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Yes, they are salesmen, but you have to consider their audience, who are mostly a danger to themselves and others. Advisors do a service, the same as crossing guards do. If you are a helpless toddler, it's best to work with someone or you'll get run over. If you are an adult, you won't need...

:)

I agree with Stockmarketmap. Sitting in front of a computer for prolonged periods of time is not that healthy.

It's well known that people overpay for index puts. There may be money to be made selling them if one can withstand the occasional large losses. However, with a small account, it seems better to trade put credit spreads so the loss is limited.

Maybe it isn't, I don't know. I'm just not a day trader, so I cannot speak to it. As I learned to trade, I was working, so I had to evolve longer-term systems that do not require my presence so much. I have more time now, but I have not found a way to successfully day trade. There may be...

Who are they going to sell to? The emerging markets are still trying to climb out of the toilet and the EU is circling the drain. Right now, China does not have anywhere else to go. But China's leaders do have 2 great advantages: 1. They don't have to answer to their people. 2. They take the...

Many momentum systems work (moving average, relative strength, etc. ), at least over the medium or longer term. You don't necessarily want the "best" one, but rather the one that offers a reasonable reward for the attendant risk. If you are trading multiple uncorrelated markets, you can select...

I think good for now. Good uptrend in IYR and RWR at the moment; I'm in, but re-evaluating periodically. Speaking for Seattle/Bellevue, the rise so far shows no signs of abating. My house is up almost 20% in the last 12 to 24 months (which won't do me any damn good, since I plan to be carried...

WTF is wrong with me that I am still following this thread? I know Karen will fail; it's just a matter of time. Why do I think I need to see it happen? I'm usually not the type to follow fire trucks or tornadoes around......anyway, I bought some AMTD a couple of months ago. My way of joining...

You have to just admit your mistakes and learn from them, which is exactly what you are doing. You are facing the problem, in contrast to the many on this board bitching about the rigged system, etc. and blaming someone else for their situation. You have not given enough information for me to...

Tank, I don't mean to sound like a jerk, and I hope you will take this the right way and that you will succeed in your trading. But, here goes: in the long haul, you will not make money in the way you describe. You'll have more winners than losers, but on balance over time, your losers will...

Well, it's just electrons moving around. No one has ever seen one, but like the market, you can "feel" them if you dig your toast out with a fork.

It would be easier to predict the price 10 years from now than to predict it a minute from now.

It would have been so cool to make $43K at 16 years of age. But I'm sure I would have spent it, likely on a trip around the world.

That is cool. I'll never forget my first eye-opening lesson about investing in the stock market, when I was 18. I was reading one of my college freshman textbooks, and it said that if you buy and hold a basket of blue-chip stocks, you should expect a long-term return of about 10% per year. I...

Yes, I think they are not decoupled. Yes, I can think of times when I "just know" and I don't know why. But I believe they are based on experience. For example, I'm remarkably good at sizing people up. Also, I am often able to anticipate when someone is going to cut me off or do some other...

I think success may all be quantitative, but people just don't realize it. I propose that those who seem to trade by so-called intuition are relying on their past experience, some indicators, or a combination of such things to make decisions. I think they simply don't realize what they do. I...

Don't run the DITM puts long-term; the bid-ask is bad on longer-dated contracts. Usually one is best off just using consecutive monthly contracts. I'm glad you said it's not time yet; I don't think so, either. But the time will come, and it will be very nice.

Ack, sorry, I mean BUY the put, not sell it...

You can also sell a very deep in the money put. For example, at this moment, I see that the September 2016 155 contract is $15.80, so the time value in this put is only about $0.64. You can reap the benefits of 100 short shares of TLT with a small expenditure, no margin, and limited risk.