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  1. efficiency

    Crane Operators making $500K???

    That and...........unnamed sources always add an element of credibility to any article. Jeffff, from Cornell, an Ivy League bastion of higher learning, was the only one cited.
  2. efficiency

    What realistic annual % return you expect?

    FAILED trader? Probably appropriate. First and foremost, there won't be ANYONE trading for 100 years. Eh......maybe a few after 60 years. Blackstar Funds did a study of the Russell 3000, spanning 1983-2006. Results included 64% under-performing the index over the LIFE of the...
  3. efficiency

    What realistic annual % return you expect?

    There's quite a few people that make 20% per annum. Compounds quite nicely. Beyond that nice round percentage, as capital (and thus position size) increase, returns don't rise exponentially.........consistently. A rising tide lifts all boats. Drawdowns are a matter of discretion. The...
  4. efficiency

    SEC charges 14 specialist firms with improper trading

    Clueless? That's the pot calling the kettle black. Why trade a stock controlled by a specialist? Pssst, that would involve any listed issue. The ax is the entity most married to the stock. Perpetually. CEO's come and go. The post for the stock remains unchanged (unless the ax is...
  5. efficiency

    Doesn't this seem a bit excessive?

    Pre-holiday, end of quarter, over-sold. I didn't mention Greek austerity nor QE-2.
  6. efficiency

    Which way do you favor - reading trading books or ipad/kindle?

    Now, just how are you going to take notes in the margins?
  7. efficiency

    CBOE moving stock exchange to East Coast

    CBOE, biggest den of thieves I can think of. What are they going to do with the "C"?
  8. efficiency

    World Longest Bridge = Silliest Too!

    Billions/ (20 mintues x # of vehicles) x life of bridge in years = ? In turn, minutes can also be translated into liters of fuel.
  9. efficiency

    (WARNING) I'm revealing a dirty secret about trading..

    Big move meaning trend or price persistency? IF so, then why exchange a proven position for fresh risk?
  10. efficiency

    (WARNING) I'm revealing a dirty secret about trading..

    It seems to me what you're suggesting is to scale out. Correct?
  11. efficiency

    The 98% Who Fail

    Since I have far more losses, scratched with the flick of the wrist, than "wins:, why...........it's easier to remember the wins. Nevertheless, I maintain a copius losses journal for when truly wacked, generally a result of gaps. Paid for those lessons, not going to discard them. As for the...
  12. efficiency

    What was the ***last*** thing you had to master before becoming profitable?

    Reduce over-trading. Not to open another position until ALL open positions are green. Green or out (and replaced).
  13. efficiency

    Banks Want to Lend, but No One Wants to Borrow

    Banks make a tidy profit paying nothing for demand deposits and next to zero for time deposits and buying 10 to 30 year "risk-free" T-Bonds with the steepest yield curve of all time. Eh, I shouldn't say nothing for demand deposits, there might be a toaster or electric blanket involved.
  14. efficiency

    Zerohedge Down All Day ??

    Tyler Durbin tangled with the wrong person. Rumor has it, it was a bookie from Milwaukee. Soon as the swelling goes down, back on line.
  15. efficiency

    Day trading is losers game

    I must be a modern Rip Van WINK-ull Musta missed sumpthin', somewhere. Mayan calendar? Since I rely upon numbers, I would hope it was just a clever way to terminate a blog.
  16. efficiency

    Is trading a useless/unproductive activity??

    That is true. Well equity traders don't aid in capital formation in the context of benefiting companies. But then, neither does Wall Street beyond IPO's and secondary offerings. We do provide liquidity to other parasites, and a few of us do pay taxes (for the government to piss...
  17. efficiency

    Why the hell...

    This is a predator/prey arena. The predators, are big, faster, and have deep pockets. Therefore the prey shouldn't anything that moves. From what I read on here, it appears they do. Also addicted to short term gratification. More interested in being "right" than making money.
  18. efficiency

    The world's best trader worked for Bernie Madoff

    Succinct would be nice. "Best" is a strong word. Lacks credibility. Q. More importantly, why bring 2 year old shit????? A. Content Altucher looks like somebody I would have dicked around in junior high. In high school he'd been pulling my jersey over my shoulder pads. Daily. Like...
  19. efficiency

    Check out the following stocks

    Investor? This is a trading site. Cisco's average daily volume is high. Saturated. It's not going to move much one way other the other. Churn. IF it was a key index component it would be a different story. There's too many other stocks to even consider it. Stick with Analog Devices or...
  20. efficiency

    Check out the following stocks

    Nothing like a summer rally to give you a false sense of "security". I would agree Analog Devices is the best of the bunch. However, it's more apt to re-test the breakout in the low 30's than break 40. In between it's worthy of extracting a sliver. Altera isn't too bad either...
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