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By the way, I mean no disrespect to the more "prudent" traders who are grinding out a living with tight stops and ever-changing algorithms and all that. That's just not what I'm in the markets for, and there's no reason to talk like what I'm doing is so much more risky or stupid than what BSC or...

Lots of investment banks thought they had the trade of extracting wealth from the public "figured out" leading up to the collapse of the housing bubble in 2008. Hire $8 an our employees to convince other $8 workers that they qualify for a $500k mortgage, then bundle the mortgages, bundle the...

Is there any particular time that day you think there should have been a margin call? I don't remember ever being extremely leveraged that day, but yes, in general, as a "retail piker," I do get lots of margin calls. :) I'm not saying fire your mutual fund manager or force him to trade like me...

I was in Europe at the time. It was the night of the presidential election in the U.S. Austria had had a presidential election that year with a candidate similar to Trump, named Hofer. The similarity was that the mass media were trying to convince everyone that the candidate was stupid and...

This is obviously just an aside, but even though I'm not rich, I don't have much use for money. I mentioned before that I've withdrawn $58,000 recently, and all I have done with it is a couple of thousand in charitable donations and bought a watch for myself, and not a $5000 watch either. The...

Thank you for the advice. Even though it was never my intention to make a few hundred thousand and run, I have actually considered it, since it's sort of like having won the lottery, granted a very small lottery. :) That said, it's not like I'm unaware of the fact that professionals don't trade...

Steven W, Congratulations on what you have done! The reason I'm posting this is that I have had almost the same results as you (just multiplied by a factor of 2). Here's my daily total NAV for the time since the US presidential election, which is when I started doing this: 2016-Nov-08...