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1-b 2-b 59 years old

Here's a suggestion: keep working but live off your trading account. It will help you to feel what it's like to be living off your seed corn. When you have been banking your paychecks but not touching them for some predefined amount of time, you are ready. You have to make sure you can...

You can't use someone else's system. It may not be there next month. You will be constantly worried about the guy getting older, dying, going off on a bender, and so forth.

When you've got billions to spend, you've also got billions to invest. You cannot turn on a dime. You cannot do things anonymously. You cannot buy large positions in small things. There are still a few advantages for the little guy.

This is another set of broad generalizations that serves no one. I concur with #1; there is plenty of evidence for this. #2 is too sweeping to be true. I'm sure that if you go talk with 100 black people, you will get 100 opinions. I can think of 2 black friends who are pretty big on...

Wow, I can hardly believe this. Individual black people are not responsible for the actions of everyone who shares their race or skin color, any more than people of other races are. It makes no sense to paint people with this broad brush. Whatever happened in all these cases, it was due to...

Things that have helped me: Mathematical ability: probability puts the world in perspective; understand expected value Start small: work your way up as you develop skills/confidence Face your mistakes: print them out, own them, study them repeatedly Money management: not some of the time, but...

Despicable, yes, I grant you that. However, the people who follow in Karen's footsteps are thinking adults with free will, not victims of Sosnoff. He is not forcing them to do anything. He is trying to make money in his own way. A slimier way than most of us like, but no law against it...

C'mon. You have to be an adult to trade these things. People are responsible for their own financial well being, and they have choices. If they want to believe that a moderator with an obvious economic interest (stock in AMTD) is some kind of guru, it's their own choice.

There is a lot of crap online for free. Lies, exaggerations. Read a few books, too, so you can learn to sort out the difference.

There are a lot of people living on the edge, doubling up, and bumming off family. Others are selling shit on Ebay, driving for Uber, and doing other gray economy stuff. I remodeled my house over the last 2 years and received discounts from several subs for paying them in cash. Different stuff...

No, you don't have to blow out. I have been trading them for 10 years, have done probably every kind of trade/combo there is at one time, and have never come close to blowing out an account or even lost that much. If you do not trade naked and you use only a small portion of your account for...

You don't know what's behind us, or ahead of us. No one does. You will significantly cut off your upside with these collars. A balanced Vanguard fund, as suggested above, may be a better option.

Your needs in terms of return are modest. Adding options to the mix will increase your volatility, thus may decrease your return. You may be able to do this best without options.

Japan was willing to do something we weren't: make quality products. Back in the 70s, everyone wanted to buy a Panasonic TV or a Honda. The American equivalents did not measure up. This has changed. Japan has changed, too. I don't consider China an economic superpower. It's just a very big...

I've found backtesting helpful, and profitable. I'm a systematic trader because that's what is comfortable for me. But I do not deny that there are other ways to make money. Just a few points: -Backtesting is worthless without proper money management and allocation. Backtesting is only a...

You might want to check this out, which offers plenty of examples:

When discussing taxes, we have to keep in mind that in the US, we have taken on the job of being the cops for the entire free world because no other country wants this responsibility. I do not mean to disparage the considerable contributions and sacrifices of our fine allies, only to point out...

You have named your own problem in the title of the thread. Discipline can be developed. This works in different ways for different people. Here is only one idea. Make a written account of what responsible trading would look like for you. Establish a reward for sticking to your discipline...

Globalism is already happening, has happened. We won't be able to put the genie back in the bottle. That said, you are correct that there are losers. We need to think about/help/retrain the losers. There is no way the highly developed western world, with its labor laws, safety nets, and...