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Let's try this approach. Two guys go to Vegas back in the 1970's and play blackjack. One guy knows basic strategy cold and is implementing the hi/low method as detailed by Thorp in his book "Beat the Dealer". The second guy is an emotional wreck like you described. Gets completely emotional...

No. So here's the truth and I've seen this time and time again. Trader 3 IS ET. These guys can do very well and ironically can go long stretches where they do very well. I liken them to option premium sellers since in many cases they are one and the same. The guys that avg down can actually...

No such thing as negative edge. If there was such a thing, those that had it could simply reverse it and make billions.

You are way overthinking this. There is no such thing as an opposite edge. LOL. If there were, like you said, it would simply be an edge. A trader either has an edge or they don't. If they don't, their expected return is random. They are equally like to make money then not. Emotions have...

Wrong. His odds of success would be 50% despite how many losing years he had prior. Vegas would love to have you come for a visit. LOL.

The definition of a bad trader is not one who loses all the time, it's one who is inconsistent. It's actually just as hard to consistently lose money as it is to make money although I'm sure many of you will not believe that based on your own trading, but it's true. A bad trader is simply one...

The data says otherwise. It is what it is. Sure enough, rates went higher and so did stock prices. That's what I love about data analysis. It's usually right when done correctly.

She is right. There is plenty of empirical evidence that shows that early in the "rate cycle" IS bullish for stocks. Not early in a bull market, but the rate cycle itself. The reason for this is because when rates start moving higher they are doing so because of inflationary pressures which...

Wow..interesting.

Good article about the current state of the Natural Gas Market. By John Kemp LONDON, Nov 15 (Reuters) - Hedge funds have tempered their earlier bullishness towards U.S. natural gas and heating oil as unusually warm weather has persisted nearer to the heart of the winter heating season. Hedge...

You need to custom write it.

CFTC reported the largest increase in net short specs in 10 years for WTI. Let the games continue...

The action in oil will get messier as we head into the OPEC meeting.

From Nov 3rd....

Curves are flattening quite a bit today. Looks to be a solid bid here at least for now in WTI.

The last 5 years the VIX has been near zero and the market has been led by easy money Fed action in a zero interest rate world. Once we raise the forward discount rate to re-price risk assets it won't be so easy. And yes, a large amount of this business is driven by luck. Start picking up...

No, that is NOT the purpose of getting an education. We have a population in this country that is dumb as a bag of bricks. You need an education to be a good citizen. So you can vote. So you can raise a family. So you can make intelligent life decisions. Trading is just a function of that...

Couldn't be more wrong. Do you understand math? Statistics? Economics? Can you program in Python? How about R? Do you know any VBA for Excel? Do you understand econometrics? These are all vital skills to trading. Not clicking a stupid mouse button. If you are not learning anything in...

Do NOT quit school. Period. End of story. You will thank me in your mid 30's.