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Playing 60-80 hours a week and graduating with an EE in 2.5 years from one of the top three schools in the country. Yeah, right! MY NIGERIAN FRIEND JUST LEFT ME THIRTY EIGHT MILLION DOLLARS AND NEEDS MY HELP IN GETTING THE MONEY OUT OF A BANK. MY FRIEND NEEDS ME TO SEND $15,000 AS A GOOD...

Will TA be hold up to the rigors of scientific testing?

Your trader friends probably haven't experienced the inevitible drawdowns that real people have, if they even exist. Anybody that's been in the business for anytime knows that drawdowns are part of trading. Even with a million bucks in an account, if one made 200K/annum over the long haul...

Also, You should have at least a million dollars set aside to trade. Jeff

I respectfully disagree, though it depends on your definition of rich. Having spent the bulk of my career as a floor trader trading my own account, I only handled one account for a friend of mine, and didn't charge him any fees or percentages. While I might not be rich, I certainly am...

Actually, I'm the real Masteroftheuniverse, and I've been known to make and lose a bit of money in the markets over the past 35 years. Anybody that says they never or rarely lose money is either not trading or full of crap. masteroftheuniverse.wordpress.com. Jeff

Whatever happens in the future, the mistress of the market will always present trading opportunities. Jeff

Although I prefer trading the big S&P to the minis, putting on anything larger than 50 contracts in one order will cost you. The grains give you the best bang in my opinion. You can put on 200,000 bushels of corn(40 contracts) without moving the market, same with oats and wheat. You could put...

My great grandfather bought a seat on the CBOT for 25 bucks about 125 years ago. Since then, at least half of our family has either traded, or been married to traders. You might say that trading is in our family's blood. My cousin got me started in 1972-73 when he was a runner(I was in high...

Every month, I pay myself a set salary, and take some quarterly$$$ for taxes. It helps to be consistent. I even pay myself during drawdowns, as there will always be another opportunity to get it back. Jeff

Good for the decent return. That being said, I'd be more concerned about returns over a 30 year period.....Consistency is what separates the wheat from the chaff. Jeff

The market has interesting parallels with music. Look at sheet music, and compare it with a chart.....many similarities. Music has recurring patterns, harmonics, scales, a beat, shifts from major to minor, and many other characteristics. Markets all exhibit these exact same phenomena. There...

In a twenty year stretch at the MGEX, I saw at least 200+ guys try their hand at being a local. I'd say that only 5 guys made a career of it. Being a commercial market like the MGEX makes it hard to be a local, but there are still good trading opportunities. Most ended up there with pie in the...

Although I play a considerable amount of poker, I still find chess to have more similarities with trading, than poker. Jeff

Don't put all your eggs in one basket. Jeff

Why bitch about politics, when the trading opportunities are the best I've seen in 30 years. Who really cares what's going to happen, as long as the market moves and we can get a crack at it, either way.

But, with the purchase of a natural gas trust, what would one do to offset the position and capture a spread? 99% of arb opportunities are short term, like when the front month of wheat goes into delivery, and the cash and futures come together, not even leaving 1/4 cent per bushel on the...

One would think that if this were a good slamk dunk trade, the arbs would have already taken the spread out.

Hope has caused the ruination of many traders. Jeff

Although slightly off topic, these markets are presenting the best trading opportunities I've ever seen in 30 years. Jeff