Check it out — Trading firms put their money on poker experts A new breed of Wall Street recruit gets ahead not through connections or business experience, but through demonstrating a head for numbers, quick thinking and risk-taking – skills ...

Indeed.

With all due respect, perhaps it is you who does not understand uncertainty. And that, someone not understanding the math is not a mutually exclusive concept to you not understanding uncertainty. Just because a premise cannot be proven false, does ...

LMAO, I can think of few ways better for the majority - which are largely ignorant of the behavior of markets and of sound financial management - to channel their anger and frustrations harmlessly than to get angry at a bunch of rich bankers, and ...

Here's what a think healthy signs are: When you realize that it's possible to have a losing trade which is a good trade, and a winning trade which is a bad trade. When you realize that success is not measured through outcomes or through return ...

I found another worthwhile title in my library that I thought I'd share. "The Ruminator - A Collection of Thoughts and Suggestions on Contrary Thinking" by Humphrey Neill. In my view, it's a good book with a lot of good information that can be used ...

Not purely a trading book, but describes the process of tuning into and focusing on the moment without concern about the past or worry about the future. "Flow: The Psychology of Optimal Experience" by Csikszentmihalyi

Stick with the winners. — The Trading Athlete by Murphy and Hirschhorn. The Trading Tribe by Ed Seykota Winner Take All by Gallacher

Semantics I guess. Maybe. "Upside risk" (benefit) and "downside risk" (cost) don't mean the same thing. I'm very careful about how I define risk. Anyway, a lot of this stuff I took away from Justin Mamis's book, "The Nature of Risk". He makes a lot ...

I mean entirely subjective, like intuition, yes. You know the Clever Hans phenomenon? Clever Hans was a horse a long time ago and everyone thought he was some sort of a mathematical genius. You see he had one trainer, and the trainer would pose to ...

Don't go to back to demo. Demo is for losers. The purpose of demo is to get familiar with how to enter trades, etc. But that's it. Losing is a part of the game. You have to have trust in your own knowledge and your own abilities. Ego is a problem ...

Who's definition? To me risk is simply a choice. When one says "take a risk", it's the same exact thing as saying "take a chance". Would you say all chances that one can take in life are negative? Of course not. That's where making an informed ...

Risk has come to have a negative connotation everywhere. Risk is in reality, a choice. In taking a risk, in making a choice, there can be a negative outcome, but there can also be a positive outcome. In the infinite space of possibilities that ...

Pipmutt, I want to add something on the concept of risk control. (When I say risk, I mean a choice, because risk is both a negative and a positive.) Normally when one you mention risk control to a trader, they might think of a stop, but that's ...

Critics of technical analysis attack not what it can do - which is control risk, but what they wish it could do - which is show a direction to trade in. Direction is simply trader's momentary choice Most, not understanding that the market itself ...

Bird Watching in Lion Country sounds like a marketing scam or disinformation. If you want to read a book by a real trader read "Pit Bull" by Marty Schwartz. Just as not every thread in a forum is designed to help you succeed, not every book is ...

Here's an article that appeared in the Wall Street Journal: ********************************************************************************************* MF Global CEO Sees Trouble With CFTC Retail Forex Proposal BOCA RATON, Fla. (Dow Jones)--A push ...

The decision isn't out yet. Hopefully everyone who cares about their account and their own (along with their fellow traders') abilities to trade as they like has made comments to the CFTC. Personally I suspect it will not change, but let's wait and ...

PM'd you on this.

Hm, I got an unsolicited email from a "Mike Keene". I looked him up with the NFA and he's an AP with the Zaner Group. This was in the email: Was currenex the platform you requested? Mike Mike Keene (NFA ID# 0333283) Foreign Exchange, Market ...