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Thank you father darkhorse for pointing me towards the patently obvious.... (i'm not really sure why you even posted this..) Don't you agree that in trading (and in life, as you were so kind to point out), the more one is willing to risk the greater the potential rewards? I thought alpha...

PS I was talking about equity - meaning fairness of the social system. You have to be blind not to see that if you had a better treatment of society from bottom up, all would benefit. Dude, I agree with you that things can be made better. It's just that it seems that every time such a...

What you said makes it an even better example. Not only is it a bust in theory, nations that have embraced such a theory have failed miserably in applying it; most, such as Cuba, have even wilfully mismanaged it. So much for the warm and cozy 'social good' ideal.

I'd disagree with you there man. I spent about half of my life in the USSR (both while it was still intact and after the collapse.). The pitiful standards were a result of a lot of things that I can write a book about. I don't think the duty to the social good was one of them. Dude, I...

You haven't missed anything; we've both really been talking abou the same thing. Perhaps I have missed something. I have always thought that, using the same strategy, a trader willing to risk more is going to earn more, but endures the increased probability that he will lose all. I guess...

How did they take a picture of the Milky Way from 10 million light years away?

Doesn't the stock have to open on an uptick for you to get filled short? Are you saying that if ABC closes @ 50, and that was an uptick, you could get filled short @ 49 on the open?

I don't think the tangibility of the benefit needs to be brought into question; MANY jobs have no tangible benefits. Trading does bring the benefits of liquidity (facilitating price discovery) and risk transference. William might argue about the actual extent of such benefits but surely he...

Well, what I tried to say in my original post is that, no, margin does not have a negative impact on future buying power (as a result of losers.) If you are gonna risk 5% of your account, the are thousands of different ways you could do it. if you have $100,000 and want to risk $5000 you...

Right on dude! Liquidity and risk transference are HUGE services. We traders help lubricate the wheels of capitalism. Perhaps William doesn't feel that his work has made a positive contribution because, unlike the dog groomer, who witnesses first hand the satisfaction of his customer, the...

I don't think so. I have a dubious 'honor' of having known quite a few 'big timers'.. The only innate 'talent' they appear to have in common is the complete lack of concern for the legal consequances of their actions. All the rest can be learnt. I think someone that can 'make it' as a trader...

Alpha, you are talking about %increases/decreases on your TRADES. When most people talk about drawdowns and % decreases they are talking about the value of their account. For Swingtraders, where the risk on a position is often more than $2 or $3, I can't see how a trader could possibly go...

what? you didn't even progress to Playstation/N64? (gaming bliss comapred to Genesis/Super Nintendo) :)

I'm known for making statements like that.. So, if you were referring to me, let me make a little correction. I say if markets are random it would be just as hard to lose as to make money.. My take on why it is impossible to 'fade yourself' is this: you decide to enter a long, but, thinking...

a)The true old money and even the new money has very little common stocks in ownership UNLESS it's is controlling interest or insider (VP level) holding. Most wealth is in stocks that are non public, private ownership, LLP, and RE, plus debt(bonds, paper etc) That's interesting, and, on...

Darkorse, you make some interesting points and I would like to address some of them; calmly and civilly. I know you and I disagree on quite a lot (well, one MAIN thing) and I think you think I follow you around and argue just for the sake of it (I don't, although I guess to you it seems that...

what?? how the helll do they contradict anything i've said??

wait a minute dude... although i think it's pretty clear that the "things" you draw your insights from ARE philosophies and religions, i can understand that your "angle" involves neither.. an "experience" as you say.. i most certainly do not feel "insecure" about things my mind can't "grasp"...

yeah...but a person that subscribes to the teachings of taoism and buddhism might find himself perfectly happy and able to have a complete understanding of the world he lives in, of reality. that obviously threatens dark, so he continues on with his tirades against anything that tries to...

No that's not what he's trying to say. Dark just likes to open up room to sneak his all-powerful gawd in...