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Damn MAESTRO! I'm not sure if I've ever read a more intelligent post on ET and there are few intelligent folks around. A few key words you used really jumped out at me: illusion, perception, subjective interpretations, experience, talent, and intuition. By far, the most important of them all...

I'm not sure if I'd say it's childish but it's definitely a statement based on ignorance. Comparing a performance in any financial market to that of a coin toss is a comparison based on ignorance. There simply is no comparison and it's puzzles me why so many people completely discount the fact...

Completely agree. NG is a terrific instrument to trade. In terms of leverage and margin req's, this bugger moves!

piezoe probably doesn't realize the HFT's will be exempt from the tax. All they have to do is grease a politician's pocket, join the department of a bank, or claim something like "market maker" status. A FTT will do nothing to prevent HFT. Joe Six Pack will be the only one paying the tax.

Agree. It's the same as getting a Tier I MBA. Some people are naturally born charasmatic leaders while others try to practice what they read in books. Some of the world's greatest leaders didn't even go to college. Trading is teachable but some people will simply be better than others.

Seeing as the IRS is so intent on unveiling the secrecy of Swiss Banks perhaps they can do the same with the Domestic ones once they're finished with the International ones? $1.2 Billion -- that's it? Should be able to put a couple zeros after that for Domestic Banks.

LOL. As I was typing my response I came up with 4000 miles but that would be too obvious so I made an adjustment upward to 4500 with 2.25's of 1000 miles in the Ocean and 1.25's of 1000 miles in Europe to end at 4500. Pretty close, eh? See above post.

They aren't interested in the answer you give them, it's your ability to think critically to arrive at the answer. For example, I was asked what the surface area of the John Hancock was. I went about it estimating the length and width of the building, relative to a football field. Then, I...

Not making any money? LOL. Read a few of my previous posts and perhaps you'll see I have a clue. As to the topic of volatility....the current market pales in comparison to historical levels of volatility. The VIX, for example, (a second-fiddle way of measuring volatility by any standard but...

Volatility? What volatility?

The OP does have a point -- this is the finest form of manipulation ever seen but the suggestion about it not being attractive? What's not attractive about buying and watching your trade/investment go higher and higher and higher and.....you get the point. That being said, the current move...

You don't think a heart surgeon feels stress when he/she loses a patient, or flirts with losing a patient when something unexpected goes wrong during the surgery? I've been good and long many markets when something happens to cause the market to take a shit and blow right by my disaster stop...

Terrific perspective. This reminds me of the time I started a Hedge Fund. After my first trading day I was down 1.5%. I finished my first month down 3%. This weighed on me heavily because I wasn't losing my own money, it was someone else's. Had it been my own 1.5% loss I probably would have...

This is a great question! I started trading in my early 20's and traded with a bonafide Prop Shop in Chicago after finishing my degree in Quantitative Finance. At that point in my life I felt the stress of trading but I was young enough that it either didn't affect me or if it did a few beers...

Anyone who says this doesn't trade. You can't operate in this business without stress, which leads to anxiety and depression if you don't know how to deal with it.

If you would consider stopping calling tops and buy a market that just keeps going up you may actually do quite well.

The price of gas is exactly what came to mind as I read the 1st page of this article -- didn't even bother to read they rest. At any rate, the mainstream media ran a piece about falling gas prices and the high inventory levels as the price hovered around $3.65 per gallon in these parts. In a...

A sch C regardless of what? It sounds as though you're saying all traders file Sch C's, or am I misunderstanding your meaning?

You bring up a very important point -- volatility. This is thee single most important market statistic that I track and I track it in every time frame and compare the measure of volatility from one time frame to another. Ignoring this statistic is like trading with tunnel vision. You need...

70+ pages on no stops in the futures market. I started a thread like this a while back and when you say "no stop" it really brings folks out of the woodwork. FWIW, I agree with the OP but only to a point. If your stops are physically located near the market you're going to get "randomized"...