Perhaps this could be helpful: video

Trading for a living

Why am I not surprised? Your response is exactly as I expected, based on how you have stubbornly held on to every view, opinion, and belief of yours so far. To me you are proving me right in what I said in the post you quote. I'll add to it: You ...

Trading for a living

I thought I'd say a few words of a more personal nature as a background to, and continuation of, my post last night. You came to trading for imaginary reasons - you believed strongly that it would relieve you from the suffering over aspects of you ...

Trading for a living

Excellent excerpt from priceless interview. Thank you.

Trading for a living

Much of the discussion here has been about the markets and trading, but it's really about your life situation. Now that we've arrived at some realism on the challenges and opportunities of trading, I feel it's time to look at the real issues behind ...

Trading for a living

Thanks, I have no beliefs or opinions about you personally, as I don't know you at all. I've simply protested when you've made claims that are untruthful or claimed knowledge that you don't have - all in the interest of the thread participants. So ...

Trading for a living

Sure, we may all have opinions and express them as we like whether right or wrong. But it's something completely different when it is presented as evidence-based and "inferred". Claiming to have knowledge that you don't is different from expressing ...

Trading for a living

No, that's not what he's saying, but something completely different: "The point I'm inferring and making is that it doesn't matter how clever a person is, how many degrees in this that and the other they might have - when it comes to trading, ...

Trading for a living

Yes, you were, because you were making sweeping generalisations. Again, you have no clue what you are talking about. What you don't know, in particular, is the collaborative work between academic institutions and investment firms that never reaches ...

Trading for a living

Now you are really confusing things - people who think they can trade with finance professionals. What's the point? Most finance professionals don't have trading on their job description, and so wouldn't claim to know how to trade. And those who do ...

Trading for a living

Yes, but the problem is that you are dressing personal opinion up as if it's based on evidence. But could you please present some dependable evidence that is actually relevant for the point you are "inferring and making"? I can certainly think of ...

Trading for a living

Tom Hougaard's teachings about trading psychology are really valuable, and I really enjoyed listening to his Best Loser Wins as an audiobook. At the same time he is a good example of how challenging trading can be. He trades big size, and has made ...

Trading for a living

I am glad, for your sake, that you are starting to realise how challenging "trading for a living" actually is.

Trading for a living

I completely disagree, Managing a fund or a trading desk are completely different skill sets from what is required for day/swing trading. So the comparison is pointless. And I recall a personal acquaintance and manager of an fx desk who readily ...

Trading for a living

"Should" is the wrong word here. It depends on your modelling needs, and a lot of people use time series data for that reason. As do most of the standard models. At the same time, one gets a more accurate view of the multi-fractality by using a more ...

Trading for a living

Sure, but that's no consolation for struggling retail traders, is it? And nothing taken personally. I don't mind the slightest people disagreeing with me

Trading for a living

It may be a moot point, but the first person to introduce the term was Joseph Fourier in his analytical theory of heat. See, for example, url Actually, we do have a very good toolbox in multi-fractal modelling as originated by Benoit Mandelbrot. ...

Trading for a living

Agreed. There's plenty of evidence in support of this. Specifically, multi-fractal market theory is a fundamental departure from the Efficient Market Hypothesis, and can even be used to measure the efficiency of a market. Research shows that the ...

Trading for a living

Personally I find this kind of debate pointless and uninteresting. It reminds me of the parable, of Indian origin, called the "The Blind Men and the Elephant". It can be summarised like this: Several blind men each touch a different part of an ...

Trading for a living

But it's patently untrue. Clearly, the poster has no clue what he is taking about. LTCM is the most obvious counter-example, but there are many. I would guess that Thtpro has never been employed in the finance department of a university located ...

Trading for a living