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Batra didn't write a serious book ... he "wrote to sell". I write here to provoke interesting discussion where people can talk about their mindsets and not convince themselves that they can't "trust yourself when all men doubt you yet make allowances for their doubting to" There is a huge...

MartinGhoul ... I have paid some high prices for the experience you mention -- superior or not. It's nice of you to recognize that the content of my post was/is the result of being in some interesting places at just the right moment. I am at a loss to figure out where we are in this...

I forgot the most important comment. I like this thread and like the thinking of those contributing to it. Please don't mistake my iconoclast (and, sadly, sometimes over the top) views with the slightest lack of respect for the points made by others. I am 61. That doesn't make my view more...

I hope I did not leave the impression in any of my posts (for it was never my intent) to suggest that the way things would unfold in any panic could be foreseen in full detail by even the most astute observer. After all ... we are not fortune tellers ... lol. That said some broad outlines if...

To say everything seems more rational in hindsight is to say horse races are easy to handicap two minutes after the gate opens or that Monday is a great day to pick last Sunday's winners. The statement has no more meaning than to say the sun rises in the East. Astute observers did get it...

dt ... I would never disagree with the above axiom. It has survived the ages because it is rooted in reality. Here's my contention: The markets had stopped being irrational by the summer of '08. Bear Sterns was toast. The credit crunch was upon us and Lehman was under pressure. Real...

They were running ads on radio & TV selling houses with ZERO down in a runaway market that had exploded to the point where payments before the reset were stretched and after (and you knew when a half trillion would reset) left millions underwater and upside down. In the UK Northern Rock had...

My God man get a grip on yourself! I have asserted that tens of billions of dollars were left laying about unguarded and those in a position to control the inputs inserted the flip side of what they knew to be reality. Disagree with my assertion if you think it incorrect but I can assure...

This thread has all the elements that an intellectual discussion should have including civility. I hope I can add to what you guys have already built. I believe a huge chunk of human behavior is not only predictable but is among the most predictable of variables in the equations we calculate...

One of Taleb's problems is a common one. He took a point of view that, if properly presented, could have been anice 1,200 or so word article that might have made him a few G's and secured his reputation in the minds of his mother and wife. The aunt will always have her doubts. The payoff...

I'm a fairly new trader. I am swing trading single NQ contracts. Any threads you recomend?

Got it. Thanks.

I see that MTrader09 posts live calls for ES and NQ. I am a fairly new NQ swing trader considering investing a chunk of time reviewing the posts and the corresponding charts. Can anyone tell me: 1) Do you think it is a worthwhile use of my time? 2) Do you have a feel for whether the...

I am a fairly new trader that has only recently moved from "paper trading" to reality. In preparation I paper traded a single NQ contract attempting to catch swings and not seeking scalps. I now trade cash the same way I prepped on paper. They $5 NQ tick and the relative "smoothness" of NQ...

Why not cut the leverage to 40:1 or some point which gives you the confidence to trade the swings outright. Seems like he's flying from Chicago to Detroit but he's changing planes in Boise. Why is that a good way to build confidence?

Hardly a debate? It's nearly unintelligible. I'm new to trading and even I know he's two quarts light of a half-gallon. Why doesn't he just call a bookmaker and bet both sides of the same game. You lose the juice but at least you don't have paperwork to fill out and a screen that needs...

If, as I have heard, TorS will be taken over by ETrade I suspect the intraday margin policy will be dictated by the new owners.

There are a some guys in this thread that obviously have a brain maybe even one each -- I mention no names and we have our brain dead contingent. My question is this how can the guys with some brains possibly enjoy this "debate". I can understand how an imbecile can be here; yet, for the...

It seems to me that as a general rule in life the premium paid to use first rate suppliers is rarely prohibitive. You need to pay attention to the pennies but you can'y make those pennies the only factor in the equation. I am still new to trading but I have zerp interest in finding the...

MARK ... Not expecting a knock on the door or someones trading plan. What you have posted (as well as comments from others) confirms some things for me and shines a bit of light on some others. Thanks for taking the time.