True...
Even if you want to call an FX trade a pair trade it is only a subset of global macro trading... and so is arbitrage only a subset... And who...
Hermit I would do NEITHER of your opening post's options... I would get a junior prop role trading OPM...
Thata only a tiny subset of global macro...
The best thing you can do is learn how to lose... I am not suggesting that daytrading success is impossible, it is just that the losses (and...
The review is now up: http://www.elitetrader.com/bo/index.cfm?action=view&B_ID=129&CatID=6
I have, and have always been, a proponent of the Austrian school of thought...
ROFL, he probably is... The limeys require their foreigners to be doubly gifted just to get a position cleaning the junior traders' johnny......
My answer to the thread title: By reading countless books on trading and traders, staring for countless hours at charts, and visual backtesting...
I am getting more into it as part of my position trading... The book "Inside the House of Money" (Steven Drobny) is an excellent read and is...
Two things I embedded into my psyche this year are: 1) Boredom is good 2) Less is more
You have a great return... You may want to look into how you can achieve the same or better results with considerably lesser effort... I...
Omega To answer your question directly, there is no upper limit to how much you can make as a trader...
Precisely...
I don't look at quotes during the day, and I haven't intentionally pulled up an intraday chart for many months... it's called position trading...
It's about time for all of us to get this timeless book out for a weekend re-read... :D
Jack I understand where you are coming from vis-a-vis wash trades, and it is somewhat akin to the Phantom of the Pits philosophy of exiting if...
It isn't hard to beat the market... What too many people find hard is taking a string of losses, so they bail out of the trading game... If...
You seem to be saying that consistent long run performance cannot be achieved if you drop profit targets... profit targets are a novice approach...
Targets are counterproductive... and so is scaling out (in my view)... Both of the above assuage the psychological need for some kind of...
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