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So you can pick the end of a trend as it is happening? So you can tell in real time when the end of a trend will lead to a sideways move as opposed to a trend reversal? Do whatever you want. You are clearly god and you will be the richest man on earth in 2 years.

I'm sure everyone on here, no matter how unskilled at trading, has been able to identify at least 5 day trades per year that were just so outrageously obvious that they couldn't possibly lose. If those trades were placed with options to leverage the win, anyone could double their account size in...

Stress, like the stress on a tight rope, is the result of being pulled in two different directions at once. The market is pulling you one direction. Find out what's pulling you in the other direction and let go of it. Then the stress will disappear. Here's an example from my former stressed out...

Financial investment is not nearly as risky as being an idiot. Number one rule is to not get in the water if you can't swim. But if you CAN swim, don't be afraid of the water.

First, he didn't account for commission, slippage, or spread in the Risk side of things. This is a nice sales technique as it makes the noob feel like it's going to be an easy game, but it's not accurate. Secondly, he calculated his reward based on what HAPPENED. "For example, if you make a...

Most difficult trade is the one I place just after a small win brings my account to a new high. Say I had 17,490 in my account and I placed a trade that just squeaked me above 17,500. Seeing the new number "5" in the third place, makes it hard to think of going back to a 4 or a 3 even though my...

I like that Reagan quote. Not because it's right, but because trading is so much like the scientific method. I think trading is more related to a hypothesis than a guess. It's like saying, "Based on how I understand things at this point, I think ______." People form hypotheses because they...

Sure it's guessing. But that's where money management comes into the picture. If you roll a dice and 1,2,3,4, or 5 are winners but 6 is a loser, would you be "guessing" that it would not land on a 6? Absolutely. But it's a good highly probable guess. No matter how many times it does NOT land on...

Since no such pill exists, and since some people in this world are happy, happiness must be attainable through other means than a red pill. In fact, they're both attainable. However, in the pursuit of that much money, happiness can be lost, but in the pursuit of happiness it would be hard to...

I'm a conservative trader too. And I know others who recommend this same thing that I am about to say. "After a win, take a few days off." Get used to that new higher amount in your account and take ownership of it just like you had before the previous trade. If you trade like its not...

7 years for a common law marriage.

Hey man, I think I've talked to you about this before, but let me share my story with you as it might help. My system dictates 3 to 5 trades per month on average and about 15 minutes per day at the charts. But my need to trade kept me at the screen 6.5 hours per day and I made an average of 20...

"I'm in sales" is a good "what do you do" answer. If they ask more, I sell hope/paper/security, or "depreciating assets, like everyone esle." Pick one. Vague, but it works. As for bordom, get an i-phone and trade from the road. Go see the world. If you can't afford to do this, should have not...

There is too much history, though, to think Solomon did not exist. The queen of Sheba visited him. So, he is in those writings. The Pheonecians were hired by him to bring about 66,000 lbs of gold every year by boat. They were nautical experts and their own writings talk of the massive amounts of...

Who said he was great? I thought he was just wise. I'll have to see the literature on the "great" part. But as for his wisdom, Ecclesiastes reveals he was addicted to experimentation. Despite his wisdom he desired to know the outcome of everything. He wanted to know the effect of wine, of...

Not a disease. It may be called that so that the medical industry can convince people they need to treat it with expensive drugs, but it's not a disease. It's caused by VERY low levels of neurotransmitters. Seratonin, for example, is responsibile for regulating sweet cravings and balancing mood...

The thing about trading is that the methodology, the psychology, and the money management are all equally important. They're like a cord of three strands. Only being excellent at two is a losing proposition. Strengthen your weakest one, and when it's not your weakest one, focus on your new...

I knew we were heading for another (bigger) dip when the Dow hit 12,000 and unemployment in my home state only dropped by 1% since 2009 (among other factors).

Lots of short answers by lots of people who haven't given it as much thought as the original poster. Kudos for trying to figure this out. OP, if you believe that the stock market represents the values of companies and/or their profitability then your conclusion is reasonable. The fact that...

Yeah, I was never worried about global warming. Why? Because I don't own ocean front property. Even if it was right, Al Gore's global warming idea has always made me laugh. In his video he says global 12 degrees at the poles for every 1 degree rise at the equator. Sounds to me like things will...