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We also elected Ronald Reagan, who most of you who are conservatives and ripping CA probably consider damn near second to jesus. That said I'm very anti-Reagan. I'm anti-neo-conservatism and he is the one who kicked that whole train wreck off which in the end is destroying the country. I...

The problem with running institutional money is they want something for nothing (all the reward none of the risk). The more you try to give them what they want, the more you will end up either A: Tracking a macro-oriented tactical portfolio, or worse tracking or underperforming an equities...

I just can't imagine some of the things I went through in my formative trading years if I was 40+ with kids and a wife. That isn't to say it can't be done, it is just a daunting thought to me. What happens when you're down a million and you're wondering if you can climb out? What if you go on...

This is a very clever phrase which certainly shows some degree of enlightenment. It seems to be a necessary step to go through all those trading books because it is a logical first step for someone who aggressively wants to learn. Eventually the realization hits that while there may be some...

My advice is to stay away. This is a business to learn when you're "poor" and you don't have a ton to lose. I did it being single and spent most of my 20's paying "tuition" (not that there weren't a number of times when I thought I finally "got it"). My "tuition" probably cost me $60K in...

I wonder what Kospi or Hang Seng traders think, because I believe this is just some mild indigestion for those guys in terms of how their markets have traded in recent history. Western markets haven't been volatile for a long time due to a number of factors but really this is just 3rd world...

You're under capitalized (for this style), trading heavily correlated instruments, with no historical and walk forward statistics to back you up? It doesn't have to be like this for those who haven't jumped yet. Let this be an example of a much too well beaten path to destruction...

I can't believe the U.S. is anywhere near the right hand side of this chart in recent times. I have to imagine it was completely off the right of the chart (but obviously not as high) before the first federal income tax was passed, after which the federal government started the death-march...

Particularly as we discuss futures trading, the only thing that really matters is return on risk. This is because of the potential leverage involved. If you made 10% with a max open DD of 1% (not notional, I mean the account) for the year, then I would say you are doing very very well. Want...

I'm not sure if you mean calls as in options or calls as in selling predictions. I'll assume you mean options. "FREE" knowledge alert: If you do the research, you'll find that call options, on average, cost more in the spread (or lack of liquidity), and theta decay, compared to paying...

I think the person who posted earlier about real-estate being illiquid and thus hard to "over-trade" is quite insightful. Perhaps the elitist phrase du jour should be: Those who can't trade, invest in real estate. Those who can't invest in real estate, mow lawns. All kidding aside I...

I've never liked the liquidity and price transparency proposition of real estate versus liquid stocks/futures. I think if you were to approach it like a (potentially leveraged) bond acquisition with questionable liquidity, that might be your best bet in terms of how to view it from a...

I think the underlying theme of this thread is actually poignant because a good woman can really bring you up to another level. A bad one can take you for everything you are worth both tangible and intangible. This can really impact your trading/mental health, and your account balance. The same...

The great irony inherent to this topic is anyone who worships you as a celebrity is not worthy of your time, respect, or care. Thus seeking celebrity is a paradoxical endeavor. It is likely only enlightened minds will truly understand what I am getting at here, but if you find yourself lost...

I've been here (Newport) for 6 years. Yes of course on the surface it seems to be a bastion of uber religious Reaganites (compared to the rest of the state, at least), but the key thing to remember is that people here are only religious when it suits them (aka it doesn't get in their way) and...

While I agree with the premise of the run away government here in CA, the first thought that came to my mind when watching this video is: I hope that guy doesn't get into the water here and have a problem ;) There is so much public sector corruption and waste here, this is just the tip of the...

Thank you. Can you tell us who you are using as a data vendor for historical intra-day breadth data?

Mark I'm curious who you are using for intra-day breadth data. It has been awhile since I looked at these topics and I think it might be time to dust off and revisit. I prefer to do my own due diligence and research and I don' t mean to keep us off topic RE: TRIN but the tidbits you just...

I hope many of you knuckleheads out there can appreciate when a professional speculator shows up and is actually willing to have a dialog with you. Which is why I am surprised (OK not really, it is ET after all) at the attacks and slander when there could be a productive exchange going on...

I don't really know Mark personally, I've just been lurking in the woods for a long time (in trading terms, an eternity really, very few people last more than two full cycles). I also picked up a lot of valuable insights from him that saved me research hours (thanks Mark). Well I think if you...