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I would assume that you guys who are locked in the 17th century would also be mad about other things: abolition of slavery allowing women to vote telephone electricity etc etc THIS IS THE 21ST CENTURY!!! WAKE UP SteveD

Trading is a very simple business. But it is not an easy business. That's the difference. "the market can stay irrational longer than you can stay solvent" many an ex-trader has learned that lesson. I believe that every trader should read Bill O'Neill's books. He is absolutely...

I mean negative in letting anyone else's opinion stop you from trading. It is a very simple business. Buy a stock and when it goes up sell it. If it is not going to go up don't buy it. Will Rogers' method, LOL. Apply good money management skills and treat trading as any other...

this is why gold is such a absolute horrible "haven" in time of turmoil. It is almost impossible to transport in any meaningful quantity. It is silly to say that the $800 high for gold was some abnormal spike. A lot of people bought it at that price. The US is the "safe haven" of today's...

I think too many people on ET try to trade in products they know nothing about, commodities, indexes, etc etc. It all sounds "big time" to tell all of your friends you trade gold, oil, or soy beans, LOL. The companies you are trading with actually use the product!!! They will kill you...

I saw a statistic that, inflation adjusted, gold would have to go to $2300 an ounce to get even from the high of $800/ounce some 25 years ago. Some inflation hedge. And where do we keep $1,000,000 worth of gold? In the bad old bank? Or under the bed where the guy robs us? Since in bank...

Going back to the old days: Interest rates were "fixed" at the bank/sl etc etc. A $1,000,000 CD would earn 6% so divide 100 by 6 and you get 16.6. Remember I said "about". This is a benchmark measure to compare different investment vehicles to see where your money is going to be treated...

The entire financial world understands that the money is safe in the US. The only people that don't understand this are posters on Elite Trader, LOL. The money is placed in US assets because it will always be there. We have a track record dating back over 200 years. Spare me the...

PE's are historically based off of the bank rate: a 6% yield on a CD is equivalent to a 15 PE. That is what I could get if I wanted to "park" my money with NO RISK but NO UPSIDE. But I decide I want more than that so I invest in a company that has some growth prospects and that's where...

Oil has a real demand factor in the real world and is used for very real reasons. Gold is a giant scam on the very stupid and gullible. I saw a statistic that 77% of gold is used in jewelry. Buying gold is like buying a "dotcom" company with no income. SteveD

Go to a prop firm and spend the next two years "honing" your trading and establishing some respectability and creditability. As you grow in confidence you can start to prospect for potential clients when you are ready to go out on your own. If you are successful with your trading you...

If he is not an officer of a PUBLIC traded company I don't understand the question??? Patents and government contracts are not secret. Bids would have to had been announced with a public deadline. Patent pending files are open to public. What's the deal??? If it is really inside...

Most people do not understand that "trading/investing" on a full time basis is a BUSINESS!!! Flip through a Franchise Magazine some time. You will see that most franchises require one to have a hell of a lot more than $5,000. And the earnings potential is no where close to this business...

What I have always found amusing is the fact that almost all of the real trading rooms,(GS, ML, UBS, etc) NYSE floor etc etc have their TV's turned to CNBC. All of the pretend traders sitting in their back bedroom in their underwear trading 100 shares of SIRI are too smart to want any more...

Try INTC, CSCO and DELL. 100 shares only till you gain experience. They don't move much intra day but they do move slow enough for you to learn how to trade in and out. Try to learn how they move off of support and resistance. How do they react to specific new versus general market news...

No one ever mentions the people that did sell out early. The "lock down" was for only a short period of time. I am sure a lot of middle management did sell some stock to diversify. Lou Pai fell for a stripper at the Men's Club, got divorced, had to liquidate all stock, married said...

Get licensed. One investor lose money, sue you, you not legal, Feds put you in jail for 10 years. End of story!! Don't be stupid and gamble with 10 years of prison time!!!! SteveD

Barton Biggs' book "Hedge Hogging" is a good read on the nuts and bolts of raising money to start a HEDGE FUND. There is an enormous amount of "risk" money looking for a home. College endowment funds have billions to invest. They will throw $5 million into several funds to see how they like...

The LTCM situation was well publicized shortly after the blow-up. Greenspan had the heads of the major BD meet in one of the boardrooms and they committed the necessary capital, IN CASE, the bond market went off kilter. Aren't you guys aware that there are "collars" that will be put in place...

1. Remember you are trading "traders" not trading "companies". This news may be in the price already. The loss may be less than traders expect. You short and get killed. 2. I am not sure you would be guilty of insider trading. 3. Martha Stewart was not guilty of insider trading...