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Completely smashed on that one alone, but I can't blame him - he's been getting a lot of stupid questions. I'm sure he expected them, but to experience them in person is shocking.

And you'd be an idiot to take up his offer on his advice alone. You'd also be naive to think that a broker that lives on commissions isn't going to be a salesman, rather than a genuine advisor.

This is ridiculous. Levin keeps asking the same stupid question, Blankfein keeps answering, and Levin keeps cutting him off mid answer.

I'd say the same about adults, and it's a matter of ignorance, not intelligence.

It's likely that each and every one of them is just parroting whatever they heard on tv, from their parents and their friends.

There are 25-30 uses of the words me, my, I and mine in her responses. And of course, every one requires spending money on her or her loved ones. I'd feel sorry for the sucker who ends up with her, but then he will probably have more money than sense, and not care.

A poker player can't reverse his decision, but a sportsbettor can - always up until gametime, and often (if a major sport) during the game. You can bet sports without ever having a bet open for the game. A poker player has several rounds to pull out, as does a trader - a trader won't just pull...

Double down is actually pretty damn good! A bettor has options, not so much in a casino, but in sportsbetting and poker.

Perhaps you should get over your misconception of the term "gambling". Unless you are trading with certainty, you are gambling. Gambling does not necessitate lack of an edge as casinos are gambling themselves.

Every movement in price is the sum of all trading action at that time, and can only have that outcome, so no, it is not random. It only appears random to us because we are not fully informed.

Randomness is only perceived. You should try to grasp an understanding of probability before you trade any further.

That's the point - the author disagrees with them all.

My intuition is simply the result of subconcious analysis, so yes.

Only basic maths skills are needed. No more is needed that what is needed for poker. To be fair to the OP, he didn't define failure, but then I suppose it should be taken in context with his other posts.

As bad as it sounds to most, losing 20% isn't necessarily due to poor risk management. If gains will far exceed losses or the probability of that loss is very low, then it could be reasonable.

A couple of really silly opinions in this thread. As has been said already, most traders will only need a basic system, perhaps with an extra video card or two for 4-6 monitors. As for memory, 2 gigs on xp is fine, more on vista. The cpu is not important, as any current cpu will perform far...

Samsung 2233, just picked one up today and I'm going to order another to replace my older (and far lesser quality) Dell. I've got another Samsung that I'm happy with as well.

I bow to your 1600x1200 superiority.

Technically, all traders are gamblers providing there is risk in their trades. It's just that most people don't know the proper definition of gambling, and assume skill = not gambling.

Yes, breeding is completely useless