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For same time I worked in sales for a top Wall Street firm. Some of the things that bothered me the most about my job were the constant lunches, dinners, baseball tickets and special gifts such as escorts we received from the people of the Mutual Fund business. When you receive those presents...

These phrases come from Golf but they apply to Trading: "Sometimes we get so afraid of hitting bad shots, we don't let ourselves hit good ones." Butch Harmon "I think good putters see the ball going in; bad putters see the ball staying out. When I'm positive, I see it going in. When I'm...

This one was said to me by an old trader: "I don't look at charts, I make them." This is one of my favorites: "Is better to have a bad plan that not to have one."

Many of the best lessons about the markets can be found on other areas like physics, chemistry or sports. I have found many similarities between Golf and Trading. I have the impression that no matter how many hours you spend in your swing, you also have to work in your mental strenght. I...

Cheese, don't confuse intellectuality with intelligence, something Osho differentiates nicely in the book. You can memorize all the books about trading in the world, you can know a lot about economy, but that doesn't make you an intelligent person. A parrott can also repeat stuff and it...

I recently read a book named "Intelligence" who was written based on a series of interviews on Osho (Rajneesh). The guy proposes that people are born intelligent but society slowly but effectively fills you with fear and greed destroying your intelligence. Osho says that society has always...

Superstition is to believe in Tarot Cards or Japanese Candlesticks.

As traders we spend a lot of time researching on economics, technical indicators or price action but I would like to know how many of you spend time working on their souls. I recently read a book from an Indian guy in which he immplies that human beings can get rid of fear and greed through...

When I started trading I explored all forms of Technical Analysis (including Japanese Candlesticks) and I found that all these indicators or "The Hydra Heads of Techincal Analysis" as Niederhoffer calls them, are very good predicting the PAST. I started doing better the day I removed from my...

:p :p :p :p 13 hours of training, only 13 hours to change improve your trading!!! :eek:

My office is in 5th Ave and that doesn't mean a thing!!! But its OK, all I wanted to know is that if he trades.

:p :p :p LOL

Does Altucher trade? I know he writes a lot of stuff and he spends time presenting the backtesting (something must people don't do), but I would like to know if he trades.

Now I remember, this seminar is just to happen here in NYC... is it on Wednesday? An idiot I know, who is a loser, believes in that stupidity of hammers, abandoned babies, three soldiers, etc. Please don't go, there are several better things to do in a nice city like NY.:D

My 8 Ball is far more reliable than the Japanese Candlesticks. Stay away from that crap!

Before decinding if going against the bid or the ask you have to find out the following points: 1) If the stock is going up, down or sideways. 2) If the market is going up, down or sideways. 3) What is behind the bid and the ask, these type of bids and asks are commonly found in stocks like...

When I hold a position for more than 1 minute I start experiencing anxiety attacks:eek: I never allow myself to lose more than 5 cents, I don't like to lose money so I cut bad trades instantly. In scalping if you are on the right side of the trade only 50% (or maybe less) of the time, but...

I won't argue with you about the NASDAQ, is not my field of expertise (I don't have any), but if you feel good in the NASDAQ that's good for you.

I use the Open Book as a reference, but always looking at the Prints. I don't like IBM or PFE because they are in the Dow Jones, thus they present "thickness" in the bids and asks. I look at a 1 day chart with 3 minute bars in which I only put 1 moving average which I use as a reference...