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Yes, clearly the 05/02 drop came from a bull market. Yet in % terms, it doesn't even come in the worst 100 days on the Dow since 1900.

Last time I checked 16 of the 20 biggest 1-day drops in the Dow occurred while the market was bearish. The danger of a sudden drop from a bull market is over-stated.

I don't set a target price on long-term trend-following trades, the idea is they should run. In fact I try to pyramid every one which becomes a winner. But if (occasionally only) tempted to take a shorter term entry, yes I would set a target, I'm thinking of r:r 1:1. But the real money's in the...

Admit it, you had to look up inferring.

That's not something you are inferring, its something you are saying.

I'm sorry to read this. Its now obvious that "pompous" wasn't a strong enough word. Goodbye.

There have been 74 one day falls in the Dow over 5% since 1900, and 66 one day rises over 5% in the same period. I'm surprised the numbers are so close to each other.

I think that proves my point, not yours.

PS. Don't you think that using words like "asinine" on this forum makes you sound pompous?

I absolutely love this.

Your broker could be moving spreads against you so they can balance their overall risk exposure. They are effectively bound to do this, its not personal to you. But this does indicate you are trading on a very short time-scale. If you trade long-term and get into a trend with a stop that takes...

And there you've just stated the problem. Since every one of us will value their working or potential working time for an employer differently, its impossible to be categoric about what an hour or a day is worth. So each one of us makes our own judgement about what a day's work is worth in...

OK, you win, day-trading takes more time than being an investor.

I would not recommend day-trading to anyone, its a mug's game.

I don't understand what you're trying to tell me or why. In financial terms, ROI on time spent day-trading is only relevant if you have some other way of earning capital during the same time.

So day-trading is not gambling. Though some day-traders are gamblers. Fine by me.

I'm just calculating capital from a number of trades, against capital from investing. The time it takes to determine, run and exit each trade is excluded but of course this differs between day-trading and long-term trading. Still, whether its 1 trade/day as I suggested or 10 trades per day, the...

Sure its technically gambling, because money is invested with the object of profit in an enterprise with an uncertain outcome. But do you consider all forms of gambling the same? - say, poker as opposed to the lottery?

Sorry, I don't get it.

But Murray's a Vendor, so I wouldn't expect to be reading his secrets free of charge here any time soon.