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CashMoney, you're ideas are so brilliant... imagine if you can transfer all these ideas into Trading Skills, then you would be a marginally successful trader.

I read that book 4 times, and each time, I learned something new. Try it again, and you'll be just as surprised.

I also have a trading office to house it... :D

Discipline is a by product of a SOUND METHOD. Without a good trading technique, you can have all the discipline in the world and still be a loser.

Thanks for saving all my seconds. But, I will tell you why most fail. They fail because they don't think there is a Holy Grail... they, think it comes down to psychology, and discipline etc.. while their methods and techniques are worth junk... It's all in WHAT you do to extract profits...

I can do $30/day on $300 Its such a small account size that you can get huge returns with one or two right moves.

I think with the leverage available in the Stock Markets, who wouldn't want to buy stocks. Every Joe Schomoe can now afford stocks ten times their money. Who in the world would ever sell stocks?? :D (1925)

The only advantage is that you can deduct your losses as ORDINARY losses, instead of Captial Losses. That means, you can actually get some benefit out of taxes, while if it were treated as Capital Losses, you might never be able to get to write them off without the offsetting Capital Gains.

Market is actually waiting for me to take profits before it drop.

I approve this thread.

Anyway, it would ALSO be hard to believe that ELITETRADER.COM was actually the STARTING POINT for this Hedge Fund Hot Shot. Yeah, I actually LEARNED what the hell is trading, while browsing around online 7 or so years ago while in COLLEGE. Hasn't looked back since, and I am still around...

lol.. it doesn't take but a second to stroll around the web. It would also be hard to believe that I am also keeping my eyes on CNBC. Mike, it would be hard for you to believe this: But, in LIFE, it is easier to make $10,000,000 than it is to make $100,000.

umm.. can't disclose that either. But, you are missing some zeros there..

haha.. I am not legally qualified to post my P/L, since I am a Hedge Fund manager.

your opinion sucks. I, along with some of the traders you read about in BOOKS watch CNBC, and we like it. It doesn't mean CNBC is good enough for trading/investment purposes... but, what it does mean is that CNBC is good enough for world class traders to keep an eye on it.

If turning off CNBC makes you a better trader.. :D it is not CNBC's fault, it just means you suck as a trader.

Those who know it won't share it... & those who don't know won't find it here either.

This is something you shouldn't be wondering about, because I am sure you would not get to that point where you should be thinking about something big like this.

Have you thought about becoming an Intraday Investment Allocator?

Eventhough I don't watch CNBC, I know many great traders that do watch CNBC, or has there eyes on it with the volume turned down. Then there are those losers who think they are better than others, because they don't watch CNBC. :cool: To be able to interact with the trading masses, I...