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Why isn't that asking the market to have a memory? You are increasing size because of the recent departure from the norm ... you remember that and believe that makes it more likely to go back to what you consider normal behavior. The reality is that inherent in the law of large numbers is the...

The circumstance you describe is certainly an easily calculated edge. But how do you know he has two overs? Might he not also have a pocket pair and might that pair be 10's to your 9's. And might not he be sitting behind you so that you do not even get to see his bet before your first decision...

I think in fact he is not suffering from slippage but simply paying the spread. Those that trade ES in small (or even medium) size only during RTH suffer very little slippage over the course of the average month. If you are scalping for a few ticks maybe it matters (although I doubt it) but...

In October '87 only a a very small number (two as I recall) small NYSE member firms went broke. The fact is good traders with realistic risk management weathered the storm and given the PA leading up to the break many made a lot of money. The real Black Swan event in the last half of the 20th...

WOW ... the level of insanity is truly breathtaking.

I agree that making the best case you can makes sense but saying, as you did: "Wouldn't it be fairer to treat the two equally?" Is not the way to go about that. In fact it would be much less fair.

But they are different pools. That is the entire point of segregation. Of course the industry has sold segregation as safe but that sales pitch has always ignored reality. If 100% of the money customers are led to believe is safe is in the pool your funds reside in you will get 100% back. If 50%...

Somewhere on ET there is an in depth 80 page thread that Maverick 74 lit up with hard accurate knowledge about what REAL tape reading was all about and why the specialist system was essential to its existence. It is the best thread (on any subject) I have every read on ET and maybe the best...

Do we know that his tower is even the highest rent on 5th? Not to mention how many buildings in Hong Kong might command more. If the street there commands more there might be dozens or scores of locations on that street that are up in price.

If the service is worth it (in your opinion) than it is fairly priced.

A parking spot in Hong Kong (a pretty modest spot in a nondescript garage) recently went for over $600,000. Not only is ASSHOLE TOWER not the highest retail price per sq. ft. in the world it is probably not among the top 100. You talk about these buildings as if they are not heavily...

How can anyone state with confidence that someone else "will certainly not make it". I just don't get that. It is one thing to say the odds are long or very few make it but to state something that is clearly absurd with certainty is ... well clearly absurd. The kid may be the best thing...

I don't think their balance sheet is loaded up with toxic paper but that still leaves two serious problems: Even if there is not a boatload of truly toxic crap there is no doubt that the credit quality of their assets is a solid bite (maybe two bites) lower than it was five years ago and even 80...

Let us know when you open and fund an account -- even a forex account for $200.

I agree that a consistent deposited as "earnings" every month slightly helps paint the right picture. But to think that telling even the stupidest loan officer that you buy and sell securities and then giving him a tax return that shows you are not employed by a firm convinces him you are doing...

Of course you can do 20% and probably a good deal better. One suggestion: Do not think of capping your earnings in your mind think strictly as a risk manager. Cap the risk and see what you produce with that risk profile. You may do a lot better. One caveat: If you need access to cash...

I know a 25 year old trader that made 1.4 million in his second year went on his own with three more seasoned guys as partners and did 2.6 million his first year as a partner in the new small firm. And yes, that was his end. And I know the numbers are exact because he had to give extensive...

Not surprising.

Pretty amazing that a guy offers some very interesting titles for free and still gets derided by a poster. I won't be taking you up on your offer but I do want to thank you for making it. Very considerate. BTW ... I loved The Bell Curve. It was amazing to me that Murray was called a racist...

Maybe he should consider trading two contracts ... lol.