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Patience is a relative thing, and that thing is you. Remember every trade has a shelf life and the self life is determined by what you expect price to do over a period of time. If you find yourself in the position where you are agonizing your trades by 'patience', then you have been waiting for...

non-recourse loans. walk away.

Too many people focus on probability and not the payout. If I am getting 2:1 odds for my money with 40% chance of winning, I am taking that bet every day.

scored 96 %ile on your eyes test. Not surprising cause I can read people like a book. :p. 50%ile on the memory part.

2-3% a week average? If you're compounding that weekly you're about tripling your money every year. If you banking that kind of coin consistently, why the hell are you here moping? Since the time you have posted on ET to now you would have increased your bankroll over 1000x. Go hire a shrink if...

if you do this, you might as well nationalize the entire industry cause that is what you're basically doing. Also, mysteriously, when you have this price fix model cost of production somehow almost always goes out of whack (up).

It's a confidence game. What else is he suppose to say? "We've got a debt problem"? Never take anything at face value and discount everything. I remember Lehman's and BOFA saying the same thing as they were circling the toilet. The same goes with many bankrupted companies. Everything's ok...

+1. I prefer live poker, but it is an absolute death grind. Luckily I hate playing online poker.

I'm all for making an honest buck, but traders do not create wealth. Let's not try and glorify the profession than more to what it is. Moving cash around.

this is semantics. you have to impute commission costs into your analysis. With a 57% win rate, he can afford to lose $1.32 (after commission) for every $1 he makes (after commission).

Every trade has a shelf life and knowing when to fold is the most important thing in the game. How you integrate this into your trading will greatly influence your performance and is entirely unique to you. If anything can be said of neke's trading is that he didn't fold his position soon...

For every buck he makes on a winning trade, he can afford to lose $1.32 on a losing trade and still come out ahead. He doesn't need to make, on average, more per winning trade unless his winning percentage was 50% and under. I'm all for constructive criticism, but technical analysis after the...

http://pragcap.com/the-risk-in-risk-arbitrage This is great advice. The link above is a great piece written by john paulson. know your risk and profits will take care of itself. Of course maybe you know your risk, but are taking those huge risks anyways. The same wise gentlemen who told...

This is a discussion in speculation in zero-sum futures is it not?

To be proud is to have an ego. And I would say to have an ego more often than not is detrimental to one's bottom line in life. The bigger the ego, the harder it is to admit one is wrong. I'd say 99% of the time life is about knowing when you're in the wrong spot and getting out of it. The...

For the most part I would assume at these intraday levels most of the action nowadays are bots trading against other bots and other manual traders who are getting front-runned. But like you said, at least the spread is better.

That options trader who got wiped out was so levered, it was scary. If the glitch didn't wipe him out some other erroneous market event would have.

PTJ likes to drink budweiser while pulling down big money trades. :cool:

I am not an MD. My observation is based only on what you've written which comes off as schizophrenic. I had a friend who has suffered from schizophrenia and I see parallels. This may not be the case, and I could certainly well be wrong.

your posts sound like someone who is suffering from schizophrenia.