diego to Newport Beach in no traffic in one hour, and my Co Worker at then end of my trading desk makes...

i realized i made a bunch of typos, after reading my post. A few beers and a large dinner helped.

To me, although there are theoretical calculations that say you have a hedge when trading pairs, it doesn't necessarily mean that the risks are less. Its true that with hedges pairs trade may approach larges risks less percent of the time, however when a pairs trade does happen to hit the...

What a shock to come in late, check the elite trader posts and see that message about Gene. LWS was the first firm I traded with and Gene was my first real contact in trading. For the past 4 years I have known Gene and this was a tough thing for me to read. A testament to the fact is that...

On of Seykota edges was he was able to computer test trend following systems at a time when nobody had access to this power except maybe a few firms. To us, moving averages and trend following systems seem remedial, but at the time he tested this stuff it was unique. Now my pda can do the...

How much truly aerobic work are you doing during the day? I don't mean the kind where you push yourself to out of breath and concentration limits, I mean a rate where you feel good and refreshed during and after? You can break it up in perios of 15 minutes each. then increase them . 15 for me...

Admirable of you to share that statement here.

This subject has gone on so long it has reproduced itself inside of me. I now have the fear of the fear of success. Or the fear that I will spend my weekend reading posts in this infinite thread.

It sounds logical that if you want to learn to be more profitable you should learn from someone who is profitable. But, I believe that is so say that the learner believes he will trade exactly like the teacher. This transfer of styles hardly, if ever, occurs completely. I agree that...

I believe we all have glass ceilings. Who sets them though? Was is what your parents said to you or, more powerfully, demonstrated to you as you were growing up, actions and beliefs you modelled, forming your world view? Was it the interactions with your friends, partners? What guided their...

Its obviously not something one would "think" about. Therefore to say that fear of success is not present merely because someone doesn't consciously think about it does not prove that it does not exist, and further that it doesn't affect performance and results (especially in trading)...

I agree, calibrating yourself is one of the kewlest things you can do. Depending on who you are, this can be done with or without a power plant. Conversely, when someone else helps you calibrate, it can be significantly better than self-calibration. Further, I believe joint calibration is...

I second that or third that. As long as you are making money in some way for the guys who are fronting you the leverage, data, equipment and space for your ass (can I say that here? no? yes?too late), then you have to know you can come and go as you please. In trading, I think the good ones...

Ther definitions I have deduced from my career, and the last few months here reading posts is as follows. Real prop, the firm hires you to trade their capital, 100%. As such, they set up the terms in such a way that they are likely to make money from your trading in some fashion, and keep you...