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If i am trading in the middle of the night, i am going to be doing it propped up with pillows in bed.

ETFs?

It has nothing to do with money or acct size (with respect to Bob Morse, it doesn't matter if the OP had a million dollars, he still would have difficulties) it is purely a fear of being wrong. It's an ego thing, that you might look like a fool, you might be judged badly, your self esteem will...

how so?

The one thing that hasn't changed for me is that i didn't know anything then, and i don't know much now either.

I can see it going to 86, and then 90...but 170 is beyond my imagination! where are u putting your stop btw?

yes, this is very true. i've seen traders here playing for ticks on the es...i don't think they have done the maths.

Wondering if bid/offer spread should also be included? Anyway, my costs are around the 10% mark, which is explained by my use of SB firms to make the returns tax free. However i'm thinking i might be better off paying the tax and having lower costs.

This sounds like a boyhood dare to the market....i don't think the market cares tbh.

so buy now, don't pay later!!!

monetary policy drives all asset classes. despite all the fed sayings of raising rates, the odds are that interest rates will be lowered in the US.

I've heard rumours that this trade was motivated by watching the film 'Trading Places'. Is this true?

record highs this year in SP500...just a matter of when.

i think at the time WP was about to go bust but he threw 40% of his fund into it and it paid off big.

i mean, as with life, now and then, when you have the conviction, you have to make a big bet. If you don't you will never get anywhere. Most of Buffet's wealth comes from doing this (e.g. 40% bet on washington post etc).

This PDT rule sounds like utter madness. Does it only apply for Yanks?

1) Buffett aims to beat the S&P500, not the mid cap S&P 400 or the nasdaq 100 or the nikkei or the ftse100. 2) The golden rule of investing IS to take outsized bets when warranted. Probably the only way to beat the averages.

Haha, yeah he wants to BUY a 1 lot.

Would have thought that survivorship bias is a positive reason to invest in indexes...the weak and crappy companies (the stock market makes its judgement and sends the share price down) are weeded out every quarter to make room for the strong and successful.

Past twenty five years in Japan has been a losing proposition. In fact, there are a number of similar sized periods in US stock market history in the last century where the index has gone nowhere. Imagine some guy at age 40 deciding to stick all his money into an index fund (because stocks...