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In another thread, another profitable trader said that after finally achieving profitability he feels that the popular idea that there is a time that you cross the threshold and you finally "get it" is false. I disagree with him --- but even while disagreeing, I'm not sure what it means to...

Wow. That is persistence! There are not too many people that would have or could have stuck with it as long as you did. Congratulations man. One question though, although I am in full agreement that trading will always be hard work, I believe there is a time when you finally "get it". And...

I couldn't agree more. I don't think it ever stops. I guess that's whats so engaging about this career path.

Great post about excitement and trading from a trader considered one of the top traders in the world...under 30 years old. http://www.smbtraining.com/blog/six-flags-theme-park-and-trading

My early days consisted of: - being excited about trading the markets everyday - pretty much losing money everyday - still maintaining excitement after reality set in that trading is a difficult trade -- pun intended - still having more losing days than winning days - got a nighttime...

Why do you assume a small amount of capital? Why do you assume he hasn't failed? Why do I assume that you haven't read any of that guy's other melancholy posts? Why do I assume that you've never earned a profit from trading even a baseball card? You presume he has? No. You mean you assume he...

Lol. Not if you bought 1 month ago.

I agree for the most part. The actual act of trading should be boring to the extent that it shouldn't be edge of your seat exhilarating....at least not for me---except for the times when there is volatility that can't be avoided. I find trading to be engaging. Engaging, for me, doesn't equal...

If you honestly accept what failed_trad3r said as truth, then you're an idiot. There's a credible if/then statement for you. The horrible example that he used is littered with if/then statements with data points that are engineered to prove his bias as correct. His example is easily one of the...

People may not agree on how much credence to give to a particular setup, but the fact that setups or proxies to initiate a trade that consistently repeat over time is indisputable. You can talk semantics all day my friend, but if you're not looking for specific types of situations consistently...

BP + bankruptcy = highly doubtful

The concept of a setup is mostly absurd is an absurd statement. Everything below is courtesy of Stockbee: As I have said many times setup selection is the key. Unless you are able to define a good setup for yourself your trading is not going to progress much. Unless you define a setup you...

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ I've never heard of sterling, but it appears that the above person was talking about a server for sterling (whatever sterling is---be it a prop firm or bank, etc...) that crashed during that remarkable volatility. So it doesn't sound like a firm went...

Its unfortunate that in this business so many people gain satisfaction from the misfortune of others. Maybe that isn't the motive behind the thread but I'll say it anyway.

- Hulu - Work on new trading ideas - Computer games - Trading blogs - Gossip blogs - Skype - Instant Messenger - Take a break and walk around outside/exercise

I did got filled on some good trades and none of them were broken. The most detail I can give about my story is that I've been trading for almost 4 years full-time and I've never seen anything like quite like that except maybe once or twice before in October 2008 and December 2008. I...

Here is the primary risk of why frontloading the US Treasury with ultra-short holdings is just asking for a capital markets/liquidity/solvency/sovereign crisis. So far in April, the US Treasury has redeemed over $484 billion in Bills. That's nearly a half a trillion in mandatory cash outflows...

Those damn exits. You're so right. I think I'm a teenager when it comes to my exits (on winners that is --- I'm good at taking losers) --- sometimes I show flashes of becoming a mature adult and other times I'm just an immature brat. Lol. I guess slow progress is better than no progress.

It's not about taking money from other people. I don't understand that approach to markets -- I do understand it but I don't understand the benefit of approaching trading in that manner is a better way to say it. Anyways.... You do not need to be able to predict the future or prognosticate...

Niiiiiiiice. Congratulations and good luck!!!!!