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There are mentors in many areas of business who will give you their advice if you pay them. Often, after reflection, you can find that you have not gained very much from many of these offerings. Additionally the world is full of scammers who can't make it themselves but who will try and make...

The question can be answered as to the underlying difference rather than this is better than that. So it is a question of which economic model is used. Each have their consequences. The Germany model leads in more training and thoroughness in the products and services it provides. An example...

The word 'trend' is often meaningless. Why? What is it? Is it the trend since 1929 or merely the trend over the last 29 minutes. Trend it seems is a 'feel good' word endlessly used by many amateurs. I try and avoid any use of the word. I describe market price movement as 'gyrations' because...

Beliefs in markets being unfair through alleged manipulation, conspiracy or whatever hinders rationality. Rationality is an absolutely essential basic in mastering a market; markets are technical. If I take Fridays CL (Oct 1 2010), the session's gyrations produced 6 swings at 39-40 points...

It is curious, but in itself logical, that failure speaks louder at ET than success because it is most or many who are making no progress or insufficient progress. So the issue is not really daytrading at all. It is whether the savvy, patience and dedication are sufficiently there in an...

It is common knowledge that very high intelligence or high intelligence, while it may help, is not a passport to riches. What is required to make yourself rich, in essence, is the personality trait, of strong ambition in one of its various manifestations, together with sufficiently high...

It is a fact that when you get together a large group of very old people with normal good health and then stand up in front of them as the host or compere, none (or few) of them will put up their hands if you ask them if they would like to live to a much greater age. For most it appears that...

Which is it for each one? Does calmer suit ya or kama sutra? And so in life, you will find those forecasting or believing in doom or downfall (of the US or things in general) are usually, inevitably talking about themselves - where they are now and their prospects. They project their...

An interesting point does arise out of this thread. A very recent piece of research demonstrated that poor people are happier than rich people. While this might be seen to suit me to propagate such a theorom, the explanation for the poorer being happier is wholly reasonable. Poorer people do...

'Sitting' is usually known as holding, namely to hold a position. For daytrading the beginning and ending of holding is a function of reversing. You reverse (buy) on the end of downswing and you reverse (sell) on the end of an upswing. The daily session (eg CL) is made up of gyrations, being...

In considering most opportunites many people will be optimistic that they can succeed. No surprise there. But as with most high achievement the problem solving savvy and staying power to suceed will be absent. Again that can be no surprise. That is why so many on the tide of hope get washed up...

There is no harm in this question which may elicit tips for good play from ET members. However the single most important thing by itself is likely to be insufficient in becoming highly successful. Real success requires the dedication, time scale, experience and intense savvy which amateurs...

Debates about the US economy are often partisan and that has to be accepted. The American Dream has died. It is or was not just about the idea that any individual can make it big time, its also that anyone can have a small piece of that dream through their own efforts inside a society that...

Come on, make a little more effort and you can do it. LOL.:D

For you the answer is 'No'. You answer yourself by saying you just want "some juicy cash flow." This specifically won't happen for you. More people should become winners and make themselves rich from the markets. I endorse that. I would like that. But it doesn't happen. Everything from lack...

The hardest thing as shown by amateurs is their unwillingness to know the puzzle of the markets. Knowing what the puzzle is, is the key to beginning the task of what you need to discover and implement. So what should be your trading aim? A professional or institutional trading aim is clear...

Autotelic or exotelic descriptions pose opposites whereas a better interpretation is to pose a synthesis for the motives of those wanting to make money. In other words making big money can be very satisfying whether big spending is the primary motive or whether big or any spending is a...

Anyone who really knows how to trade is not going to share that knowledge with anyone else and even less so with some stranger. Your helplessness suggests strongly that you should abandon any further involvement with markets and direct you energies elsewhere. If this guidance is unwelcome to...

That is 100% correct. And this is what I posted at ET in April. The outcome is therefore as I expected. :)

Passage to $1 Million As you have outlined what you are doing, from that you will not make your fortune. Of course I would like every trader to succeed. But that doesn't happen. Nevertheless it is possible to learn, to map out a plan with a sound methodology and execute success at a very...