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if you chart housing from the beginning of time to when people lived in caves and now, it has always gone up. like, it used to cost a few spears to buy a home.

you make excellent points. personally, i have my best months when i am paired with a new trader to mentor. it gives me a chance to go over my own rules and focus on them and scrap some bad habits i may have developed. the mere discussion with a newbie helps my own discipline and open up some...

the more people trade your stocks, the better. it will increase the number of suckers. volume is everything.

nice post. i found that my biggest drawdown periods come from being right so many times in a row and i start to think that i'm invincible. then i get "stuck" in a losing position and add to it, thinking it has to turn. happened to me last month, was up 150k, lost it all in two days. :eek...

if you wanna meet alot of people, you should trade. i've met at least a hundred 22 year olds, seen them come and go. when it seems like there's no progress in your career, see if you still wanna trade. if so, dump your job and your girlfriend and expect to spend the next two years going...

the guy who does #2 must be a friggin genius. :D

when i'm not in the office, i use a recently upgraded system, eight 21" lcd's at a remote site hidden from the world 2 rows, four on each row as i can have up to a hundred positions going at once (not opg). i cover more than 10 sectors within the stock market, several commodities accounts, and...

i was always wondering.. if someone had a great track record on position trading and was up every year, couldn't the broker simply systematically mimic his trades? is this considered unethical? i mean i always see traders on the floor call out some stock, and many other traders join the party...

putting computers in the classroom has FAILED to improve the U.S. education system. kids use computers for chatting, games, mp3's and copying and pasting homework and papers.. you can stick a a whole set of enyclopedias in a classroom, don't mean kids gonna read it. you can build a whole...

ever wonder WHY there is big buying to begin with. it's ok to bandwagon via tape, to observe and follow the buyers, but wouldn't it be great if instead of reacting to a past event, you were there just as or even better, before the explosion began? my first year trading, all i looked for were...

i was kidding for the most part. i agree that distribution of information is critical thing. however, my point is about the distribution of $100 laptops to people living in famine and drought ridden desertland.. what is a computer gonna do for these starving people who never had an education...

Everything you list is free at my prop firm.

or this dude is trying to cover $5,600,000 worth of stock that he is short.

you mean like send their resume to monster.com? maybe start a porn site?

the last thing starving children in some remote village in africa need is a computer.

because price action would have showed he was wrong during that period. I never spoke to him, I am reflecting on his media comments. sorry you misunderstood.

price action is reactive form of trading. the basic physics behind it is that a particular price action tends to lead to another.. certain price action have a >50% expectancy and that is all most traders need to win in the long run. markets are considered good when there is consistent...

actually, physical speed is an edge in alot of trading, much like videogaming. i've seen traders who perform better because they can simply click faster and maneuver their positions like a bolt of lightning. i run a desk, and i see this happening everyday. two guys have the same ideas, but...

investment banks work this way. they hire naive college grads from top school to work 80-100 hour weeks doing intensive secretary style work for 2 year contract. most kids revel in the fact they are working for a big name bank and wear a suit. once contract is finished, most are out of a job...

i hear ya. came in long 80,000 shares oil.