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I could swear I never made one of those comments, so it's a moot point to me. Not to mention that I wasn't talking about Europe or making an argument for or against "federalism" in general.

You do realize that "states" don't pay taxes, individuals pay taxes, right? If the Republicans are "the party of the rich", that means that rich individuals in liberal states are the ones paying the taxes. Don't flatter yourself that you lefties actually subsidize anything. All you do is...

The problem with that is that federal law still supercedes state law in many cases, so simple geographic boundaries such as state lines don't provide legal exemption from whatever Ponzi scheme the Feds dream up next. Figures you're against it. I would be too if I had the crap ideas people...

Hey, easy solution is to split the country into two countries. If you think that your ideas are so superior, you should be in favor of this solution. I know I am. Put your money where your mouth is.

This seems like an assumption, not something you could show empirically. Granted that each percentage point deviation from the average win rate over a large sample size is a larger percentage deviation, I don't know that in absolute percentage terms the deviation would necessarily be any larger...

All you've done is make an argument for SOME of the things that are currently done by the state. Extrapolating from that some to all of the things it does is a big stretch. Unless we somehow are spending $4 trillion dollars on vaccinations, schools, labor law enforcement and housing codes...

Win rate should be measured because it can be one input into the sizing equation which enables you to avoid ruin. Yes, there's an assumption in there about being able to meet the minimum bet-size requirements, but with today's markets, I'm pretty sure that minimum bet sizes are under $10 for...

What ends up being interesting about many trend-followers, though, is that they actually don't have profit targets, so don't know what the risk-reward ratio of any given trade is in advance. Ultimately, a trend-follower just has to take every set-up that triggers a valid signal and manage the...

Of course it's possible to be directionally-correct 60% of the time. If you really want to kick ass, though, you need to have your winners be 2X the size of your losers, too. 60% correct with winners much smaller than losers is just a fancy way of losing money while being "right".

As of now, I only trade the ES and the most interesting thing about the past few weeks for me has been that I'm basically not getting any trade signals at all. Which is fine by me, since there's been hardly any follow-through on the ES anyway. So, the design of my system is proving itself by...

I second the notion to go read the ACD Method thread. It is hands down the best thread on this board. When you understand what's going on in that thread, you will be ready to start putting strategies to the test, probably starting with a sim account. Don't let your capital burn a hole in your...

I think of it as my version of "community service". You're right about one thing, though, which is that you people do come across as "little".

Sticking with the Blankfein example, if he, as CEO, is able to increase GS revenue by 1%, that means the company gets another $390 million in revenue. Compared to that, his compensation of $13 million is chicken feed. While I am definitely in favor of indexing compensation to appropriate...

Maybe you can reach for actually making real money? I know it's a long shot, but that seems to be the only challenge worthy of your brilliance. This journal is almost reason enough to shut down the internet forever.

Yeah, OK, it's a kleptocracy where the guy who's allegedly at the center of it all (Blankfein) has taken a nearly 80% hit in total comp since the market peak in 2007, while the average worker has taken a few percentage points hit. Whatever, man. Basically, in your subjective opinion, a...

Yo, dude, Blankfein made $13 MILLION and the company's revenues were $39 BILLION. You were only off by a factor of a 1000. This is why I can't take you people seriously. You can't even get the details correct, yet, I'm supposed to believe you've got the correct "big picture" view? The more...

And my point is that this "kleptocracy" seems to be taking it on the chin pretty hard. Which, if it was an actual "kleptocracy", it wouldn't be doing. If you look at Blankfein's compensation, for example, you'll see that the largest component of it is tied to GS stock price. THAT'S why it's...

Who's being "paid as if they were a founder" on Wall Street? Are there any Wall Street CEOs who get paid even anything as high as 5% of revenue? I highly doubt it. Lloyd Blankfein got paid $13.2 million in 2010, according to the NYT, and GS revenue was $39.2 billion, according to Yahoo...

I realize I'm arguing with a kid who thinks he's "looked behind the curtain" to see that the wizard is just a man because he's read a couple of Ron Paul articles about the Fed. If you're so much smarter than the people who run pension funds, why don't you go run one yourself? With your...

I doubt you'd know logic if it hit you over the head with a 2X4.