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There is a difference here between real edges (arbitrage, order flow, speed) and things people call edges like technical indicators. Technical indicators are not edges and therefore they are not going to go away because people start using them. At most what will happen is the variability will...

In a perfect world, we would all get to sit down when we are young and get a video of our life to come and see all the things we did and didn't do, the mistakes we made, things to watch out for and then we could take that information and perfectly plan the alternative to that life where...

I don't know all the details but here is the site: http://www.northcoastam.com/investors.html#performance I think they are officially endorsed by O'Neill. They are using his trademark. I've attached their fund fact sheet. As you can see they have killed the S&P but most of that...

The general theory is, what you want to know is not how many people are unemployed, but rather how many are unemployed who actually WANT to be employed. So this is easily measured because people who are out of work and looking for a job in many cases seek and claim unemployment benefits...

Well, there's your problem. You "skimmed" through it. I know the guy's method inside and out. What do you want to know? There is no secret. There are a ton of knockoffs out there trying to sell his work and profit off of it similiar to that of the turtles trading methods. Everything you...

Yes he has to start somewhere and that IS my point. If he IS going to start, don't you think he should start somewhere where the forward market in trader p&l is in contango? I mean, if he is totally green he might as well start today building a foundation of knowledge and experience in...

Look, here is how I look at it. There are still people selling buggy whips. Sure, probably at an antique store, but they are selling them. There was a time early on if you got in early there was so much free money in daytrading. And after the free money was gone, there was easy money. After...

Well, if you have the money, go to school. This will pay either way no matter what you decided to do. Texas A&M, UT, UH all have excellent energy programs. You'll have a job at graduation. You can probably play poker while you are going to school if you are still making money at it.

What is your background? Age, education, work history etc?

Did you read his post? He said he has ZERO trading experience and then added very little money. So there is nothing "new" for him to learn. He is a clean slate. Therefore, since he is NEW and has NO money AND he lives in TX, I would highly suggest he work his way into energy. He'll thank me...

Dude, if you are in TX why on God's green earth are you not getting into energy? I mean seriously? You actually are looking for a firm to flip some stock for a nickel when you could be trading gas, oil or physical? Do you know there are guys that are 30 down there pulling in 7 figures? The...

I never said I was bullish and your conclusions make great fades. :)

I don't really like how you are using the word convergence. I like to use that term in relation to two different products moving back towards value. What you are doing is buying the present discount value of a future cash flow, like a savings bond. Instead of getting a coupon for interest you...

Well, yes and no. The front month strip really has no interest rate risk. So if you continue to roll you are fine. Think of the front month as a liquidity parking lot. I mean obviously if you are a bank and you are using the repo rates for financing and repo rates spike up, they are at risk...

Care to make a wager?

It's currently a +6 down from a high of +21.

So natty made it all the way down to the QTR A down around $4. Regarding your question about the monthly level, you want to use all your ACD tools at your disposal. So I'm going to assume that not everyone has read every page on this thread because I have gone over this before but it might be...

Do you have a portfolio margin account? If not, how about options on futures where you get span margin? If none of those options work, there are lots of prop firms that trade options, just not under the old professional customer model. I know a few JBO's still around but they are going to...

BTW, let me add something here. About stocks basing, I have no problem with a stock forming a base, but I want that base to either be along a monthly A up or after it made a monthly A up. In other words, I want the base to be in a position of strength. So it's holding at a high level that...

So I like to key off of strength. I really don't like trading these that have NOT demonstrated strength. My first go to is the 30 day number line. Anything stock that has confirmed is already telling you the price action is favorable. So I always take those failed monthly A downs. If it has...