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I am talking about trading with the use of leverage of course. A good trader ought to use leverage. Let me put it this way, the minimum to trade at the firm was $50,000. This was before the PDT rule. A tick was 1/8th and we traded 1000 shares usually. When we discussed performance we weren’t...

I‘m at a local park at the moment and I see ducks and geese. No kangaroos. In New York I was a lawyer but didn’t work on Wall Street. I knew some backgammon hustlers who used to play bond traders outside the WTC for $1000 per point. That was the closest I got to rubbing shoulders with “BSD...

You demonstrate repeatedly that there is something the matter with your brain. Let me instruct you how to train your mind: Reading comprehension first; asking questions second.

The index is not a standard of any relevance to trading. I find it oddly amusing that this notion keeps getting repeated in various threads. (The Meditation thread is another example.) The "pros" in the financial industry who manage large pools of capital for fees have an incentive to use the...

During the week you go to sleep thinking about the market and wake up thinking about the market. On the weekend you rest. Where is the obsession part? In my previous profession my mind was constantly on my work too, but I didn't have weekends off.

A very sensible post. I could not agree more, especially with the last part. People love to bullshit themselves, and they wonder why they keep failing.

2243 USCF

For me, trading is more akin to driving than hunting big game. Trading requires about the same level of alertness and attention as driving a stick shift.

It might help to limit the inquiry to learning to trade.

The quality and quantity of the BS have also increased. Consider the industry that has formed around trading education: the books, courses, coaches, mentoring, etc. Also consider the "free" knowledge that is provided in venues such as this site. Do you really believe it is easier and faster to...

LOL, get real. Your discernment is on par with your dumb posts.

Keep guessing. You may get it right eventually.

You read this in a book written by a vendor and it sounded good to you, and the notion took up permanent residence in your mind. The consequence is you keep repeating it over and over like a parrot. I know from a prior exchange of posts that your ability to reason is compromised. But see if you...

I get your point about trading too large and frayed nerves, but when I think of extremely high risk activities, trading does not come to mind. Trading is a game in which your risk of loss is limited to money, not life or limb. A common issue I see throughout many of these threads is that people...

Meditation may be helpful. For me, adequate sleep and avoiding caffeine is way more helpful. Neither meditation nor a good night's sleep is a substitute for knowledge, skill and experience.

Funny stuff. Talking a good game is an art form in itself.

You are absolutely correct. The treasure is buried in the archives. What is posted nowadays as trading knowledge is mostly humor.

That's quite a fish tale. Did Yul Brynner and Steve McQueen arrive later to teach them how to fight off the government tax collectors?

Yeah, I can concur with that. LOL

I was expecting someone to bring up the Turtles but no one took the bait. But here’s what I think is really funny. You say you’ve known Al Brooks for years and traded with him, implying you two are friends, and yet you say you don’t know and don’t care if he is even profitable. Now that is...