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RSI = 100 * UpAvg / (UpAvg + DnAvg) Where UpAvg is the average positive change over the period and where DnAvg is the average negative change over the period. So if you have RSI(5), and your closes are: 10,11,13,12,11.50 UpAvg = ([-10+11] + [-11+13])/5 DnAvg = ([13-12] +...

People who make less than 25k (I'm unsure of the exact divider) already don't pay income taxes. What defines poor?

The interrupt in the oil supply from such an operation would bring *everything* grinding to a halt. Decapitating the OPEC leadership creates a power vacuum, ensuring an ensuing power struggle with the other actors in each of the regions. You will essentially be turning every country into...

China has too much to gain from flouting intellectual property rights at the moment. They're not going to sit at the table until either: 1) They become sophisticated enough that they have enough of their own IP that they want to protect. 2) The US decides that it will stop trading with the...

I use the Turtles' concept of N for position sizing and risk and combine it with Van Tharp's ideas on expectancy. I think the proper application of these two ideas are more important than any individual entry or exit technique.

You could be right; I'm not saying that we or Israel will definitely attack Iran, I'm just saying it's a possibility to watch out for. All part of the game of being a trader, right? Everything is an uncertainty; it's all about weighing the possibilities.

I got a 67, "high mach". I think the main reason it's not higher is because I think people will only cheat and steal when they can't otherwise succeed, rather than what the quiz says (that they will cheat and steal at every opportunity.)

Stratfor (http://www.stratfor.com/analysis/20091228_agenda_george_friedman) is suggesting that Israel/the US is probably going to attack Iran, given that effective sanctions will not work and that the US is not comfortable with a nuclear Iran. That's the big story I'd be looking at. Iraq...

These charts tell me that the next three years are going to be really nice for buying real estate.

What's your time frame? If you're planning to hold this trade for 6 months+, then this pullback is nothing. If you want to be out within the next 2-3 weeks, then maybe you need to eat your loss.

I can't stand Kudlow. He's also incidentally *always* bullish. I have never seen him bearish on anything but the dollar. I prefer Bloomberg - the CNBC people try to smokescreen with their opinions too much. I just want the news, not the damn reporter's interpretation of it.

We're at the top of the pyramid here in the US/Canada/first world. We're going to be the last ones to feel it, if at all. Worse-come-to-worst, we'll go somewhere poor/militarily weak and steal their food. That's how it always works. Even if 2010 becomes the year of the food crisis, it'll...

China's idea of justice is more harsh than the West's, and its single party system allows it to move faster (toward both ruin and propsperity) than a republic system. However, I'd be hesitant (at this time) to say that China is better-run than the West's. China's currently got a problem...

I'm one of the principals in a small equity trading firm in Philly. We're not that big, but we're successful enough that I can call myself a pro. I imagine most of the "pro" equity traders are like us - quiet, small, in our own little corners eking out what we can from the market, while...

Hey there, Has anyone figured out how to properly do pairs-based backtesting in 2000i? I can plot charts, but insofar as doing backtesting I haven't figured out how to simulate execution in the secondary symbol. I've thought about creating a synthetic symbol (the spread) for testing as...

I have an account with Europac and I've basically invested according to Schiff's forecast (though not all with Europac.) I'm up 20% on my portfolio since inception (October 2008.) Europac is a brokerage, not a hedge fund. It's a conduit through which to easily obtain foreign stock. You...

I think a good deal is typically around .50 to .60 on the dollar - that's for a foreclosure or short sale.

As someone who is trying to scoop up a foreclosure as his first home, this is great news (for me. Everyone else is hosed.)

Yeah, 'risk of ruin' will tell you everything you need to know. http://www.mypivots.com/articles/articles.aspx?artnum=22&page=1

I've been at both... it's much cheaper when you don't know wtf you're doing if you go with a prop firm. This is good when you're fresh out of school and have no money to speak of. The only caveat is that you have to abide by their trading style rather than your own, so you can't learn quite as...