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"When prices continue to rise, traders begin to feel euphoric" Not driven by greed? Not sure what that means.... If you're not getting greedy while the market's going up (and you're long), what's there to be euphoric about?

"Given that it's probably life in prison for both, is it stupid *not* to try to escape?" Maybe, but first I doubt they will do a long stretch (maybe even get a pardon some day), and second, they will probably get a Club Fed-type of incarceration - you know, where you're on the honor system...

"I think that trying to bring Raines and his cronies to task would draw to much attention to the malfeasance with the company and tank the stock, which obviously the system really cannot handle right now." Funny - I thought the same thing about the AIG scandal. Too much damage to the markets...

Good points LU Trader, but..... The flip-side of the argument is: What made these guys worth so much money in salary and bonuses if all they do is blindly take advice from consultants? Where is the critical thinking and judgement being done? Put ME in charge, pay me mega-bucks, and I'll...

Or a bear market. What's the diff...?

"I've always been confused as to why they thought they could get away with it. " Hubris. People who "get to the top" can be the most psychologically dysfunctional because those are the traits that often get you there in the first place. Then you get the pump of being "the man" and having...

"There is a whole other world out there that none of you are qualified to comment on...including myself..." In other words - "You just don't get it..." Hmmmm... heard that somewhere before..... As for making millions but wanting millions more - there's a point where it segues into power...

I used eSig for a while. Abandoned them after they had a few FOMC days where the data was delayed 5 min or more because of traffic congestion. Either their tech guys are underacheivers or the empty-suit beancounters are starving them for resources. Doesn't matter as the result for the...

What is you max adverse excursion threshold? If you are already past it, you will need to find a new one. Is it 5K more? Is it 10k? You can either pare potential further loss by exiting part of your position, and the rest if it drops to your new threshold, or give the whole position the new...

$10K for a trading course? I'd want to see verifiable account records from a reputable broker before forking over any money. And even then I wouldn't pay it all up front.... It starts out with an interest in trading and maybe a few magazines and books. But then you realize that none of...

The average age of those guys in Market Wizards when they were interviewed was in their 20's?????

Not positive, but I don't think one copy of the OS can be distributed to other PC's on your net - otherwise how's Bill going to make his next gazillion, right?:p Running applications on a Vista server and exporting the screens to your other PC's can probably be done using VNC (free)...

So our "service economy" is producing accountants to help us figure out our taxes and lawyers to sue each other with - services that we don't export so we can't fix our trade deficits. But then, deficits don't matter anymore someone said. Remember that next time your credit card bill or...

A few of the booths had pretty girls... And the screens are getting pretty big... Some guy tried to hard-sell me on his account service. I didn't like that.

"Do we get, what we Deserve?. Probably." Ed Seykota in Market Wizards said "eveybody gets what they want out of the market." Probably true. Have you ever visited a room where someone comes in to do a free evaluation/talk about psychology? How large was the room (how many people?) How...

"As a person you might be a completely weak nervous f**k. Getting all of that sorted out, if ever, will not turn you into a successful trader. " AGREED!! Also, being a bold, confident trader with a sh!tty method won't help either. That is probably better Psych commentary than 95% of...

"Trading psychologists/coaches are primarily focused on making the few successful traders/speculators more successful" Perhaps - but "focused on" and "marketing to" are two different things. Frankly, how many of those type of fliers/articles/web sites are prefaced with the caveat "newbies...

"For what it's worth, limiting losses is much more important than your method/system" I would believe that the method you use to limit your losses is actually PART of your system. I know that studies have been done where a coin-toss can be used as an entry system that returns a profit as...

I am a bit confused on the "Trading Psychology" schtick.... I've seen tons of articles about not trading against yourself, or not being your own worst enemy, or trusting the trader inside you, blah, blah, blah.... But isn't that arse-backwards? Shouldn't those authors be showing you a...

The attitude I had after a while was - "Get used to it... It seemed to me that there were only a few outcomes when taking a trade. 1) You are ecstatic because you got in (ex. a long) at the best (lowest) price and got out right at the best price (relative to your timeframe). 2) You got...