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i agree - wish i had better advice when younger

You really think so? From someone who has been there, and learnt the hard way - I dont think so. Skilful action is what it takes - and action and knowledge have very little in common. Did Branson become the richest man in England by knowing more? No - he believed, had a value of fun, and took...

So.. how did backtests that were certain turn out crappy in the real world, and what did you learn?

JH, this is one of your best posts ever. Truly legendary. Thanks.

I hear you - I cant handle lack of control - it makes me feel like a baby or a slave - which is not how I want to feel. How did you move into tdg? Stack of cash or did you start on a shoestring?

Trading on a 1-minute TF - dont your commissions or even a tick slippage wipe out your expectancy? Common sense would say so.

Great post - thanks

Just turned 25 and have 300K?! Mummy and Daddy giving it to you?

Exactly. Thats the rub. I have thought of moving to a cheaper country, and earn a higher standard of living by outsourcing to US companies.

thats it - all psychology

Grob - you still have more insight and teach me more than 95% of the forum put together. Regards

You are coming from a glass half empty approach - why do you need an advantage? Why do you need to 'beat' others? Be creative. Gates and Buffett didnt have 'advantages' over others. They had skills and took risks.

? the upper level is 20 day high, lower 20 day low

Great post. But most of what we have is OHLC data..? Do you recommend doing strategies not based on price, but on fundamentals - as you did with fund inflows/outflows? If so, then you are saying there are no edges in technical analysis (as all indicators come from OHLC and V).

Interesting. If you dont mind me asking, how old is he now? Would he do it again, knowing what motivated him, yet also knowing it worked?

Those are such true words - any more where they came from?

Unfortunately I agree. Lucky I have great job now, but very fortunate. Takes a long time to find one where you can work with nice people doing something interesting. And then things can still change.

This is off topic, but dont take out trading anger at your partner, or you may not have a partner anymore.

Thats a great piece - thanks. I ordered the book already.

Are you kidding? I have a normal career, and time for relationships and health is not more than it would be being a trader. What kind of career are you thinking about - hairdressing?