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it should of never been allowed anyway... how is it fair that people pay taxes on all other forms of income... it was never gonna last and hopefully will create room for a capital gains tax reduction.

following for me... I'm just no good at predicting.

try a cigar, works much much better, and I am being dead serious.

I wonder why he is playing LM and SNDK, doesn't seem like the stocks he would typically play.

There are a lot of strategies that make money... most people just can't stick to the same one for 20 or 40 years... it's no picnic riding through the DDs and maintaining confidence.

It may, but I don't know much about being a pilot. Basically to be successful in trading you need to find a method that works and then stick to it like glue.

I disagree, he is one of the few that gets his performance audited... email him and he will send it to you. Zanger's huge value doesn't lie in his stock picks but in that 1 or 2 picks a year where he gets super conviction and loads the boat... Like he did with GOOG last year. Everybody looks...

Maybe ET members are good traders and have their own methods for targeting opportunities and don't need hand holding.

Once again you bought a falling stock... you may experience a tough time trying to buy when something is falling. Are you sure your entry signal is signaling a change of trend?

You bought ACI in a clear downtrend... what is your motivation to buy ACI when the trend is clearly down? Another question, have you tested that particular method of entry, even manually?

give me a few example of your recent whipsaws, attach a chart pinpointing your buy point and sell point(s)

I'm not sure if he cares! Have you seen his wife and his life? I wouldn't if I was in his shoes.

Stop trying to catch the first eighth! translation: stop predicting!

Best way to minimize them... learn to avoid that first eighth... as Livermore said, it's one of the most costly eighths in trading.

Then get use to them, they are part of the game

YUP! but there are things that work better... some traders make a million a year, some make 500 million, big difference!

The best ways to avoid whipsaws is to stop trading:)

This is one of the best posts of the year and it's clear you are a successful trader... thanks for the post and your comments.

In my office in 1999, most people missed out on the opportunity of a lifetime because of this reason, myself included.

I probably wouldn't but if I was forced to choose I would go with a business I would personally own outright if I could. Toronto Dominion Bank Citibank Earthbound Farms (if it was public) more conservative plays... QQQQ or SPY Personally I can't imagine a world existing without big...