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True, multiple positions + stop losses can be combined to give a total risk limit of x%. Losses can be cumulative, causing (sometimes deep and prolonged) drawdowns. Since I have seen no actual discussion of drawdowns, only gains, I'm inclined to be suspicious. You believe doubling your...

1% risk per trade and you stop out several times in a row.

Trading is a possibility without a doubt. But setting unrealistic goals will guarantee your failure.

In other words, how crazy will it get before everyone wakes up with a hangover?

https://www.facebook.com/Fxpuls Amusing, I know. In fact I just randomly chatted to this guy in Starbucks (an hour ago) and he seemed pretty excited. Now, my question is: what is the most POLITE reason you could give for why you would not try this? (Obviously there are lots of good rude...

In his book <i>Status Anxiety</i>, Alain de Botton points out that there are two main types of love: interpersonal love (romantic, affectionate, for children etc.) and love "from the world" - otherwise known as status, which is a form of love from those who don't know you based on your position...

People forget that the ownership of millions of dollars can buy experiences that 60-75K per year cannot. These experiences may be important to some and meaningless to others.

Ah well, then it <i>must</i> be true :)

I'm curious about this story about no Main St investors having partaken in this rally. 2013 saw the biggest net investor inflows since 2004. None of this has been retail money? Over the last few months we have seen that 16 year old starlet giving stock tips. At the moment we also have: 1...

You can spend 2104 watching it collapse like Pets.com. Twits.com Twats.com wheredidmymoneygo.com

News story about young genius running hedge fund - Check. Yet another classic sign of a market top.

1. They are momentum/technical traders, or mom & pop investors owning a piece of life changing technology 2. Twitter, Amazon, Tesla

What's relevant is that so many people who should be in the kitchen have recently become stock market experts.

The original question asked why do people buy at tops in general, not whether this point in time is a top or not.

It's indicating <i>your</i> bottom

So back in March 2009 you were forecasting 7 straight years of gains? Or is your optimism somewhat more recently acquired? :)

I have at no point been short or lost money. I have not been long.. but by your logic this is probably losing money.

If you want to play hot potato, good luck.

Asking "why do people buy at tops" is the exact equivalent of asking "why do people go to crowded places". Crowded places are crowded <i>because</i> everyone's going there. Markets top <i>because</i> everyone's buying.

EqtTrdr, Rickshaw Man, makloda..? Three idiots for the price of one? Still no Fed inflation yet :)