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I would like to ask the elite traders here who have been there done that, tried both short-term and long-term trading, what is your preference? Why? Advantages and disadvantages of each approach?

Hi nursebee, Your consistent track record sounds like you are ready and able to do full-time trading. Ever considered it?

Although there is nothing wrong with full-time trading, full-time traders still get some funny looks when they reveal they trade for a living. Some reasons can be; - this person is still so young. Why doesn't he get a proper job? Socially useless activity making money from the buying and selling...

Hi loyek590, May I ask which book was that? I do not mind going through 500 pages of dry statistics since you said it is the best trading book. Another question ... was it really necessary to go through those 500 pages of dry statistics if you can just read the conclusion with the benefit of...

My broker, Interactive Brokers, mentioned that it has the highest percentage of profitable forex traders. I am generally very happy with IBKR for stocks investing. I thought of perhaps venturing into Forex. This is what I found...

Hi marketsurfer, Glad to have a friend of VN here. VN fascinates me. His track record of 30% CAGR for 20 years is fascinating. What is even more fascinating that he blew up 2 times despite such an impressive, long track record. 20 years is a long time to prove a track record and a 20-year...

That is not true. It is a fact that many turtles got rich.

Victor Niederhoffer compounded 30% gains for 20 years. Yet, he blew up spectacularly 2 times in 1997 and 2007. He was so good that George Soros sang praises of him. Hey, we are talking about George Soros. What are the mistakes that this great speculator made that caused him to blow up twice? I...

This is quite incredible. Is it because he is managing a small fund? But with 41% CAGR over 18 years, even a small size becomes huge. Even more amazing if he managed to achieve this in recent years given the slump in commodities. Went to his website http://peterlbrandt.com/ and learnt that he...

Not exactly evidence. Here are some extracts from http://political-economy.com/stock-trading-systems/ Turtle traders –Richard Dennis knows as the ‘prince of the pits’ had a bet with a friend that he could train people to trade and get rich. He won. His team of turtles made 124 million dollars...

The turtle system made many turtles rich in the 1980s. Today, it has been said that the trading system no longer works. Which parts of the strategy still work and which parts have failed? Why has the system malfunction today?

Scalpers need to be mentally agile and fast to have an edge over fellow scalpers. However, how can human scalpers compete with machines today given that they simply cannot match the speed of machines? Besides, machines don't make careless human errors. How should scalpers respond to the challenge?

This was a famous experiment which proved that traders can be made and not born. It worked very well for Richard Dennis but has stopped working today. Why did it stop working?

I have not read through the entire thread. Too many pages. But it is hard to believe that a good speculator can blow up in an environment where volatility is so low. Lose money, yes. But to blow up, quite hard.