Recent content by Jayford

Almost every "great" trader out there, from Paul Tudor Jones to Tony Saliba, has gone bust at least once during the education process. It takes awhile to get the psychological "mind fuck" understood. (fear of loss screws with almost everyone in one fashion or another, just need to play #'s)...

None! they exist to promote a brokerage or other service. Also, no one cares if you win one, as 9 of your ten accounts in the contest could blow up. The only way to win a contest is to take ridiculous risks. Anyone promoting services claiming to have won a trading contest is basically saying...

Its subjective based on your time frame. I am in the camp where if we are obviously rallying or declining for the past few days, I prefer that direction unless a major price level is near. That said, I change my mind several times throughout the day, often just based on time of day. I am more...

I apologize in advance as I went straight to the end of this thread without reading it, so I will prolly repeat much. ALL "indicators" are lagging by definition as they are derived from price. Volume can be an exception if you call it an indicator. And of course forecasting models such as...

The technology is here, but its expensive, thus the problem. I don't see how health care could lead to a global boom. The sector could boom, but its not going to create wealth and jobs on a massive scale overall. At least I don't see how it could. I wouldn't be surprised to see much of the...

So how long do you think this bailout rally will last Stock? its gonna lose steam pretty quick I bet, then we will get a bounce in January, maybe a big one. That is when we see if this has legs. I doubt it mainly because the global recession is just starting. most nations reporting...

Other than a major regional war, the above is the only thing I can foresee creating more than anemic global growth over the next decade or so. Huge amounts of debt has to be cleared, so we obviously won't have debt fueled growth for quite some time. I believe a Green Tech revolution could be...

There are pros making consistent money in all markets. BTW, futures is a zero sum game. Unlike equities, there is a winner for every loser. That is how the contracts work. Does not matter which direction the markets move. If 90% lose, the 10% that do not are earning all that money, minus a...

He has always been a commodities trader. I don't know if he was ever an equities trader. I am the same. I never trade stocks, plenty of futures out there to keep me busy.

I am going by experience, not charts back to the depression. In my experience, gold rallies for inflationary expectations or flight to quality. It is NOT a supply and demand issue except when a central bank starts dumping. That is always short lived however. Perfect case in point was the...

My canary in the coal mine is Britain. They will default before the US does. If the UK defaults, short term $ will rally, but longer term its a really bad omen. That's when I move out of dollars in a major way.

I can't believe not one of you guys have brought up the other argument. Gold does NOT like deflation. We are in a deflationary environment at the moment, although I seriously believe that will do a 180 once the global economy stabilizes, and we keep spending like mad anyway. But for the time...

Very good article. This problem has been building for awhile, but they are just now admitting it. China has some serious troubles, which most here on ET will refuse to acknowledge (ETers seem to think China is going to quickly slide into the US role. Will take a long time to happen, if ever)...

Don't kid yourself, the Chinese gov is extremely paranoid about this right now. They have 24 million entering the workforce each year on a net basis, and need rapid growth to employ them. There have already been significant layoffs in the southern industrial region, and small protests there...

Thank God! That guy is the most annoying human on the face of the Earth. Never answers a question if its negative on the left. EVER. Instead just brings up bad crap about the right. Answer the damn question! Got to the point that I couldn't even watch the show.