Recent content by normbeef

After trading / investing for a number of years I do believe that some people just have outrageous luck. I know a guy who got a tip from some other guy and made millions from it, no skill, just luck (that his mate was telling the truth)... I will give him his due, he put about 40 grand down...

I happen to know a few IB traders and they arent all they are made out to be.. just like in all industries there are the superstars and there are the rest (i.e the majority). If you borrow some of the wisdom from Telab, the media depicts the wrong messages about the very top of most...

yeah controlled risk, but with any trade unlike a gamble you dont know the multiples before you put your money on the table. i.e. I might make 10 times my bet if the market goes my way by a lot, but in gambling I would need odds of exactly 10-1 for this to happen. Given that I would need to...

spot on, like you say the "edge" is just another word for "preparation" "hard work" "experience" or "inside information" ;-] nice if you can get it...

Re: Peel my onion ! Funny, the years tick by and the message is always the same.. Trading is without doubt a "blend" of psychology and skills. Starting out for most people is without doubt better if the psychology part is in place to start with. All that is required is rock solid...

Sounds like you have a RISK based choice.. (High Risk) if you went for the Prop job you are statistically likel;y to fail (but you might not) (Low Risk) if you go consulting you could build a lucrative contracting career which could pay a very good salary and possibly fund a good trading...

Re: How is div amount/yield is calculated for indexes ?

Dont forget that the Emini's are also 24hr contracts.. Thus other factors affect the price..

No... but i worked with a few over the years.. and they tell me that there are "special ways" of getting mortgages etc.. as Muslims are not allowed to profit from investments nor pay interest I spose is not too difficult trading if your a Muslim and you arent making any money !!

Andy your going to the poor house using 10% risk on a single trade.. your system seems non existent... do you even have a trading plan ??? It is not important how much money you have in your account, you seem to want to risk more because your capital is small... its a classic way to blow all...

Yep it was quite a year... as always the market suprises. My big risk tip for the year didnt move SPMG... but I am still holding as I think its going to happen soon.. The others were ok .. VOD DTY.. OILB ETF Looking back I was quite defensive a the begining or 2009... this year I am...

I aint read that many words since school... you clearly have a lot of time on your hands mate...

I dont care why the market moves, as long as it moves... sometimes it seems obvious, sometimes not... makes no difference... !!! you would have need a wild imagination to concieve a non repeatable pattern in any market.. given the parameters to work with (i.e price moves up or down and...

If you compare the pathetic sentences given to these animals (cant think of a worse word)... To the ones given to the train robbers or to Myra Hindley and Ian Bradey... the Justice system stinks... how can they EVER be allowed to walk the streets again.. Lock em up and throw away the...

Id love to recieve the blowhard prize... where can I collect it please... sounds like fun ... Bloody septic tanks... and their destruction of the Queens English... lol