What do you do?

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Old Nov 29, 2010, 3:07pm   #91
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Re: What do you do?



watch, V funny
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Old Nov 29, 2010, 3:14pm   #92
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Re: What do you do?

Is Paul Daniels related to Jeff Daniels?

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Old Nov 29, 2010, 3:17pm   #93
 
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Re: What do you do?

Jeez - Phil Schofield has grey hair !!!!

When did that happen ?

Has to be said - that's fkin funny - good job it wasn't pork...
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Old Nov 29, 2010, 3:19pm   #94
 
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Re: What do you do?

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Originally Posted by DionysusToast View Post
Yup - despite all the 'traders' that laud the book as if it were real... it is not...

What you have there is Edwin Lefevre's adaptation of Livermores life. As with all works of fiction based on reality, we can expect a fair amount of embellishment to keep things interesting.

It speaks volumes about people who say they are profitable, claim that Livermore is an inspiration yet have such a lack of attention to detail to spot the book is a story.

One can only presume that lack of attention to detail is a desirable attribute in trading.
Despite all the 'traders' that jump the gun, making silly posts that stem from either a complete lack of knowledge or the need to be so pedantic it borders on the asinine, let's clarify that most of us are fully aware it's a story.

We all know Reminiscences was an adaptation of Livermores life. And I am sure there was a good degree of embellishment.

So let's turn to something that Livermore actually penned himself:

"On many occasions I have gone to bed wondering why I had not been able to foresee a certain imminent move, and awakened in the early hours of the ensuing morning with a new idea formulated".

"This sense of knowing when you are wrong even before the market tells you becomes, in time, rather highly developed. It is a sub-conscious tip off. It is a signal from within that is based on knowledge of past experiences"

"...after the market closed, I would become restive. That night I would find sound sleep difficult. Something would jog me into consciousness and I would awaken and begin thinking about the market...something sinister would seem impending. But perhaps I would find everything rosy and my strange feeling apparently un-justified. The market might open higher. It's action could be perfect. It would be right at the peak of it's movement. One could almost laugh at his restless night. But I have learnt to supress such laugher.

"I believe many operators have had similar experiences with that curious inner mind which frequently flashes the danger signal when everything market wise is aglow with hope. It is just one of those peculiar quirks that develops from long study and association with the market.

"The fact remains that on many occassions I have benefited to a high degree by giving atttention to a feeling of great uneasiness"

I'll leave it at that for now or I will be here all day. Those who wish to read more, can find those extracts in "How To Trade in Stocks" by..

Yes, you guessed it ;-)

I believe this post certainy speaks volumes about people who like to have a go at others without doing their due diligence.

Livermore supressed his laughter. I'll supress mine.

Remember: acting before you have the facts is not a desirable attribute in trading.
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Last edited by trader_dante; Nov 29, 2010 at 3:26pm.
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Old Nov 29, 2010, 3:23pm   #95
 
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Re: What do you do?

Tom - which chapter is it that Livermore mentions waking up on the steps of his brokers because he got a 'feeling' one night?

Inquiring minds want to know.
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Old Nov 29, 2010, 3:32pm   #96
 
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Re: What do you do?

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Originally Posted by DionysusToast View Post
Tom - which chapter is it that Livermore mentions waking up on the steps of his brokers because he got a 'feeling' one night?

Inquiring minds want to know.
I don't know but if you take a ouija board to the Sherry-Netherland in NY you can ask him yourself.

I've got some Euro's to sell.
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Old Nov 29, 2010, 3:36pm   #97
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Re: What do you do?

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I've got some Euro's to sell.
vs $ or something else?
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Old Nov 29, 2010, 4:15pm   #98
 
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Re: What do you do?

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vs $ or something else?
Vs the good old USD.

But taking a play in an area like this is tricky...

I'm going to have a quick sleep so I can think about it.
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Old Nov 29, 2010, 5:32pm   #99
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Re: What do you do?

Dont worry dante. You didnt really expect anything different did you. just remember the Lord Flasheart thread on Rogue Traders and how that deteriorated to you and then female rape!!!. Both you and I are the dreaded "vendors". Thankfully we have a few decent ones on here but that's the problem.I dont blame them so many scam experts have totally ruined the levelheaded and sensible approach and people who actually have something good to offer.
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Old Nov 29, 2010, 6:46pm   #100
 
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Re: What do you do?

Yes, Tom, you are like Livermore. Can we stop these threads now?
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Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
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Old Nov 29, 2010, 6:50pm   #101
 
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Re: What do you do?

Wasn't all this in another thread before? Guess the fail is on me :s
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Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!
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Old Nov 29, 2010, 6:55pm   #102
 
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Re: What do you do?

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Dont worry dante. You didnt really expect anything different did you. just remember the Lord Flasheart thread on Rogue Traders and how that deteriorated to you and then female rape!!!.
That was one of my favourite threads!

48 pages.

384 posts.

And only 2 of them were from people that had actually been in my room.

I love this place.
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Last edited by trader_dante; Nov 29, 2010 at 8:42pm.
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Old Nov 29, 2010, 8:28pm   #103
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Re: What do you do?

Yes I agree and so much publicity for you. They say there is no such thing as bad publicity and boy its true. From one live trading room vendor to another....this one is cooked to death... bye
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Old Nov 29, 2010, 9:36pm   #104
 
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Re: What do you do?

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You do realise that "Reminiscences" is a work of fiction, right ?
I feel cheated
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Old Nov 29, 2010, 11:08pm   #105
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Re: What do you do?

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That's not a chip on my shoulder - it's a French Fry you peasant.

You do realise that "Reminiscences" is a work of fiction, right ?
Bonjour, Monsieur Le Toast.

My understanding was that it was based on his experiences and that he penned most of it, with Lefevre acting as editor and tidier-upper. Certainly a lot of it is a thinly-disguised factual account.
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