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Keep dreaming.

On 6/24 the daily range was $127 to $130. Even if you caught the entire move and put your entire account in that one move, you would have made . . . 2.4%. You've got to think bigger. Look for stocks where you can use your size advantage and buy at new highs right ahead of genuine large spikes...

I think its great that a guy with a BA from Boston college is a macroeconomics expert. bully for him.

If you’re going to speculate, you have to go for the win. You can’t try to be a middler. Eventually, the house will grind you into oblivion. Of course, Las Vegas loves it when you have these Martingale† systems that give you small wins with a high probability and a large loss with a small...

bloomberg news has way too much money.

ask me anything

so sentences like this don't raise anybody's BS detector: "The next day he chartered a plane to the DR, bought a cargo truck, filled it up with supplies, and dropped everything off at a Haitian orphanage he had a pre-existing relationship with" who has a relationship with a Haitian orphanage...

didn't read it very carefully, I suppose.

here's his answer but to get the full flavor read his q&a with the commenters: I started with $5k and turned it into millions in a short amount of time. I watched dozens of others do the same. It is certainly exhilarating. The first time you come in and feel like you have an edge... such...

anonymous trader on quora takes questions. claims that he started with zero and turned it into "millions" after a few years, made more than 100% in his worst years. http://www.quora.com/What-is-it-like-to-make-millions-trading/answers/8019781

A new bogus guru has been added! Mike "roflcoptor" Novogratz Mike earned his "bogus guru" award by running a "global macro" hedge fund for the last 13 years and generating a 8% return. This information is straight from the Fortress Investment Group 10-k, so it is verified and audited. Mike...

It's funny how it's always a retail trader that's blamed. In the flash crash it was literally some guy living with his parents. in gold it's ninja trader. I don't really buy the idea that these "crashes" are bad or caused by these quotes. they're caused by a lack of buyers. if the volatility...

interesting that he trades a $500k account. apparently there are severe size limitations on his strategy.

did you identify any of your winning trades as the result of poor discipline? or are only the losing trades a result of poor discipline.

this is such a classic post. it includes all the standard ET, uh, tropes. a) making money every day. This is a perennial. This satisfies a psychological need for constant reinforcement, but it is not the best way to maximize returns, which is the ultimate goal. b) utterly unrealistic goals...

Just watched this on youtube. kind of entertaining. The two guys who trade $1.5M 'under management' and drive a (probably rented) Mercedes and live at home are the most amusing. But the guy who's been trading for 7 years and made no money is truly another Jonathan Hoenig.

if by sell vol you mean sell calls, don't want to do that. might pop before it drops to frustrate maximum number of traders.

thanks. the volatility on gold is really low . . . if it does collapse, it should pay off nicely.

Let's say somebody (me) thought gold was ready to crash big time in the next six - ten weeks. What would be the best way to short gold? Assume that I've never traded futures. Buy puts on the gold producers? Buy double or triple leverage short etfs? Futures? Buy puts on gld?

There was a guy on ET a few years ago (and he also had a blog) who worked in the Chicago pits and he told a story (on his blog) about Taleb coming down to the pits once in a while and making ridiculous trades like he knew something nobody else did. Does anyone know who I'm talking about?