Right... Now imagine the 1000's of dollars you could make trading other financial instruments while you wait for months for an hypothetical breakout on the CL. That's the opportunity cost I was talking about earlier. CL inventory numbers you said? Big deal, they are all here (see below), only a fool would trade a financial instrument without at least knowing the financial reports that could move that market. It usually takes 5 seconds to find that type of info on Google, for ANY financial product you care to trade: https://www.cmegroup.com/education/events/economic-releases-calendar.html And also here (you can select the country too, default is USA): https://tradingeconomics.com/united-states/calendar Money wise, the whole idea that a trader must "specialize" in one or two markets to make money is, at best, a losing proposition. For me it's total idiocy, period.
This is for you @ironchef I have dined at the best restaurants in the world!!! And even flown private... Try Taillevent...
A Chateau Latour 1953, Monsieur est un connaisseur a ce que je vois ! (Yes I do speak french too ) Thanks for the tip, I will try that restaurant next time I am in Paris.
My pleasure, Sir... Too bad, @themickey @ironchef have never had ANY clue about this, much, much less about a Romanée Conti!!!
Glad to know there is someone I can look up to and I am not being sarcastic but saying that with genuine respect and admiration. I have only been full time since 2010 so have a lot of catching up to do. You are so right, timing, or luck is so much a part of our successes. The moment I read that I know you are the real deal. Best regards, PS: Thorp and Gross are two of my favorites, both had offices in Fashion Island, Newport Beach and both lived there.
I am so happy to see all the great day traders are finally showing up and be counted. Unfortunately I don't have the skills for day trading so have to make a living trading longer timeframe.
It's great to know what doesn't work, We all have our own circle of competence. There are plenty of way to make / lose money. Just find yours.
Yes, I don't even know what a Chateau is and I have only flown on GIV and GV but never on a G650 or G700.