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I know that I can't rent for the rest of my life. I haven't lived long enough to know if that ratio could ever become 1. Hoped an old-timer can tell me that ;) Though I've heard of people that made fortunes by buying up property, renting it out, wait for appreciation, taking a loan out to buy...

Oh and I haven't heard of any instant successes in this game. There are just too many normal human instincts that you have to train to overcome before you can really make it. The only instant successes tend to be people that just bought long (sorta a instinct in mass psychology) in a boom...

There's gotta be a bright idea among a big enough pile of "bright" ideas. I've never had that kinda responsibility so I don't know what it feels like to feel "locked" into a job that I don't really like. Or do you? Being good at a job, being well respected and well paid usually is good for...

I've been thinking that the best analysis to do to make the buy now vs rent and wait decision is to simply compare the cost of owning vs renting. In the San Fran bay area this is at around 2:1 ratio right now, so by renting and waiting I can save a bundle which can be dropped directly into the...

Hehe nothing wrong with the grass is greener thing. Isn't happiness all about the persuit of something better? First you're a starving student and you aspire to make decent money in a steady job. Then when you have the decent job you want your own business for the freedom and better hold on...

Don't forget to add the money you saved from renting for two years. In most hot housing markets these days you save a bundle by renting instead of owning the same caliber house. You do have a very good point though, made me look up the the average mortgage rates in the last decade. The 30...

Hey dude, I think I understand a bit about what you're going through. Before I tell you what I think, first a disclaimer. I trade stocks in my spare time, been at it since early 2000 ;) Used to lose big, now do better but I'm not consistently profitable. I think I'm on the right track but...

With the amount of money he's taking out of the markets, obviously money is not an incentive for him to teach hehe. Are there other angles you can work on? Some people might enjoy the pride of mentoring a little padwan much more so than some doctor's $250k. For one you could read some books...

What do you need to learn? An edge? The discipline to exploit it? Or the fact you need those two things?

If I were you, I'd learn as much as I could from this person that I know is successful; rather than ask people on some online forum. Most people on this forum are net losers. Even the few who might be doing well right now, may not be able to do it consistently... Oh and BTW, 2% gain per...

What exactly do you mean by going class B at a firm?

debian

The most important element is knowing what's important and what's not :D

Of course everyone would love to have good IQ and good EQ. All I was trying to say is that between good IQ/average EQ and good EQ/average IQ I'd prefer the later for trading. Good IQ allows you to find an edge faster, perhaps. Good EQ may do that too, because the only edge is the psychology...

What's the sense in trying so hard to call someone a liar? Maybe somebody here needs to be a private detective, not hang out on forums about trading... Of course, freedom of speech, you get what you paid for :D

EQ > IQ, in trading and in life.

spike500, I started reading your previous posts, and learned that your stop is only 2 points. That's 10% risk per trade, without overnight risk that's very acceptable in my mind because of your high % of wins. There are some real gems of wisdom in your old posts, thank you for sharing...

hehe, 5yrtrader must be a little confused because 100% per month starting at $1k comes out to be $4M/year. I do wonder about your strategy spike, at $1k margin per ES contract, that's about 50x leverage you're using. So you must be using a very tight stop, but it's hard to achieve 90% win...

Haha, what I wouldn't give to be 25, wide-eyed and in debt ;)

Maybe you should program yourself so that your ego is inflated by acting like a disciplined trader, not by being right, nor by monetary gain. You can be right today wrong tomorrow, make money today lose money tomorrow. But when you're a disciplined trader you are a disciplined trader, no one...