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would you want to know if the other side of trade had inside info? of course. more info is better. the "I only trade price action, pure trader I am" responses were predictable.

ptj agrees: http://chinese-school.netfirms.com/Paul-Tudor-Jones-interview.html Q: What's your competitive advantage as a trader? Paul Tudor Jones: The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information...

GLL

Small investors have huge advantages. first, they can buy and sell in a few seconds and without moving the markets, especially smaller stocks or less liquid situations. Big funds can't do that. Second, they have no institutional imperatives to be fully invested or show consistent results. Look...

Good call.

if the stops are too tight, nearly every trade will close at a loss

http://www.barchart.com/charts/futures/SBH14 where would you put a stop? thanks

I don't think that's what I was getting at, but obviously that's what it looks like. Lots of people have made big $$$$ in Tesla, so props to them. They made the right trade. I was just trying to understand the rationale/mindset of the incremental buyer at each stage in the cycle.

what would you describe as your edge? what is the strategy?

Remember this is a total return fund.

That's because you can't immediately sell a fridge right after you buy it.

This is the inner conversation of every new buyer, not of one person: Coiled spring baby, all the shorts are wrong! Tesla is awesome! Electric cars are the future! Wait till everybody else hears about this! Tesla will dominate the industry!! BMW is five years behind! Can you believe this...

The qustion is whether this recent run from $6 is a bear market rally or whether the stock will break the downtrend. You suggest that the recent run is evidence of continuing good news, but if that were true, bear market rallies would not exist. We need other evidence. Shorts are just 2x...

This looks like a guy who made money doing something else and then decides to lose money trading.

HAS ANYONE BEEN MORE WRONG ABOUT EVERYTHING THAN ZEROEDGE?

but why bother? if you want to go north, why get on a horse going south?

I found that adopting a simple "no countertrend trading" rule was very helpful.

This is finance sector profits as % of total corp profits. It's close to 30%. http://static1.businessinsider.com/image/4e94601069bedd653a000038-590/and-these-profits-are-getting-back-toward-a-record-as-a-percentage-of-all-corporate-profits.jpg But some of that is perfectly legitimate...

It's not clear that finance contributes to GDP, that's part of the problem. Contribution to GDP is value-added contribution to GDP. It doesn't include interest on capital - but what is the interest on capital? Your estimate for interest is going to have a huge effect on the estimate for...

This underestimates the total extent of the financial industry, including ordinary asset managers and advisors, various kinds of insurance, brokerage, not to mention ordinary banking. This looks only at the capital invested in financial speculation and intermediation.