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Paul Judd? You gotta be kidding. See the attached link. And also check for other enforcement actions against him. I asked once before, who do we blame? The dream merchants and their bogus promises of unlimited wealth or the navie they prey upon who want to be believe as true that which...

More than anything Livermore was a master market manipulator - and I don't mean that in a negative way. It took brains and trading savvy to do what he did. But once the SEC was established in the early 30s and banned many of Livermore's ploys, he was never the same as a trader.

I better clarify my above post. It's not so much our tastes change as we get older as we expand our tastes. I still enjoy as much as ever the same music as when I was younger but I also enjoy types of music I never dreamed I could like - such as country and western. Then again, if you listen...

I voted absolutely no, although more seem to disagree with that stance. I would think that our musical tastes evolve as we get older (mine has changed drastically) just as our trading evolves as we become more experienced and our trading capital increases.

Oldtimer said it best. The problem with the futures is the leverage. Leverage is a killer for 95% of the retail traders out there. Overtrading (combined with the leverage) is the other killer. I note that the real money Rydex traders ( primarily leveraged mutual funds) monitored by...

Nice post harrytrader. Really makes you sit back and reflect. As to the replies, yes, to be a success you must love what you do and do it passionately. But some of the rich and successful people I've encountered have been so one dimensional that they practiced their passion until the day they...

You need persistence to make it in this game and (at least for me) it was my passion that fueled my persistence during the bleak times.

Jeff Cooper says >>>>> And, by the way, hedge funds are considered the public. <<<<<< Very true in the data released each week from the NYSE. And the rise of the hedge fund industry is precisely why there has been a secular trend towards more shorting by the public and why the specialist...

This week the specialist short sales ratio, reported with a two week lag, is 20.6%. I don't recall this ratio ever being this ultra-bullish. Anyone still follow this indicator? Of course, nowadays I notice such drastic changes in various indicators are easily explained away by the gurus to...

I apologize if I misunderstand your post. But are you saying you are finding it much more difficult to trade your own money vs. when you were trading the house money? I would think that is two entirely different psychological disciplines. I've heard lots of stories about traders who were...

Ari Kiev's book The Psychology of Risk is one of only two books on trading psychology that I found worthwhile. The other is John Hayden's The 21 Irrefutable Truths of Trading. Hopefully I can include a third book to that list after I finish Brett Steenbarger's The Psychology of Trading. It...

I thought I better say a thing or two about this topic as I inadvertantly started it on another trading forum. My post arose from comments made by another trader about how seemingly easy it is to take money out of the stock index futures on a daily basis. Whenever I read how easy it is to...