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People who bought and held Berkshire or market proxies for 30 year periods did ok. *past performance is no guarantee...

For testing, much longer would be much better.

You don't even give a time frame for your not-enough-information question. 10 percent a trade? 10 percent a year? For life?

I have played many times with both players. As a matter of fact I just made an all in bluff 10 minutes ago and am typing this as I sit in a no-limit hold em game. There is a difference between betting all of your chips in front of you in a poker game and risking your entire bankroll in a game...

It is understandable that you do not understand the big picture corelations between trading and professional gamming. This is a trading site. Successful pro gamblers.. including poker players... Do Not go all in with their bankroll on a bluff. Cash players and tournament players risk only a...

One reason Buffett figures to outperform hedgefund value gurus is that Buffett does not charge hedgefund fees, like 2 and 20. Also, Buffett leverages his insurance float. In essance, he is being paid to use leverage while hedgefunds pay for leverage. Over half of Buffett's putperfmance can...

Thank you for your question... That is not what I am getting at but I can see how it may sound that way. The word "gamble" often has a different meaning to professional gamblers than to others. We can use a different word if you like. Professional gamblers, traders, casinos and master...

The average price is not what is theoretically important when adding. Does the add have worthwhile edge and is it within reasonable risk control is. However, sometimes shielding a trading, competitive or life weakness with a "rule" can be helpful. Sometimes realizing we do not have the skill...

The big picture idea is that very successful poker players are more likely to become successful traders than random people. Quite a few major firms and backers find this to be true. Truly. Being a strong competitive athlete, chess player, backgammon player no doubt increases ones chances...

Being good at certain games such as poker, chess, backgammon and so on has a positive corelation with being a winning trader. The reasons should be obvious. However, being a strong games player does not make one a lock to succeed. A number of firms and successful backers give extra...

Playing with the markets's money is a poor title and may indicate you do not understand things as well as you should. Money won is your money and not the markets. ____ Adding to a position because the add has worthwhile positive expectation and is within your sensible risk parameters is ok...

A Top Priority: Personal Mentor (s). Try to develop personal relationships with a traders who win right now and have a track record. This does not mean buying advice from the many scam/used to win/never won gurus-for-hire. _____ What I am saying can be done alongside most other good ideas.

They are not like you. They have an informational advantage, a better uderstanding of what they are doing, lower trading costs, better execution, more money, etc Why are you already predisposed to trading off of 4 hour charts? It would help if you personally knew someone trading the market...

Lawrence likes to bully other posters (especially women) but does not like to be picked on. You may hurt his feelings the way you stick up for yourself. Lawrence also likes writing lots of posts that offer little value. Guess he likes to hear himself type and has has lots of free time.

I notice a spat of ET posters saying things like: "get an algo" and "learn to code". Not bad advice, if you can. ___ Many experts predict machines will do everything better than people in 50 years ___ Manual trading has gotten progressively tougher due to technological progress. Most prop...

You want to separate the wheat from the chaff in all areas. Many chatrooms are hustlers skinning suckers and pandering to losers. However, years ago I knew two winning traders who picked up some good ideas from being in the same chatroom for a few months. Though they both were already winners...

Does anyone either of you know currently make a living trading? If yes, start there.

https://bullishbears.com/live-trading-room/ They have been free but may go to 10 dollars a month. They say they are not an entry/exit service but rather a pre/durring/after market discussion group with a premarket watch list and during market commentary. They have a library of free videos but...

Do you backtest your ideas/ methods?

Why do you think your trades have positive expectation. Aka.. an edge.