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I've always found Ed's approach to be a bit too existential for my taste, but it is interesting how much it has caught on around the world. I agree self-awareness is at the top of the list, but perhaps achieving this notion does not require the... theater... that one may encounter with his...

3 times, probably $30K+ in all. The more preconceptions of what works and how things are done (and what is possible), and the more psychological hangups you have, the more expensive the tuition is going to be. I really believe the 10,000 hour rule is a good rule of thumb for this. It's...

How about a side bet on whether cutten is: A U.S. Citizen I've found politics and wagers can be a volatile mix, especially if you aren't a "local" where things are going on. At any rate if you want to be really depressed as someone with a "libertarian" bent, watch what is going on in the...

I will say with a young daughter at almost primary school age, you should really consider the kind of school system you would be moving into. CA is a basket case school-wise which is why A: So many people send their kids to private school (at significant cost) or B: try to buy or scam their...

My opinion is, unless you are single, that price point is going to put you in a situation that is sub-optimal. No I'm not saying you need to be some multi-millionaire just to live out here, but I am saying you will be shocked/disturbed/horrified at what 400K buys you if you have a family of...

The general rule of thumb is get as close to the water as possible. The valley is hot, crowded, and polluted (but somewhat "affordable"). My feeling is, if you can't make a $1 mil house price work if you have a typical family arrangement, or a $500-$600K condo/town house price work if you're...

You should be long biased since right after Thanksgiving in my opinion Jan 1 is a bit late to the table. If you're a long biased position trader, here's hoping that this action continues with a slow methodical grind up. If it really explodes to the upside and we get some crazy 4-5% daily...

First I agree with you "This isn't Libya" from a military perspective. What I am referring to is the western opinion at large seems to be lining up strongly now, which hasn't always been the case RE: Iran. If China really pulls the plug on imports, this will come to a peaceful resolution within...

Just like NK is China's junk yard dog, Israel is ours. So you just let the chain out a little bit and then tell Iran "We just can't hold them back much longer, this is one crazy mother****** and this chain is giving way!" It is passive-aggressive brinkmanship (which is any superpower's...

+1 Susan Li, Linzie Janis, Sara Eisen, and Emily Chang in the order the sun moves.

There is a point where the hassle will be worth making a call to Lloyds (or equivalent). They have both crime and default insurance options. Still a good idea to have your eggs in a number of baskets (globally) as well though...

The old timers around here are in so many words throwing up danger signs. They are fairly clever to not come right out and say "you're going to lose hard doing this" because: A. One can't be certain of this. B. You'll get 20 knuckleheads show up saying how well divergences work and how...

I'm sure many here would be curious to hear how you are "backtesting" this typically discretionary strategy. When I say backtesting, I mean the generally accepted notion that backtesting involves mechanical (computerized) testing over a historical data-set.

It is very doable (on a unleveraged basis no less) on say a 5 year average if you are small enough. You'll hit some liquidity issues later but for now that is a good target. Best of luck to you.

Couldn't have said it better myself. It is a huge logical fallacy to say something along the lines of "Oh you are against the war on drugs, so you're for babies main-lining heroin huh!?!?!". Just because we're against the Federal government telling us what we can and cannot do, does not make...

So far you've indicated you haven't tested enough (4 years isn't even often a full business cycle) and that you're over-leveraged. These are valuable lessons to learn (ideally beforehand, but it happens), and that is OK. The real question is, out of a sample of say 1,000 trades, is what is...

Where are the fresh new lows? Why aren't financials in the U.S. just grinding down (see XLF) the last two months when the headlines have been even worse? I'll tell you why, because (I hope) you all know damn well they will being intervening the hell out of this over and over until the number...

What people fail to realize is, there is no U.S. or Europe on this topic. It is one large private global banking syndicate who has co-opted anyone who isn't living in a bunker with guns and butter. So it isn't Americans bailing out Europeans. It is Americans bailing out ourselves, and by...

To quote the wise Lou Mannheim: "Jesus you can't make a buck in this market, the country's goin' to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard"...

That's France you need to be worried about, not Italy.