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Yawn.

I've blown out my account more than once. Very common. The worst thing you can do is to build up a stake and begin trading again. Time off won't help either. My advice is to stop trading completely and spend your time developing and testing a fully automated trading system (that means learning...

You can't figure that out?

I followed the career of a trader named Jaffray Woodriff who was outlined in one of the 'Market Wizards' books. His story was interesting to me because he is still using the same system he developed in college. Just before graduating college he related that he had a eureka moment and backtested...

It usually doesn't work that way. Most people cannot learn to gamble successfully until they first have an automated system to test their ideas.

In my opinion, if you are truly serious about trading you should stop trading until you learn how to program in a language like C++ or C# and have built and tested a fully automated trading system. There are many reasons why which I won't go into here. But in the end you can model your system to...

Thanks. I'm like a broken clock. I'm right twice a day. The rest of the time, not so much. ;)

I think the real lesson is, don't trade options period. Even if you are not leveraged the odds that you will blow out your account to absolute zero eventually are 100%. Options were never designed to be traded for profit. They were designed as a hedge against price swings in farming. You have to...

Tom didn't sell anything to anyone. Tom was just one member of a group of people who developed and sold TOS to AT. Tom also did not receive 600 million dollars. The money was split among the team.

I recommend anyone interested in this story go to Amazon and buy all seasons of 'American Greed'. You will see example after example after example of this kind of fraud. Many are outright scams from the beginning. Others begin with people who have no real trading skill, who were stunned by...

I tried and tried to tell people this might be a scam because she wasn't publishing audited returns. Watch a few seasons of 'American Greed' on Amazon and you will understand that these scams happen all the time. My relative was just taken for a good portion of his life savings by a shady broker.

Bloomberg. Sure. These news reports pretend to shoot down the idea. What they are really doing is putting it out there in the public domain to desensitize people to it, only to ram it through later.

It doesn't seem like cluelessness. It seems more like a concerted effort to screw people.

Both mouthpieces pushing this foul agenda are from a certain group. Take a wild guess. And No doubt there will be 'exemptions'. But.. not for you. Senator Bernie Sanders (mother's name Glassberg) Ron Lieber (NY Times owned by Arthur Sulzberger)

AT may be #1 in customer satisfaction, but that's not because of TOS. Only a small fraction of AT customers use TOS. The platform does not even support automated trading.

Thanks. So true. I agree that taking losses should not be viewed as some rite or measure of manhood.

I've noticed a disturbing commonality among unsuccessful traders. Mainly, that losses are 'no big deal' and 'part of the game'. While taking small losses can be a valid part of a well oiled, robust and highly successful professional trading system... the idea that losses are 'acceptable' seems...

Some of the best tests can be synthetic data tests. If your system can survive the rigors of stringent synthetic tests that push the limits of every possible scenario, your system might survive and even thrive in the real world. Of course, if the system passes these synthetic tests then it...

Yawn.

I know several self made millionaires who began and ran successful businesses and none of them resorted to this baloney. One of them was even a cattle rancher.