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Books have helped many trades who went on to make many, many millions. Many years ago, Options As A Strategic Investment helped one group I know of make a fortune- a literal kings ransom. Programing books have helped others. Poster Xela credits a number of books as having helped her. There...

Longterm Capital used crazy poor risk management. They also had a room full experienced people with IQ's well above MENSA who lost oodles of their own money running the show. Amazing story.

The stock market is not as deep as you think. Too much publicity causes edges to go away. And sometimes there may be only a 500 shares available at a price and ooops... that trader you just gave your method and stock list to just beat you too them and a week later your method is too crowded to...

I did. They would not give it to me.

Very True.

Good for you!

Good for you! Am I correct in understanding that you are not daytrading now, but rather swing trading?

You wrote this in 2013. How has your trading gone since then?

The traders mentioned in the Trading Wizards are all winners. Some for hundreds of millions and at least one is a billionaire. I have a hunch you traded with no edge and overbet and on top of it, that you are not emotionally suited for trading.

Renaissance is incredibly active in automated trading. Many trades last seconds, or less.

Really.. good fortune tellers can make money?

"40 percent? So little? Get out there and trade like real men!" (Kidding) _____ Full disclosure to people who are qualified to understand what you are saying is often of key importance to being ethical. If you believe the other person is not "qualified to understand" extra effort should be...

Thank you for your incredibly detailed reply and illustrative pictures.

What type of trading do you do?

What type of trading do you do in these stocks?

Why do your methods have an earn given that smart people and incredibly fast computers go to bed thinking of ways to beat you and Xela out of your money? Well... maybe not both of you in particular, but I am asking a serrious question. I would have incorrectly guessed the markets you trade...

Excellent post. I will save it.

Fast Execution Using The Best Order Routing: Lots of typing followed by point and clicking after calculating order size on the fly while trading on a retail platform that sells your orderflow, like Robin Hood, will not cut it. If you need the speed of a daytrader you must have a professional...

Some winning poker players are degenerates as well. They play too high, play lots of other games with minus-ev, do lots of drugs, drink like fish and give the rest to strippers and hookers.

They might if they thought they had a worthwhile edge. And the degenerates are used to other gambling vices.