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emg
 

Registered: Feb 2010
Posts: 5294

 

12-05-11 04:21 PM

Only Gamblers don't need higher education. They will always lose.

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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

12-05-11 04:40 PM


Quote from emg:

here is another interesting site on how imporrtant higher education is:

http://www.peak6.com/leaders/invest...niel-rosenthal/


Mr. Rosenthal is currently building the PEAK6 high-frequency trading business and managing technology for the PEAK6 businesses. Most recently, Mr. Rosenthal was the founder and co-chief executive officer of OptionsHouse. Prior to that, he was the chief technology officer for PEAK6, building its proprietary trading platforms, risk management, and back office from the ground up. Mr. Rosenthal grew the technology group from a staff of one in 1999 to a group of more than 50 people in 2006.

Mr. Rosenthal received a Bachelor of Arts in Mathematics from Hamilton College.



You don't need education , you need experience and skill , you also need balls which you haven't got and you are looking for other mind pleasing excuses for your failure eg education.

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MarkBrown
 

Registered: Dec 2001
Posts: 989

 

12-05-11 04:54 PM


Quote from oilfxpro:

You don't need education , you need experience and skill , you also need balls which you haven't got and you are looking for other mind pleasing excuses for your failure eg education.



EXPERIENCE

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SimpleTrades
 

Registered: Feb 2011
Posts: 1252

 

12-05-11 05:01 PM


Quote from MarkBrown:

EXPERIENCE



This is sufficient, if an only if you posess the capacity to actually learn from your experience and posess the balls to act on it.

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emg
 

Registered: Feb 2010
Posts: 5294

 

12-05-11 05:07 PM

Here is an interesting old article and still relate today:

http://articles.latimes.com/1986-10...ulsive-gambling

He claims that 1% of the traders in the commodity futures pits in Chicago have acknowledged that they are compulsive gamblers, but he added that there are probably a lot more who are not ready to admit it.



Gamblers will always lose. Those who achieve higher education have the shot to become a successful trader. IF MIT BlackJack team makes a millions beating the house, so can u.

More than 90% of small traders lose. They just lose!

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emg
 

Registered: Feb 2010
Posts: 5294

 

12-05-11 08:37 PM

Here is another interesting article:

http://articles.chicagotribune.com/...-connor-trading


Among all of the firms founded by the O'Connor brothers, O'Connor & Associates is the most revered. Notoriously secretive, it pioneered the use of mathematical models to guide trading decisions.



Higher Education!

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