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I really think its a bad idea for experienced traders to say "it isnt hard to beat the market". You give the new guys the impression that getting to the point where you can beat the market isnt that hard. I strongly disagree. Im quite certain that 99/100 of my personal friends could never...

In my mind

Sure, let me give you my golden goose. NOT!

My own.

1000 trades whould raise my confidence that the system works tremendously, but but but... these trades better be spread across all types of market situations. If for example, all 1000 trades occured between 1998 and 2000, and they were all long, I wouldnt put much stock in them. If they are...

100 trades is a lot more statistically significant. It would raise my confidence level that this isnt merely luck. But, Im usually not comfortable until I see at least 200 trades, based on my experience of running, oh, hundreds of millions of backtests. My backtest system shows me my %win...

You continue to miss the point of the dice analogy and keep focusing on the non-analogous parts. Ill say it another way. If 1 million people randomly choose one stock at the begining of the year and sell it at the end of the year, a certain percentage of those people will have beaten your...

You can spend a small amount of time and do well because there probably is no correlation between the time you spent and your results. Youre still not getting it. This is equivalent to saying: How come I can spend a little bit of time rubbing the dice against my head, and "Feeling" what...

If I told you that when rolling a pair of dice the median value is 6, and that I could beat that value consistently (rolling higher than 6 every roll), would you believe me? What if I rolled the dice only 4 times and got, 7,8, 9, and 12, would you conclude that I can truly beat the dice...

Weve lost 3000 in iraq and the left wingers are crying for withdrawal. Thats like a little scratch under your finger compared to WWII. Thank god they werent around during WWII, or we'd all be speaking german right now. The world wide appeasement towards radical islamist extrememists is...

North Korea and Iran didnt lose a previous war to the USA and sign a cease fire agreement which they later violated, giving the US the right to go back in and kick their asses. Apples and oranges. The US went back in because Iraq crossed the line of the UN resolutions, what 12, times? It...

Now thats what I call a fair and orderely ass raping. Looks quite illegal as well.

Any game that has a very very thin edge, with a lot of randomness thrown in, which also requires nearly perfect consistency and discipline to make that edge work, all while under tremendous financial pressure requiring extreme emotional discipline ,is a good analogy. I cant think of anything...

0.6% to 10% a day return. No way. This will end badly for you. Stick to 100 shares max, and no more than 3 trades a day for the first 3 months. When you look back at your real returns, you will thank me for saving you so much money. Or go balls in and come back crying about how you...

I could care less about the national market. What I do know is, in southern california, there is no way anyone can realistically call a bottom until the majority of the interest only ARMs reset. They all better hope interest rates stay low for many years.

Want a high paying job that will never get outsourced? Become a lawyer. In san diego, they are making a killing. The attorneys will never allow their jobs to get outsourced. Any company that tried that would get sued to oblivion. One of the few desk jobs that has built in protection...

Dumb poll. Why argue semantics all day long? Worthless. Is going to your office job gambling? If you dont perform, youre fired, you risk losing a paycheck. Personally, I define gambling as risking anything without having a positive expectancy. So trading is not gambling. Going to...

Add cisco systems to that list. I have friends there, and they tell me about their USA groups that went from 200+ developers to 5 in the last few years. All of IT is going to india. Too bad, there is no way to stop it. Thats why I got the hell out of IT. Dead end in the USA. Hewlett...

Claims TOTAL cost was 500K, that would include the land purchase. So I ask again, why would you spend 1 million on something it costs someone else 500K to deliver to you?

You gotta wonder why people would pay 1 million for a home they could build for 500K :confused: