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A quirky 80's film 'Quicksilver' staring Kevin Bacon. He is a down & out bike messenger in San Francisco, a washed out trader that went bust that gets one more chance to hit it big time trading. You can watch fo free on

What you are talking about is called the Heisenberg principle. The more a price pattern is observed by speculators, the more prone you are to have false signals. The more a market is the product of non-speculative activity, the greater the significance of technical breakouts.

Speaking of DMT - A most fascinating film involving the use of DMT is 'Enter the Void'. Very intense - you feel like your trippin out half way into it. Those that have had an out of body experience will really like dig it!

After taking a second look, I stand corrected, the scale was screwed up. The largest weekly move was -19.6% 10-6-2008.

The week ending 9-22-08, the ES was down 25.28% on the week.

Bamboo is an amazing resource - more & more homes have bamboo floors & furniture. I have bamboo growing in my yard - it creates an strong natural wall that is easy to mold & it contains the runoff of the topsoil, ideal for sloped borders which I use it for. I had looked for bamboo stocks...

Right - you come home to find you broker is eating you food & riffling your through you house looking for your trading secrets. This is either caused by taking high doses of amphetamines (Cocaine/Crach Meth/Ice, Adderal, Ritalin, Dexedrine)..... Or a degenerative mental health crisis, the...

Wyckoff's core trading technique still works today - you see it in all time frames - the bull & bear traps that shake out the herd before a big move in the opposite direction - their stop loss makes for excellent low risk entries. I pay attention to volume. The third test of the day high shows...

The formula is simple - it works. I has allowed me to ditch my corp job in my mid 30's & live my life exactly how I want to. * Stay out of debt - and I mean all debt including a mortgage or student loan. * Put 25-50% of your gross income consistently into the market - avg in. * Invest wisely...

You nailed it- the Sharp ratio is not a good metric for traders. The Sharpe fails to distinguish between upside versus downside volatility and assumes the markets follow a normal distribution around a curve which is dead wrong. The Sortino Ratio, Gain-to-Pain, Calmar, Profit Factor, & closed...

Drugs can make you feel like a great trader, problem is your discipline & focus will take a big nose dive eventually. What works is having passions outside of trading, especially if they get your endorphins fired up & get you outdoors. This is vital to be a good trader. Turn off the puter &...

From my experience, the prior earnings reactions in the equity price can provide some decent clues as to how large the move may be if there was an earnings breakaway gap(s) within the last year. Think or Swim - Analyze/Earnings/Compare (see bottom - 8 quarters price moves 5 days before &...

Novice traders often have tiny winners & large loses by trying to force high win rates & the illusion of consistency over the current time frame. Seasoned traders look at a much larger sampling of closed trade NAV. A renowned risk mgr expert looked at the raw trading records of many of the best...

I don't know - it sure is odd. I was on the NYSE site for a few days doing some research. My broker told me I was flagged by the NYSE as a professional because of this. The claim made by the NYSE "only a professional would be looking at the type of data". I never had a Linkedin acct. The...

The wording from the broker: Clients recently received a request to update their account status to determine if they should be identified as professionals under the NYSE definition. Most likely, if you received a notice about your accounts potentially being changed to professional status, it is...

Correction - I went back to look over my emails , it was the NYSE thugs & not the CME instigating the pro fees. The NYSE was trying to charge pro fees if you visited any NYSE web site or had a LLC - no matter how long ago or the nature of the business the LLC is used for. It backfired in a big...

Another broker other than IB, about 6 months ago, was going after clients to impose the pro fees simply because they had a LLC or visited certain free websites containing company analytics which don't even require subscriptions. The broker stated they were being made to do this by the CME. By...

A trader taking wild risks can have a big year or two, problem is they go bust inside of 5 years from betting the farm on their trades. A better metric is a 5 year cume ROR with worst draw down. Being sustainable is far more important than a single year of profits.

Trading costs have trended way down over the years. It used to cost over $100 for the typical trade, one-way that is & a decent platform run over broadband about $6,000 per month. Traders are wise to only focus on what within their control.

Right, You see comments like this in mature bull markets, near the tops - had you invested $10,000 at the 1999 top it would be worth $1,976 at the low, you can bet the vast majority puked out of their positions close to the lows. The same emotions that make day trading difficult also...