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Many years ago when I started my accounting career, I worked in the corporate treasury department doing reporting on the company pension. Hence my alias. The pension committee were the ones who get to select the investment managers. I was just doing the administrative stuffs.

I have to admit that I got my butt kicked today. It hurt when I saw my little 7-layer pyramid collapsed. Good thing I learned to trade a smaller size when I am on a losing streak. Regardless, it is only a small price to pay for a good lesson like this. I should have taken the Fed rate cut...

Are you really an ironchef? :)

When the Chinese Yuan depreciated beyond ¥7.00, we will see some interesting move in the market.

Medium trend is still down.

There got to be a bubble somewhere in China we are not aware yet. Volume is thinning now. PA

One of the characteristics of a bear market is price decline followed by sharp retracement. The trade war is going to have a global impact. When shit happen, we will see another leg down. PA

.....I need truckload of convictions.

I know without a doubt I have the Holy Grail. It is the same cup Soros and the Wizards from Commodities Corporation drink from. I know because I time-travelled back when Bruce Kovner made soybean trade in 1977 and saw it with my own eyes that it is the exactly same cup he used. Yet, I am still...

It has a big ass trend following label in the front and a creepy smiling face of Archimedes on the back. I know this is the real thing, because it is hard to hold tight. For anyone have one of these sitting around at home, how do you use it? Do you just club it on some pension managers head...

Dead Trader, you are not a loser. The market has a way to mess up your mind. I do feel your pain and I appreciate you for calling out the scammers for the newbies, and hence I am going to share my thoughts with you so that you can get into the right mindset in this journey. If you go to a...

Stop at breakeven? Sure why not? It has no cost other than the commissions. It actually gives you an edge by clearing the emotion from your head. As well, you can always jump back into the position or get into a better one.

Being a trader is an extremely difficult journey, which takes a toll on you financially, emotionally, and socially. Having said that, I know different peoples go through the journey for different reasons: 1) Some of them just don’t want to work. Once they realize trading is hard work, they...

My humble advice to you is to not lose the remaining $20K. By this, I don't imply that you should stop trading for good, but instead I would like you to find a way to trade that would preserve your capital in the long run, before you place another trade.

I don't like the way it measure misery. It seem to lose touch with reality. How about measuring it by the lack of Dom Perignon shower parties or lack of Italian super car?

Trading is gambling with casino house edge equivalent to the commission and interest payments. Minimizing and overcoming the "casino house edge" will enhance the trader's statistical chance. Like a game of Blackjack, there are rules that can enhance the player's chance, but only when all these...

Start from a stock screener.

At your stage of life, going back to school take too much of your time, and at the end, there is no guarantee that you will become a portfolio manager, market strategist, or a financial analyst. You might end up doing something you do not like. The best bet is to go try out at a proprietary...

Investors need to understand the risk of average down strategy employed by hedge funds.

Correct me if I am wrong, but doesn't the house take 17% of the cash pool in horse racing?