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Unless one is net profitable, it is never wise to use other people's money as that leads to a loss of friendship and status and causes great problems in the personal life of the one who is using OPM

I have found that chess players make much better traders than poker players. Backgammon players can make good options traders. It's the mindset.

Everyone here is a full time trader, all have years and years of experience, and all are profitable:)

Actually, Blotto brings some common sense to the table. Common sense, like the truth, is a pretty dear commodity on this board.

Lucias, If you knew anything, to fade means to find out what a loser like you does and take the other side of the trade. It's easy and easy to quantify the eV with someone like you. I once wrote this back in 2007 at a traders website that you need not concern yourself with. I said: I...

Well said Pattern43. I've seen some Hall of Fame flakes since when I started in the business back in 1978 and this guy is close to the top. I just wish he'd give more real-time trades so I could fade him. That's the best thing about ET...all of the fading opportunities that present themselves.

If you had a savant ability, you'd already be rich.

And it certainly doesn't include you. Reading your log was so painful.

The mistress of the market will bitch slap you and take your money away anytime you are anything but humble.

Like you, I got my start at the old MidAm(we called it the SkidAm) back then. Been doing this crap for my own account since 1978. Some good years, some not so good years, but still independent and not worrying about clients etc.

Not very long.

Cray makes a good system when configured right. It will handle anything you throw at it. http://www.cray.com/Products/CX/Systems.aspx

Easy to solve the housing crisis(if there really is one). Just take the hit and have the government sell all the properties it owns to speculators or wannabee homeowners, sell all the bad paper it owns, and have a giant 1986 style workout.

GMST, despite what the pundits on this site say, you would be better off not trading a single ES with only 5K in your account.

But oldtimer, aren't all fees and taxes ultimately excessive? Have you ever seen fees and taxes for businesses going down? They open the door with just a little fee, say it is $5.00/year and the fee will expire in 5 years. By the end of 5 years, that fee is $35 and has to be renewed to pay for...

Wheat is a tough market....a lot tougher than a lot of people think.

How long is a long time for trading? I started out full time in the wheat pit in Aug, 1978, and some of my friends still call me a kid.

So true, so true. A business that I have an interest in has been fighting because the state has a regulation that contradicts with an OSHA regulation says and both inspectors are coming around at the same time. So far, we've been fined by both.

Talk about going by the seat of your pants....wow...

Before you cut taxes, how about taking a chainsaw to the budget. I could get behind this. http://www.foxbusiness.com/on-air/stossel/blog/2011/07/29/take-chainsaw-budget-2#ixzz1TeFclyEr Cut the government by 42% right now. We could live with only 58% of the government.