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<i>"But would Bogle and this corollary body of research support the notion that active trading is a zero sum game over long time frames?"</i> True for most, but not all. By the same token, buy & hold doesn't always work. Ask the victims' of Vanguard funds who loaded up on tech in 1999 - 2001...

<i>"I adjusted it to be a Buy-Only strategy because I believe the market has a long-term uptrend bias... ...My holding periods are too short for volatility change to have an significant impact on the estimated closing option price."</i> The market may have a long-term uptrend bias, but...

cutten, those are all points well made. I struggled with consistency until I connected chronic depression = anxiety = impulsiveness with trading performance. Once harnessed, my own volatile equity curves turned methodical overnight. Mental = emotional understanding was in the dark ages during...

<i>"I am not sure you are complimenting, or just trying to change the subject..."</i> I never bluff... that was a serious statement. The general concept of what you are doing there had me look at short-term ES/YM charts in a different perspective, which helped. Like I noted before, there...

<i>"I have a feeling you are Austin in disguise.... "</i> <b>Peke</b>, I only have one screen name here in this forum, and that won't ever change. Any moderator who sees more than one name coming from my IP address is free to call me a liar at any time. * If everyone who ever passed...

<i>"Nice to see that at least Austin can keep himself in control."</i> What's there to lose control about? In my mind we're all just gathered around a table here, talking about our profession in particular, sometimes life in general. What I type is pretty much what I'd say in person to...

<i>"After the 29 crash he was worth $100 million -- inflation adjusted over $1 billion."</i> That would have been fun to short into, for sure. Fortunes were made in 1987, too. <i>"I, on the other hand don't respect yours. In this thread you never dared to address my evidence or point...

<i>"I'm done trading by 11:30...flyfishing for tarpon by 12:15. Its really not rocket science."</i> Friday I was done trading by 11:00am est, +$355 per contract average. Went perch fishing on the ice, south end of Canandaigua Lake. Willing to trade a weekend here on the ice with heaters...

<i><b>* You will not have more freedom then a regular job for the first few years * You can not learn this business by devoting less then 4 hours a day to it. If you don't have the time, you may wish to reconsider. * Becoming a successful trader will take anywhere from 6 months to years on...

<i>"Did Jesse also had to sell trading video's like Austinp to survive?"</i> I love your ass u mption, <b>virgin</b> (huge laugh). I likewise ass u me you are a successful trader. Maybe we're both right, who knows? (belly laugh) Here's my final word on Livermore: he is what you believe. We...

<i>"I mostly trade for living expenses for entertainment / challenge / education."</i> In particular, you questioned why anyone would day trade and disparaged it. Many of us experienced day traders will earn several times' more than most swing traders this year. We'll do that trading a few...

Back in early 2005, I traded an emini account from $5,000 down to $800 in a couple of weeks. Did I suck as a trader? You decide * From that $800 I traded one-lot ER leveraged up to one-lot per $1,500 balance all the way to $64,000+ in less than seven weeks. What annual % return is that...

<i>"Act old and wise if you wish but coming across as a dipshit has it's characteristics too and one need not be old and wise to see sometimes the old and wise are just veiled dipshits. Congratulations."</i> Maybe I'm wrong, but I'd bet there are other guys past 40 here who read your post and...

<i>"Austin this is not a defensive post or posture towards you...I am neutral...but I have had the chance to read the book and would recommend it personally to any trader that has a passion for trading...whether they use some of the reflections in the book or do not use them is up to...

<i>"You are a jelous piece of crap!!"</i> Goodfellow, let me ask you this: can you hope to replicate anything that Jesse did using the tactics he used? Can you build a career for yourself in the same manner he did? More importantly, does anyone hope to replicate his acheivements? I don't...

<i>"I don't think that anyone has to daytrade and personally I'm not sure why you'd deal with the stress of doing so as an individual when you can likely make more money taking your time and being a patient trader."</i> Ah, to be young again with all the answers so readily at hand. Life...

"<i>Do you think Jesse was a great trader or not?"</i> Define the term <b>trader</b> That is the basis from which any opinions can emerge from there. My definition of a trader is someone who can regularly, consistently profit from buy/sell process of goods or services on purely...

<i>"I posted this on another Livermore thread a while back..... -------------------------------------------------------------------------------- Quote from Pabst: Several of the post's on this thread are the most asinine, judgmental BS I've read in many a moon. Someone's going to say with a...

<i>"What's SO special about that point where you just made your first 100% return in your trading account?"</i> In how brief a time? Month, or week?

<i>"The good news for you is that males with anti-social personality disorder who live until they're 40 yo without appreciable prison time tend to do quite well."</i> At 42+, that means I'm good (laugh)