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    The Dunning-Kruger Effect

    Psychics. Clairvoyants. OK. Yes. They must be. Because the overwhelmiong majority of trades I saw looked worse than guesses. Some of them were based on ideas that I wasted my rapidly waning life testing. When I asked innocent Socratic questions I was shooed away. I did see a lot of one-trial...
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    The Dunning-Kruger Effect

    This is so embarassing. I thought YOU were stupid and misspelt "auger", as in the aviation expression "auger into the ground", which is what Journals reminds me of. Is there an augury thread in Journals? (As an aside to readers, why do you suppose it is that Canadians feel obliged to talk down...
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    The Dunning-Kruger Effect

    augurs? Sorry, I don't get the reference. Don't find a user by that name. Was that a trick question?
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    IB Increased Margins

    Don't see it in TWS, message center, or email. I think they're just raising YOUR margin.
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    The Dunning-Kruger Effect

    Oh, my! Here I was thinking of Journals! Some weeks ago I read learned opinions that ET's greatest minds resided there. I checked.
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    Soros says the EU's problem is not greece or spain

    You may. But please don't use my real name.
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    The Dunning-Kruger Effect

    Thanks. I saw it referenced in a concealed carry handgun forum, of all places. I was a brilliantly intuitive trader for many years before I started backtesting.
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    The Dunning-Kruger Effect

    You all may already know this, guess I was curled up asleep under a warm rock when they published: http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect Proof of the traditional Southern aphorism: "Truly stupid people don't know that they are." As to how this might apply to ET, I am...
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    Is it likely to be a successful trader if you have a full time job?

    Until you retire, put your market talents to work in managing investments for retirement and in identifying EOD multi-day swing trades. At night hone your daytrading skills by analyzing the day's price action and backtesting ideas. You'll get your thousands of hours of experience that way. But...
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    Soros says the EU's problem is not greece or spain

    Anything Soros says is suspect. Every word out of his mouth is self-serving. You probably cannot even believe the opposite of what he says.
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    Jack Hershey Heuristics

    I have been trying to understand Jack for nearly as long as he has been trying to be understood. This Odyssey has been not unlike the Five Stages of Grieving. But this morning, after months of algorithm dicking and threshold tuning, at precisely 9:31:25 an indicator that Jack inspired called the...
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    Trendfollowers: When oh when are we going to start making some $$$?

    Jack says: "Have some laughs about how YOUR taxes are being spent checking out Hypostomus and his aliases. ET is apparently famous at the IRS these days." As an associate of said Hypostomus, who unfortunately no longer posts here, I can attest to you the truth of what Jack avers about the...
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    Is Texas the best state in which to live?

    My son was at Texas Tech only a week when he called me and said, "Dad! There's nothing to do here but drink and fuck!" So he went with the flow and got a part-time job bouncing drunks at a strip joint.
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    Stops... in your trading systems...

    Totally agreed. Test, test, test. And think creatively about how to structure stops mathematically. Don't fall into the lazy mental trap of thinking only of the kinds of stops brokers offer.
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    How many times did you rewrite your trading system before it took off? + Poll

    Your question belies a desperate need to overcomplicate in compensation for paucity of ideas. It is not infrastrucure and software and transportability and professional affiliations and all the things you mentioned that bring success. It is trading ideas. My best system codes up in about 60...
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    Addiction, Overtrading, and Patience

    Vingt-cinq Trente-huit, who among us has not experienced what you described so eloquently? Who has not wrestled Shaitan, or been tempted by Mara? I say to you there is but one strength in that war. It is not virtue. It is not abstinence. It is not avoidance. It is not patience. It is not faith...
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    TradersExpo Dallas 2011

    I cleaned up this morning, not too hard since Saturday was just two days ago, and made my way to the offices of Cobra Trading in Allen Texas. La receptioniste looked a bit edgy, probably needing it but not getting any. Not my reason to be there, though, I'm on a guerilla mission. "Hello!", I...
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    Is Texas the best state in which to live?

    Of course getting laid is important. Fortunately, Ole Fat Miss is just a short flight away via Mobile. Southern Miss is where the fattest girls are. I guarantee you that, dead drunk and in complete darkness, you will not care. Holeing up, so to speak, for a weekend in a Marriott with a fat girl...
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    Is Texas the best state in which to live?

    Have we met? You seem to know me.
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    Is Texas the best state in which to live?

    Truth to tell, I think Portland is the place to be. But I am an congenital trailer trash redneck Republican, so I can't go there except on vacation.
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