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"Compromise" is possible when only people share basic assumptions. That's no longer the case in the US and the "problem" of not sharing basic assumptions is equally true of both sides. I share more basic assumptions with a free-market advocate in Chile than I do with an Obamabot. If it...

I don't view politics as being about "change", but about "power". I don't like people, regardless of how well-meaning they say they are, having "legal" power over me and the only institution in society which can have legal power over an individual is the government. Even "economic" power, as...

I've got the opposite problem. What's the point in trading well if the profits will just go to some parasite, whether that parasite is a welfare bum, a public sector worker or a "green energy" executive?

Honestly, I don't even have the energy to begin to debunk the amount of strawmen and false choices, along with the pseudo-fatalistic invocations of "necessity" in this bilge. Suffice it to say that posts and sentiments like yours are "Exhibit A" in my hypothesis that this country cannot continue...

Einzig died in 1973. While I'm not a believer in the idea that someone's ideas can't be based on permanent principles, rather than fleeting historical relationships, it is definitely the case that the global economy, currencies and oil have interacted over the past 40 years in ways that someone...

Ultimately, you guys are all missing the big picture, which is that we need to find a way to divide the country into two separate geographic entities which reflect the two political ideologies. Then, Obamabots can worship him forever under a Constitution which allows him to be dictator for...

All the more reason for the US to ramp up oil (and energy in general) production.

Every industry has its "quantity" plays and its "quality" plays. If you think what you have to offer is a commodity (in the pejorative sense of the word), you go "quantity". If you think what you have to offer has some value-add, "quality" is the way to go. You're one of the few guys on...

Yep, if you need a multi-paragraph thesis to justify your trade, it's probably not going to work out for you, you might as well call it an "investment", not a "trade". Nothing against multi-paragraph theses per se, they just don't have a place in trading. Investing, yes, but not trading.

"The higher it goes the more toppy it will become" is a tautology, since the market can't top unless it makes a high. It does nothing to help identify the price at which "high" becomes "too high". If you wanted to short something, Crude and Nat Gas were great shorts today. Both are still...

Any conspiracy that grows beyond a certain size will have at least one member incompetent enough to reveal it to the larger public. Once that member becomes part of the conspiracy, failure is inevitable.

As a rule, I consider every conspiracy theory which requires a conspiracy larger than the largest conspiracy ever uncovered to be false. If a conspiracy smaller than the one required by the conspiracy theory was broken up, how could an even larger conspiracy not be? It's just common sense.

I've gotten good info from people who know a thing or two about testing strategies against randomness, curve-fitting and performance metrics. The thing about those topics is you have to have gone through a "trial by fire" and figured out a working strategy before you really have anything...

While I agree with much of what you're saying, here are a couple of things surprise me about the unremittingly negative posters: 1. Those same things (difficulty of success-wise) apply to most professions, unless your goal is to sort of aimlessly work your way through life. It's hard to...

Some will disagree with me about that, but it seems to me that we are all trying to do the same thing, which is to put the odds in our favor. The way in which we do so will differ, but people always differ. It's what makes a market. I will say, though, that I have often wondered to what...

Right, I know that. But, what I'm saying is that, in the final analysis, even TA is itself a "statistical study", just with a different data set being studied.

Absolutely, it does. That's because bad traders "know" things at such a high level as to be worthless. People who know that you have to "buy low and sell high" were probably buying hand over fist when the NASDAQ started to break down in 2000. They probably thought that the 20% "discount" they...

Once you have a number of trades, executed on whatever basis, aren't you using statistics when you pick and choose among your future trade opportunities? In other words, is it any different to say "I see a pattern that has a 55% chance of reaching a certain target price" than it is to say...

"Trouble" is my middle name :) No, I can see what you mean by that when you say people aren't receptive to the idea. Also, there are some people who can read a book, take a high-level concept and then build their own implementation of it. I personally did that with a book I read which...

Sometimes I wonder why any trader would write a book about trading. Unless you are keen to give away the details of your trading methods, it will always be too superficial for some, and probably the most informed, readers. That is, unless you make it really anecdotal and entertaining, like...