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What if the price action and the direction of every Market is perfectly readable?

Does everyone have a degree? Yes, I do. Don't amount to sh*t. The world is full of intellectual derelicts. Any decent degree is a handy label for a little bit of 'I'm better than you' nuance in your age peer group .. thats about it. Climb a big big money tree .. now you're talking!

The idea of trading for a living is almost an invitation to failure. The markets are always chopping up and spitting out all-comers who want to trade to live. I welcome them and the liquidity they add to the market. The thing is the market (ie index futures and in particular this could be the...

Samson77, why say I ask "a silly question". It was just a general invitation to comment, reflect, try a forecast, or whatever concerning the DOW. Guidelines, not really, just a recap on the recent DOW numbers. For example, Iraq doesn't help the investing mood. Transition to an interim...

Is the big pullback over? The DOW is off the approximate recent top of 10618 on April 6 and above the latest approximate low of 9852 on May 12. For me sideways is just as good because of the usual wide gyrations. Top Friday May 28 at around 10214. Overall I'm still very bullish. There...

Todays $ is confetti. And $9 billion .. small change in the scheme of things. Its the liberals previously in state govt that pissed away the zillions and put California in such a fu*king mess.

Simple. Be rich. Greatest single barrier to success or riches is that its not what you want. You think you do; you don't. You like the fantasy .. tops. Being a fu*ked-up semi-failure is most people .. its where you are comfortable; where you are you. Its your compartment. How can you argue...

"..for the fault is not in our stars, but in ourselves- agreed....i come from fx where mktmakers are blamed for every loss....and then i became a marketmaker!, if you cant take the heat, get the f*** out the kitchen!" vox_lucidus Abso-fu*king-lutely. If the specialists were to be...

Low volume is the culprit. Hey guys, when you get the electronic replacement of the specialists with orders in a queue, partial fills and all the other myriad electronic screw-ups, be my guest for some more of your 'Lifes a bitch' nancy melodramas.

I'm a big fan of Marty too .. in 'Back to the Future'.

"..cheese, I would make sure I knew who I was talking to .." Oh yeah .. gonna track me down and tune me up. The trader who tunes people up. Sweet .. you should start your own 'tuning people up' thread. And let me remind you of this: you're the one thats been doing the crying, bitch.

Yes you nicely summarize the 2 arguments, Samson 77. For me, I can see no point jacking around with longer term play when the same juice or more is available to take on a daily basis. But each to his own. Horses for courses.

Thats right, unleash the herd .. tune up Skilling and anyone else you imagine is your enemy. Vent your dumb fu*k mindless spleen on an unkind world.

What I'm implying is that Skilling is just caught in a blinding spotlight. He is going to be punished for the stock market bubble in which all the Joe Blows of the great U.S. lost money on blind and dumb speculation which the regulatory boys did nothing about at the time and when it was...

Ig0r, you sure make some damn good points about playing poker for money. Thing is with trading in a market you are not up against anyone. If its got liquidity and if its an established zero sum trading arena (ie index futures) you only have to devise and play a system to divert a flow of the...

"As well he should be." Snooptrader Of course. Ho ho ho. If he'd been dealing drugs and pimping, well, sh*t, that would have just been too damn common for star billing let alone prosecution together with the proper attention and concern of the courts and the law agencies.

Skilling, poor goddamn fu*ker .. his performance was undoubtedly a real stress release fueled by booze. Probably did him a power of good .. you may need to let the valve blow when you've been waking each day, day after day, to the foreboding burden of your forthcoming trial. Fact is its a...

"Work smart not hard." Mecro Correct. Work smarter, not harder. However if you are not working smart enough yet, work harder to get to that smart stage. It took me over a year to put together a system that meets my requirements. Now that was most of my waking hours 7 days a week. Even then...

The figure commonly quoted is 95% losers. How real that is, I don't know. While it is interesting it is not something for me that warrants further enquiry.

Sure as hell right about the frogs .. they are horse traders. They have a very long and ancient royal and republican history of expediency and self interest and as for anything they don't like well they blame anyone but themselves. But if you stand on their fingers they do understand that!