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Gee, if it's all so easy as you claim, why aren't you making bank by just following the kleptocrats? Ask the stockholders in the banks if they think they're part of a "protected racket" when their shares are down 50-60% from the peaks. And those are the banks that survived, never mind the ones...

So you go around calling people "kleptocrats" and then don't advocate that the gains they stole be redistributed? Boy, you're like a saint of some sort.

Why would you limit it to an arbitrary number like 2% unless your historical stats had validated such a number? A strategy with an "optimal" bet size of 2% at-risk is basically a break-even strategy over time.

http://finance.yahoo.com/q/bc?s=^BKX+Basic+Chart&t=5y Get back to us with your complaints about the "kleptocratic nature" of the FIRE industry when the average wage earners wages shrink by as much as the equity values of the banking industry have shrunk. Seems to me that the people who...

I once read an essay on money management and position-sizing that said almost any return was possible, provided the trader is willing to put up with the resulting volatility of the equity curve. I keep a running tab of what my strategy would generate if I were using Kelly betting sizes. It's way...

Seriously. I'm still trying to identify the moment in time when "the money" was "theirs". The money the rich have never belonged to the poor. If the rich didn't have it, it wouldn't exist. Look at any socialist country's experience to prove it. The socialists come to power and begin to...

If the people at the top of the corporate hierarchies actually don't merit those positions, it doesn't say much for the people at the bottom of those hierarchies that they can't displace those at the top. As far as those people being "psychopaths", I don't care, as long as the product or...

Seems like any system with a profit factor of 5 would be very easy to trade without stress. Am I missing something here? I trade my profit factor of ~3.25 system without much stress, so anyone with a 5 profit factor should be even less stressed.

I'm for anything that, in an objective and measurable manner, shows these people they aren't nearly as smart as they think they are. The Left's self-aggrandizement as to its own intelligence is one of the biggest obstacles to political compromise in this country. If you believe, sincerely, that...

On a similar note, if the Left is so smart (and they must be, because they tell me so nearly every time they open their mouths) and the Right so dumb (which they must be, because the only other thing out of the Left's mouth, other than how smart they are, is how dumb their opponents are), why...

If I were Mankiw, I'd have to be laughing to myself that the students who walked out didn't even understand the difference between microeconomics, which is the topic of his first semester class, and macroeconomics, which comes later in the year. Nor do they seem to understand that Mankiw is of...

I actually disagree with you a little bit here. So long as you are following your regular stop movement discipline, losing the profits from a favorable excursion as price moves back toward and through your entry and then hits your stop is not a bad thing. The alternative is to jump out of the...

"Mankind" doesn't have a goal, individual men and women have goals and they can, if they choose, band together to pursue those goals. The people who have tried to impose a single goal on "mankind" have all ended up killing millions of people in pursuit of that delusion and, to a person, the...

Does that mean it could just be temporary?

So you are saying that CME initial margin is now $4,000/contract?

See, that's where you're wrong. I wouldn't piss on your or your friend(s) if you were on fire. The amount of indifference I can summon up with regard to people I don't know is truly staggering. The only use I can really think of for them is to take the other side of my trade.

The S&P 500 has an ATR of between 15 and 20 points/day. If you can take 3 points/day (including Sundays) with 5 ES contracts, you are making about $250K/year pre-tax, which won't make you part of the "1%", but gets you pretty close to the bottom of it. Do it with 20 contracts and you're making...

Exhibit A being Krugman's argument that if only the stimulus was a trillion dollars, it would have worked. I always get a kick out of Communists arguing that something (communal ownership of the means of production) which has never worked even in such fertile ground as the Israeli kibbutz...

It's good to see you've progressed from saying that Econ 101 should be about "helping the poor". Unless "the poor" happen to be your friends, in which case, knock your socks off, just leave me out of it.

Great. Let them all get together and help each other without my involvement, then. I'd rather help stray animals than people. At least the animals have the common decency to show appreciation, unlike the perpetual handout seeking scum of humanity.