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If there was a widespread increase in pay across corporations (which is what people want) prices on all goods would simply rise to match because goods are priced at what the market can bare. The only reason raising wages 'works' in isolated instances, is because those instance are isolated...

I wasn't suggesting anyone was 'attacking the American way of life'. I was suggesting that people in the USA are not actually participating in the American way of life when they content themselves to be employees. Costco is just a single corporation.

One huge issue with corporations paying employees more is that prices of goods that employees purchase (also controlled by corporations) will undoubtedly rise to keep pace with the increases in income. The bottom line is your only hope is to start your own business, which is a core pillar stone...

I don't mean to diminish what the CEO did, but it's hard to make heads or tails of this story unless we know all the compensation the CEO might receive (or be voted to receive in the future by the board). CEO's often get fat year end bonuses and, more importantly, stock options.... sometimes in...

I realize no serious system builder would use Think or Swim's 'thinkBack' tool to develop a strategy... but I was playing around with it for fun and discovered the thing is so full of bugs many times it does not even calculate the profit/loss correctly on even a simple stock trade because it's...

One of the biggest issues with purchasing a trading system (aside from reliability of performance) is the user's lack of faith in the system during drawdowns. If you can't see the code and see why the code is doing what it is doing and see exactly why the drawdown is happening... you will bail...

No. You are wrong. In one scenario you are personally risking your own future by borrowing money yourself that you must pay back (e.g. loans, credit). In the other scenario you are risking none of your own money but trading the money of clients and receiving a performance fee.

No. My teacher was wrong. There is a vast difference between earning fat performance fees for running a hedge fund containing OPM... and borrowing money yourself. World of difference. Cannot be compared.

In high school we had a new 'Leadership' class my senior year where they actually tried to teach us useful things like investing and how to balance a checkbook. I tentatively raised my hand and asked if a person could borrow money to invest in stocks. The teacher was stunned. He asked the class...

If you feel that you have decent trading skills you could consider becoming a signal provider at a sight like ZuluTrade. You can make money in fees from subs. If you are not profitable you won't get any subs and you won't make any money, but at least you won't lose any money either. It's like...

Not quite. You can't make blanket statements based on what anonymous strangers on some random internet forum will or will not tell you. The books about the great traders say you are wrong about MM being an 'edge'. Everyone should practice excellent money management. That goes without saying, but...

Money management will not save a craps gambler. All MM can do is postpone the inevitable. I agree with others that MM is not an 'edge'.

If you don't want to risk your own money there is the option of becoming a 'signal provider' some place like ZuluTrade... if you think you can keep your edge from being reversed engineered by your subs.

Ask yourself why the great books about trading that highlight the best traders in the world (e.g. Market Wizards) never interview options traders. Because options traders who have had long term success are as rare as unicorns. Without audited returns to back up his words, the claims of a...

Not true. I have many years of options trading experience so I can say with some authority that trading options is a flawed and inferior way to 'trade'. It's not even trading. It's gambling. No matter how you buy or sell options you cannot escape the fact that you are trying to predict how far...

Buy the latest Market Wizards book on audio. Go for long walks and listen to it over and over and over again. This will provide you with your first lesson in what it takes to be a successful trader. It's harder than you can possibly imagine to be a successful trader in the long run. Be sure you...

Options traders like to imagine what they do is akin to Poker, but it's not. It's more like Craps. Money management won't save you in the long run. You will lose everything, either all at once or in chunks. Options were never designed for speculative investment. The deck is stacked against you...

I'm not sure you are being completely honest with yourself. You are talking about a 'high volatility' environment where price bounces 'predictably' between a high and low range. But if price bolts far beyond your range you can be screwed, as evidenced by Karen the 'supertrader' nearly fleeing to...

No one has any idea how much money Karen the 'supertrader' has made or lost because she refuses to provide audited returns. Her words are just words. She does, however, admit that she was nearly wiped out a few years ago by a big move. Using only fraction of your account is no guarantee that you...

I think they are both dangerous. You might want to read one of the Hedge Fund Market Wizards books to see what the real rock stars of trading do. You can buy them on audiobook now. I am a fan of automated trend following, automated swing trading, and automated momentum trading using either...