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Long usd/JPY, short euro, aud. I strongly believe there are traders trapped long here, based on today's action.

Isn't Panda a bucket shop?

Usd/JPY just lost its momentum. Euro, Aud struggling again. I sense the market is going to have a big move, cause it's pretty tightly wound up here. I just don't know which way.

It seems there's little chatter about the JPY now and how strong it is. When it first hit 100 to the USD there was more talk about how the Japanese economy was going to be ruined, and someone better do something fast. Now a couple months later the chart looks worse(better) and I don't hear a...

"Harry Potter and the Sorcerers Stone was rejected 12 times and J.K.Rowling was told "not to quit her day job." There's a list of other famous books initially rejected. Over and over. Gone with the Wind, Animal Farm, etc. On Google.

I knew a successful self made real estate investor-developer in Boston years ago. He started out as a school teacher, and when he made the decision to leave teaching, his father, who had worked for the post office his whole career, was beside himself because Bob was going to lose his retirement...

Wait a minute, this has everything to do with the markets.

Hmmm. Yes we never know what the alternative universe would have produced, do we?

Since I've been blabbing incessantly, I haven't had the urge to trade after I said I was done for the day, nor even check the currencies and equities. Anyone see a connection to the OP?

Ok the obvious question is do you think it gave you an advantage and do you notice differences in your thinking over others who didnt have that exposure? I say your mind is less polluted at a young age, and if you were to train early you wouldn't have as much baggage as the rest of us. Plus, you...

Isn't it just the nature of the markets that only a few are allowed to succeed? If everyone took money from the markets, they would cease to be markets. If there were no lure, the innocent would not try their luck.

I think it was Richard Dennis who said that you could publish The trading rules in a newspaper and no one would follow them.

It's a good list. As usual we dismiss the tails as not being significant. It's because they're just tails. Yuk yuk.

"Life is a banquet, and most poor suckers are starving to death." --Auntie Mame

The sportscaster Al Michaels said that his Jewish mother used to come to his school and get him excused so they could go to the track and bet on the ponies. She obviously must have ruined any chances he had of becoming an accountant. Or a ballerina, for that matter.

How about a list of famous or successful people in their field who were told early on, "You're never gonna make it in this business!" but went on to succeed anyway.

More a- priori thinking coming our way.

Vincent van Gogh sold only one painting during his lifetime.

Wow the euro pulled way back and little bounce. Of course, it's late.

I wonder if anyone has taught children to trade?