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From what I can tell, it's ALWAYS been like this. Fact is there's not a decent forum on the 'net.

Don't worry about BlueStreek. He makes money every day trading puts from the long side. Don't pay attention to the fact that the SPY is within 1% of multi-year highs. Facts like that don't apply to ubertraders like BlueStreek.

Ok, you got me. It's not refutable in the technical sense because it's not falsifiable. But let's skip that part because I think we both know there's no real conversation to be had there. What I do believe to be true is that people who have the necessary tools to achieve success in a...

Well, that's all nice, but none of it is a refutation, at all. I can point to many failed and failing traders who are getting exactly what they want. That can be entertainment, being a big shooter with a volatile p/l or the biggest position in the pit/room, or being able to say that they...

Oh, and Jim Simons of Renaissance. Holy shit do they rule.

Heh ... sorry you don't get it. I've been trading professionally, full time, for 13 years now, and it's WITHOUT QUESTION the truest thing about the markets I know. So I look forward to your easy refutation.

Niederhoffer. For too many reasons to list.

Yes, it's THEM. They all get together on a conference call every morning and map out what the market's going to do. You'd be invited, but you're not cool enough.

LADIES AND GENTLEMEN WE HAVE A WINNER. The first person who has hinted at the fact that the reason stocks go up is because THEY'RE NOT DOLLARS. No matter, though. I'm sure BlueStreek made his $2k out-trading all of us in his paper options account.

Keep calling that top!

Keep calling the top, dude! Eventually you'll be right, I promise.

Great thread. "Everyone gets what they want out of the market." -- Ed Seykota

The Boor, signing off. Good luck, Frost. If this is the help you get, you'll need it.

Haha ... you win the internet for the rest of the day.

Lol. Ok.

Correct. Portfolios of systems is where the real edge lies. Anyone serious/real knows that predicting markets is pointless. You make money by being ready for any set of conditions, where being ready is defined as having positive expectancy. Or you could do what Jimmy Jam does, and just...

Bullshit. Start making calls in advance if you want credit.

Blue Streek = awesome. Please let us know when you get long.

How is that useful? Who cares what kind of day yesterday was? Last time I checked, no one can trade it.

Successful trading is often very boring. Congratulations on learning one of the non-obvious lessons. If you look for excitement in the markets, you'll get it. Usually, you'll be sorry.