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Exactly.

This is a silly and slanted piece by Andrew Sheng designed for a gullible audience. The banks relied on the rating agencies for the triple A rating on the CDOs of mortgages. That rating is a very important independent responsibility and liability of the rating agencies. Being their...

This is a silly and slanted piece designed for a gullible audience. The banks relied on the rating agencies for the triple A rating on the CDOs of mortages. That rating is a very important independent responsibility and liability of the rating agencies. Being their responsibility to rate the...

No offence to those on this thread if making good money, but boredom tells you one thing. You are underusing what the daily markets offer. A volatile market (eg CL) offers huge points per day. You have to be attentive and focussed. The smaller price gyrations within the larger is price...

ET is an amateur world. You would expect most coming here to lose and quit as losers. Winning and making money in markets is focussed and driven by hard ambition. No offence to anyone but this is not the mettle of most ETers. They are day dreamers, not day traders. Two things are usually...

For the lone amateur trader with limited capital winning on 53% or 63% of entries is insufficient to be successful. Translated this means that 4 or 5 times out of 10 your entries fail and produce losers. The point of adopting or devising a reliable methodology for day trading is to have...

The recent financial crisis is already passing into myth as the Great Recession. And there will continue to be authors who will write their answers about this event in the luxury of hindsight. I can refer to what I wrote at the time. And this is what I posted at ET in September 2008. "Federal...

My experience at this level is that the SEC case is weak and as is often the case the charges make allegations that seem highly damaging and very compelling. They are of course heavily slanted. The portfolio of mortgage securites either met or did not meet ACA's independent criteria. That is...

You just don't have the necessary experience and background. And you spend your time trolling at ET. I have been a floor trader of an investment bank commission house in commodities and subsequently CEO when I built huge revenues. Commissions are a small cost of success. And you are still...

Sweet. You are so easily wrong and enjoy being wrong - sad. But then again you have no professional or excutive background in this business. And you are too inexperienced and know little. Try fooling others. :)

Learn anything from you? No thanks. Now focus on what I wrote, namely, commissions are incidental and a very small cost of success (not the commission costs of some alleged retail scalpers). :)

This is an understandable problem. Perhaps I am misunderstanding your type of play but it does seem hit and miss or is it discretionary? Lets assume you had trigger paralysis for part or all of a days session. Where you have a reliable methodology, just go back and check the whole day on your...

Why assume there is any 'emotional capital'? And you further assume there is 'emotional capital' to live trading and none for simulated trading. If you are not gambling but instead have a tested and reliable methodology you do not have the drag of emotional capital (your code for anxiety...

Markets are always rational. Price is your friend and it is the 'Open Sesame' of the successful trader. Confidence is important as you establish success in any successful way of trading where you come to depend on a reliable methodology. Commissions are incidental and a very small cost of...

When you personally look at the guys above you on Wall Street and see their rewards and success, I agree that they should act as a catalyst to you. But remember ET is a quest usually by the lone amateur. I only make casual contributions to ET where I am not a mentor, teacher, guru or educator...

There are wrong perspectives and incorrect methods as richly illustrated at ET not to mention the proof provided by the proverbial 95% of amateur traders who fail. Exact science or 100% art? Go to your starting point: logic and rationality are your required intellectual tools. They are often...

There is no such thing as an edge. What happens is an amateur trader discovers something that works (and calls it an edge) before he discovers or learns more as to how a whole market works and how it is all available to him. Your first question is missing. It is where is the most money in a...

The task of the independent trader is to score as many points to make a net total daily. In that context, this thread points at a big and endlessly repeated failing that besets amateur traders. The only thing you require from price is change: price going upwards and then price going downwards...

Marcel (male) and Marcelle (female) so why Marcell? I do know a Swiss lady who is a Marcelle but now signs herself as Marcell.

Relax rather than react immediately in your usual automatic fight or flee mode. You defend your claims as a fixed cult; they don't work as applied to day trading. Higher highs/lows and lower lows/highs is your core notion and its really old stuff. It is insufficent in your presentation as a...