Search results

I don’t agree or disagree. He asked for comments about his intention to trade. He said he had $140K plus another $50K to add. I offered my thoughts on that. The context was adding $50K to the $140K. I said adding another $50K was the wrong course and I suggested he not take on the mindset of an...

1. If not his wife’s capital, then whose? He doesn’t seem to have his own capital to trade with. 2. I never said $14K was undercapitalized. Exactly the opposite. I recommended dividing his current capital of $140K into 10 equal units of $14K and trading a couple of MES with one unit and keeping...

A J-O-B? I can understand her sentiment. LOL

Jack be nimble, Jack be quick, Jack jumped over the candlestick; And got his balls badly burned in the process. Little Miss Muffet, She sat on a tuffet, Eating of curds and whey; There came a great spider, Who sat down beside her, And she beat the shit out of it with her spoon.

Ah yes, the Sony Dream Machine. Back when waking up to a radio station instead of a beeping alarm was considered high tech. Amen, hallelujah and praise the Lord to reducing taxes. This state ain’t called California Republik for nothing. I think the commies saw the red star on the state flag and...

Sure. The timeframe isn’t important. You are able to get all the resources you need to support your lifestyle from the market. You are doing quite well.

I’m not into watches. I don’t wear a watch or any type of jewelry.

What job? I haven’t had a real job in decades. Money wasn’t an issue even when I was working. But you would be surprised how fast the money goes when you have more. I have a lot of mouths to feed, figuratively speaking. And the taxes are ridiculous. I keep saying to myself I’m going to move to...

A few thoughts that come to mind: 1. You have a good situation with your wife being able to support you financially, fund your trading, and pay for living expenses. You should maximize the opportunity and set yourself up for success. Focus on learning above all else. 2. On the downside, your...

How do you lose your own life by day trading? What do you do that you consider not losing your own life? Playing golf? Watching sports? Gardening? In my previous life, I decided that losing my own life was spending my days at the corporate office thinking of ways to make rich multinationals...

If you mean Jack Hershey, I have to disagree with you there. Unlike Jesus, Jack was a real person. I knew him and exchanged many messages with him in chat and on this message board. I consider the years he was active the golden years of EliteTrader. His writings were not difficult to decipher...

If the lockdown were permanent, it would be a different story. We don’t know what the world will be like in 20 years. Digital currencies will likely be normalized. To say definitively that crypto has no place in that world, I’m not going to go that far.

The gospels are works of fiction. The Jesus in the gospels is not a historical character, at least as portrayed, and any sayings attributed to that Jesus is made up from other wisdom teachings or philosophies. There is ample evidence that the origins of the Jesus character in Mark is a Roman...

Anyone remember Webvan? A colossal failure at the time. I remember anonymous benefactors donating millions to laid-off employees because the closure happened around Christmas time. All it took was a pandemic lockdown 20 years later for home-delivered groceries to make a come back.

The way I read this original post is that people close to and around OP are “negative” towards his trading. Could it be that they see him struggling? Perhaps their advice is misguided but it’s likely from good intentions after witnessing firsthand OP’s market adventures or misadventures. If...

The knowledge and tools needed to learn to trade are in the public domain. But a person needs more than mere knowledge. Skills and experience are also necessary. A person gets those by doing; specifically, doing successfully. This is where most people trip and fail and risk damaging their...

October won’t work so well this year either.

I can understand the feeling of helplessness while holding. Committing to a large fractal trade while experiencing the shorter term gyrations can bring out such feelings. My friend is highly confident about her 401k. She’s in her late 40s so who knows, she may end up being rewarded for her...

That’s why you keep your helmet and boots on.

I think you have a lot of company, johnarb. A friend told me her 401k is down 50% but it always comes back. So hodling is not exclusive to Bitcoin believers.