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What about those who are well enough capitalized, have developed the skills of successful trading and know that they can adapt to changes in the markets? Such a person isn't limited to 100,000 but its probably enough for a good living if thats all they want and need. For such a person there...

Whistsers post also raises a third group. Those who are really a little lightly capitalized and not so skilful in trading that it doesn't matter at all. So they may benefit by some more time in building capital.

There seem to be two groups (lol u say, only 2) of people here: 1. I want to earn huge amounts of money. 2. I want to earn more than enough money and have a great time and lifestyle. There is no need for either group to be wrong, for themselves (for crying oiut loud guys ... you can...

Whitster, ES, my friends It would seem that you guys violently agree (over one of those big questions where the meanings are seldom well defined or the same for both sides of the argument). IMHO it can be summarised as "trading and poker can be gambling (as in a game of risk for...

SlowBear, mparkernys, You don't need to start two new threads; just understand the nature of this forum. Its much bigger and more active than most and its both "educating traders" and "entertaining traders." If a "big question" is asked like "is there a god?" or "do trends work?" then...

LOL. Very entertaining.

I trade one financial future (HSI). If it ever got boring I could switch to or add the Nikkei or SPI. Its open for 4.5 hours a day (2 hour lunch). I trade 4.2 hours because I knock off early for the news and a beer. Maybe 10 trades in that time. Commute = 0 minutes. Location = Tropical...

At elite there is a tendency to aggressively challenge deeply held beliefs not seen on other boards. Check out chitchat sometime. It makes it quite interesting. The same people on other boards are much gentler with each other. I sometimes wonder which is better when I let someone post...

And as in your prior post you have revealed a little more of what you are. :)

Finally. You have declared yourself to be a "you can't predict the markets" bigot. So nothing anyone can say about anything will convince you. You won't recognize that being a "stat arb",dispersion trader, relative value trading or being a "trend follower" implies that you are predicting...

Ahhh taowave, you keep slipping into that pattern of labelling anyone who doesn't believe what you believe with disparaging names and misspelling everything along the way. Two questions: 1) How do you define predictive (note that I have defined them above as having value for making...

Discretionary trading can be better than system trading because you can take context into account. I can program my triggers and basic exits but not all the contextual issues that take it from 50% win rate to 75% win rate. And, like many, I enjoy trading.

Can you persuade your fellow Melbournians (aka Mexicans in Qld) to stay there too? You're overrunning the Kiwis and Americans :)

Still rubbish. And in the last post you claim that I called the entire quote rubbish. Check it; it was only the first part. If your spelling or accuracy here is predictive of your statistical capability its no wonder that you couldn't find predictive value in trendlines. "From WordNet (r)...

Very nice. That brings back memories. I once ran a Telex exchange with one of those things!

First, IB are Great!!! Great Great Great Great Second, is this just another case of a newbie who hasn't done the work to understand the environment they trade in read (rtfm for crying out loud) having yet another pathetic moan? Just because you don't understand what is happening you...

LOL. Its a tough old world Spyder :) LOL. None at all :) I never expected to see you "budging" any time tao; I just couldn't pass such a clearly incorrect statement without putting it to the sword. And from Goinglite, as always, another gem of wisdom. Cheers Goinglite...

If you look up the magazines you'll find out why. Look at commute times. Accessibility of entertainment. Crime rate. Cost of living. Etc etc. And then you'll find out why I live on the Gold Coast. I came to Aus for a long holiday in November 2001 (most recently from Europe and the US)...

LOL. I've also analysed trend lines in the manner suggested and guess what? Trendlines work. Some say that trends don't work. Some say that trendlines don't work. Some surround their prejudices in warm words that just suggest that anyone who believes something else is a moron. "and...

a) No. b) Depends on the traders needs and tolerances. I like yes as measured on a daily basis. c) No. d) No.