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Hello...Newman

I just listened to Michael Covel's interview with Toby Crabel. Crabel is a trader I've studied quite a bit, due in part because a friend of mine has worked for him. I highly recommend listening to this interview, as he makes some good points. One key point he makes is that "your edge needs...

Interesting to me that there are no other comments on this thread. Alot of the day traders on this site could benefit from Crabel's work

Acquired his wealth through financing the railroads, U.S. Steel, GE, etc. What does that have to do with trading? How often do banks go under because of bad loans and trades? Pretty much as often as the hedge funds. Given the London Whale trade, the Nick Leeson Barings Bank fiasco and other...

Ultimately, if you are a trend follower, you need to have multiple strategies in place, because it is just too difficult to determine when a trend has begun, and when it will end. You also won't know once it begins whether it will be a nice smooth trend or one of those ugly choppy trends. Sure...

Compare the net worth of James Simons, George Soros and Steve Cohen to the heads of any of the largest banks...Jamie Dimon (JP Morgan) is probably the most powerful of the bankers. No comparison. Dimon is probably not even worth $500 million, whereas the other three are all worth over $10...

I have services, but not trying to sell you anything.

No offense taken. There are many things you can ask, but there are usually multiple answers. You need to basically ask yourself "what is my edge?" If you can't define it, then you probably don't have one. For example, a long term trend follower knows that they make a lot more money on...

Well, in my experience, they all look for some kind of edge before deploying any money. At Brandywine, we traded over 100 models across over 100 futures markets. These models were all tested thoroughly before implementation. Some were trend following models, some were based in fundamental...

Great place to start looking for ideas in my view..."New Market Wizards" as well. Both are old, and times have changed, but still pretty relevant.

And Merry Christmas to you as well. I'm happy to offer more specifics if asked specific questions!

All I know from participating in this forum is that there are a lot of traders who focus on day trading and are simply just searching for a strategy to come along that finally works. They are employing their own capital while they do this, and just lose. We all know that the vast majority of...

You can start with $5,000, but you'll have to stick with stocks or ETFs. If you can only trade 50 or 100 shares, so be it. Don't be in a hurry to grow rich starting with so little...it just won't happen unless you risk too much and get lucky. Keep this in mind, you don't have to trade...

I don't trade it, but I know it well. It's a tough system to trade for anyone. I've tested it quite thoroughly, and its performance since 2008 has been brutal. The Turtles themselves have had a rough time over the last five years. 2014 has been their best year since 2008, but several had...

Good luck with your trading

As I recall, many of those big banks also required a bailout a few years ago.

The banks are also much older and have far more employees, therefore they need those big buildings. How much is the wealthiest employee at the bank making compared to the wealthiest hedge fund CEO?

Nowhere.