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Learn the Jack Hershey method of Seduction.

Very few people on ET trade for a living. Its just a hobby for most who work full-time and someday wish to quit to trade full time. Even fewer people make a decent living trading. Many folks talk, but the only guys that have proven by posting consistantly positive blotters have been HFT...

Trading is only stressful when you lack confidence and faith in your system. I think longer term position trading can be just as stressful as HFT because sometimes you just have to wait and wait and wait for a move to happen - it may never happen - and you have to endure whipsaws and drawdowns...

What is Sterling Trader Pro? Is it a broker or a software program? Which prop firms use it?

I wonder where things stand on this issue now. Are the Jasper traders still unable to trade?

Government is the biggest mafia cartel out there. All these people that think that government is too bureaucratic, inefficient, ineffective - whatever. All that wastage is done on purpose, cause it enables people to get rich.

This picture kinda depressed me.

Lets just call scalping HFT - high frequency trading - as it is the current industry jargon term. Most of the hedge funds are all about HFT these days - most of the programs that do 70% of today's trading are probably HFT programs. Even though it goes against everything taught in economics -...

Position traders (even intraday position traders) have to make forecasts that go far out in time - and chaos theory has a way to mess things up over time. So position traders can have a lot of volitility in their equity curve. But if scalping is so risky then how come the most consistent guys...

One one hand you have Buffet - the anti-active speculator that has made more money then any speculator in history. But then you also have hyper-active traders like Steve Cohen and Bill Simon - both billionaires. And don't forget the swifties - the uber/super/hyper-active traders that bang out...

Here is the paradox: But putting on many trades you have more risk exposure because it seems you can get stopped out on all or most of the trades in a worst case senerio. Furthermore by trading actively - you limit your profit potential relative to losses (you limit your reward to risk ratio)...

Trading better be a science for all traders who are new or who are in a drawdown. After you put in thousands of hours in front of the screen then it can become an art for you as you develop an intuitive sense of what the odds are. Regardless, its important to know the logical fallacies of...

Interdisciplinary is the way to go in the future. I'd study Biology/Chemistry. Then go to med school. Trading will eventually teach you all the finance and economics you need to know so you can use those classes as your electives.

Prediction is also related to the linearity of time. All science is based on this. All science models are judged based on their predictive powers.

Its funny Jack you're on record as saying: "I use 17 *leading* indicators to let me know whats coming up *next*." And then you say prediction has nothing to do with anything you do.

You know why prediction is a dirty word in trading? Because you can't compute the odds with any sort of accuracy. Casinos predict and they know exactly by how much the odds are in their favor at all times. But in trading the odds change all the time. Think about, if predication is...

You're method is ultimate prediction Jack - I know because I traded it today. I saw an FTT on the YM this morning (on a 5 day chart) and I expected the RTL to break so I got long *predicting* a BO after the FTT on the LTL and I flipped it for 72 points.

Okay so you're putting on a pair trade. I assume that you expect the spread on the trade to go one way or another - is that not prediction? If you expect the spread to narrow or expand in a particular direction - then is that not a directional trade - betting on the direction of the spread...

Porge, you revealed the goldmine on this thread many times over and over and these fools can't even play nice with you. They don't want the goldmine if it means they have to work for it. They want the real-time calls so someone else does all the heavy lifting. ET has nothing to do with...

You guys stop deluding yourselfs. Almost LMAO when a guy posted he went from a predicting to a non-predicting modus operandi. Really? You buy, you predict an up move. You sell, you predict a down move. You buy the bid, sell the ask - you predict you will get a fill on both ends. You let...