Search results

The QM/CL is a perfectly good instrument for a newb to lose a lot of money very fast. It's a very difficult instrument to trade that requires a lot of study and analysis. It's definitely tradeable but you can't just jump in and expect to start generating coin.

Illinois is probably the most corrupt state in the country. It's my feeling (I have no proof) that Mayor Daley is stepping down because the Feds probably told him he would be the next elected official to fall under the microscope if he ran for another term. He would probably be joining Ryan...

<i>"Bernanke takes credit for high stock prices but denies for commodity. But it's just impossible in this economic situation"</i> Isn't this the truth. He publicly stated higher stock prices would generate a "wealth effect" but as inflation pushes stock prices higher it also pushes...

Ummm....I think your looking at the wrong measurement of the money supply. Perhaps the one attached will make it a little more clear.

My bad, it should have read: Unreported by the press, to the best of my knowledge, there were food <b>protests around the 20th of Feb. that could lead to</b> food riots in China because of the rapid increase in the price of commodities. Rumor has it the big fellas in China have told The Ben...

Unreported by the press, to the best of my knowledge, there were food riots in China around the 20th of Feb. because of the rapid increase in the price of commodities. Rumor has it the big fellas in China have told The Ben Bernank that enough is enough and QEIII better not happen. If the Fed...

Doesn't apply to retirement funds. Awesome. Trading the IRA and/or start and LP that is compliant with ERISA. You can trade futures in your IRA but the margin requirements are very high.

And if the government gets its hands on the Health Care Industry the same thing will happen to the funds collected for health care. It will be used for fighting wars or for other special interest projects. Health Care will be paid for by deficit spending, which puts us all on the hook for the...

This may be true but the effect will still be quite negative, regardless of how it affects other countries.

You mean like taking billions from the taxpayers and lending it to the automakers or creating TARP to feed the banks that blew themselves up? Seems to me the Government is taking from the strong and giving to the weak. Although, I have admit that not doing that would have led to dire...

Nah. Adding to losers is a perfectly fine strategy as long as you know when to stop adding. Adding into infinity and I'd agree with you. Having a limit on such an event has to be part of your trading plan. Have you ever had a good feeling about a market move but you just can't get the...

As you may know, I made the leap from trading my own money to trading OPM and on my first day I lost $4k. A pretty small sum for sure. You want to know how long it took me to make that $4K back? 6-weeks. Six friggin weeks. I've had loads and loads of +$4K days trading my own money so why...

Good post Rosy. A pure Martingale system will most certainly lead to financial ruin. I had to learn this the hard way. I was Martingaling my way to profits early in my career and one bad trade wiped out a months worth of profits. I figured it was a fluke and I repeated the exact same thing...

It isn't hard to figure out what a big rally in crude will do to the economy. When gas prices consumers will be very choosey about where they drive their car and what they drive it for. High gas prices cut into discretionary income so that's less money to be spent at PF Changs or the local...

This is the most important thing. Market behavior changes throughout the day. Lunch time is a great time for a perfectly good trader to lose a lot of money. Don't forget to eat right and get plenty of exercise. Have you done anything to work on yourself mentally?

That's a very good article with the biggest difference between the two being freedom. When you manage OPM every decision you make gets scrutinzed whether an investor brings it up or not. Trading your own account vs. OPM is as different as night and day. You can't underestimate the...

There's nothing wrong with position sizing, even doubling down. I do it frequently but a pure martingale system can be statistically proven to blow up. What happens to the martingale on that 1000 point Dow down day? Financial ruin. Beware the 5-sigma event. Even if the market stays within...

The regulations aren't heading in that direction. Man can't control time, although in your scenario I suppose you could argue against that. What's more likely to happen is something like the PDT rule for futures or contract limits, which has already been discussed; or, of course, that dreaded...

It's not the lack of price movement that will kill the profession. It's the attack of legislation that will kill it. The writing is on the wall. Be prepared for it should it happen during your career.

Good point. Just imagine what a person could do if they put all the energy they put into trying to learn to trade into some other profession, or some marketable college degree. I often wonder that when I'm sitting in front of my screens. What could I have accomplished if I had gotten a PhD in...