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I heard this from a guy at a bar, not sure of the original source but here it goes: A guy at a bar is talking to me about the "problem" with really attractive women. I was really young and inexperienced so I look at him like he's full of it and ask: "what do you mean "problem", I would love...

If you are saying that scaling is "waffling" and not smart then I'm calling BS. Scaling in can be used appropriately in both losing and winning trades. Adding to losers is not necessarily incorrect since elasticity allows multiple entries at or around the initial "incorrect" entry. By the...

VSTscalper, Why another alias? You obviously write in the same "......blah......blah......blah......" style as another person who calls themselves "porgie". WTF? Did you get banned or something? Anyway, moderator..., this person .... is obviously .... another .... alias .... Mike

Nothing unusual IMO. Standard support test w/o the break. We stayed in value for the rest of the afternoon. You guys are reading too much into things...

Very strong close today. Looks like we are poised to go much higher... Any thoughts?

From a cursory perspective, a break over 76000 looks like the magic bullet that will start knocking off the shorts. I personally think taking a sell side position here is much to risky - I'll even venture to bet that a lot of participants are holding shorts above 76000 and will be scrambling at...

Thanks for the link. I currently have graduate degrees in Electrical Engineering from USC, hence I'm not too worried about the math/quant aspect. My goal is to start working professionally as a trader or a quant - my formal work background is engineering, however, I've been a full time...

Hello, I am looking for resources on MFE/MSCF (MS Financial Engineering/MS Computational finance) programs, ideally west coast programs. What schools offer the best programs? Any information regarding programs, US based and/or international would be very helpful. Thanks, Mike

Yes. It's the new form of "psuedo-professionalism" in corporate america. Cheese, Not controlling risk and acts of stupidity are not one in the same. The person who blew 2 mil was taking an uncontrolled risk that bit him hard. I'll venture to say the guy made his account grow in a similar...

Money was just lying on the ground today :) I kept thinking the move down would find support - BUT no - It just kept going and going and going... haven't seen a 15 point trend like that in a while.

Hey thanks lynx - I didn't post earlier but my B/E stop was taken out at 750.50 so I am out of this trade with a small profit on 2 out of 5 contracts. I too was expecting a slide but things held up at 746 so that made me a bit suspect to any further downside. Today was an interesting day...

Taking a couple contracts off the table at 747. Moving my stop to breakeven and going to let the rest ride. Seems like we've established some conditions for a major S break through 746.60. I would think that a good break down to 745 would entail a stronger move, possibly to 740. Mike

Sold short 5 @ 750.50 into the close. Who wants to fade me??? --- bring it on!! :) ER2 bent me over and has been nailing me all day... Stop @ 753.20

Hi Dan, It took me about a month to really understand the details; however, within a week I was able to process and exploit the information given by applying MP. Take my comments in context though - MP is a tool and must be used correctly - it will not, on its own, produce a profitable...

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Hello, This sounds like an interesting deal - I personally have never heard of anything like it before. The one point regarding DD strikes me as a bit odd, per example, say the fund makes 5k in one month and losses 3k the next. With this case, the fund manager gets 90% of $2500 over "net" one...

I've always wondered if the mods find the chit chat section really all that useful and/or beneficial to the health and growth of this website. I personally think chit chat detracts from real content, thus allowing/perpetuating meaningless conversations that have nothing to do with trading. I...

"Works at 512kbps costs about a grand / GB" Could you elaborate on this? Thanks, Mike

As soon as I reach my preset monetary goal I take out a fixed "salary". Per example, I use 160k for trading futures and stocks. As soon as I make 10k I pull it out and start over at 160k. I don't know why I use these particular numbers, but, this method keeps me focused on risk rather than...

From personal experience, futures require more discipline. I am purely discretionary and recently started trading the eminis (since Oct last year). I've been trading stocks a long time and the first thing you'll notice is the speed difference. In comparison to many equities, the liquidity in...