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I think the mean spirited critics miss a few points. The admiration for Victor that many have is not based on his having a recent hot hand. it is not based on the personal decisions he makes about with regards to the risk profile of his fund and the consequences of such. From an...

If you don't like a stocks long term prospects, don't own it for the long term. but for god sakes don't short it. Shorting is the worst most money losing strategy of all time, and shorting and holding is even worse. It always facinates me that small speculators are facinated with shorting and...

There is no reason to keep putting yourself through this. The variable feeback/anxiety loop in trading can be highly addictive, For your own sanity and mental health I hope you are able to break out of this. Trading your own funds to pay the bills is just flat out bad business sense...

its a bad idea. very bad. especially on a 10k account. die by 100 cuts or by a few blows.. it makes no difference. its a delusion to keep the little fish feeding quarters to brokers. given the upward drift of markets over longer periods, if u get long the odds shift in your favor. Most...

Sounds like your trading has turned into a gambling problem. U can gauge that for yourself. Do you have trouble walking away because you think "the next trade, day, week month MIGHT turn things around?" It is a horrible, negative psychology loop. If you feel you may have this problem, get...

Please don't take my words as discouragement. It is the opposite. I encourage a longer term view to achieving your goal. Build a foundation before you start building the high floors. Certainly do not take a job you hate. Try to get a job at least SOMEWHAT related to your interests...

Some of the advice here has been spot on. Blowing your years just out of college at a prop firm, which is one your best shots at getting entry into a decent financial firm is all in all a very bad idea. How are your grades? Do you play sports? The elite firms like elite students who are...

its not a bad idea for the typical retail trader to start in futures with a full service broker. futures trading is not "just like the stock market" and many will find there are benefits to working with someone who can educate the on the futures markets. by and large I would not expect a...

I would say taking classes in programming, statistical analysis/ statistical programming, financial markets, etc would be more helpful than non academic courses on "trading". Once you can do research, u have a basis to start testing/refining ideas and creating opportunities. you odds off...

Im looking forward to purchasing this book. Tim is a character, and I have no doubt it will be an entertaining read! Jesus, some of u take it all just a BIT too seriously. What difference does it make that his small fund has suffered in recent years? With the vitriol and hatred thrown on...

its not just quality. I have read the american automakers have done good work bridging the gap. rather, it is often the little details that give something a quality feel. Nicely finished and matched interior and exterior panels with small gaps, an interior that does not look like a...

if trading on that small a time fraim, you should be using tick data and streaming prices to test/trade, not chart signals. also paying almost zero commisions.

"My MS degree in comp sci is a joke, its worthless, it was simply part of the game I had to play to get my foot in the door. Its a cheap poker chip. Where I really learned everything was not in a college class room, thats for sure." I was curious why you felt this way, i would be curious to...

"ask any broker who some of the WORST traders are and they will tell you it's PhD's (in various fields), medical doctors, and lawyers why?" they probaby have this impression because on average these professionals in high paying fields have more to lose, and consequently lose more. It is a...

if your graduate program is research/scientific oriented, it will without a doubt help you in your market indeavors. The research ability will help in finding opportunities, the paper can help land a good market oriented job, or raise money. best luck.

"ES have to be one of the most untradeable markets out there. And anybody good enough to make money in them, could probably make 10 times the money with a more diversified game." That is funny. the es is my favorite market to short term trade. note i didn't say day trade.. it is so...

agreed. most psychological problems come from fact that one seems to be able to fool the rational facility more easily than the core emotional reactions.. It is not shocking that most feel emotionally what they will not admit cognitively: that they don't have much of a prayer if that of...

managing opm, either in a fund or as a sub allocation from a larger fund/trader, is one of the greatest money making schemes that exists. It is so much sweeter in terms of valuation of the trading enterprise (stable cash flows) risk, reward, profit potential, etc, that any good trader other...

basis, two ways to view this... first you have do agree on definitions.. this is a vague statement, hardly scientific in that it is not 100% clear what the author is talking about... It has a mystical quality designed to make people curious about the wisdom of the person who said it... very...

Complete bogus new age psychobable. If you can't think of anyone that "didn't get what they wanted" out of the markets, you are not looking at reality. Sorry. One of the ways cultists and would be mystics of all kinds lure the neive into their web is with these apparent paradoxes that are...