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nothing frustrating about these markets.

discussed on another thread (http://www.elitetrader.com/vb/showthread.php?threadid=5943: <i>"Remember, when people hear about all the money commodity traders make, for every one guy that's made a fortune, I guarantee you that there are five guys that are driving cabs." </i>

here's a classic: "Remember, when people hear about all the money commodity traders make, for every one guy that's made a fortune, I guarantee you that there are five guys that are driving cabs."

make sure you post what he pm's cause im curious :D

O, the self assurance of such a comment..."wow you still don't get it...." i may not get it. but i do get this. catastrophic events that the market reacts quickly to, and recovers from, are most unpredictable in terms of benefit even to the long option holder (this has been my experience)...

i've heard of traders in the seventies just crying, breaking down, because of the way the markets are. I've been close to tears a few times myself. Thank God markets DO change.

there are things Taleb has insured himself against and things, in his smugness, he has not. I liken his style to this: Bring your men into the battlefield and instruct them to shoot one another, expecting that meteor to land only on your enemy. i posted elsewhere, Taleb blows up in slow motion.

I don't disagree with you aaa. but tony saliba is not in the same class.

deleting the quoted stuff helps, if you haven't done it.

interesting argument. I counter with this: It takes that kind of aggressiveness to reach the top. Once there, it's unnatural to cease being that way. (else you were a pretender all the way up, and pretenders almost NEVER get to the top. In trading, there are too many tests along the way...

watchout commisso, I hear there are meteors out in space.

ill wager you right now. if you last half as long as he has, and you ever get to be known as 'the best,' then you'll blow up at least half as many times. he is not the only person to have experienced a significant drawdown. Actually, it's inevitable (see vince, 'protfilio management...

that one looks like a winner.

I do a fair number of trades each day. At the end of each day, I get a print of each execution. I need to match the entries with the exits. I'd like to be able to see my p&l by time. I already know what I think it might look like. I'd like to verify or disprove my hunch. Basically, I'd...

how can anyone forget the classic, "Trading Places?"

euro is due for a butt kicking

i highly doubt that dr. niederhoffer labors under any illusions about risk, regardless of the style of trading he employs.

i have no problem with a 100% markup. there is risk involved in clearing. Yet, I know a commodities trader who says that the cost of clearing his trades is minor -- something he barely thinks about when trading. Yet many stock traders -- props -- can barely cover the commissions, which are...

no, you have a hundred of them. at least, a hundred people who want your money all the time.

Yes, Wall Street. A mix of the tacky with the interesting. Watch for the line by 'Gekko:' "That's the thing about WASPS. They love animals, but they hate people." One of my all time favorite movie lines. Also, Traders Press used to offer a film called "trader," about Paul Tudor Jones...