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<i>"It's OK if some gamblers want to get into a larger money contest. They lose and fade into the sunset. What one is hoping to reveal in a contest is talent. "Enough money that it would hurt to lose it" + more time so that a lucky trade or two didn't influence overall results so much, would be...

<i>"$5K is such a small amount, contestants can trade recklessly and overleveraged. Most will wipe out... a few will win. The results of this contest are likely to have a large luck component. A more valid contest would be for significant amounts of money and over a year. (In the '80s and...

<i>"viagra and charisma are the great equalizers. alot of men try to live his pretensions but few can."</i> viagra and money=glitter are Hef's equalizers. If he were a blue-collar worker, his nights would be spent a lot differently. A goodly number of men out there do live his pretensions...

<i>"I have a cell phone, computer and a part time chauffeur. Warren Buffet with his immense wealth doesn't have any. Why? Why these guys don't like cell phones? They are still working with land lines?"</i> Cell phones are ok for occasional use, best carried while turned off so the whole...

<i>"How great was/can be cash price and how many competitor was/would ..."</i> Just a bit of friendly competition to see how it all turns out. I'll probably trade a few more turns in the contest account, probably gun it a bit more on the leverage side once the account grows a tad. Cash &...

Count me in... should be fun. Let's see where $5,000 starting from 10/01 tallies up by 12/31 :cool:

nkhoi, that is an excellent post. As someone who has a passion for cooking and always aspired to restaurant operation, I can identify with all those thoughts. Trading as a business instead of recreational gambling from the comforts of home is exactly like any other business: hard work...

<i>"A skilled trader with the right method can definitely operate 20-40 trades a day with positive outcome with so many trading opportunities offered at ES."</i> That is very true. A skilled trader by definition can identify oneself. At the end of the day, 20-40 trades will result in some...

<i>"However, I strongly disagree with the portion quoted above. Here are some of my thoughts:"</i> Excellent points, makloda. As usual fom you. Proof of why the future will always remain unknown... both sides can be debated with seemingly equal merit. And, it's always a pleasure to...

<i>"So was today just a tricky day on ES or did I just screw the pooch by chance,..."</i> Good news is, you screwed the pooch. That means all hope is not lost! <grin> ES like all indexes are trading in a sideways trend right now. One day is a gap-up & go, next day sells off, third day...

<i>"Nobody feels good holding ES futures short overnight now with the Fed potentially acting any minute."</i> That's exactly why the Fed offered a faux rate-cut placebo three weeks ago. Shock the shorts, on option expiry Friday for max effect. Expect this sideways pattern to linger into...

Next question: does everyone expect interest-rate cuts to mark a years'-long bottom in stock markets? The latest rate-cut cycle from 2001 saw stock index markets fall into a bear market the entire way. Fed kept slashing -50 basis to -25 basis, stocks would quickly ramp and promptly dive to...

<i>"Remember the ET rationale: If somebody has a net worth of > $10, $100, $1000 million then he must party with dozens of escorts and do lines on their butts every weekend otherwise he's a complete nutcase."</i> How boring a life is that? Immature losers only need apply. As for the foods...

<i>"I know I have to get my mind right about things, but is your advice that your financial situation doesn't come into play."</i> If a trader doesn't have a defined edge to win AND the self-confidence to hold themselves accountable (disciplined) to it, starting balance account size is...

<i>"Well there it is. It may be boring, but it's where I'm at. If some of you would see fit to post your beginnings, it may help or save some other poor soul who has come to the market. Thanks in advance." JIM</i> Regardless of what method - system - approach you start with, money in the...

Tim, I am absolutely blown away. That list of reviews is incredible. I cannot believe you actually ferreted out all those people, sent them tear sheets = prereleased copies, followed up for positive responses and listed them in here. The amount of time you have invested in this project is...

<i>"my fans will buy it and my haters will be forced to come around and satisfy their curiosity"</i> That accounts for a fractional blip of people... the rest of us are too busy reading stuff that will actually educate, entertain or both. Got a couple of new books today on rearing honeybee...

<i>"F$%K YOU austinp. Go blow an account or two."</i> No need for the unprovoked hostility. The OP asked a question, there was no gloating involved whatsoever that I can see. You pounced on him for whatever reason. Is that accurate, or have I missed something? BTW... I should be more...

From P&L 2007 Thread: <i>"Lost $255 today. Up nicely this morning and then started fighting the trend."</i> Same Guy: <i>'Did you get hurt bad short I sure hope you lost big money gloating like a bitch.'</i> Bit sensitive there, aren't ya? BTW... who got hurt shorting the blatant upward...

<i>"so your spamming your book here? do you have permission from Baron to do that?"</i> Were you one of the 9% boys who had/have ADHD gone untreated?