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"I use a fixed stop, based on months of tedious analysis demonstrating that no profitable trade has ever run that fixed amount against me. Only losing trades have hit that level (or more) of heat. There are cases where if I placed a much larger stop I would be kept in what would eventually...

"Hollywood" and the entire entertainment complex has created a degenerative mental disorder in a large portion of the American public. If the entire industry dropped into the Sea perhaps we would have a chance to turn things around.

Many traders exit trades because they have been told to "use stops" , with no other supporting logic. For example many have a blanket rule, "I use a 2 point stop" or whatever. The effect of this is that they end up exiting trades that if they were not in the market, they would be looking to...

Aid to Africa is often an indirect subsidy for US exporters. It is also a subsidy for the international NGO bureaucratic fiefdom. But to address your question, no, charity does little good beyond the very basics, such as when a person is truly a hard luck case and eager and able to get back...

I would estimate, what, 80% of people out there are doing make work jobs that contribute no economic value. The economy does not need most workers anymore do to automation and offshoring. We have a massive oversupply of people. You need to judge yourself by other criteria. As I have...

"Why does corporate in general, look down upon individual and entrepreneurial effort. Success at any kind of entrepreneurial endeavor indicates that you have some real business smarts that could benefit the company in question in the long run. Rather than faking your way through the job and...

Natural Gas and pretty much anything else

Baron has just provided a valuable lesson on making money with internet sites. It is amazing how clueless some posters are, not just in a trading sense, but in the general sense of how to assess value or make a business decision. If you ever thought this site had "zero" value or...

Ones expected lifespan increases every moment one is alive until one is dead as it always has a positive value. Altuchers scheme sounds like yet one more bailout for the usury economy. Talk to your grandparents they never used credit for anything. The capital gains on housing...

The problem for many traders is that the places they tend to put stops are also great locations for a reversal trade. They have this internal debate because they notice that over a short duration of time there is in fact a positive edge to NOT stopping out of a trade. As a general...

Hearing you discuss Texas makes me want to move back. My home town is in Texas - Fort Worth. Ever been there? Sooo many billionaires, centi-millionares, and deca-millionares in that town. Must be one of the richest small cities, if not the richest, in the USA.

Hmm, what exactly do you think the guys on the floor and in the pit used to do? There has ALWAYS been an inside game. IF HFT is really eating at you, I suggest you might be trading a style that does not fit your position/access/technology relative to the market.

The only qualification for being "brilliant" today is doing well on a standardized test, going to the right school, and having the right friends. Your actual effect on the real world? Heck, as you guys say, you can leave a trail of ruin everywhere you go, but somehow you are still...

taleb overestimates the importance of academics. If the Academics had never existed, some other rationale would have been used to justify bad behavior. The particular rationale that was used is consequently of limited significance.

Then if the fed succeeds in pumping up inflation the government will do the heavy lifting of paying off the mortgage for you. If not u still have the low rates.

I would say for the practical trader thinking about this is fun but not practical from a business perspective. Trying to do so will tie up capital often in a wasting asset such as a commodity ETF or futures contract. I say go (or at least try to go) where the easiest money is. In trading...

11 years ago I had a broker try to sell me software that would put an up arrow or down arrow on my charts letting me know which way the trend was going. The trend signal was supposedly based off of floor trader secrets. I am not kidding.

I don't particularly care what Ahmad...whatever says. They say the North Korean leader said/says crazy things too. Did that stop Clinton from GIVING him a nuclear reactor? (No, it did not). The foreign press was able to take excerpts and make Bush seem like a criminal monster. I...

Am I the only one to whom this notion sounds like a living hell? Consumer society has metastasized from something serving human life, to something that has become a mindless addiction and ultimately a burden.

I could not agree more.