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    Do you plan to do this as career forever?

    Isn't already 70+ % done on the NYSE automatically? Yes, as a scalper trading the order flow will be pretty hard against the machine. But there are other ways to trade too, area's where the machine is the underdog. :cool:
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    Do you plan to do this as career forever?

    I know locallly a 96 year old. Spends about 3 hours a week on trading and is still making 500K a year. He reckons it keeps his mind active and hence him young, he does it for kicks, not the money. psycho analitics
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    Middle East Meltdown and US Foreign Policy.

    SA Where I come from we have an expression: "Your rethoric is perfect but your facts stink". I also am remined of another expression: "Actions speak louder than words" If the impotent Christians in the Lebanese government would have abided by the UN resolution and disarmed the Muslim...
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    israeli ground invasion this weekend, signal of bottom for the market?

    I think what a lot of the ET armchair strategists do not understand is the following: Today it happens in the Middle East, tomorrow it will be in your hometown and the day after it will be your personal life with honor killings etc. There is no freedom in a Muslim society, it is a religious...
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    israeli ground invasion this weekend, signal of bottom for the market?

    You are right, the Muslims are still up to their old behaviour and are too stupid to understand that theirs is a loosing game. http://www.elitetrader.com/vb/showthread.php?s=&postid=1141307#post1141307 psycho analitics :eek:
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    What do you think of this entry by Eckhardt?

    Totally disagree. Machines are not thinking and are in the end programmed by humans. Reaction times may have an influence on the extreem short timeframes but the longer timeframes are still being under the influence of human perception. What his remakrs means to me is that Eckhart no...
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    Middle East Meltdown and US Foreign Policy.

    SA, although I would leave you to it, I cannot help but giving one final note. Re: "destroying the Lebanese infrastructure" Yes, I think you may have that correct. What do you expect: A leader of a foreign country says that you have to be wiped off the map. And their minions (directly or...
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    Science Advancements on trading

    Nitro, with due respect and enjoying reading your posts, I do disagree with this statement. My model says that it is all within the normal behaviour of the markets. If you have however some incomplete model you may be led to believe that things are changing but that is purely the result...
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    Middle East Meltdown and US Foreign Policy.

    SA is really loosing it with a false argument. If my memory serves me right then there is some UN resolution on Israel withdrawing from sourthern Lebanon, the Hezbollah being disarmed and withdrawing from southern Lebanon and the Lebonese government being responsible for implementing this...
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    EUR/USD - Are We Due For a Tumble to $1.20?

    will be interesting to see if it goes much higher, probabilities are stacked against that but then hey, the market can stay irrational longer than a trader can stay solvent.
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    GET READY FOR A DRAFT :D !!!! my poor american friends

    Ofcourse it may well be that they do not want to go to "paradise" in which case they are nothing but a fraud. (We have then some hard and fast answer about their beliefs in their religion and all their rethoric: that it is all BS.) psycho analitics
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    GET READY FOR A DRAFT :D !!!! my poor american friends

    Guys, guys, stop arguing. Have you all got it by the wrong end of the stick? The solution is really very, very simple. The fundamental Muslims believe that they will be martyr's when they die in combat and then get rewarded in heaven with many virgins. Lets help them achieving their...
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    Can Elite Trader Handle ElectricSavant 10,000th post???

    should go back to 0 which will be a disincentive for others to be the one with "the most posts". Useless waffle is not what is needed psycho analitics
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    Do you like people?

    most are illogical and cannot be reasoned with about the same ratio as succesful traders : unsuccesful traders by the way, i love my dog psycho analytics
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    Disillusioned

    there have been cases of people working on this for 10 years or longer and being consistent loosers during this time and then turning the corner. There is no garantee that you'll figure it out, there are no absolutes in this business. However, if your heart is no longer in it then I strongly...
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    Disillusioned

    doctors study, what, how many years? how many years did it take for the medical world to arrive at where they are now and how many thousands / hundreds of thousands / millions of man years of research went into that? why would trading profitably be something like that you can just pick up a...
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    Do you yell and scream at the computer if you do a bad trade?

    I would throw the darn thing out the window or take with a sledgehammer to it. Wait, a shotgun would be better. And then I would get a new computer and load up the same software with he same strategy. After it was the hardware's fault! (PS do not stay calm and quit - erhhh did you mean quiet?)
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    Do you yell and scream at the computer if you do a bad trade?

    I would throw the darn thing out the window or take with a sledgehammer to it. Wait, a shotgun would be better. And then I would get a new computer and load up the same software with he same strategy. After it was the hardware's fault!
  19. P

    What am I not seeing?

    There is never any garantee that a correllation will exist in the future. There may come an event where this correlation is destroyed for ever. Add to this that the bigger players are engaged in automatic arb'ing (and in case of the banks let the retail traders cough up the spread....)...
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    Trading Secrets :)

    bingo!
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