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Caldwell wrote a book called The Tipping Point which illustrated, in a variety of fields, that around 10,000 hours was frequently the point where the most talented practitioners exhibited true mastery of both the art and science of their work. Obviously some can't tie there shoelaces after...

I believe your 4X margin remains the same intra-day just do not get classified as a pattern day trader if you do not have the requisite capital.

Sometimes I am sympathetic to those that get conned but anyone who goes with this guy is already brain dead. This is about as crazy as it gets.

Ahh ... another guy who thinks the guy who can hire talent, finance that talent, walk away with the lions share ... well, you get where I'm headed with this.

Seems to me that Soros made a zillion dollars at a time when the European central bankers had pledged to protect a predefined band. These banks not only want to make big money they want to do it in a high frequency environment. If they think the central bankers are over or under valuing a...

Good point.

I think most of us -- probably 80% or better -- believe it is when not if in terms of the debt load forcing the Western industrialized nations off the cliff. I'm curious as to what every one's opinion is on the timing. Do most of us believe the avalanche gets into full swing in a year or two...

Not holding overnight means that I am going for more singles than even doubles. For me the fat pitch has more to do with finding trades that generate a high enough W/L ratio in addition to the expectancy so that I can be comfortable increasing size. Lots of this stuff relates to personality...

I'm curious as to how far you have strayed from "ultra". In rough terms would you say you went from ultra to very or a good deal further down the pole.

Fair enough ... it does depend. But it does not depend for 95% of those here on ET ... lol.

Clearly Martin, market making can be extremely lucrative but it is not trading in the context of this conversation and is not trading in the context of 99% of the conversations here on ET. I have no quibble with your contention that some of the most lucrative activities revolve around being...

I think the poker analogy is not correct. In poker because you must ante up there is a cash cost to sitting tight in addition to the opportunity cost. More and more I think of trading as comparable to a NL game which in liquid markets your bets are always faded with no cash cost for sitting...

I never understood the expression "crazy like a fox before". This story is right on point and bolsters the OP's contention. I trade only futures and don't hold overnight so obviously I take many more trades yet in my time frame I need to worry less (probably not at all) about missing good...

I would have liked to see even a few words of condolences for Trevon's family but aside from that lot's of what the guy said makes sense. His contention that black on black violence does not result in outrage is spot on. The black community needs to get on that ASAP otherwise their credibility...

Try to think in terms of concerns ... not fears. Be concerned about losing money for it is rational. Take that concern of monetary loss and analyse it. Do you truly believe -- I mean deep down -- that your setups have a positive expectation? If you do you need to put that concern behind you...

Hope someone can recommend an article or book that lays out in non academic terms how they can help a trader. I don't need to be convinced that all markets are fractal what I need is a practical way to use that in my scalping. I scalp currencies off five tick range charts and rarely hold for...

Frank, thanks for the +1 million ... lol. One point though ... many US hedge funds never got their money back following the Lehman collapse. The improper segregation of funds in London hooked up with Prime Brokerage agreements that allowed Lehman to carry US accounts at their London entity...

I am honored to be the fist one (at least in this thread) to call you an awesome asshole.

So we are not discussing futures and we are not discussing rates. I hope you will understand my reluctance to continue an exchange that revolves around not discussing things that matter to me. I don't mind you plugging your firm but for God's sake figure out a way to do it effectively. This...

A better rate than IB?