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  1. L

    How do the BIG BOYS trade?

    Not really. Most people knew that stocks would react positively either way. If the number was low, stocks rally because that supports rate cut policy. If the number was high, stocks rally because it's a sign of economic strength. It was a win/win. The market is still exhuberant over the...
  2. L

    How do the BIG BOYS trade?

    But the HF managers who succeed are generally fantastic risk managers, don't you agree? Hedge funds blow out all the time, but the top names seem to be consistent performers.
  3. L

    How do the BIG BOYS trade?

    The real pros are pros because they worked their butts off for years to get there. When you guys make excuses like "the pros all have insider info" or "they're only able to do that stuff because they trade other people's money" you are cheating yourself. Read about the top pros. The real...
  4. L

    Clueless U of IL professor

    My first thought is that you need to read more carefully. That professor never mixed the terms investor and trader. If you notice those words weren't in quotes, meaning the reporter paraphrased him. So those are the reporter's words. This is an investment article.
  5. L

    How do the BIG BOYS trade?

    It depends on the "big boy." Go read Market Wizards. For the most part, from what I've seen, the real difference between them and small time traders is the businesslike approach they take, with a lot of effort put into risk management and information flows. As for technical and fundamental...
  6. L

    Chicago trader seeking advice

    Are you going to move from live trading to the simulator?
  7. L

    Chicago trader seeking advice

    If it hurts, stop. If I'm trading and I start to get whooped, I take a step back and watch. If you're getting spanked and you know you're getting spanked, the worst thing you can do is to continue trading. Get yourself on a simulator where the only blows are to your ego. Getting beat up...
  8. L

    Is Forex trading a game?

    Remember, just because you have the ability to trade 400x1 on an account doesn't mean you have to. You could have that capability and only trade 10x1, which is still enough leverage to make (or lose) a lot of money.
  9. L

    Can you read a chart?

    Oh, well thanks for showing us the gigantor gap on the open. I would say that's indicative of a strong change in sentiment overnight, and would generally support a short bias, though of course the market could try to fill the gap. That gap is pretty big though, I don't think it'd be filled...
  10. L

    Can you read a chart?

    I don't think anybody would actually trade off of five bars of price data. That's not the point. Tell us what you see.
  11. L

    Can you read a chart?

    To be honest, I wouldn't trade on where this price will go from five bars, that's crazy, but I can tell you what I do see from eyeballing it. Price spikes up, there's a gravestone doji showing sellers coming into the market, and then we see a price decline, a 4 bar congestion period, and...
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