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Futures markets are open almost 24 hours/day, though, so discontinuities like this are rare and there is no reason to say, before the fact, that such discontinuities won't be of benefit to you. E.g., what if you were short before 9/11 or long before one of the surprise Fed moves? Obviously...

I don't know that risk is only known "after the fact". Consider a trading strategy where items A,B,C and D must be present in order to trigger a trade and, if they are present, they require that an initial stop be set at "Price X" because if price reaches "Price X" in the course of that...

I am pretty sure that there would be "fat finger" limits on an account that would prevent the more extreme cases you state here. I am pretty sure that with Global Futures you are limited to 20 contracts per order. I'm not trading 20, so I don't know, but they do have a disclaimer stating that...

Before we ask how the markets were different, isn't it necessary to identify what could possibly cause the markets to be different? Markets fluctuate, regardless of the date. The only known mechanisms for biological evolution are natural selection and random mutation. Since the market is...

There's volatility in "chop", too, just of a different sort. The 80/20 rule I meant was if you have a 100% understanding of volatility, you are 80% of the way to being successful. The other 20% is stuff like position-sizing, money management, psychology, organizational skills, etc.

I am not a user of visual patterns, but I have found that the market adheres to a logical pattern often enough. That's what I trade.

The three main takeaways from Elliott Wave that I think are sound are that the market is driven by mass psychology, the reaction to the news is more important than the news and the market can always go further in one direction than you think it can. Now, if you take those building blocks...

Weed wouldn't make any difference in my trading, since it's all rules-based. Unless I wasn't paying attention because I got distracted. I think what leads to the demise of momentum traders is that their definition of momentum gets "stuck in time" and doesn't change as the market's volatility...

Sartre (who is not a favorite of mine, but I like this quote) said something to the effect that "I don't want to live in a world where men like those in the Gestapo can take me out of my home at night and kill me". So, if men like that show up and try to kill you, they're showing you what kind...

In my case, I've concluded that the more freedom people are allowed, the quicker they will do themselves in by doing something stupid. So, I advocate for maximizing freedom for everyone, just to see who can actually handle it.

Job-specific prohibitions as a condition of employment are different from blanket prohibitions applying in all cases and all times. And what would it matter if the doctor spent his college years getting high? The requirements for becoming a doctor are the same whether you are a stoner or a...

No human law like that is required. That's nature's law. Just works slower than human law.

Had a few trades, but nothing's caught fire. I chimed in because I have an aversion to people telling me what I can and can't do. Or even what someone else can or can't do. I don't care if you get high. I don't understand why some people are so interested in what others do. I can barely work...

Yeah, that's a purely rhetorical reply, so unless you're keeping your ability to actually reply logically a secret, I'm not going to take any advice about logic from you. You do know the difference between a rhetorical reply and a substantive one, correct? Here's a hint: a substantive...

Other than the "crime" of being high in public, anything anyone who was high could do that would instigate a criminal proceeding against them, e.g. trespassing, larceny, whatever, is already illegal. So, if you are high in public and not doing any of those things, where's the crime? The...

I guess these refiners just let the environmentalists take credit then.

The "spoils" of war with those countries? OK, maybe Iran's oil would qualify, but I doubt that Syrian sand or North Korean bamboo would be "spoils".

Governments do operate like a business, at least relative to other governments and the global markets for labor, products and services. If our government puts wealth into dubious "investments" in "people", especially if it's just a bunch of make-work, we'll fall behind internationally. A...

All that type of work is going more to machines than people. to the extent it's necessary work. I'd invest in 1 garbage sorter than can work 24/7 and won't expect vacation time over 3 garbage sorters who come with all the flaws of being human. Like I responded to the OP, there are lots of...

This would be fought in court by environmentalists also. They won't even let something useful like an oil pipeline be built, do you think they are going to allow a bunch of gold mines to be opened up? The US legal culture is simply too litigious for anything relating to large-scale...