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Screen shots of one day's trading aren't good enough. You need many months, and preferably years, of monthly statements. Also, tax records that prove his trading is profitable.

"a lot" is relative, and I'm sure my $4,000 is nothing compared to your million dollars.

Strong job report slammed my initially good long short term bond/note positions. This is a danger in taking counter trend trades. Maybe I should change my name to the "last samurai." :( Also note the sudden weakening of SF and Jyen in concert with the decline in bonds/notes.

The gurus tend to all support each other. Larry Williams has positive comments on Ryan Jones. Linda Raschke praises Larry Williams. The exception is "guru" Gary Smith. He's the "average Joe" trader that has done pretty well for himself. Very honest.

Recently got out of my loss and took a -$3,800 beating overleveraged (3-5x capital) short Lean Hogs. Unfortunately, this wiped out about 70% of my trading profits during the past 3 weeks. :( Despite strength in other currencies, Jyen is surprisingly weak. Bought SF at 7596 low, and also...

Very true. The byproduct of both trading in financial markets and gambling in Las Vegas is job creation for the people who support such service-oriented businesses. In that sense, "value" is created.

The same question can be posed about the entire legalized gambling industry. What about Las Vegas? Well, they offer entertainment. Gambling is a form of entertainment, and to some people, trading is actually a form of gambling.

Interest rates don't correlate perfectly with stock prices. Early 1980s was a unique period of very wide (particularly declining) interest rate movements, and his strategy worked well then. If this strategy still worked, Marty would be richer than Bill Gates by now (assuming exponential growth...

Haha... very true, and I bow down too. Anybody who can consistently make a million a year trading, starting with modest capital, is a very great trader in my mind, I don't care if MAs were invented since the John Law South Sea Bubble days.

LOL... I was thinking the same thing!!!:p Anybody who makes >$1 million per year must be affiliated with the elite group of Zurich gnomes :)

Constance/Connie Brown's book, "Aerodynamic Trading," is pretty good. It's even recommended by Eli Tullis, king of the Cotton Pits.

LOL:p Very good point. If Michelle Williams started teaching guys to trade, I'd be one of the 1st guys to sign up!!!

This is the wrong emotion, but I'm PISSED at myself! I make a lot of good trades with very good timing, then suddenly I lose a lot on one bad trade, which is overleveraged, and this seriously kills my other profits. Anybody have these experiences?

Inflation-adjusted, Rich Dennis's $200 is something like 4x that today.

Gary Smith said Marty might be one of a kind, because very few people can intra-daytrade and be successful. However, I do like a lot of his ideas in "Pit Bull" and find his real life story very motivating. If you trade a longer time frame, you can't use the same tools he does, such as the...

Commodity funds tend to avoid the SP like the plague because of many false moves and choppy nature of the markets. Commodity traders tend to lose big when they try to trade stock indexes, and I can attest by past experience although that situation is starting to change. Marty Schwartz trades...

Trade smaller. Mood swings correlate with % of equity fluctuation.

If you make a consistently high return across bull, bear, and sideways market conditions for a long period of time, consider it that you have an edge. Edge and money management is what counts.

Well in 1980 his accounts made and lost $47 million according to a tax court memorandum document. He basically broke even that year. If he did declare bankruptcy, then it would be a matter of public record.

Today's break in the USD and rise of Foreigns might suggest a delayed interest rate hike from Feds.