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HD1, You speak about 1) Talent and 2) Background. Do you mind spelling out what talents you feel are critical, without which one may be doomed to "transfer his wealth to the securities industry?" And what background do you feel is crucial to being a sucessful trader? Thanks

Cheese, Since you, too, have used the term addiction, I pose the question to you as well: Are all thus-far-unsucessful traders who tenaciously persevere addicts by default? What do you think it is that makes you (I ask this in all seriousness) so innately "suited to the art of taking money...

Jho, Please read my post above to B Ling, and reply to it as well, if you have the time and inclination.

Yes, I have given this some thought. Your suggesting it intrigues me. My knee-jerk reaction is to say, "No, of course not!" But, rather than do that, with your indulgence, I'd like to explore this. What in my posting makes you see this in me? It is true I have lost money, risked more than I...

Yes, I have. Maybe we're related...

I will admit that I never was able to get beyond his verbosity. All I ever really understood from his 'perfection' was something akin to a 1-2-3 pattern that signals a change in trend. I would not call myself a victim, though. It cost me a paltry $300, and for that he was even willing to tutor...

I will give you the benefit of the doubt, and assume your otherwise vindictive and mean-spirited post was meant tongue-in-cheek. Unlike others, I see nothing wrong nor un-romantic about earning a living through a 'mundane' job. I don't want to get too specific about the details of my private...

Point taken. Strangely, I don't think I would have traded differently if I had $$$ stashed away. I know many people speak about the inability to make rational decisions with the pressure of supporting a family, etc. For me, it was not a factor. My weakness, as I see it, was lack of a...

Ripley, I hear what you're saying, and can't deny it. I think a successful trader must walk the tightrope between taking risks, and having a healthy, yet not obsessive fear of them. That's what I meant to say. Having said that, I will admit that you perceptively hit the nail on the proverbial...

I'm not sure that a true 'edge' exists in futures trading. Maybe we've both been barking up the wrong tree. You're right about understanding my shortcomings though. There's far more I could say, but I'll spare you.

Here’s my (sob) story. I’ll try to keep it short (but not so sweet). Where do I begin? Many years ago, I hooked myself on trading through (groan) Ken Roberts. I shelled out the $195 for his course, opened an account, made some, lost some, etc. After a while I realized I would need more...