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Tokyo? London? Did you try these out?

NEW YORK (Reuters) - Longtime technical analyst Robert Prechter, who forecast the 1987 stock market crash, predicted this week that U.S. equities may plunge to half their lows hit in March as a deflationary depression bites. Oil and U.S. Treasury bonds are also locked in long term bear...

If you want to use that argument you should also take into account the many thousands of dead and disabled soldiers coming home from Iraq and Afghanistan. Who do you think they are? They are our youth. Yes, we don't have as many dead as in Vietnam but that's only because of the advances of...

I agree that it's not the retired folks now who did anything wrong. It's the babyboomers who screwed up the system. They had everything given to them by their parents - cheap education, abundant jobs, medicare, unions. They wasted their youth doing drugs and now seeing the system slowly go...

My "naive" comment was intended mostly for the government. Of course I realize that the banks will say anything to not be blamed for the crisis and especially to get money on the cheap. I guess I just want to believe that someone outthere will at least try to make changes to the system so that...

The government is convinced that the real estate crash broke down our financial system. The CEOs of the banks that need the most money also think so. They all naively believe that pouring money into banks is going to fix everything. There are more problems ahead for all of us because we have...

I hope that before they make such a substantial decission the gov first makes a study on how this method performs in the North American environment. I have a hard time to believe that textbooks are the only thing at fault here.

I know how you feel, lolatency. I graduated from Engineering Physics undergrad program just 9 years ago and I feel quite frustrated when I open one of my old textbooks from time to time. Unfortunately, unless you stay at the university you will likely end up using only a miniscule subset of all...

A balanced mind is the prerequisite of a smooth and steadily rising equity curve.

riskfreetrading, your question does not make any sense! Let me ask you one question: what's Bill Gate's profession? He made it to become a billionaire so maybe if you join the same profession you can get on the Forbes list. The reality is that you start somewhere, do your stuff and you end...

I may have come across as someone who advocates that education is not that important and that was not my intention! If any young aspiring traders still at school are reading this thread I strongly recommend that they finish university with the best possible grades before embarking on a career in...

I believe Joe is right when he says that this has to do with a feeling of low self-esteem for most people. Low self-worth implies that the person is somehow underestimating what they can do. The reason why some traders are cocky and in many standard measures "overconfident" and yet they feel...

Unfortunatelly, it's true. The school system imposes rules that everyone has to follow and excellence within that system requires conformity. That's also the reason why a lot of business leaders and historical figures never excelled in their formal education. Some examples: Winston...

I seriously doubt that these highly educated types actually trade in hedge funds. My guess is these people are hired mainly for research and the sell side of the business. The problem with school education is that it teaches you that if you study hard you get great marks, which does not...

Interesting post, Joe! Can you suggest some techniques on how to deal with overconfidence? B.

Ethan, yes we can all relate to his uncertainity about a position but that's what trading is all about. Looking for advice from others will only make it worse. He started his thread by boasting about his paper profits while asking for an advice on whether to continue holding his position...

If you're looking for advice on whether to hold a position on a public forum that tells us more about you then you can imagine. Think about it before you take another trade.

Yes, you were! You gotta read the papers before you commit to something. The only problem is that if you did not sign up for the security device your accounts would no longer be insured in case of a security breach/stolen funds.

You made my day, punk! :D

The music has long stopped but sadly a lot of people are still dancing. Things are not going to be what they used to be and no amount of financial wizardry will erase the mistakes of the past. We need to get back to the basics and everything will get slowly better.