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  1. L

    Why do people believe day trading will get them rich quick?

    Yet here I am and many others are disputing them. That alone quite undermines your whole premise. Why am I wasting time typing this?
  2. L

    Should I take the leap and quit my job to trade full-time?

    Much like the market itself :P
  3. L

    Why do people believe day trading will get them rich quick?

    Give the guy a break. It's obvious he's a tool and can't trade (same for that Jack guy), there is really no need to spell it out. Anyone who doesn't see that themselves deserves to have their money taken. Maybe they'll learn a lesson.
  4. L

    Should I take the leap and quit my job to trade full-time?

    Wow, that list is so accurate it is scary man! Is it really the same for everyone? I read the technical analysis books (If the trend is up buy, or sell if it's down) and that didn't work obviously. I started right around the end of april and the trend was up when I immediately put on a huge and...
  5. L

    Price Action based Analysis

    Dude I'd kill for some method that did 90 losses in 100 trials. You can just go contrarian to the signal then and you'll lose 10 out of 100 :) They key issue with most systems and methods is consistency, they win or lose mostly based on a coin flip chance.
  6. L

    Should I take the leap and quit my job to trade full-time?

    I'd pay really good money for a system that was able to consistantly and reliably lose money....
  7. L

    Should I take the leap and quit my job to trade full-time?

    I take it you're posting from your mansion as you bought one of these magical systems?
  8. L

    Should I take the leap and quit my job to trade full-time?

    Hello... "professionals at hedge funds", "HFT" and "blackboxes" which have or are tools that are not at all available to retail customers. Or do you think they use MA's, RSI or really anything you can find in a reasonable retail charting software? *snigger* I never said algorithmic trading...
  9. L

    Should I take the leap and quit my job to trade full-time?

    What is up with all these people talking about systems? I think that throws new traders off. It certainly threw me off. It is my belief that if you have a high enough intelligence/IQ, the only way you will be able to trade is to apply common sense, perhaps economic knowledge and watching the...
  10. L

    Trader IQ Test: Pattern Recognition

    112, didn't take more than 15 minutes.
  11. L

    The AIR Car ... the future is friendly

    Video says 40gr co2/km.
  12. L

    How Deep Would This Retreat Be?

    Infinity really, but it's a long shot that will happen any day. Waiting another year for the big crash is not totally impossible I think.
  13. L

    How Deep Would This Retreat Be?

    Upside could be a bit more, depending on your definition of "retreat" (i.e. when do you consider it a finished retreat which bottomed and leaves room for fresh highs). Depending on your ideas you can go after root causes (I think it won't take long before munis become an issue, for example...
  14. L

    SP COT, who is commercial?

    I have had the same question. The answer I've come up with is that commercial parties are such entities that have necessary permanent exposure to the market (for example for dividends). Such entities are mainly funds such as pension funds and very bulky investment funds and banks. They may also...
  15. L

    Is S&P forming intermediate term double top?

    That would've made a shitload of money in 2000 and 2007.
  16. L

    Is S&P forming intermediate term double top?

    I thought so. Trading is something quite different from investing, in my opinion. One being more like a sport and the other an intellectual pursuit. Quite a difference in timeline mostly.
  17. L

    Is S&P forming intermediate term double top?

    http://tinyurl.com/2emypx7 Quite curious what that "investment skill" is you referred to.
  18. L

    Is S&P forming intermediate term double top?

    You're not serious? Edit: Yes it's a stupid question. Permanent Open Market Operations, google it.
  19. L

    Is S&P forming intermediate term double top?

    shhhh!!! What if this trick didn't work anymore some day?
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