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This thread prompted me to reread Jack Schwagers interview with Richard Dennis in Market Wizards. I don't know if Dennis got back into trading but at the end of the interview he had quit trading after his fund lost 50% in a year. :mad:

If you develope a winning system you trade it , you don't sell it.

Aren't indicators just a manipulation of price and volume data to get the answer you think you want?

<i> quote from TG</i> I looked at ERTS just before noon, what was price and volume suposed to tell me?

If I had developed what I considered a winning system I wouldn't hesitate to post it here to test it. The best way I have found to test a system is to try and prove it doesn't work and you would get lots of help here doing that. If the system does work how many here have the disipline to...

<I>Quote from hii a_ooiioo_a</I> I wasn’t aware of that. I was under the impression that as long as you had $25,000 (cash and securities) in your account you were not limited to the number of trades. When my IB account is over 25K (mostly stocks and less than 5K cash) it shows the...

A vote in favor of the PDT rule for the following reasons. 1) If you don’t have at least $25,000 you are under capitalized. 2) It will make you a better trader. If you only have 3 trades per week you will tend to be more selective with your trades. Patience is an excellent quality for a...

I submit that there are a lot of people, men and women, that make a pretty good living playing poker at casinos. They are the regulars that take the money from tourists. The casinos don’t care if the pro has an advantage as the casinos, not unlike the brokers, take a little off the top form...

<i>If you are gambling, no matter how good your money management skills are, you will likely go home broke.....I don't think the same is true with trading though. So it appears there IS a distinction between trading and gambling.....what a surprise Trading is not a rolling of the dice.......with...

<i>trading is not gambling.</i> Webster defines gambling as “to take a risk for some advantage” and gamble as “an undertaking involving risk” To me that would also be the definition of trading. <I>when playing games using cards youre forced to play with what you have, noone...

I’m fed up with paying $29.00 per trade when I see US discounters charging $5.00 to $15.00 . I am planning to get a IRS Taxpayer ID Number, a US address, and a US bank account. Being that I will still have to claim to be a US resident to open an account, I am assuming that I won’t be...