Interesting. So what you’re saying is that if you know how to make money doing one thing, there is no reason to do anything else. Do you think Jack Welch needed the money when he wrote "Strait from the Gut?" How about Bill Gross when he wrote "Bill ...

Once you can trade profitably are you rich?

This is infinitly more important then whether you trade profitably or not. I know a guy that makes $250k a year. He has a big house and all the latest toys, yet can't afford gas for his car. Another guy I know turned $30K a year into millions by ...

Once you can trade profitably are you rich?

It happens to everyone who trades during periods of high vol. The last 2 years or so have seen an unprecedented economic collapse and subsequent rebound. The trends in both directions have been massive, so just about anyone with a pulse and a ...

I've hit a wall

You sir, have some cast iron balls. Tight work.

Smexy Trades

Looks like that day made lots of people happy. OUCH! Hey man, NFP is always a gamble. Had it gone south I bet you would have been patting yourself on the back for getting out when you did. Quite true, but that just makes the times when we land a ...

Smexy Trades

Perfect execution brother! Thats a hella nice trade! You still holding?

Smexy Trades

Heres a nice one from back on June 2. 9 pips from the bottom of that pullback. Missed the absolute top by ~60 pips but not a bad days work.... image

Smexy Trades

Heres the trade that gave me the idea to start the thread. I have a few others, but I don't want to monopolize the thread... image 2 pips from the bottom on the first trade, 11 on the second. Yeah, in hindsight I should have held a bit longer, but ...

Smexy Trades

At the time of your post the discussion was on how scotty was trading ahead of large orders he sees on the futures depth. I took your point being that he should be placing orders in front of those big orders or front running them (in support of ...

(binned per thread starter's request) Behind Price-Orderflow

I'd like to try and clarify a few things... First off, what Scotty is doing is one way to trade orderflow, but it isn't THE way. The truth is, there is no ONE way to trade orderflow. As I've said before, orderflow trading is a mindset. The common ...

(binned per thread starter's request) Behind Price-Orderflow

Thanks for the well reasoned argument. It’s debatable that Spain is comparable to Greece, but let’s just put that off to the side... I can't dispute the fact that CDS spreads are widening on pretty much everything, but I'm not convinced that it's ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

It's a valid economic concern, but even in the worst case its a non-event for the US stock market. Spain needs all of ~60b euros in refinancing through the end of the year. The ECB has already put together a near 1 trillion euro fund for sovereigns ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

I think your call is crap, but on it's own I probably wouldn't have even responded. The market will teach that lesson in due time. What sets me off is conspiracy theories. If you have read any of my posts you know I ferociously attack all of them. ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Actually its quite easy to know it isn't going to happen. In the grand scheme of things tech analysis doesn't mean dick. Huge moves like he is predicting require macro factors to support them. In effect what he is saying is that by late august, the ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Your an idiot. Your H&S pattern isn't complete and there is no plausible reason to expect to it be. What’s worse, you posted this crap on a day when the dow/s&p have broken their multi-week ranges to the upside. If I didn't know better I would think ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Asside from the day to day admin and occasional customer story, I'm guessing running a fund is little different from trading your own account. I'd be interested in the tasks and complications you had to go through to get the fund off the ground. ...

Travails of a Money/Fund Manager

How much capital are you offering up for a prospect to trade with?

Hiring Traders

Note to self: If your going to be a smartass, make sure you check your facts.

On the topic of BS in trading forums...

Great post/thread hanover. Much wisdom in those words.

On the topic of BS in trading forums...