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We just have to disagree. Trading is a game of emotions. What emotions are involved when you are trading play money. Risk tolerances and money management are thrown out the window when it's only play money on the line.

Play money trading can never prepare you for the real thing.

In the 90s, his fund was always a laggard year in and year out. Could someone explain the allure of this book? It obviously didn't work wonders for him as a money manager.

A typical Elite Trader nonsense thread. If you can compound at 25% to 30% annually you will be in the same league as a Buffett or a Soros.

Six months?? We have had one of the most powerful rallies in history in all sorts of asset classes and I would think just about everyone has made money. Try three years to separate the winners from the pretenders.

You sound like you just got off the train. 100% returns? Maybe if you are trading a miniscule account. If you can *compound* your capital at 20% to 25% per annum you will be a trading superstar.

I guess to each their own. One of the better books I've read. I trade just about everything and I credit Mr. Smith for putting me on to junk bond funds which have made my year in 2009.

This is a joke right? I've seen so much fraud from Bloggerville as most of the trades aren't placed with real money. Big difference between trading with real money at a real trading firm compared to making trading calls on some blog or trading forum.

Linda Raschke closed down her LBR Pacific Fund or merged it into something else sometime in the 90s. Losses weren't all that bad around 28%. I

http://www.marketguru.com/Atilla Take a gander at this guy's track record. Down almost 75% YTD. And it will be worse after today. Undoubtably the worst analyst and trader I've ever witnessed. The blogsphere is filled with wannabes trying to make a name for themselves.

XTrends is the worst I have ever seen. Continually averaging his losing trades to infinity which I guess you can do when your trading is only simulated. He had another blog site in 2007 lost averaging his losing trades there too and the site disappeared. Here is an independent tracker of his...

No, a wildman who as the market keeps going against him will keep increasing his leveraged positions using an unlimited bankroll of make believe money.

Not sure who you are referring to here on ET but it's impossible in the real world of trading. It is possible though in the hypothetical world of play money trading where an unlimited bankroll allows you to continuously average down on your losers. One blogger who has a legion of Kool-Aid...