Yeah, I once was taught that as well. Until I discovered that the value of sacrifices given and taken is entirely relative to time, place, and strategy. There's no easy way to find this out.

The Loneliness of the Long Distance Trader

Clever.

Pro traders who do not use SL, What about Black Swans?

What makes you think your wife loves you and isn't just settling? For all you know she's still waiting on someone to come along and offer her a way out while reassuring her that you deserve the divorce. When the money goes they go. Women, in ...

The Loneliness of the Long Distance Trader

That's a mighty heavy "If" that you used there. I can tell you something secret... Nope.

Success with Martingale & Hedge - Possible?

Unfortunately for you... You're up against men that have already lost or sacrificed those things.

The Loneliness of the Long Distance Trader

And what is the alternative? To make it cost you your precious life? If you must become a trader then every moment spent doing something else is a disservice to yourself. If you were born to trade then stop playing tea party and get to work.

The Loneliness of the Long Distance Trader

Actually, it turns out there is a 3rd and unmentioned path: being a moron and a masochist for long enough.

The Loneliness of the Long Distance Trader

Its an unfortunate thing to be called lazy just because you spent your childhood observing and contemplating before acting while others hid from their pain.

The Loneliness of the Long Distance Trader

He should try quadroopling it.

Success with Martingale & Hedge - Possible?

Young men want more money so they can possess the world. Old men want more time so they can possess life. However, the latter group has had quite a few eons to work out a solution to this problem. And so time is money. An example would be temporal ...

The Loneliness of the Long Distance Trader

Off the top of my head? That a majority of young people don't think much about their past(nor future). Mostly because they have only 2nd hand "experience" of life before they were born and fear their demise. I consider men twice my age to be my ...

The Loneliness of the Long Distance Trader

Having tried to hold together a relationship with someone that didn't even know that 2008 was a recession and blamed our financial problems on me(then stole everything I had) I can confirm that the love of the market trumps any love for specific ...

The Loneliness of the Long Distance Trader

If only you knew how long that trade had been running . Tick-tock.

Pro traders who do not use SL, What about Black Swans?

Successful traders don't trade for money. They trade for something more valuable.

Pro traders who do not use SL, What about Black Swans?

More like they benefit me because they restrict other traders that are still looking for shortcuts. It's not about the money and it never was.

Pro traders who do not use SL, What about Black Swans?

Why have 500-1 when you can have 5000-1 by filling out paperwork? I understand very well how FIFO rules benefit me. What is it that makes you think they are such a problem?

Pro traders who do not use SL, What about Black Swans?

If you know about your finances then why are you worried about someone else closing them? Leverage is a(relatively) interest-free loan to you. Go to the bank and fill out paperwork if you want more. They don't do margin calls on personal loans ...

Pro traders who do not use SL, What about Black Swans?

Are you sure about that? I can see very clearly how both are of benefit to profitable traders. However, I understand your position. All the young bucks want to trade size.

Pro traders who do not use SL, What about Black Swans?

The silly part is that he's missing the mark by a mile. For anyone that really wants to know: Opening two identical trades at the exact same moment(one buy and one sell) of equal sizing is unlikely to generate profit as it's a negative sum game and ...

Pro traders who do not use SL, What about Black Swans?

For all the beauty to be found in simplicity he sure does like to try to make it complicated. Too ''smart" for his own good.

Pro traders who do not use SL, What about Black Swans?