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Watson, you'd better find Holmes, and fast! Bwaaaahahahaha. ROTFLMAO. Oh please, I'm going to have a heart attack.

FIREHAWK, "Let's bring in some sanity..." Absolutely. I agree. It seems self evident. But, you see, I have this special gift, some people have it, some people don't........., it takes a certain breed..........., HaHa YukYuk. Oh, and I forgot, my spirit guide! HayhayaHayahaya, and my...

If you guys really want to compete, why don't you compete in the market and then fax someone a copy of your December trading statement and let them declare the winner. Use % gain as score. They'd have to be willing to do it though. Maybe one of the senior members.

Intuition is usually based on experience. The recognizing, semi-consciuosly, of something that has happened before. If an inexperienced trader has seen a pattern happen only a few times before, he will get a "feeling" of what the next part of the pattern will be. This would be called intuition...

I'm not surprised institutions don't share their systems. Only an idiot would give away his edge.

Yea, "bastardized" by "common folk". Eeeeoouw. He's either a bonified pompous ass or he's just joking around. Maybe he's royalty? I think I'll dub him "Baron of Graymatter".

Yes, statistics would be good. I think that would be valuable. It's important to be able to define probabilities. I often wonder "how large of a position should I take on this stock". Statistics would help define it better.

I have four terms of calculus up to differential equations (a real struggle for me) but think a thorough understanding of algebra is all that is essential.

A degree is a worthy achievement. It can be thought of as a symbol of effort and intelligence, proof to the holder and potential employer of ones ability. But, I can't see any reason that the same effort and innate intelligence can't be applied to trading. With trading, the symbol of ones effort...

It's a mistake to compare your trading to others. You can always find someone to make you look bad, or good for that matter. Causes emotional ups and downs, either one will adversely effect your performance.

I bought a Gateway AMD Athlon 800 with a TNT2 32mb video card and 192kRam and a zip drive a year ago for about $1200. It smokes, it ALWAYS works. I can run 2 browsers, 2 spreadsheets, Qcharts, MSWord, QuoteTracker, and my broker's order entry page all at the same time with no lag whatsoever (I...

Papertrading can help in three ways (maybe more). 1. What worked in the past may not work in the future. 2. It will give you confidence to stick to your plan when trades *look* like they're going against you. 3. It can save the newbie. It's surprising how many trading schemes fall apart when...

One other thing about the sailors. They were prepared. You don't embark upon the high seas without a stout boat, supplies, a compass, and experience. You have to be prepared. Trading is no different.

MD-doc Excellent post and excellent advice. To add to it I'll point out that the old mariners didn't have the advantage of paper-sailing. If they got in over their heads it was curtains. They had real courage. We can paper-trade, which is a real advantage, a valuable one that I'd recommend to...

At my broker you can't sell more than you own. If I own 100 shares at $10 and have a limit order in to sell 100 at $12, forget about it, and then try to sell 100 shares at $11 it will say "invalid order". In order to sell the shares at $11, first I have to cancel the $12 order. Stop and limit...

Circle the wagons. The spammers are attacking!

I figure I have enough to do analyzing price and volume. No time to spend analyzing analysts. (That would be REALLY difficult)It's a road I don't want to go down.

Medved QuoteTracker works fine for realtime alerts with a maximum of 80 but is free. A good beginners software. QCharts from Quote.com works fine for realtime alerts with no maximum and includes good realtime charts to go alng with it. Also other things that make it much more versatile but...

They used to annoy me too. I had an internal argument going on. "If they upgrade something to a 'strong buy' why is it that when I follow their advice (on paper) that I would end up loosing money? They are either lying, or their advice is useless or even harmful, in which case, why are they...

Yeah, the so called "tape reading" I do really screws me up sometimes, less now than it used to. I've sort of decided that there's a lot of suckering that goes on in the prints, fakouts, etc., so I TRY not to pay much attention to all that nonsense anymore.