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I am sure he will always be welcome at his old university, the LSE.

A very interesting talk was recently given by George Soros at the London School of Economics on the credit crisis. He also answered a question outlining why oil and commodities prices were so high. A video of his talk (54 minutes long) can be accessed at the following link...

A couple of observations: (1) Market profile can be a useful tool. I know of many profitable traders who use it as a key part of their analysis. (2) Volume analysis can be a useful tool. However, it is not necessarily to follow volume to be a successful intraday trader. (3) I don't...

Anyone that can average 20+% per year over 20 years+ on millions of dollars deserves a lot of respect. A truly great trader.

I was never a floor trader and to be frank I don't think I would be very good at that because I am not that quick. I think it requires some different skills than electronic trading. Speed is essential on the floor as it is for scalpers who do many trades per day. However, speed isn't...

Old trader is not alone in this approach. I knew another trader once who did the same on overnight positions. Only had stops working during the pit session. The reason was that he believed price action outside of the pit was not that relevant and that he might get stopped out on meaningless...

If it works for you, keep on doing it. There are probably many different routes to successful trading. We can all only speak from our own experience and of those we have known.

Researching extensive historical data also helps. I found it illuminating to analyse every intraday move in the ES back to when the contract began. It was interesting some of the crazy moves that happened toward the end of the day in 98 and 99. Of course, it takes a long time looking at every...

Trading books are like ET. 95% of what is written has no value. However, you find 5% of the information has great value and is very helpful. How do you find the 5% of good trading books? Research the trading records of the authors and you'll find those with good long term records are...

It's mainly based on the price pattern of the chart, which is a function of the volatility of the current day. However, in addition to the price pattern I also factor in what I regard as sufficient breathing room. This has to take into account where you are entering and any potential stop...

You don't. You base it on the current volatility on any day. And you don't know that until you see how the market is trading on that day. Anything can happen on any day. By the way, when I started trading the ES it was with tight fixed stops, 1-2 points. I discovered that was sub...

I should clarify this by saying that I think there are two good methods of placing stops. First, a wide fail safe or emergency stop which is a long way away from the market and rarely if ever gets hit. This is more like an insurance policy against an unexpected event and 9/10 times your...

Apologies in advance for some of the blatant advertising in the article, but I thought some of the general points were worthwhile considering so I posted the article in full.

3. Overtrading Greed is a very subtle, but deadly contributing factor to failure. Greed is hard to detect, therefore you have to look at the symptoms it causes to determine whether it might be rearing up its ugly head in your trading. Risking more than you should is one very bright warning...

An interesting article on failure. --------------------------------------------------- Today's Featured Article ---------- Why Most Traders are Virtually Assured to Fail By Ryan Jones The purpose of any article is to educate. But educate to what end? The purpose of this article is...

Tight stops in the ES are usually the quickest route to death from a 1000 cuts... I tend to use fairly wide stops, but I think that is necessary to give the market room to breathe.

Nice trade. I can see how buying on weakness allows for a nicer r:r than waiting for price confirmation. Both approaches work, IMHO, depending on your timeframe as long as you don't wait for too much price confirmation and can still get in the trade relatively early. By the way, I really...

Sustained bull markets in Gold are extremely rare. Looking at the NY spot Gold price from 1800 to 2007 it seems there have only been two bull markets lasting five years or more. If we look the advances in this bull market compared to last gold bull it would seem that gold has room to...

Your Type is INTJ Introverted Intuitive Thinking Judging Strength of the preferences % 44 38 62 44

The point is that it is completely naive to suggest the price rises in commodities are due 100% to speculation, which was what the poster alleged. Speculation has played a role, but the bull market of the last 5+ years has been driven by fundamentals first and foremost.