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Search: Posts Made By: jstnbrg

Forum: Psychology and Money Management

January 1st, 2012, 12:29 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

I was referring to covered calls, which are...

I was referring to covered calls, which are synthetic puts.

Forum: Psychology and Money Management

December 30th, 2011, 04:59 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Playing the game right includes making a big...

Playing the game right includes making a big allowance for fat tails events. On Black Monday 1987, options market makers at the CBOE who were short calls got killed when the premium of those calls...

Forum: Psychology and Money Management

December 8th, 2011, 12:01 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Actions speak louder than words. How many dozens...

Actions speak louder than words. How many dozens of hours have you put into teaching others, strangers, with no financial reward?

Forum: Psychology and Money Management

November 22nd, 2011, 09:04 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

It's useful to be working among a large group of...

It's useful to be working among a large group of people with different types of market knowledge. In the pit there was always someone to give you a heads up about an upcoming number (along with...

Forum: Psychology and Money Management

November 15th, 2011, 11:46 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

It is boring for me. That's my biggest problem.

It is boring for me. That's my biggest problem.

Forum: Psychology and Money Management

November 15th, 2011, 12:02 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Actually, I have not made significant money...

Actually, I have not made significant money trading on the screen (and I haven't traded at all the past 6 months because I'm too busy being a general contractor renovating my summer home, too many...

Forum: Psychology and Money Management

November 14th, 2011, 11:14 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Decision Fatigue

The post as a whole is excellent. One question I have is why having a daily goal will hurt you but having a weekly goal is OK. By the (correct) logic that you have to take what the market gives...

Forum: Psychology and Money Management

November 9th, 2011, 12:19 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

See my post above (#430) about the metric I used....

See my post above (#430) about the metric I used. Regarding why one would use that goal as the reason to cut off trading activity, the reason is discipline. My experience is that when one's...

Forum: Psychology and Money Management

November 9th, 2011, 12:08 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Setting daily goals is a personal thing. For me...

Setting daily goals is a personal thing. For me it was necessary but I knew other hugely successful traders who did not set daily goals. If you're trading totally algorithmically with no discretion...

Forum: Psychology and Money Management

November 4th, 2011, 12:53 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

"Fooled by Randomness" is a good book to read in...

"Fooled by Randomness" is a good book to read in this regard. The thesis of this book is that in any discipline where randomness plays a large role, and where there is a large population of...

Forum: Psychology and Money Management

November 3rd, 2011, 09:55 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

I grant you, 20,000 still sounds like a hell of a...

I grant you, 20,000 still sounds like a hell of a lot of hours. 10 years at a normal job. What did he do for money in the meantime, and even if he were ultimately successful it means he sacrificed...

Forum: Psychology and Money Management

November 3rd, 2011, 09:45 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

You need to read farther in the thread. 200,000...

You need to read farther in the thread. 200,000 was a typo, he corrected it to 20,000.

Forum: Psychology and Money Management

September 8th, 2011, 11:47 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

I didn't think I was being challenged. You...

I didn't think I was being challenged.

You kind of lost me with this Roth strategy. Do you put your own money into a Roth in their name with yourself as beneficiary? It doesn't really matter to...

Forum: Psychology and Money Management

September 8th, 2011, 06:22 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

The advice about pitfalls of success is some of...

The advice about pitfalls of success is some of the best advice I can contribute to this forum, given my lack of programming and mathematical skills and my questionable aptitude for screen based...

Forum: Psychology and Money Management

September 8th, 2011, 01:13 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Your approach is terrific, but you will probably...

Your approach is terrific, but you will probably encounter pitfalls along the way. Forewarned is forearmed. I'm 54 and I've spent my entire adult life in the commodity markets, all but the first...

Forum: Psychology and Money Management

August 21st, 2011, 04:19 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

It looks like I started an interesting...

It looks like I started an interesting discussion. The risk management of most of the survivors was just fine, that's why we were survivors. The example people are talking about, where this guy...

Forum: Psychology and Money Management

August 16th, 2011, 06:08 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

I'm jumping in and I haven't read the recent...

I'm jumping in and I haven't read the recent posts in this thread, so it's possible this has already been said or is not really relevant. I'm replying specifically to the post I quoted, not to the...

Forum: Psychology and Money Management

July 25th, 2011, 06:42 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

If you're not profitable and you're not sure...

If you're not profitable and you're not sure making money consistently is even possible, having someone demonstrate that it is possible means you're not chasing a mythical pot of gold at the end of...

Forum: Psychology and Money Management

May 3rd, 2011, 11:38 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

[QUI have not yet made a living trading on the...

[QUI have not yet made a living trading on the screen but I made more in my best year in the pits than most people make in a lifetime (and I never had a losing year in the 16 years I spent in the...

Forum: Psychology and Money Management

April 23rd, 2011, 10:18 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

The poster makes a good point. Almost all great...

The poster makes a good point. Almost all great pit traders that I knew could be very creative in getting out of bad trades. I was like that. Sometimes I would just take a loss, but often, for...

Forum: Psychology and Money Management

April 21st, 2011, 10:40 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

You are not. I have enjoyed your posts. Thanks.

You are not. I have enjoyed your posts. Thanks.

Forum: Psychology and Money Management

April 18th, 2011, 01:52 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Having an edge may be an insufficient condition...

Having an edge may be an insufficient condition to success trading, but I absolutely agree with Lornz that it is a necessary condition. I don't think it is so easy to find profitable methodologies. ...

Forum: Psychology and Money Management

March 19th, 2011, 01:22 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

I promise I won't marry you. Then we don't have...

I promise I won't marry you. Then we don't have to get divorced. To be honest, I'm sorry I jumped into this discussion. It's a distraction. Only the part about the impact of major life events has...

Forum: Psychology and Money Management

March 16th, 2011, 05:28 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

Me too, or if I don't have a basis for my opinion...

Me too, or if I don't have a basis for my opinion I say so. I think that @traderjo (https://nexusfi.com/member.php?u=644)n's point was pretty obvious, and not the sort of opinion that he had to...

Forum: Psychology and Money Management

March 16th, 2011, 12:46 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,030

Posted By jstnbrg

It was obviously an opinion, so maybe he doesn't...

It was obviously an opinion, so maybe he doesn't have to back it up with facts.

You really don't see a connection between the results of Tiger's infidelity and the collapse of his game? You...

Showing results 1 to 25 of 54

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