Search results

I don’t know if you’re a guy who would get butt hurt because someone rejected your book suggestion. I didn’t state or insinuate that you are. I would think there can’t be such pussies like that around here but who knows. 99 percent probability it won’t make any difference to his trading...

His overall sentiment that he expresses in different ways: SELF-RELIANCE. I think this latest series of volleys between you two was fueled by his rejection of a book recommendation you made to him. Biggest Loser is the Winner or some title like that. Reading a book isn’t going to help him. I...

I don’t get the confusion. I agree with your post. Which views of his are you talking about? I said I agree 100% with the sentiment that he expresses.

Exactly. Couldn’t have said it better myself.

So you can’t answer the questions. No need to deflect or get upset. I didn’t get much from your interjection of tax code definitions, which I’m very well aware of, into my exchange with the stock trading businessman. But I’m sure you meant well. I expressed my view that trading is a game. I...

Okay smart ass. Why don’t you take the baton from deadduck and answer the questions. I think you said you trade futures so you shouldn’t have any problem discerning them from stocks. What is the product/service and who are your customers/clients? Don’t say I should already know. I don’t know...

You are missing the point. I asked a person who said trading was a business if done full-time those questions because I see trading as playing a game not running a business. I own a small business as a passive investor and have commercial property as well so I’m well aware of what it takes to...

You have a very narrow view of what a game is. Have you been around competitive chess? No one serious thinks it’s entertainment. Ratings, rankings, titles, but not much prize money.

Please don’t bring the tax code into the discussion. I am a tax lawyer by profession: JD BUSL, LLM in taxation NYU. Tax definitions are for taxes.

Wow, all these years I had no idea I was attempting to do the same thing as the CME. Seriously, I was asking you about futures contracts and if you see them as you do stocks, to sell like used dresses in a second hand store. Since you answered perfectly, I don’t think anything worthwhile will...

Okay, I won’t nitpick and will accept your tangible description of stocks. For you stock trading is a business. What about a futures contract? Do you think the same?

Describe how trading is a business. You can start with, for example, what is the product or service you are providing? Who are your customers/clients? Don’t joke and say you are providing liquidity as a service and your customers are the counterparties on the other side.

It’s a game. Running a business is a lot harder. It does take seriousness to play it well. But trading is a quintessential game.

Trading can be as complicated as a person wants to make it. I think the KISS principle works well in trading. Your account of your female friend and you is the best story I’ve read or heard about how someone got introduced to trading. I’m including even Reminiscences. Keep learning, keep striving.

That is highly doubtful. Most people go down the path you are describing. SimpleMeLike has it right: the best path is to get taught by someone who knows what he is doing. Short of that, the rational thing to do for an unskilled person is to not trade. But life would be unbearably dull if...

When you said daytrading I assumed you were speaking of index futures. My error. Personally, I like the longer cycles for stocks. Not saying they aren’t viable for intraday trading, just that highly leveraged instruments like futures are better. But that is only my opinion and there are many...

Right about what? I said it’s not for everyone. But if you’re already monitoring the stock market daily, I think it’s a natural extension to trade index futures short-term. You should experience the trading hours from Hawaii. You don’t know how good you have it here. The schedule doesn’t...

Intraday trading isn’t for everyone but if you can do it why not? The money is better than any profession, and when the market is active and you’re in a groove it’s a lot of fun. You can walk away from the screen any time.

Is Helene Keller your real name? Very interesting if it is. In any case, in a zero-sum game, not just newbies but many experienced people lose. It is simply the nature of the beast. A small minority that make up the winning group are paid by none else than the losers. I would surmise that most...

I don’t feel sad or regretful about it ending. Sure it was stressful and a struggle when the edge disappeared; I didn’t foresee that it could happen so quickly. But the edge was mostly a gimmick of technology. As more people in the office learned about it, the profits dissipated. The game...