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  1. W

    A gift. Thank me after you get rich.

    professors/academics/those with advanced degrees, ceteris paribus, tend to make terrible traders. a few reasons why 1) academics and professors tend to be wed to theory. so much so, in fact, that cognitive dissonance kicks in when FACT/REALITY interferes with theory. they try to fit...
  2. W

    Lost half of my years salary in a week!

    it's called "shadenfreude"
  3. W

    How do you trade for living?

    there is a way to always win 100% never sell a losing position of course, you may have to hold on to your losing position FOREVER and have infinite margin to cover margin calls but you can have 100% winning trades of course, this is absurd. but it can be done.
  4. W

    How do you trade for living?

    Every 2 weeks, I take 75% of my profits for that 2 weeks out of the trading account. The other 25% I leave in as a reward for successful trading. I believe in constantly removing money from your trading account. It reinforces the concreteness of the fact that you aare trading money, not...
  5. W

    any mutual fund traders/managers here

    market profile would let you see what price is taking the most volume, where the value area is, etc.
  6. W

    any mutual fund traders/managers here

    "how can you estimate what the VWAP is going to be for the end of the day" get a crystal ball. i mean cmon! seriously
  7. W

    Using VWAP

    generally speaking, a common saying is that - if you can't beat the VWAP, you probably don't have much futures as (at least as an institutional ) trader iow, say that you want to accumulate ABC over the course of the next 2 weeks if you can beat the VWAP over the next two weeks with...
  8. W

    The Best TA Book Ever Published!!

    "the use of charts and/or chart tools in order to predict pending price action with greater than 50% accuracy" That's my definition of TA. Anyone using price charts with plain bars or any amount of price movement indicators practices TA. " um, no. charts are an ELEMENT of (most) TA...
  9. W

    Looking for successful traders in Seattle

    I am a futures trader in Seattle area. PM me if u like.
  10. W

    Today Crude bounce end of downtrend or end of moth short covering?

    among other things (like most instruments) it depends on yer timeframe, too on a 5 yr weekly chart , crude is clearly in an uptrend, and pretty much has retracedexactly at its trendline now, which offers a decent risk/reward entry for the trend-following type of trader
  11. W

    Transition from Beginner to Pro Trader. How?

    bingo. imo, becoming a professional involves being able to have the discipline to manage risk (iow, control your emotions), and while you do not have to be a mechanical/system trader (i am not, for instance), you HAVE to be a disciplined trader : stick to your stops, follow your rules, etc...
  12. W

    Following or Predicting

    look, i use what works. when i intraday trade futures, which is how i make my living, it is 100% TA. because fundamentals don't mean ANYTHING on an intraday time frame trading the dow minis. otoh, some investments (and even some trades) i will use almost 100% FA. my best return ever...
  13. W

    Prop firm business model

    look, i love your fear mongering but i have been spread trading for a while, on indexes, crude, etc. and i understand the dynamics. as i said, i can't speak to "pair trading" a la bright. i was mentioning spread trading. it is not rocket science, any more than trading itself is rocket...
  14. W

    Prop firm business model

    "Call me stupid but I still don't get the concept of pairs trading. I read Darren Cliffords article as he described the Coke and Pepsi example. Going short PEP going long Coke. Which one was suppose to move in a profitable direction? How do you profit from this if their both going higher? Can...
  15. W

    PPT update: US authorities believe the roaring bull market is just a suckers' rally

    compare the SPEWI to the S&P capitalization weighted index. that shows you the story. this is a value rally. traders are still in the go-go 90's tech mindset
  16. W

    CBOT hosted Classes/Training?

    i have not attended any. i have checked out several of their webinars. OF the webinars i watched, the gramza ones were about the worst imo. it's not that he doesn;'t know his stuff. he seems pretty knowledgeable, but he is slower than molasses in january to listen to. but there are some...
  17. W

    "Scaling out" is inferior behavior

    the idea that there is *one* "optimal target" for all modalities, time frames, instruments traded, methodologies, etc. is where your logical fallacy is. but again, you are either astoundingly ignorant, or a troll
  18. W

    Following or Predicting

    im not defining them. those are the 'dictionary definitions" what i have found is that people who often don't want to be associated with a terminology, or school of thought, will want to redefine a word, so as to place themselves outside that school - this is true in politics, and it is...
  19. W

    Following or Predicting

    "If my main purpose was to avoid being labelled a technical trader, I could just claim I use FA, since you've claimed everything else to be TA. " false. i did not claim (all NOT TA = FA) i said , USUALLY read again. there are some forms of analysis, that are neither TA nor FA...
  20. W

    Following or Predicting

    if it's based on price (i am assuming you are referring to Quantitative Analysis), it's TA. give me an example of a QA setup that you are in doubt of whether it is TA or not TA. TA and QA are not mutually exclusive, of course.
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