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    Best City For Traders

    It's possible that I am a douche bag then. I found the magazine to be a refreshing read from time to time, as opposed to all the other trading related magazines which just rehash the same TA theory issue after issue. Though I have to admit the magazine was almost comically pretentious and...
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    Best City For Traders

    Chicago. It was rated #1 by the good old, now out of business, Trader Monthly magazine also. I agree.
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    Emotional traits of the best traders

    I am in the camp that believes successful or great traders do experience emotions, but they know how to come out of those emotions or be ware of them while their trading, and more importantly, trading in extreme situations. How a successful trader emotes after or outside of trading is no...
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    Emotional traits of the best traders

    Relax, if I misunderstood you or offended you then I apologize, but there is no reason to get judgmental. I state that I think psychological aspects are an important, and often overlooked, element to a trader's success because this is what I have experienced during my journey to my personal...
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    Emotional traits of the best traders

    I was under the impression from your post that you were disagreeing with me in that a person's psychological make-up or strength, for lack of a better word, plays a vital role in a trader's consistent success. My post was made to address a few of your points and then to further, and more...
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    Emotional traits of the best traders

    I didn't mean for this to get into a large drawn out debate becasue both sides will stick with their views either way. With that said, you post some interesting points and seem well thought out. Especially with your turtle "rebuttle", you very well may know more then I do on that experiment as...
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    Emotional traits of the best traders

    With all due respect, I disagree with this post. Although both components are necessary for success in trading, I have found that most traders spend way more time on analyzing the markets and not enough time on the inner psychological aspects of trading. You can give a profitable system to ten...
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    Emotional traits of the best traders

    I agree with this analysis more then the OP's. The only part I would disagree with is the sharing trading ideas with outsiders. I am a profitable and successful trader who garners all of his money from trading alone, with no outside job or income for over two years now, but I do still find...
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    It's coming home, it's coming home

    We will have to agree to disagree. I would never even consider switching to currency futures for several reasons that I already stated including margin, my specific strategy, frequent cross trading, etc. Granted having a segregated account is an added layer of protection in case of a firm...
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    It's coming home, it's coming home

    Yes, I realize you can spread the futures or make synthetic crosses, another words. But this requires much more margin and has higher transaction costs. Obviously you would have to pay twice the margin with this set-up, when compared to spot crosses. Plus with the spot rates form a dealer...
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    It's coming home, it's coming home

    Futures are a horrible comparison and alternative to the spot FX market. The major FX crosses are so illiquid in futures they might as well not even exist and the lot sizes and margin requirements are higher also. I realize that the CME is coming out with smaller lot sizes with their micro...
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    $5 homes for Katrina "victims" courtesy of the US taxpaer

    So we are mostly in agreement then. You seem to be stating, like I did, that the negative aspects of the poor African American segment of society are culturally based. Pa(b)st was making statements like this, "Are blacks, en masse, any better behaved in the U.K., the Caribbean or in Africa...
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    forex and TA? why would it work?

    All of the information is in the price, or more accurately, in how the price moves in relation to the losing majorities opinion of where it will move. There are ultimately many factors which determine how and where the price moves but, on average or better yet the majority of the time, price...
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    Should I worry?

    Your post here just shows how clueless you are to this industry and to my previous statements. The account that I posted was not from that investor as he is in the larger fund that I manage. Like I said before, that account was from a family member on the side who does not have the income...
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    Should I worry?

    Listen, I am not here to debate my posts with you or anyone else, nor am I here to make live trading calls. I am coming here as a successful trader offering advice from experiences, not theoretical ideas like yourself. Another words, my advice and points are not debatable as they are proven by...
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    Should I worry?

    I have never attacked anyone for questioning my posts. If you read this thread, you will see that I responded to a person who questioned one of my points very politly. You did not ask a question about something that you disagreed with, but instead stated that my point was wrong and preceded to...
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    Should I worry?

    I will add to this post and state that the reason most successful traders don't post here, even if they have the time, is because they have to deal with constant attacks from a few unsuccessful traders who have an ego problem. A guy I used to trade with told me this verbatim and I didn't...
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    Should I worry?

    Hey look who's back to criticize, while knowing little of anything with real value. Like I said before, if people want to listen to your theoretical garbage they can, I have no way to prevent them. I never said it was the only profitable way to trade or the most profitable way and I am not...
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    Should I worry?

    Good points. First off when I say panic selling or buying I am not just referring to spikes. The markets can move and stay at a certain level before all or most emotional "weak handed" traders exit their positions. So, though in my post I focused just on panic exits, that word may not have...
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    Should I worry?

    If you keep attacking my posts and claiming that my advice is wrong, then I will continue to state that your advice is theoretical garbage from an unprofitable blowhard. I don't bother anyone else, because they don't always chime in like an arrogant know it all and state that my advice is...
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