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  1. J

    New guys, now is not the time

    Perhaps it's time to look outside your square, low Vix = opportunity. Best Regards Johno
  2. J

    Never add to a losing position?

    +1 Think in ranges! Regards Johno
  3. J

    If you never went to college, what's the best job to have now?

    Referring to Australia - starting with a basic education and preferrably some general labouring skills, get a job with a Rigging / Construction company in any role that you can, this is not hard for willing workers as this is the key ingrediant owners/ managers look for, often self motivated...
  4. J

    How long has everyone been trading?

    Austinp, my take on his comments was that he would need to be swing trading in order to achieve the returns outlined, therefore he would not be holding through thick or thin and certainly not a passive investor! There are a myriard of reasons why people might choose to avoid daytrading yet their...
  5. J

    How long has everyone been trading?

    10 Lessons +1 Regards Johno
  6. J

    I just found the holy grail..still not profitable though

    Joe, you're no fun, you guessed the correct answer straight off! Regards Johno
  7. J

    Fed Raises Discount Rate

    Exactly! On another note, if I had the task of reducing the economy to a sustainable level then I would be using every tool at my disposal in whatever way, no matter how unconventional, that was appropriate to achieve my macro goal (step by step reduction rather than uncontrolable and...
  8. J

    I am finished.

    Thanks for the entertainment, today was shaping up to be boring day. Some of these guy's need to get a sense of humour! Regards Johno
  9. J

    You know what blows me away about being a discretionary trader? How one slip....

    It's not what you do but how you do it that matters! The market is the most cost effective stop, trade the market not your wallet! Best Regards Johno
  10. J

    why is thread Views total is always greater than Attachment views ?

    Or, perhaps many are like myself, who do in fact get TA and are therefore not interested as we realize that we're just setting ourselves up for some more of the same old, same old. Regards Johno
  11. J

    Can I be profitable simply by going long calls/puts?

    Think long mate, short can, and at some point often is deadly for most retail speculators! Regards Johno
  12. J

    Can I be profitable simply by going long calls/puts?

    Option Spreads are one of the wonders of the financial world, up there with compound returns thanks to the leverage they provide! I give thanks every day that they are available to me. Your comment - "the idea of owning 1000 shares of a stock and watching it make a huge gap down move the...
  13. J

    how to save a tax from capital gains legally?

    Of course if you lived in Gods own country "Australia" and were reasonably astute you would be laughing! Before reading this thread I didn't realize that you had it so tough with the taxman! Good luck in the search! Best Regards Johno
  14. J

    Xmas Massacre followed by New Year Massacre?

    Wouldn't know where one might be laying around for free? I was just looking at a pricing book an hour ago. I would expect that coins in general would be selling at a premium at the moment! Best Regards Johno :D
  15. J

    Xmas Massacre followed by New Year Massacre?

    Much more important to protect your account than it is to worry about further possible gains, refer back to the mathematics of investing for clarification! Think strategically! Best Regards Johno
  16. J

    I've been reading about volatility forecasting. All discussion relates to options.

    The OP needs to determine whether he wants to develop an accurate model or simply persue academic questions. I can state for a fact that you don' need an indepth knowledge of calculus or algebra in order to create an accurate and reliable model that can be traded easily with very little stress...
  17. J

    The Importance of Your Trading Capital

    Reminds me of the story about the old bull and the young bull - An old bull and a young bull were walking along when suddenly the young bull spotted a herd of cows. He immediately turned to the old bull and said "lets run down there and shag a cow", to which the old bull replied " better to...
  18. J

    The Importance of Your Trading Capital

    Fair comment, I was probably being a bit one dimensional, surprising considering I was just talking to Polish relatives on skype this morning.
  19. J

    The Importance of Your Trading Capital

    Well said, but being realistic most of us require far more than $2k / month to live so the starting balance needs to be adjusted proportionately. I tried to explain this concept to someone who PM'd me recently, to me the issue is making money first and foremost, therefore, in the process of...
  20. J

    Short term correction to arrive.

    Oh crap! Do I even have a future?
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