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By the time the technical indicators gives you the obvious confirmation, sometimes it's already to late.

Apparently I guess he probably said this after he lost a fortune in the tulip market craze?

Randomsurfers-walker-whatever are trading because their belief is that the money and risk management (the only thing that is controllable) alone will do the trick to make money. (sorry, but a negative expectancy with the best money management strategy in the world wouldn't help... or actually...

Doesn't Trader's world heavily promote Gann's material... selling them for $3xx.00 dollars.

You forgot to add something... We all know he died. Poor or rich at death is the question.

I like that statement. Just like how some people say you are the CEO of your life, you can also refer it as your Life is a market and you are the trader of your life. Because in life, sometimes random shit happens...so is the market. You are the trader because everything you do in life...

There is also a 6th point.. Backtesting and simulation are consider to be close systems compare to live trading where it's an open system. In backtesting/close system, your trade entry is just overlaying on the market without considering your trade entry....where as in live trading once you...

HAHAHA, you noticed the obvious 1 minute screen, but you didn't noticed it's an FXgame account! To be a trader, you need to develope a keen sense of detail. Also I notice that Rickshaw man had a similar account image posted up in another forum, but he cut off the FXGame label. At that time...

Basically I still wanted to know when you started trading actively in forex. And the length of time you start becoming profitable consistently after started trading. You already answered you never traded equities, futures or options.

MountainTrader, how long have you trade actively the following: In forex In equities In futures In options And the length of time did you start becoming profitable..consistently?

But isn't this the same with all businesses? Especially being a realtor? Start a business from scratch and it still make money..? But isnt' trading a business. =) Say, If you start a restuarant business (and you don't know much about cooking..you hired someone to).. who do you look for...

Actually flipping a coin can be NOT random especially if EVERYTIME you place the coin with the head facing up at the same position and have a machine that will apply the same constant flip force over and over again.. in a controlled ventilated surrounding or maybe a vacuum like surrounding.

I wanted to.. but I work on a typical 9-5 job and currently have to take care of baby daughter while wife works on weekends..so not much time for RE. But if I had a flex time job or something like your case, I definitely would. Heck, if I was single or have no kid yet, I would do it. Had it...

Well, as Taleb's argument states... black swans event has 3 properties, large impact, surprize effect, incomputable probability. So if you believe in black swans to a point of stubborness, you might as well believe in unicorns too..not to mention ghost and vampires, bigfoot, and of course...

If your trading is flextime, or ends at 3 pm, why don't you also become a real estate agent... It's flextime also. Most people don't even see houses or are at home before 3 pm anyways..and weekends you are free from trading and that's when most agents are the busiest anyways. Being an agent...

I think what Mountain wrote was just being sarcastic.

me third

Many indicators are derivation of price data or of another indicator over x number of time units in that time frame. So it does make sense to look at price action and pattern itself. But it's better to have something relative to the price actions and that is where indicators comes to play. So...

That's right.. ..just like what Salary Theorem stated: "Salary Theorem" states that "Engineers and Scientists and Mathematicians can never earn as much as Business Executives and Sales People." This theorem can now be supported by a mathematical equation based on the following two...

Well, not in argument here concerning whether or not there is a housing bubble.. but just wanted to commented on something that just happened last month here for you guys to ponder. Last month in Queens, NY (1 of the 5 boroughs of NYC)... someone bought a $925,000 2 story home that's on...