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Yes Sir ... you never lecture and did not intend to leave the impression you did. I just want to be sure I am first on line should that change. I have followed your thoughtful posts for many years and am an unabashed fan of you tight, logical approach.

It is not a few years ago and no one can now pop into the busisiness and make easy money. That said, there were 4 tick ES scalpers trading in size then and there are 4 tick ES scalpers trading in size today. Algos and hi frequency demanded that they adjust ... and the did. A membership that...

My favorite talking head -- Marc Farber -- thinks it is a bubble. When I say my favorite I regard the of them as entertaining and none of them as worth listening to. But Greenspan? I though we were done with him. Can we deport him? And, if not, why not?

Any firm that provides the tools to earn and learn deserves their pound (maybe even a pound and a half) of flesh. He is learning a trade that, if he is talented enough, can allow him to earn very serious money and the reason he is willing to break his ass all those hours every day is that he...

That's one of the great fallacy ever perpetrated on the investor/trader public. Time frames for a directional outright trader are, by and large, irrelevent to actually making big money as opossed to riding big moves. What counts is consistency and the size of your edge. If you are...

Ending each day flat gives you a perfect vantage point to look at whatever market you are trading come the new day. You're not tied into a position (or positions) that represent yesterday's thinking. Money can be made in any time frame but for certain personality types flatening out by the...

Vitually all of the strategies that are responsible for his profit would not be possible with his own capital ... or at least with the level of capital he currently has.

Frequently the first article on a lawsuit is sketchy and more meat comes out later but this article doesn't really point to any wrongdoing on the part of GS. Here is what I mean: She also said that Goldman neglected to contact Hong Kong-based Vicario Investments Limited, which had agreed to...

One can call '87 a crash.

I think you may have misread my post. I wasn't asking you to repeat all your experiences, I was trying to encourage others that spread (others ... as in NOT YOU!) to report if this is useful information in their trading. I'm not challanging your experience or suggesting there is anything...

RN, I'm inclined not to put too much stock in two years of experience paticularly when equities have been a one way street. That said, if he was trading currencies and crude as well would you be less concerned that he has not seen a market cycle? Since I only trade CL outright this thread...

Frankly, it has been a real struggle learning this. Some of my experience has been helpful and I do know how to cut my loss and not let it ruin my day. Once it's closed out it is history and five mintes later it is ancient history. But this is a hard game. No matter what else you have done...

I owned a floor in a loft building in Tribeca and since it was only five floors we were all on the coop committee. I met with my partners once a month. I sold one of the best very highly leveraged investment imaginable (a friend of mine sold it to me with nothing down and he held the paper)...

Just what everone longs for ... 99 partners he doesn't know!!!

If you send a message to Don telling him what you want to do I'm sure he'll give you a serious answer. He is in the business of capitalizing and providing services to traders.

lol ... I'm sure the fact that you're happy he's made a billion dollars trading bond futures would please him to no end. And now I'm happy to eat some dinner.

Of course people move markets in the shortest of time frames. Baldwin, at one time, could move a market just by walking on to the floor if there was a perception that he favored a side. Please don't buy into this mythical nonsense that markets are some sort of supernatural force. The...

I wish him more as well but I'm not sure you need to be a "really rich guy full of cash" to pay what is probably $5 or at most $10 weekly to subscribe.

The difference is he is a bit past the testing stage and has made himself a billion or so actually trading this way. In fact what he is suggesting here is almost the opposite of scaling in. He is not trying to build a position without moving the market ... he wants to take everything that's...

I think if he meant that he would simply be buying back the 900 he's short. Remember the topic here (and in Baldwin's interview) is what moves markets. And his point is when a heavy hitter on the floor was stuck he frequently recognized that 900 could be just the start of a whole new game as...