if you try to get rich quick, you will have a lucky streak that will end or you will just flop right off the bat.
the middle road is the steady road, and its not necessary to flop.
I don't want to hear how you are smarter than all the experienced traders that came up with all these rules over a century.
stick to the topic or make your own thread.
if you read Vic Sperandeo's books, he says basically the same thing.
He was ( and is ) a consistent survivor, and one of the best traders, but he fully admits he never won a trading contest in his life, and has been outperformed for short time periods by many people that eventually blew out.
by the way I do have a degree and some technical certificates and certifications, and for the most part they had nothing to do with my ability to perform a job, which is something I have always gained through experience and self study.
"Credentialism" is a real problem. It is all part and parcel of an overegulated society.
when you combine credentialism ( without the experience to back it up ) , cronyism ( hiring of friends ), nepotism ( hiring of relatives ), affirmative action ( not being allowed to hire white males )...
here are some facts:
-he did not steal DOS from a danish company, he bought it off the guy who invented it.
-Apple stole the graphical user interface idea from Xerox.
the problems with options:
-out of the money options are impossible for most people to accurately value.
-deep in the money contracts often do not provide any more leverage than futures.
-combination strategies are far too expensive in commissions and spreads
-SSF's do what most...
look at what they do on EBAY.
As the price of the item gets higher, so does the minimum price increment on bids, in other words, they increase the minimum tick.
NYSE is an auction market, EBAY is an auction market, same principal.