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Cheese, I don't disagree but the raving maniacs who speak as if no one can make it because the can't get awfully tedious over time.

Wish I had said that!

If you can trade London hours you can't beat 6E.

Fair point. If you would simply stop back and tell us once one of these highly sophisticated risk takers calls you an imbecile. It will close it out honestly.

I mean no disrespect to anyone on this thread that happens to be gay but I am laying three to one this guy is either a closeted homosexual or in denial of his sexuality. Man ... talk about putting up a neon sign!

Unless your are dealing with very sophisticated people who understand risk and consider it part of their business/investing life his comments are wisdom you cannot afford to ignore. Evaluate your friends and family. How will they feel about a 30 or 40% draw down? If you are honest in your...

Good stuff Cheese. On the money.

I did not think this post would provoke people ... lol.

Someone sent me a PM to point out that keeping fit is a prerequisite and I failed to point that out in my original post. I have just begun the long road back to fitness and their point is well taken. The better you feel the better you trade.

I have added him to my ignore list as well.

EMG ... did you miss my point altogether?

Whether it is 98 or 99.5% who fail is irrelevant. The purpose here is to show that while the odds of becoming a consistently profitable trader are long they are not as bad as they might appear to the casual observer. 1) Half (or more) of those that wash out start (and end) with some FOREX...

ND ... I agree that what you said is overwhelmingly the case and an aphorism comes to mind: "It is as foolish to think that you could be wealthy and not act like the wealthy as to think you could drink all day and not be drunk" That said there are those rare individuals that hold their...

The problem stated here is eluding me.

Might the city of Chicago have something to do with which states has more millionaires?

Clearly what you say about fools being in a rush to get rich is accurate. Yet, as you know, while the % is very small there are thousands of day traders that have the goal of accumulating wealth over time and the skilled ones achieve that. I am convinced that while trading for the long pull...

YM has little liquidity during the hours you need to trade. Scratch it from your list.

They are frequently the same people.

I was friendly with a girl who was a host at one of the AC casinos. It is astonishing that they can convince the imbeciles that they are comped in a $450 a night room because a piece of cardboard on the door says $450. The handle they buy for trinkets and booze is incredible.

Actually in AC some casinos allow the host to grant cash rebates -- 5% or even 10%) to smaller (much smaller) players. They do this after a player has had repeated losses, the can see he is clueless and simply do not want to lose him. They take care of whales and proven losers. Sounds like...