I read Elder's book many times and feel he know trading very well. But he is a practicing doctor, a trader and giving seminars. Is it possible to do so many things at the same time? Many people said trading is a full time job. I agree. Does any one know him personally or know his trading results?
Started with stocks, then QQQ, then NQ/ES. This path seems to be quite common. I saw many such traders, including me. Does it mean trading index is better than trading stocks?
This is one of the the reason why human being is still required in trading. My own experience is if there is a spike that triggers the entry, you may sometimes need to cancel the entey. It depends on the amplititude of the spike, of course.
psychology: help you to control your own mind --> very useful (if you could do it)
statistics: help you to design trading systems and risk management --> useful
econ/finance : try to understand and explain what the market does --> shit!
accounting : help you to understand the (bogus)...
In New Market wizards Sperandeo said he also trained and gave capitals to people to trade but those successed quit. I think this could happen anywhere. Why FNYS still doing such thing.
We pay money to go to colleges. Why do they pay money to people and teach them? I think they know many of them wouldn't be successful. Those make it may not stay with them. What is the point of doing it? FNYS pay 45k to people, is it a charity?
Yes. I just want to know about the quality of the courses that go with a trading room, not the student investment funds. But the later is also an interesting topic. I read the performance of the fund that run by the students at Cornell. It seems they are running an index fund. Their results...
There are some colleges that have a trading room for the students to learn the market with real world data. Did anyone try them? Are they helpful? Do they offer practical knowledge to the students?
The colleges that I know have such facilities are:
Illinois Institute of Tech
Bentley...