what to do when you're screwed

and all the dealers are trying to steal your chips as you swat the hornets away......

there now the horse is really dead

 

don't forget all the scantily clad knockouts cooing in your ear, "over here, baby, <i>this </i>is the table for you!"


they must be dressed like bee-keepers, tho...or be smeared in some nasty-smelling bug repellent.


dead and buried.

 

Unfortunately, traders don't get free drinks.

Though many trade as though they do

--Db

 

GG,
which 'advice' are you going take, I am just dying to know

 

just depends on your commitment, gord. you're either going to see it through or you're not.

 

Jesse Livermore went broke many times over his career.

Four years is nothing.

"we're all just one trade away from humility bud"

 

Maybe this is what you wanted deep down yourself...knowing as much as your father.
You reached your goal, time to move to something else.

Just a possibility,

OHLC

 

Come on man, no need to make fun of GG. "Not everyone can do this?" Get real. Only VERY FEW can. During the raging bull market when GG started and a bunch of others did too, everyone seemed to know it all. Now the reality kicks in. And the reality is, unless you have an intelectual/informational edge or are really lucky, you will not make money trading. To me, trading is like brain surgery. You really have to know what you are doing. And it takes a lot of time, resources, etc to learn. Even then you have to have the right tools to do so. You can't just quit your normal 9-5 job and become a brain surgeon by practicing it. You have to learn first. The other key point is, that no matter how much you guys are gonna laugh now, in most cases, the markets are quite efficient and unless you have the info others don't or are able to process the available info MUCH better than others (including the astrophysics PhDs working for large traders), I don't see why "Johny could trade", borrowing the line from a different thread.

 

Vlad,

Within this context, what does "trading is simple" mean?
I often hear traders say this.

It seems that DISCOVERING a method of trading is a very
tough and long search/process.
But the method itself can be quite simple,
and therefore is very guarded.

thoughts?

peace

axeman

 

Yes, I think your interpretation is right (although I wouldn't go as far as to say that trading is always simple, some arb models employed by large players are VERY complex).
Other than that, I do agree with you, it's complicated to formulate a trading rule that works. Once you do, babysitting it isn't that complex, that's why many choose to automate things.