Good luck with that attitude. I'm just thinking how much return on his time would make writing the book worthwhile. I can't see money being the motivation if DS trading is going as well as I assume; for money to be the motivation he would require ...

Stating The Obvious and The Quest For Wisdom

I wonder how much the books going to cost?

Stating The Obvious and The Quest For Wisdom

I was thinking about SunTraders sig earlier on today... "Don't trade the news, trade the reaction". How can one trade a reaction? Isn't the point in trading to correctly anticipate and trade before the reaction?

Stating The Obvious and The Quest For Wisdom

Nice post, I can't fault a thing you say.

Stating The Obvious and The Quest For Wisdom

Just popping in to spread the brotherly love to this thread... video Let's all just get along!

...only your bottomline should matter to you

Where's the brotherly love I tried to encourage by posting that video?

Stating The Obvious and The Quest For Wisdom

And does this happen in your experience? What kind of places recruit someone with no higher education or specialist skills? I'm genuinely interested, it would be something I'd look in to as well. It would be great to get some (non-retail) trading ...

Trainee Trader job?

What you describe is trying to explain the past - and this is of no use to us. I refuse to believe that fibs have any kind of predictive value, it's almost not even worth disproving there use because I don't see for a second why they would be useful. ...

Stating The Obvious and The Quest For Wisdom

I'm worried, maybe it's the kind of thing only Britons and possibly Aussies would be amused by. No other responses :/

Stating The Obvious and The Quest For Wisdom

That's going to require a quantitative degree from a top 20 University. Nobody is going to employ a guy to be a trader who has no qualifications and no track record, it just doesn't happen now like it (allegedly) used to.

Trainee Trader job?

We all just need to help each other out! video EDIT: That's team spirit!

Stating The Obvious and The Quest For Wisdom

I was simply pointing out that DS isn't professing to have a $5million account. He might have, but we shouldn't assume that he's trading 1% risk per trade. In the past he has risked a lot more because of his high hit-rate, this is all I'm saying. @ ...

Stating The Obvious and The Quest For Wisdom

I'm guessing that that 50K loss is anywhere from 5- 15% of Darkstars account. He's always said that his trades are high probability and therefore allow him to risk a high %. It's very unfortunate his 1st trade on the forum was a loser.

Stating The Obvious and The Quest For Wisdom

I can't vouch for anything, but I'm assuming that Darkstar would/will respond to a comment like this by saying that what he lost is nothing close to a years worth of profit. What I've gathered from DS is that he might take a couple of trades a month ...

Stating The Obvious and The Quest For Wisdom

Here is a composition of trades according to the NY Fed Reserve: Well, if we discount the dealer volume, because this will just be recounted volume from customers we end up with (roughly) 60% Financial and 40% non-financial which is closer to what ...

Stating The Obvious and The Quest For Wisdom

I'd hazard to guess that physical delivery includes money being electronically deposited in a bank account. A high none speculative presence sounds like a good thing to me, how can the market be anywhere close to efficient if the lions share of ...

Stating The Obvious and The Quest For Wisdom

Courtesy of Wiki... "About 70% to 90% of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they ...

Stating The Obvious and The Quest For Wisdom

Just as a discussion point... If I were to ever have enough capital, positive results, and experience to make a go of full time discretionary trading then I would probably try to set up a group of about 3 equally capitalised and experienced people ...

Stating The Obvious and The Quest For Wisdom

Feck that. If I could attribute a loss of $50k to my taking part on a forum then I'd leave forever. I appreciate you sharing your experience here, but I think you're crazy for sticking around if it leads you to making mistakes you wouldn't otherwise ...

Stating The Obvious and The Quest For Wisdom

I think so... Uni is where people go for a degree. EDIT: They also go there to get very very pissed for a few years. Ringing any bells yet?

Stating The Obvious and The Quest For Wisdom