Interesting, considering most trades now occur electronically, and there is no social interaction at all. Not to mention, j-com guy is the most...
"If you knew no fear, what would you do?"
I saw this on a packet of sugar at TGI Fridays. And yes, I did put it in my pocket. =)
Never over-leverage your account. Otherwise any drawdown will have you trading emotions. Best advice I can give.
~Playing with my money is...
The Business is also great.
The day when greed and fear no longer exist, is the day when my method stops working.
Which is exactly why I went to scalping. Tighter stops, no overnight exposure. No more wild swings in my equity. Btw, it took me 6 years to become...
I don't care for options due to the large spreads. Most options have .05 spreads, whereas the underlying generally has a .01 spread.
I agree. Although he made 20 million on the institutional error, he has been able to compound those gains into 150 million. There is skill...
It seems like we trade exactly the same way.
I reflect on the day as a whole. If I take large hits, I go back to those trades to see what I could have done differently. This is where...
The most I have done is 240 sides, 120 RT. Normally I average half that.
I also like the part when Livermore/LefÃ¨vre talk about when he is asked how to make easy money in the market. Its like asking a...
Can someone please remove this thread from the server? It's a waste of space.
If you are serious about trading currencies, my advice is to trade currency futures -- stay away from all of the bucket shops out there.
If there is a bubble they blame it on specs, if it is crashing they blame it on specs. You can never win.
"It's all about bucks kid, the rest is conversation."
"It's not a question of enough. It's a zero sum game, sport. Somebody wins and...
FYI, Amaranth had an excellent sharpe ratio.....till they blew up
Any trader/manager who can last in this business is going to manage risk....
Don't forget about the famous O'Hare spread...lol
Long-term trading will always be more profitable -- it is for me anyways. Typically, I hold positions anywhere from one day to three months.
Separate names with a comma.