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I reckon after 15 years in the futures business, 10+ years of trading my own book, running a prop office and managing a team of 30+ traders, I know how to manage risk---and I didn't learn it from some book on options (yawn)

You don't need to know what a correlation study is to be able to trade and make money. It goes up you buy it, it goes down you sell it. You get out when the market tells you that your wrong. Simple as. In my experience any traders leaving positions on without stops are told to leave the...

And yet another ET thread deteriorates in to a cock comparison competition. I does amuse me during the lulls in the market.

I am 99.99% sure you simply don't know how to trade.

First Call Market Squawk have their fingers on the pulse more and don't charge you for different channels (ie fx, metals, bonds, equities) unlike some.

Point 1 does not hold all the time. Bit out of date but please see attached from Bespoke Invest http://bespokeinvest.typepad.com/bespoke/2007/06/historical_corr.html

Block trades do not go through the DOM, they just get reported on the feed from the exchange. Different exchanges have different rules for them and in some instances they can occur at prices other than the prevailing bid / offer.

Your Time and Sales feed may be reporting block trades. I think that's the most likely reason.

You can never read or subscribe to enough newsletters with 'levels' on them. That way your assured I having all the bases covered. :D 'even a broken clock is right twice a day'

You've hit the nail on the head there.

The final sentence of your post qualifies your analysis as speculation. I feel confident that when you do become 'one such individual' you will look back with all the extra learning available to you and see that this analysis was wrong. The market requires a stream of new players with the...

Well if that works for your market and time frame then it makes sense. Personally I think trading is a lot simpler than that.

I wonder if you spend as much time analysing the market as you do on ET? :confused:

I think its more to do with the fact that if your trading you dont really get time to post much on here. Too a degree pro traders specialise in certain instruments so advice that is generalised in going to be well documented in the public domain. Personally I find face to face discussions much...

Joining date and posting number is the metric then hey :-). Damn I just cant compete with you guys. onwards and upwards as they say.

What is the criteria by which you are judging successful? have you got a clear definition?

Well you seem to have qualified your opinion beyond doubt with that little gem. :D

I still cant believe that statement is up for discussion, it shows a journal entry only. I don't know what's more of a joke; it being posted or the defence given below.

I wonder if there is a lesson to be learned from their professionalism. I cant imagine them getting into a playground slanging match to justify themselves. Bone, come on, your have customers, you can walk into any prop shop and sell your stuff to guys(apparently), why do you put yourself...

Just to correct a misconception earlier in this thread. I was not attacking Bone, he misconstrued my comment about 'insults & nonsense spreads' as being directed at him. It was a general comment about the nature of the vast majority of posts on this site. As for Bones postulate that I am a...