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it just seems like the term has crossed over to the mainstream press, with Reuters reporting these past few days: https://www.reuters.com/article/us-usa-treasury/top-trump-official-calls-bankers-will-convene-plunge-protection-team-idUSKCN1OM0LJ if the PPT is indeed operating, as they seem to be...

i've always heard that: - the markets, esp. in futures, is a zero-sum game - the PPT Plunge Protection Team is ready to step in anytime so just wondering, do they make or lose $ on a net basis? ie. after all their efforts, are they still making $ from other participants, or actually losing /...

i was looking at some of the reviews via google translate and they mention that he doesn't disclose the specific methodology if his story is true, still curious on why he chose to write a whole book. but then again so did george soros and ray dalio, so maybe it's for the intellectual satisfaction

i looked around, hard to even do a copy & paste into google translate as the book is either in hardcover or kindle, if any pointers that'd be helpful

apparently the guy who made >US$200m trading from his home has written a book on trading, published just a few days ago and now on Amazon Japan's bestseller list if the whole thing (previous years of coverage by Bloomberg, other news outlets) is just not a marketing stunt...anyone interested/...

They say it's 99 percent perspiration, 1 percent inspiration. Maybe in trading it's 99 percent execution, 1 percent strategy, where 'value investing' has tons of followers, but only 1 Warren Buffett (superior execution due to cash flow and long holding period, enabled by insurance company)...

lol, called the recent low, per this thread: https://www.elitetrader.com/et/threads/gimme-some-sugar.325310/

lol, maybe a good exercise would be to tell them at the start of 1st grade, "here honey, you get your $10k today along with your new macbook -- just do your best, try and compound at 30% per annum and you'll have your college funds." the question is if/when to let them know the extent of their...

i get your point, and it's true that the kids nowadays spend a lot of time with their gadgets, but philosophically speaking, someone could also say that: (1) One of the duties as parents would be to teach kids about the realities of society, how capital works, and the ways to help them avoid...

totally, so many people avoid any discussion about money, making it into a taboo topic, when really it's a tool like any other. a lot of kids grow up with money anxiety and math anxiety, all from implicit conditioning in their environment

it's like that Japanese trader with US$200mm https://www.bloomberg.com/news/articles/2015-08-28/while-many-panicked-japanese-day-trader-made-34-million, supposedly got his start playing pachinko and continues to play video games

@destriero mmm ok, hope you treat your kids with more civility and less abusive language nothing worse than a father with anger mgmt issues

double like, very good idea this is why i like to post randomly on ET, always get some useful perspectives here perhaps it'd be like learning a language the native way, instead of someone giving them a textbook on syntax structures, the kids can figure out the patterns for themselves

so i checked out the youtube video and the game actually looks educational, especially when the guy brought out the income and cash flow statements, lol, that was a surprise either way, would want to teach kids to know how capital works, maybe i'll readalong with them on Financial Times when...

@destriero speak for yourself, dude i've seen family friends' kids who are way smarter than the norm you can't honestly say that all the kids are equally smart, that's like saying they are all equally tall, lol plus, according to your theory of how kids can't understand anything, how do you...

i think the kids nowadays are coddled by all the make believe though, fenced off like they are in disneyland, which doesn't do them any good in the long term -- in fact probably harms them, like a lion which grew up in a zoo being thrown into the wilderness suddenly instead of giving them a...

It always bugs me how they teach theoretical bits of trivia w/ very limited practical use in the K-12 educational system, but little time spent on what is really useful for the future, eg: - How to trade the stock market - How to choose the right spouse - What best to eat for a hangover...

no better recommendations? but have to give it to him, he called out a trade last night to short dollar-yen at 114.36 & trade's been paying out starting immediately virtually no drawdown before it started working...he's got some real skillz

Ok, just finished reading Billion Dollar Whale -- craziest thing is how the guy already made $100mm free and clear before he turned 30, and still he decides to get involved in some shady scheme that ends in him being pursued by the Interpol But, no offense to Wharton grads, but what's it with...

looks pretty solid, you know any good prop shops in Australia?