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The FXCM data posted by Jason is interesting. It shows clearly that retail traders are more interested in a high win rate than in profitability. As the SSI data from DailyFX show, they also tend to be countertrend traders. So to sum up, bad traders take larger losses than wins, maximize win rate...

Think about the psychology of the degenerate gambler (anybody see the Intervention episode with Gabe, the gambling addict?) The degen knows the odds are against him. He's chosen a game in which he has no control over the outcome, and the odds are against him. He prefers that scenario to the...

Believe it or not, this is the most important thread to ever appear on ET. If you can figure out why you break rules, and then fix that problem, you will have solved 90% of the puzzle. The other 10% is the secret sauce/holy grail. Just PM your favorite guru for that. So without further...

You've got to have respect, or else you'll start to think "this is easy money." And then you break the rules. Good point about breaking rules after a win streak. That's a universal tendency, I think. (As for automated systems, read the whole OP).

For those of us who don't have an automated system that "pulls out" $1000 from the market every day like clockwork, this question is for you: why do you break your rules? Whatever the rule might be - a stop loss, sticking to specific set ups, never messing with the automated system, etc -...

when the prop firm went down, it was called Tupo or something, the results of Dustin's trading were posted. It was pretty incredible.

what about subtracting Qs 1-3 from full year?

Every short creates a corresponding long. So there are never more shorts than longs.

If 107% of the shares were short, that means that 207% of the shares were long. So actually, only 52% of the longs had a corresponding short.

The Sith Lord thing, the horns, . . . it looks kind of anti-semitic.

selling something that didn't exist before, also known as "futures" and also "options" . . . So we should ban both of those, right? This is all just sour grapes, if naked shorting depresses price, that should be a goldmine, just buy more shares and squeeze the shorts. This is just like all the...

So you're granting there's no harm?

Isn't naked shorting just the same as single stock futures? What is the difference between a SSF struck at $50 and a naked short at $50?

Who is the victim in a naked shorting scheme?

The run in the USO only reflects increased backwardation, not a run in oil. The "roll yield" is increasing, and USO benefiting from that. It's true that WTI is up, but the price of oil is probably still within a range. All true, but the increasing backwardation reflects pessimism about future...

peak oil dead http://finance.yahoo.com/blogs/daily-ticker/high-gas-prices-relief-pump-coming-soon-says-121618842.html;_ylt=A2KJ3CZ3rPJRdUYAaBiTmYlQ more oil has peaked http://finance.yahoo.com/blogs/breakout/profits-energy-ahead-sector-worst-month-technical-analyst-115723627.html...

Hard to know if this is serious http://www.youtube.com/watch?v=PgDsyj5eLmo&feature=player_embedded

The marginal producer sets the price, and the marginal producer is high cost. It's as if Canada joined OPEC and made an iron-clad guarantee to never defect below $80. That makes the Saudis swing capacity much more powerful. In effect, the Saudis can lower or raise the price like turning a knob...

The conventional wisdom is that all this new fracking is weakening the power of OPEC, and once Iraq and the new shale sources come online, it's just a matter of time before oil goes back to the old range of $80 to $95 or even lower. The current price is elevated due to misguided or temporary...

Don't bother. The spreads are wide, and ultimately the only way to make money is directionally. Trading the fifth derivative of volatility is great for your broker, nobody else.