Search results

This is the problem. Why should it sting? The truth will set you free. Why are we so attached to our beliefs and preconceptions that it is painful to listen to a contrary argument? Eckhart Tolle writes about this in his books. Being attached to our opinions and confusing our beliefs with our...

Actually yes, that is exactly what I am. Since you don't know me or anything about the work I do with my trading proceeds, you can only make guesses about my character based on what I post here. This isn't really of much assistance, so perhaps just stick to the facts of what I have written...

I'm coming across blunt as the "nice" approach doesn't get the message through to hopeful naive newbie traders nurturing dreams. You've joined a volunteer army so don't blame the sergeant major for his manner in instructing you. The point is that you do not wind up dead on the battlefield...

Sure. When you ask for feedback here you don't want an honest reply, you want sycophants and other numpties to egg you on to carry this futile endeavour further. Lets try the facts. You are 33, married, other commitments, child on the way. You don't have a corporate / professional /...

You are a total mess as you say. You have spent years filling your mind with horseshit about the market. None of your "knowledge" is worth shit, nor are your guessing "hit or miss" strategies. The emotional states you describe do indeed show you are not cut out for any sort of trading. Go and...

Not that I know of. Those who can, quietly get on with it. Those who cannot, or who do not do it optimally, make all the noise in the world. This isn't necessarily because they are selling something - believe it or not despite the opportunities in trading to lift yourself into ultra high net...

A major challenge is that different folks have different definitions of success. There are many levels of accomplishment between master and fuckwit. Those at the top of the tree rarely have cause to see things the way those lower down do. Why would they? Why should they be asked to contemplate...

You make some good points. TA, PA, whatever you might want to call it, and assorted trendlines, notions of support etc will not in themselves make a trader successful. When institutions use it, it is generally as part of the "analysis" sell side circulates to clients, or smart execution...

I received the following comment on another thread. I think it deserves a thread of its own. A ship is a tool created first in the minds of inventive men, and deployed for the use of productive men. It is a vehicle through which goods are moved from areas of excess supply to areas of demand...

Know thyself and seek the truth. If somebody claims that by arranging historical transaction data in graphical form and annotating with various lines explains how either the "majority" size or "controlling" size makes trading decisions then this is demonstrably false by reference to known...

That is an argument against war not for high taxes. The loopholes are bought because the tax rates are too high. If the loopholes were not included then the tax base would likely shrink further. Also, we don't need emotive words such as "cheat". If it is the law, then it is found in our...

Price action refers to the prices and times of historical transactions, however this data is arranged or displayed. It neither works nor does not work - it is simply a record of economic activity. What you refer to as price action is what purports to be a methodology for anticipating the...

Then you will indulge my mentioning that it is a logical fallacy to equate correlation with causation. Many productive countries have high tax rates, but this does not tell us whether they would be more or less productive with lower tax rates, whether the tax rate is the cause of the...

Something to consider before taking a position? Lets start with the facts. Imposed minimum prices result in a surplus of supply. You are aware of how this applies to a labour situation - you mention that minimum wages increase unemployment. Then you conclude that not only should the minimum...

His support for this tax is as meaningful as that of the local grocery clerk. Neither are in a position to levy unpopular new taxes. The tax situation in the UK is appalling for all but non doms and those with ludicrously complex affairs - former Prime Minister Blair paid less than 3% tax...

Fixed that for you. If you are not in the top 5%, I suggest you stop counting other peoples money. If you are in the top 5% and want to pay 80% tax, you can line up behind Bill Gates and Warren Buffet who are also in favour of such taxes. I heard a rumour that they were so sincere in their...

So we used to treat people we disapproved of violently, now we try to rehabilitate them? Sounds like progress to me. 100 years ago if a bum (as they were then called) suggested that every working man ought to be compelled to give a tithe for the benefit of bums generally, and be threatened...

Of course not. However the liquidity offered at a given time is finite and can be overwhelmed by a sudden imbalance in aggressively priced orders. This increases the cost of execution (slippage) and can make some strategies inefficient beyond a certain size. I like how you are framing this...

I made the point that the originator of a very successful method would not release the details as others would copy and hammer out the edge. If only one hundred people copy a successful trading strategy, by the time they grow the position size to 20 contracts each they are collectively trading...