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    THE MARKET WIZARD THREAD

    Quality thread, deserves a bump.
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    CNBC/CNBC World or Bloomberg

    Do you also use a econoday-like site for earnings?
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    Art prices will drop by 40 percent this year as speculators leave market

    yea, like Heidi Klum, just meat and bones :)
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    Line in the sand

    whats necessary to ban this troll?
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    Stock_trad3r

    You know, I used to think this guy was a troll, but trolls comes and goes, and after all this time I am starting to think this guy is something different, I mean he really believes in what he posts and elite trader is some sort of scape valve of the mediocre and lonely real life he has. So nkow...
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    Looks like a market break out brewing

    I thought you said that there were no changes in the economy since mid 2007?? WERD...
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    Even if you have a nobel class scientific system of averagin down you are just one fat tail event away of getting wiped out (ask LTCM). Victor Niedderhofer is another manager that uses statistics a lot and doesnt like stop orders and he blew two times, and I consider the guy a genius.
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    RFT, I hope you realize you said a very dangerous and vague remark.
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    :) To be fair, in other parts of the interview he gives clues about his approach to this matter: Mr. Cohen Answer (to another question): “If you think you’re wrong, or if the market is moving against you and you don’t know why, take in half. You can always put it on again. If you...
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    The comment 2 shows you agree (and think it is obvius) that traders make bad bets almost as often as good bets. So if you dont stop/or average into losers you simply start holding the position for a longer period of time, and stop trading. I about comment 1, I still assume you close, sooner...
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    Steven Cohen: "This is not a perfect game [...] you’re going to be wrong a lot"

    So, yesterday I was re-reading the Stock Market Wizards book, specially the Steven Cohen interview, and I found a piece of information that deeply caught my attention: Mr. Schwager Question: When you put on a trade and it goes against you, how do you decide when you’re wrong? (The question...
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    Free Stocks and Commodities Sub's.

    Don, are you replying to the e-mails? I sent you one yeaterday, but I dont know this offering applies to outside of US residents.
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    S&P 500 Slow motion crash article by Adam Hamilton

    In this era of consumerism and emergin markets huge demand there is no such thing as sell cycle, everything is headed up north always, so just buy bidu ewz rimm spy and fade the media generated fake credit crunch. Dow 14K EOY
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    Looks like a market break out brewing

    Care to back it with numbers for a change?
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    Looks like a market break out brewing

    still waiting, stocky.
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    Oil is surging ..15% rally from lows

    is it being traded today? or do you mean the close compared to yesterdays high?
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    Looks like a market break out brewing

    Haha, oh please, could you give one, just one economic variable in the micro or macro level that didnt change over june 2007 and now? Should be easy...
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    Looks like a market break out brewing

    So abusive? They even let the him post in the main trading forum when his posts should belong to chit chat, at best. I think they are pitty of the poor guy, knowing he is "challenged" and that posting crap 24/7 in ET reliefs somewhat his pain.
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    Looks like a market break out brewing

    GM bailout "news" again? So much for beating a dead horse for the third time, another fading opportunity.
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