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    Interview Question Help

    1. Pay 160 Yen for 1 Euro 2. Sell 1 Euro for 1.5 USD 3. Sell 1.5 USD for 165 Yen The result is that you started with 160 Yen and ended up with 165 Yen, making 5 Yen risk free.
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    Real Advice for Wannabe's

    3% a day means that you can turn $10,000 account into $17,000,000 account in just one year. That tells me that you are as misguided as the poor folks that you are addressing here.
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    Is there a rule of thumb for this?

    This may seem unintuitive, but the odds are stacked in such a manner that no matter what most people do (buy at support, buy at resistance, sell at support, sell at resistance), they end up losing.
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    scalping

    If the number of the winning trades is 3 times the number of the losing trades, why not? Duh...you do the math. :)
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    Should I quit?

    Consider automated trading.
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    Ctit loses 2.5 Billion, Results Upbeat

    2.5 billion is not a big deal. Most of the traders here in ET can make that much in two years, starting with $10,000 and making just 2% a day, daytrading AAPL.
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    Urgent Message From Rennick

    What units are these? Thousands? Millions?
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    Urgent Message From Rennick

    Nah, it just started wave 9 of VIII of xvi.
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    Unbelievable prediction but true...

    You could have picked any number between 1200 and 1450 and you would still be right.
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    Urgent Message From Rennick

    Me and Albert Einstein:
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    TOP 100 Traders of ET

    Well, I am long a bunch of ES since Fri close, so I still expect to be ahead of you. :D
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    TOP 100 Traders of ET

    Looks like a beat your account balance by 14 cents:
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    Cramer is a genious

    Geminous? Gonimous?
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    Im going long on FannieMae FNM

    FNM is trading at around $9 this morning.
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    Struggling to find direction

    That is actually true every day, not just tomorrow.
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    The Bull Is Back wow!!!!!!!!!!!!!

    Bull market ended in October 2007. You are late by almost a year.
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    A Message From Rowshan

    That's not much of a prediction, considering that S&P futures were down 10 points at the time.
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    A Message From Rowshan

    I count 3 calls here: 1. "Weak opening": wrong 2. "Higher S&P": wrong 3. "Lower oil": right Your running total is 2 correct calls out of 10 calls made so far.
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    I'm scared.

    0.75% daily return compounds into about 552% annual return. I seriously doubt that it's possible to do it consistently at all.
  20. N

    A Message From Rowshan

    S&P closed at 1280. I don't think this qualifies as a "win" for you. Without specifying the exits, it's all meaningless anyway. For example, I could say "sell at 1282", or "buy at 1282", and both of these trades can be proclaimed "winners", because the price is likely to be above and below...
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