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It's called intuition.... You develop it after watching the screen for a long f&$#@ time. People ask you "what do you look for" or "why are you entering this trade" and your answer is a variation of "I don't know". I know a wildly successful trader who has this ability.

True. Did you catch the zero hedge article about it? I can't link cause my copy and paste isn't working :mad:

Well, Brent / WTI Was a spread until it wasn't. Know what I'm sayin? I'm not trying to refute what you are saying because I know exactly what you mean. But it was doing alright for a little while (pre May) in terms of that risk standpoint. Am i wrong? I guess it loses a lot of credibility as...

Ahhhh... It all falls into place now. I was actually on the cointegration train during the time I messaged you just recently. Still chipping away at it though, nothing much I could really ask you about haha. Using MATLAB. Hopefully it will turn into something useful

To pick the brain of the resident expert: What do you look for as desirable characteristics? :cool:

Either they all separate and the d-mark comes back. Or enter United States of Europe.

The recession is a reality... You don't pop a credit bubble so monstrous that it threatens the solvency of the US and EU and then continue life as usual a mere 3 years later. Japan was still recovering by year 10 and their problems remained relatively isolated. Households deleveraging is...

Hey guys, I have access to a bloomberg terminal but I don't know how to use it. All I really want to do is export historical data on the S&P500 and DJIA for the past 50 years (though I don't even know how far back bloomberg will go) so I can play with it in excel. Easy way to do this?

Long LNKD.. Markets can stay irrational longer than you can stay solvent!

Was just thinking about it this.. Is a mechanical stop loss for someone who cannot discipline themselves to the point of pulling the plug, accepting defeat, or identifying when they have lost in the heat of the battle? It is so much easier to just be forced out of the fight by something you...

Thank you all for the input. From what I've gathered by all your responses, I'm not doomed if I DON'T go to school but it will probably be more difficult to break into the industry. If I do go to school it significantly ups the speed at which I will get into portfolio management plus I might...

I've been hmm'ing and haa'ing as to what would be the best path to follow to pursue portfolio management. I'm obviously not expecting to get to the top for a long time, that is not the point though. I want to make sure I make the right decisions. I am 21yrs old. Had my head into the...

Point taken... You're pretty much saying let the market come to you, and I already knew that.... lol Thanks for the reminder

haha... well you know what I mean. Their bond prices are going apeshit

Is anyone shorting the EUR pending Greece default?

Poker and Trading are pretty much the same with a few differences. Poker involves an exponentially greater decision making ability and endurance than trading does. A trader can make 2-3 decisions a day, a week, a month, a year and still be relatively profitable. A poker player has to make...

I was long USD/JPY when they first announced the Government manipulation. Had another order at 84.65 after it made that 84.50ish low but never got filled. Dumped whole position in anticipation of a market sell off in Japan on Friday, never came to fruition so I reentered at same level...

My theory why stocks went up: The ask continued to rise and get punched while the bid followed the ask.

I thought school didn't really matter after you land your first real job.

How do they stack up against each other and who would use which and for what purpose? I just spent my first 2 hours ever on a Bloomberg Terminal and I completely jizzed my pants at the extent of the features and data, ease of use, etc. Jizzed my pants. So many unanswered questions were...