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https://www.forbes.com/sites/brettsteenbarger/2018/03/17/do-you-have-what-it-takes-to-successfully-trade-financial-markets/#596f09033c70

Simons graduated from MIT at 20 and a PhD at 23 from Berkeley! He won the Veblen Prize in math. His math theory is used in super string.

I beg to differ. Warren Buffett is an investing genius! I don't know too many people who started out with tens of thousands and become at one point the 2nd richest person in the world! That's a sign of extreme talent and genius in his area of expertise. Nash and Hawkings are genius with...

I'm in a very similar boat as you though younger than you. More recently, I've been working in analytics(data science, modeling, analytics) rather than IT. But in broad terms technology. I've posted a similar threads here(search for "Need Advice"). Before I was in technology I was in the...

That's a pretty amazing stats! Your longs and shorts are pretty much equally profitable. I figure given the last few years of strong bull market upward trend, most people's profits would be on the long side. And their losses would be on the short side(like mine was). I guess if you are...

I was talking specifically index futures. If you are talking the entire market then yes there is always something going down even when the market goes up. This is kind of the crux of the discussion below between wide vs deep...

With hindsight and a lot of regret, I couldn't believe I lost all that money in 2016-2017 shorting the market. How stupid of a short bias. This year I finally fixed that disease! Yay! I find it just as easy(if not easier) to go long than short. The entire market has a long bias! I'm learning...

While US market might or might not be entering a bear market, China market will be soon if not already in bear market territory. Short China as much as you can and short often. Both sides will get hurt in a trade war but China will be hurt more. Starting Monday we will probably see China market...

NO ONE knows if this is the start of a bear market or just a correction. It some way it doesn't matter to us as daytraders! But one thing for sure is that volatility is much higher in 2018 than 2017. I think that's a good thing if you know how to trade...

Thanks goodness I never got back in LFIN. I thought about it but I was busy and missed out on the recent run-up. Now the stock is HALTED! SEC investigations. Might be delisted too...

if you are an investor then being broad and allocating your money across asset classes and instruments makes total sense.

If you are trading index futures intraday, then it makes sense to be super focus and deep to understand market microstructure and moves. You need that intensity and focus to do well.

https://www.cnbc.com/2018/04/05/dow-futures-indicate-more-than-400-point-drop-at-market-open-after-trump-threatens-more-tariffs-on-china.html Whoa! I stopped trading in the morning and started working on non-trading stuff. Just checked in now. Wow! Maybe I should have kept the short given my...

Today on my "off day" from analytics consulting, I daytraded. This morning I scalped going purely long. A little here. A little there. Not much but those little points add up quickly even after commission. I felt good since it was uptrend and I went long. As I should be. No more crazy short...

While you are probably right in a general sense though with moralistic overtones, I think you are mistaken the very premise of my postings and perhaps all of ET. A lot of time I and probably many others post not always seeking help but more of an open discussions. Like hey guys, here I am a...

I view ET as a form of community where fellow traders share their joys, missed opportunities, failures, etc. A common issues that all traders face. Collective therapy if you will. :) If you find that form of sharing as whiney then you can think it as so. But I'm glad there are others like...

Today I was onsite doing analytics consulting at a client site. I missed out on this monster move. I've been practicing and researching the charts over the weekend. I was pretty convinced that Monday it would have a high probability of going down. But then I was at a client site doing work and...

I do see your points and agreed with them as well. I think what I'm trying to get at is if you found a consistent pattern then it can be thought of as a signal in your system. And you can use technical scanner to locate that pattern across a broad universe of instruments and enter them...

Interesting. So you work at quant fund? That's pretty cool. I read somewhere(maybe II?) that the joke is that Rentech has the best math & physics dept in America. haha. No, I never worked at Rentech.

Agreed. I'm not saying that you need to be super quantitative to be make money in the market. I'm just responding to the tweet with the blanket statement that anything higher than algebra will make you lose all of your money.