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    zero sum game?????????????

    companies with "book value" can be rendered worthless during market conditions such as this...
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    Thinking about Trading

    Once the dow hits 12500 by year end, you'll see another US daytrading rush as well.
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    More Americans are losing their homes

    Home construction and home equity saved this economy after 9/11. Yes Greenspan, you did a great job.
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    Superior trader, a born talent or can be taught?

    trading isn't as academic as reading a book or taking a course. markets are there to show people who they really are. markets tend to reward certain traits and punish others. the superior trader exhibits traits that the market god loves. the market god inflicts plague, famine and disease to...
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    Superior trader, a born talent or can be taught?

    actually, i read somewhere about how great traders exhibit traits similar to psychotics, but how they are able to discipline themselves and control it. i've heard numerous times when a great trader took on a trade and was thought to be "crazy". it could just be that they have NO FEAR.
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    Superior trader, a born talent or can be taught?

    the teacher is oftentimes as good as his system.
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    Superior trader, a born talent or can be taught?

    if all his students are merely copying it.. we've seen how the system became crowded and is no longer as effective.
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    Superior trader, a born talent or can be taught?

    the problem with the eckhardt/dennis debate was that it didn't answer the question of whether anyone could be taught to be a SUPERtrader. he showed that maybe, everyone can learn how to at least attain profitability by trading a system.. also, dennis handpicked his trainees from a...
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    Post your S&P range prediction for 2006

    1435 yr 2005 = 1994 yr 2006 = 1995
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    trading without charts...suicide?

    Ideally, one wouldn't even need to look at the tape or the price either. One should just know where it will be and act as if there is no concept of time.
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    Jesse Livermore's trading

    He "failed" because he tried to beat the market. Something I'll do one day.
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    trading without charts...suicide?

    who needs charts? i don't even trade with quotes.
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    zero sum game?????????????

    The day before Armageddon, when planet earth is set to collide with a massive meteor every stock in the entire market is attempted to be sold out without a single buyer or uptick in sight. Every single stock is then priced at $0. Shorts initially celebrate but then realize that all their...
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    zero sum game?????????????

    Trader A gets long 1000 shares XYZ overnight. XYZ misses earnings. Trader closes position on open for $3 loss. Total Loss: $3,000 Trader wonders why it gapped down so much. Trader A then discovers that 50 of his trader buddies each went long 1000 shares XYZ after hearing a tip by Cramer...
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    zero sum game?????????????

    yes, but there are short speculators in the market. to be able to buy a stock in a rising market, someone needs to sell that to you, which results in their opportunity costs. also know that the majority of the public is long the markets at tops, oftentimes during significant crashes where up...
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    zero sum game?????????????

    i think the debate here involves two very different perceptions of zero sum. one argument is any stock transaction at the moment is not zero sum. but the other argument some are making is that over time, the net amount of wealth created by the stock market is offset by how much is lost by all...
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    zero sum game?????????????

    stocks are priced lower as function of the dividend amount from ex-dividend as long as trader is stockholder on record before ex-dividend date.. assuming all things equal from yesterday to today's ex-div date, a $1 quarterly dividend subtracts $1 off the stock price. there is NO SUCH THING...
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    zero sum game?????????????

    can someone figure out how much net wealth was accumulated in the equities markets from 1900 and how much wealth was destroyed. very difficult i would imagine, but that would solve this mystery. my theory is the amount of wealth available to traders have risen over time, but winners and losers...
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    job choice help! Goldman Sachs or Trading Firm???

    I started in the I banking route, but then went into prop cos couldn't stand the environment and grunt workload. Now, I look to managed funds area in near future. Found that the prop route quicker to my goals, but I think I was fortunate to be around some good people. Think like someone said...
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    Quotrek question

    Anyone using quotrek? Is it possible to get real time commodities futures quotes along with s&p futures? thx in advance.
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