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  1. M

    How to learn to IGNORE the failure in trading.

    Making money in the market is all about risk management or eliminating big losses by whatever means necessary (can be via position sized to the account, hedging, options, stop loss orders, or whatever). When you make a trade there are only 5 possible outcomes: 1. Win big 2. Win small 3. Break...
  2. M

    Thinking of giving up shorting individual names and shorting S&P instead.

    IMHO you are trying to short too early. Long term, the market is still in an uptrend. Trying to trade against the trend by shorting small corrections and profit takers is a dangerous game indeed. You should be buying the corrections until the longer term trend breaks.
  3. M

    Took out a loan to transition to full-time trading. 24 years old.

    Actually I think it may be sooner. Probably Sept/Oct of this year. The last two bubbles popped in the election year. The .Com bubble popped around Oct 2000, and the housing bubble popped earlier in 2008.
  4. M

    Teaching A 5 Year Old How To Trade

    I don't think the guy was saying he was going to force his kid, against his will to be trader. My guess is the kid expressed interest. That said 15 min or so a day doesn't preclude other activities. In fact I would say doing multiple activities (trading, art, reading, games, sports, photography...
  5. M

    Falcon Trading Computer

    Oh by the way can you tell me the brand and model number of your laptop? I would like to look up the specs. Specifically I want to see what specific processor is in it, if it has integrated or dedicated GPU, and shared or dedicated video memory. Most laptops use integrated GPU's with shared...
  6. M

    Falcon Trading Computer

    Ok well here is something easy to do that can give you some idea of where your problem lies. Open up Task Manager (right click your Windows task bar and select Task Manager). There are graphs that show CPU, Memory and Disk use. There is also a network graph but you will never max that out unless...
  7. M

    GDP comes in at a pathetic 0.5%, all those printed trillions and still nothing

    If import taxes are high enough that it makes more sense to manufacture here with higher labor vs paying lower labor rates elsewhere and importing it, then manufacturing will come back. Even if manufacturing doesn't come back to the US, I would MUCH prefer to see manufacturing move to Mexico...
  8. M

    Anyone heard of Met Traders ?

    WOW Monthly Fees starting at 1K and increasing, plus a split? You are almost better off taking a loan from your local mob boss to trade with. The mob would charge you less and the fear might prevent you from blowing out your account. I have ZERO experience with them but mavericktrading.com...
  9. M

    option question

    I am not sure what you mean by option type. Do you mean calls vs puts, do you mean LEAPS, vs regular vs weekly vs minis, or do you mean as OptionGuru assumed US Equity vs ETF? Popularity varies from option to option. Calls and Puts have different (mirror image) P/L profiles but calls always...
  10. M

    Falcon Trading Computer

    I 100% understand that, but hardware only helps if it is used. So back to my 32GB example, more memory ONLY helps if you were running out or getting low at least before. If you currently have 8GB and only using 4GB of it while trading, then buying 32GB means you will have 28GB sitting there...
  11. M

    Falcon Trading Computer

    I said this recently in a related thread but I'll repeat it here. Buying new hardware without knowing where your bottleneck is, is just wasting money. You should run some diagnostics with your trading software running to see what is causing the slowdown. For instance, let's say you currently...
  12. M

    GDP comes in at a pathetic 0.5%, all those printed trillions and still nothing

    No amount of QE can fix the GDP. You can't increase the GDP when you have no "domestic products" any more. I agree we need to tax imports to the point manufacturing is brought back to the US.
  13. M

    Teaching A 5 Year Old How To Trade

    Do you make a living building straw dogs or are you just trolling for fun? You know very well I never said I WANTED to do anything. I only said it was possible.
  14. M

    Teaching A 5 Year Old How To Trade

    15 min per day is enough to teach a 5yr old an existing trade plan. Too much time per day at that age and they will get bored and retention will suffer. Start with just familiarization with the tools. Then move on to entry rules, one at a time with a few days practice for each rule. Then teach...
  15. M

    The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed

    Not really, in gambling you actually have a chance of winning and seeing your winnings in your hand. With this crap you put money in and you never see it again...even if you "win". What gets me is how many people are willing to send cash somewhere or "invest" in something without doing any...
  16. M

    Took out a loan to transition to full-time trading. 24 years old.

    That is correct but I have used this in the past to get a VERY cheap loan for various things. What you need is a card with an offer like this AND another credit card. On the "other" card make whatever purchases you want (high interest), or get a cash advance (very high interest) and THEN before...
  17. M

    Meditation and trading

    ...and with 3 kids he didn't have a peaceful life either. :D
  18. M

    Teaching A 5 Year Old How To Trade

    So if he spends 15/min a day or so educating him, that is going to totally deprive him of fun in his childhood? Maybe he shouldn't go to school then because that will deprive him of fun in the name of education for a LOT longer.
  19. M

    Netflix will hit $58.50 by July!

    I am sure some people would have said the exact same thing about Enron too. Netflix is not Enron but another negative news story or two and their stock will look like Enron.
  20. M

    Netflix will hit $58.50 by July!

    I wouldn't want to bank on it hitting $58 either. There is too much time between now and when it could potentially hit that $58 for news to change the direction it is going in. $80 is a fairly high probability though. Charts do work but only BETWEEN the news. News is what usually changes the...
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