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Maybe we can start a website nailing all the BS that comes out of Wall St then we'll make so many enemies then we'll get lotsa notoriety then we'll charge wild ad rates then we'll go public then we'll sell the company to Wall St for $100 Billion give or take a billion. Any ETers here have a...

Depends: Universe of Decisions: A. Good evaluation B. Poor evaluation or no evaluation C. Estimated positive expectancy D. Estimated negative or zero expectancy Bad Trade=Bad Risk=Gamble={AD, BC, BD} Good Trade= Acceptable Risk=AC Even selecting a full-time job involves a similar...

Seems like a trader has to be a fine-tuned balance between Gandhi and Ghenghis Khan. What's the right mix and how did you get it?

I took the advice from various sources to live my trading life in secrecy. Who the f___ really cares? If anyone asks what I do for a living I say "I struggle and barely get by like everyone else." Talking about my profession amounts to either bragging or begging. They will either feel...

Wait a minute, isn't getting in a car just a gamble with a high R/R ratio based on biased personal backtesting? All of life involves evaluation of risk. I think the validity and magnitude of the r/r ratio discerns a gamble from an acceptable risk. The greatest risk is to take no risk.

The main way to lose money is by trying to get rich. Try instead to learn your profession with tuition money, that is, money you can afford to lose. What profession can you learn in less than 2 years and compete at an international level? Silly things like order execution can wipe you out...

Moneystream, the product of (price change)(above average volume) modified to time frame, relative to market/group RSI, RS.

It was well said earlier that is not important when you are profitable, but when you are NOT profitable. It's a crazy oxymoron but until you lose really bad you really can't be any good. If you keep winning you will keep thinking you can keep winning. So finally one day you lose bad. So you...

I heard from a registered computer geek that wireless service at DSL speed is now very safe, encryptable, and widely available. I'd like to hear it straight from the traders on your experience with wireless trading. Any major drawbacks? :confused:

Any now, my vote for the ET quote of the year: "In the end I still think it is the individual skill that really makes the difference, not TA or FA or even Jessica Alba."

great pics Oz what a treat

Hey, it's Sunday and I feel like starting some controversy. Having been an employee in the corporate world for 13 years, I wanted to shed my opinion as to how I blend some fundamental factors into the TA equation. First off, the main point is that there is no substitute for experience in...

Hi Phil, I read the study by the CME regarding exercised options, recapping: 1997-1999 S&P Options Contracts Exercised Call Options: 41.1% of total Exercised Put Options: 6.1% of total Questions: 1. Have you ever been early exercised on an OTM put or call? 2. Is the probability nearly...

I have experimented with the following system with some success and am interested in some feedback. Here it goes: I. Allocation: 20% of Net Capital Type: Speculative Option swing trades Risk Measures 1. Inherent Diversification thru options on ETFs or Indexes. I may add some very strong...

My understanding is that a purely discretionary trader should have >10yrs experience. I'll buy that. But I believe that the best and worst part of the system is us. Chess has shown us that computers crunching billions of calculations/sec are still roughly equal to humans (like Kramnik...

Possible alternatives: 1. Choose your stocks based on money managment-centered criteria. Write a scan or a macro which measures the daily standard deviation as a percentage of the stock. Write another which measures the average weekly and monthly range. Divide the two to get a risk/reward...

Yes, it's a great case of preparing for the worst. All of the following conditions existed for days: 1. Essentially no city power (Milky Way bright & white for 2 days) 2. Bellsouth land lines down 3. All cellphone carriers down 4. Traffic lights out and roads blocked or dangerous 5. 7pm...

Somehow, many traders equate wealth with happiness. I am someone who already had wealth, a thriving personal consulting business, lotsa hot chicks, but no happiness. I quit the business and dumped the chicks. Learning about myself and digging deep for courage and honesty has brought me...

Poll

What's the ideal account setup with adequate hedge protection?? For example: 1. (1) IB margin account for long-term /swing trading equities 2. (1) IB margin acct for day trading equities, long/short selling of the same equity. 3. (1) IB futures acct for trading ES or YM. 4. (1) account...