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You still need something where the odds are not stacked against you. No risk and money management will help you to win in roulette on the long term.

Griffin is very smart. May be this is how he will be able to weather this storm.

Any good trader has his emotions under control, some aparently can not. Also it is rather sad to see grown ups behave like children. There is no point for my posts any more, since it is fixed income discussion after all. Also it looks like I hit someones button, and the thread should not...

The angrier people behave the more stupid they look to people who are calm. This is not the rule, but usually the angriest ET memebrs are the biggest losers in trading.

Electronic trading erased borders and opened way more doors than it shut down. Anyone who is too blind or ignorant to see this just ignores reality and clings to past. As far as screen traders being lazy, all I can say is ROFLOL.

Exactly, time bars 1min, 5 min and so on distort price action. Market does not care that 5 min bar ended, but when CVB bars are used, they represent pure price action, and thus making its analysis more accurate.

I am surprised why BuyHiSellLo is having such a hard time understanding this, and he used to be a pit trader.

I trade index futures - DAX primarily. And you are everything that used to be wrong, and it looks like your practices have been phased out. You are pretty much a relic. It looks like you are having hard time adapting, since you speak with such an anger. Take a deep breath and count to...

Losing 47% means that they need to make around 100% to hit high water mark to start earning again. It will be really hard to do, but Griffin could find a way, who knows.

First of all, why the curses and bad language? Do you expect people to be on elite every second of their day and answer immediately? I have not traded in the pits, but spoke with many people from both sides, and the vast majority of non local traders say that electronic platform dramatically...

Yes, the price action on non fixed time fractal is the key. Bill chose ergodic to help him, I use CCI, but price action is above everything else.

Spoke with IB about it: The margin is around 10mil KRW, which is about $6,900. RT is around $7. The tick value is about $17 Average daily volume of Dec contract is about 350K. Average daily range of Dec contract is about 140 ticks. Looks like an interesting one to try. Anyone...

It has finally happened. CFTC issued no action letter on 11/26/2008. KOSPI is now allowed to trade from US . Regards, redduke

But it was. Pit was a license to print money, though obviously not for all locals. A lot of traders who used to trade in pits really hate electronic trading because it leveled them with general public and many of their edges are gone. The volumes in current environment would be down even...

The pits were only good for the locals, everyone else was at big disadvantage. Why would anyone except for the locals wish they come back? :confused: Electronic trading opened doors for so many traders. So the volumes are down, every business has ups and downs but Eurex and CME wiht their...

Because this is not a coup. Their legislature allows for vote of no confidence, and thus it it still democratic.

I personally find zen-fire to be the best feed for Ninja.

That is exactly why I want to see it before it disappears.

Funny. :D

Welcome to ET. I actually never seen the floor live. Any way you can arrange the visit. The beers will be on me. :)