Search results

  1. B

    Why traders keep trading after blowing-up 50%+ of their account?

    From NMW p 133: "When behavioral psychologists have compared the relative addictiveness of various reinforcement schedules, they found that intermittent reinforcement - - positive and negative dispensed randomly (for example, the rat doesn't know whether it will get pleasure or pain when it...
  2. B

    California dreamin'

    It is odd they have not protested against Obama for his continuation in Iraq and the increasing troop levels and spending on the war in Afghanistan. Afghanistan is a war we cannot win. If Obama stays committed it will be his undoing. Many have tried over the centuries, only to end in failure.
  3. B

    GM Is The New Starbucks, To Cut 2,300 Dealerships By 2010

    Not to mention . . . what are they going to do with all the CARS???
  4. B

    Which laptops for trading?

    No, Micro Center http://www.microcenter.com/
  5. B

    Jim Rogers Says Dollar Rally Will End; May Short Stocks

    Saw him on Kudlow yesterday. Says Fed and Obama do not know what they are doing. Says to stick with commodities.
  6. B

    Which laptops for trading?

    If you have a Micro Center store near you (or online) that is a good place to look and compare features. They have great prices and staff that actually know something.
  7. B

    Which laptops for trading?

    Apples have a similar feature.
  8. B

    If you could master one strategy, which would you choose?

    From MW2, page 106: "I'm not sure that my strategy had anything to do with my success. If you assume that the true theoretical price is somewhere between the bid and the offer, then if you buy on the bid you're buying the market for a little less than it's worth. Similarly, if you sell on...
  9. B

    Why Do We Choose To Ignore Black Swan (Pig) In Front Of Us?

    True. My grandfather was in WW1 and told me about all the 1918 Spanish flu casualties. People got sick in the morning and we dead by nightfall. Perhaps you can research what affect that had on the markets back then
  10. B

    Why Do We Choose To Ignore Black Swan (Pig) In Front Of Us?

    I think I have heard we have about 100 deaths a day from auto accidents and about the same number for homicides per day.
  11. B

    Fake recovery due to trillions being printed; real test is job growth

    And there will be even fewer jobs when cap and trade kicks in. Why would anyone want to expand in this country and pay all the cap fees when they can go to China or India and not pay any. If you thought jobs were being exported before wait till that kicks in. Where are we going to get all...
  12. B

    Steidlmayer on Markets (2nd Edition)

    There's a good thread on ET here somewhere about MP. Something with 3-2-1 in the title but I can't place it. Seemed decent.
  13. B

    Steidlmayer on Markets (2nd Edition)

    Exactly. He compares trading to buying and sellng land and such. When you are in the market to buy something you don't go out and pay top dollar. You shop around and look for "bargains." Or if you have something to sell you want to sell it when there is demand for it, not when there is an...
  14. B

    Steidlmayer on Markets (2nd Edition)

    Books affect everyone differently. This did more than any other to turn my trading around. What affected me more was not the technical aspects of MP as it was the CONCEPTS of how markets work. The heart of the book is pages 70 & 71 IMHO. This book was recommended to me by a friend of mine...
  15. B

    Short the dollar hard

    Right now the dollar is "strong." Which may mean the whole world is heading for a depression.
  16. B

    stress test secrecy game theory

    From George Slezak: If you loan a bank Fed Funds at .25% and have them buy Government guaranteed mortgages at 4.5%, DON'T YOU THINK THEY WILL BE PROFITABLE? The profitable quarter at Wells Fargo is just their taking advantage of free returns. IT DOES NOT MEAN WE HAD ANY REAL ECONOMIC GROWTH.
  17. B

    We better get our Act together Fast

    Or as the saying goes: "Dieing broke isn't misfortune . . . it's good timing."
  18. B

    Why Is The Obvious Not So Obvious?

    I think it was you who turned me on to New Market Wizards page 128 beginning with the section "If trading can be taught . . ." which speaks to the topic of this thread. Also the quote on page 134: "The majority of people trade worse than a purely random trader would."
  19. B

    Curtis Faith's new book

    They say about 5% of traders make it successfully. You would have to include Seykota and Faith in that top 5%. Which begs the question: what percentage of the "5%" continue to be successful?
  20. B

    GM Wagoner steps down

    Gov't should have a free hand now to implement the new mileage standards that BO announced last Friday. I'm sure as Geithner and BO deem more and more companies "unstable" that the big contributors to BO's campaign will magically appear as the "logical choice" to head up these "failed" companies.
Back
Top