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My usual reminder for CL: you must deploy a reliable methodology for the days play. Very recently, the oil market is having less gyrations with Friday (Jan 30 2009) too in a slightly narrower range at 143 points. Nevertheless you carry on exploiting the days gyrations; that is buying the...

I support your viewpoint. There is a huge amount of garbage but on the other hand if you have meddlesome moderators acting as police and censors chucking a lot of stuff out they just as likely will chuck out good stuff when they don't like the contributor or when it is only their prejudice...

This sentiment does give the true arena of human endeavour and it is usually not understood. Business builders are those who can move with pace over good ground and those who liberated by setbacks exploit them to make their first and other moves upwards. I rose rapidly to become CEO on...

It is so sweet that you missed entirely the point of what I posted, namely that there are doomsayers all the time They mostly supply no useful accurracy of timing as to when exactly their predictions will happen in the usually unlikely event their predictions ever become fact. As to the New...

The thing about Michael Lewis is that if you cry 'Wolf' long enough then sooner or later you are going to be right. Those that proclaim forthcoming mishap speak of what they want to see happen, no more than that. It is no guide at all to all the tomorrows you live through and which make up...

I like this answer because it is reductionist. Successfully trading to make your fortune may be described in reductionist mode too. Where is the money? In the markets gyrations, the swings up and down (eg ES,YM, CL). You buy the upmoves and sell the downmoves sequentially. You are tapping...

Intelligent ET members would have already postulated that if he paid redemptions from new investment, then at any one time there may have been left only marginal amounts actually invested. He may also have done no more than take out salary and other running costs so that it is possible there was...

ET is not a religious site or forum. You are wasting your time confusing your bland spiritual meanderings with the purpose of trading success. The purpose of ET is to promote successful trading. :)

This thread already shows why most cannot turn trading into success; success is becoming wealthy, becoming rich. A successful trader might simply be some or those that are stumbling along 'trading for living', so called. Change the wording to the characteristics of achieving success in...

Scaling out and scaling in is necessary those times when you are turning around your postion at a gyration top area or a gyration bottom area when pace and/or liquidity-at-price is insufficient for your position size. However 'averaging down' is bad arithmetic as a buying tactic. If you do...

I have posted before, elsewhere on ET, on supporting an auto (Big 3) bailout. However bankruptcy was needed as a pre-condition. On-going workers pension fund costs per car will keep all 3 crippled. This needed to be cleared away so that pension costs start anew at rate that is less than or the...

This is true PROVIDING of course that you have a reliable and accurate methodology. However I prefer 'signals' over the description 'rules', namely you buy or sell on a specific signal (or specific signals) in your system subject to any conditions you require. You hold 'long' or 'short' on a...

I am supportive of a bail out of the auto industry. However the format needed is not a continuation as is mainly being considered. The Detroit Big 3 should go into bankruptcy with an offer from government beforehand to provide liquidity loans to all 3, post-bankruptcy. There is a lot of...

Does anyone else at ET know basic international economics? The obvious point is being missed. A weak British pound helps exports by Brtain, makes imports more expensive coming into Britain and brings more tourism into Britain on the back of a cheap currency. This is what you would want for...

Just go for the large ups and downs intraday that make the Dow(YM) so excellent for trading over recent months. My usual reminder: you must deploy a reliable methodology for the days play. It was a slower session today but the range (YM Monday Dec 1 2008) was 496. You just exploit the days...

No, its the large ups and downs that make the Dow(YM) so excellent for trading over recent months. My usual reminder: you must deploy a reliable methodology for the days play. It was a slower session today but the range (Monday Dec 1 2008) was 496. You just exploit the days gyrations; that is...

You are so right. Studying market behavior for long periods (screentime) and intense trading are concentrated cerebral activites. I bluntly refer to sugar intake, sweet drinks or confectionery, as a 'sugar hit'. I even use the phrase, as does another member of my family, as 'I need a sugar hit'. :)

Contrary to the thread title, this is how it works. Many savvy players are, without fanfare, building future riches on the huge opportunities currently abounding. Some, already extremely rich, become even richer out of the many and gigantic opportunities that have arisen from all the asset...

The point , invariably missed, is that the marginal cost, the cost of running existing wells, is very low. The cost of all the exploring, testing, drilling and bringing oil on stream, the inclusive cost, is what makes the full unit cost of oil somewhat higher. Therefore existing producers could...

I note one error in my previous post on this thread. The last downmove (15.47-15.59 Fri Nov 14) was not 162 but 252 points down. I count the difference on Thursday (Nov 13) as 662 points up on YM, 8202-8864, 14.06-15.59. This was 6 upmoves separated by 5 reversals (downmoves). If however you...