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I'm eager to hear from those who disagree with the hypothesis. I lean toward agreement but am curious about the counter arguments.

Read "Blink" a few years back; good book, fun read.

https://en.wikipedia.org/wiki/When_Genius_Failed http://www.pbs.org/wgbh/pages/frontline/shows/crash/etc/cron.html In the late 90's competent price action traders made money as things fell apart and made a second pile as the powers that be put the structure back together while the Best and The...

Wild thinking ... simply wild!!!

If they were rushing the trains for news it was the 1860's not the 1960's!!

No ... The path to superior results is ALL about having a set of rules that fits your personality, has an edge that you have PERSONALLY verified and then following those rules religiously. If you do that you can truly say FUCK THE RESULTS because they won't fuck you!

What made him persona non grata to begin with. Promoting as a vendor without being up front about it or was it something else?

I find there are few things outside of physical laws (gravity etc.) that are always true or always false. The 95% plus gave me enough certainty to proceed which was all I was seeking.

I think it is key to understand what they do ... they talk not trade. There is one I like and he is the Swiss/German guy that publishes The DOOM, GLOOM and BOOM LETTER. I have never seen his letter but always enjoy his TV slots. Tons of fun and sufficiently convoluted to take away whatever your...

When I was trading ES regularly I frequently entered on stops and, almost always (more than 95% of the time), was filled at my stop price. Size was always small ... 10 lot or less. Given that you are trading size I am willing to stipulate you probably understand this better than I do. So tell me...

More likely they will slowly decline (as they have been for years) until they reach a tipping point. Once that tipping point is reached things can (and probably will) collapse virtually overnight. As Martinghoul has repeatedly pointed out lots of very smart and talented traders have lost money...

On many days those that know how to trade before Europe closes can take the rest of the day off.

It is quite rare. The 200% return you speak of is quite a year; to put a string of them back to back is extraordinary. I'm not suggesting it can't be done or that it has not been done but the reality is that the word "rare" does not even begin to describe it if, as you ask, it must be done, "for...

If a guy is paying 2 and 20 or even 1 and 10 what is he paying for if not to outperform?

As a general rule 95% of talking heads give worthless advice ... maybe even 98%. Every time I've seen this guy it occurs to me that he may be worst of a horrible lot. Moron is not too strong a description of him.

In Zurich during the early 70's my partner introduced me to a guy who specialized in forfait financing (an offshoot of accounts receivable lending) and lending to small foreign governments who had difficulty obtaining funds from larger and more established firms; his two best clients in both...

To be right you need to be right about the timing as well. By that standard, which is truly the only standard that counts, he may never be right.

I wouldn't dream of trading without stops. On most trades there is a point where the theory behind my entry is no longer valid and it is at that point i want out. If I perceive that many others will have their stops right there I might adjust the price some but conceptually every trade has a...

I find it incomprehensible that so many on here seem to think keeping these matters secret from the wife makes sense. Nice to hear someone sees it the same way!!