Recent Content by slumdog

  1. Finding Work after Quitting Daytrading

    Yes you are wasting your time if you are under capitalised. In the mean time you got to be patient and be happy with yearly returns in the 0%...
    Post by: slumdog, Jan 16, 2014 in forum: Professional Trading

  2. Every Loss is Permanent

    I walk into a casino and win 1K on roulette. The casino should shut down because that loss is permanent. The casino shareholders should really...
    Post by: slumdog, Jan 14, 2014 in forum: Chit Chat

  3. What is your take on Daniel Kahneman's theory? Happiness is not more than 60-75k/year

    Being rich can feed the ego. Some people will think they are happier. But it is just an illusion created by the ego. In reality your day to day...
    Post by: slumdog, Jan 7, 2014 in forum: Politics

  4. Reasonable yearly profit threshold and expectations

    Speculative trading returns are subject to statistical variance. 0% in a bad year. 50% in an average year. 100%+ in a really good year....
    Post by: slumdog, Dec 26, 2013 in forum: Professional Trading

  5. greenspan says stocks not in a bubble, hmmm

    Last stock bubble, nasdaq went up 1000% in around 5 years. What we are seeing now is not a bubble in that sense. Now we could still correct...
    Post by: slumdog, Nov 28, 2013 in forum: Economics

  6. Should I stop day trading?

    If the market is not in the mood to give the trader big winning trades there is little the trader can do, except wait for the market to change....
    Post by: slumdog, Nov 27, 2013 in forum: Trading

  7. 10K in the hole

    I have to use my reserves.
    Post by: slumdog, Nov 9, 2013 in forum: Journals

  8. 10K in the hole

    Currently down another 1K GBP since i started this thread two months ago. So have about £29300 GBP at moment. Have reduced my trading to only...
    Post by: slumdog, Nov 9, 2013 in forum: Journals

  9. What if I tell you day trading is a losers game - James Altucher

    Probably 99% of people who attempt day trading give up within 5 years. He is just another statistic. He did well to last 4 years. Most people...
    Post by: slumdog, Nov 6, 2013 in forum: Trading

  10. Will we ever visit 09 S&P 500 lows again?

    Few thought the markets in 2007 would ever again go lower than the 2002/2003 lows. S&P was over 1500 and 750 looked miles away. S&P falling...
    Post by: slumdog, Nov 5, 2013 in forum: Trading

  11. The Unmentioned Risk of Trading Too Small

    How many losers in a row is not the same as your worst case drawdown. Your worst drawdown is probably double the longest expected losing...
    Post by: slumdog, Nov 5, 2013 in forum: Risk Management

  12. Mark Spitznagel Warns Today's "Distorted" Market Is "Set Up For A Major Crash"

    Global stock markets are worth like $75 trillion. And the global bond market is two or three times bigger. The central banks cant keep $250...
    Post by: slumdog, Nov 4, 2013 in forum: Wall St. News

  13. Mark Spitznagel Warns Today's "Distorted" Market Is "Set Up For A Major Crash"

    Market will correct >20% at some point. Nobody knows when.. i reckon sometime next year, but it could defy gravity for a bit longer than that.
    Post by: slumdog, Nov 4, 2013 in forum: Wall St. News

  14. 2012: The Battle for Survival

    It does assume you can find a good counter trend method in the first place. Having both a trend and counter trend method can provide a better...
    Post by: slumdog, Nov 3, 2013 in forum: Journals

  15. 2012: The Battle for Survival

    Wise words. I think counter trend trading can be OK as as long as you always use a tight stop loss and avoid trading high volatility markets....
    Post by: slumdog, Nov 3, 2013 in forum: Journals