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After some thinking, here is my explanation. The key is the assumption "I have unlimited money" is wrong. Far instance, if I start bet with only $1, and I have 1 million in my pocket. It seems that I have unlimited money to bet unlimited times so i can collect $1 every sequence or few $...

Yes, the casino does have limit that you can bet, but Let's remove that limitation for now. It is irrelevant to my question. In stock market, there is no limit that you can play, so if you keep doing average down, will you eventually win? Guess not.

I am perplexed. Hope someone here can help me out. Let’s make some simplification of the game. If you go to a casina playing a game. Your chance to win is 50%, and dealer has 50% to win. House has no advantage. (some games in Las Vegas is designed very close to 50% win rate. House has...

It seems you are much more conservative than last year. Don't blame your bad trades. You had a lot more risk exposure last year. Yeah, you lost big ones, but you also made big ones. This year, you cut down those gamble trades. You don't have many big losers, but you dot have many big...

Can't be truer that that. What can economists do, really? They can look at what happened, and make some nice comments. They will try really hard to explain why that happened, but that's it.

Thoughts?

Hi, Gnome, Thanks for answering my question. Do you do longs more than shorts? For me, I find short is very hard, as when the stock price goes down, the pattern becomes very erratic (to me at least). Thanks, freewilly

Hi, qnome, Thanks for the thread. In one reply you mentioned you mostly use double bottom and double top. I don't how long you hold your positions, but since you have made 100 mil, I'd guess you don't do day trading. DBL top and DBL bottom don't happen very often. What do you do if you...

Good one. Many people in this country are so ignorant and many are brainwashed so badly.

Have you heard about MURPHY'S law?:) good to see you are positive today

"Every single billionaire in china as big time connections to the communist party - that's the only way you enter the club of the superrich. In America you have to work your ass off, invent, innovate, and compete to become superrich." How much do you know China? Is that fact or what "you think"?

That price is indeed a joke. It is probably only worth $250K. Yes, I am talking about Hinsdale. You can buy 5bed.2.5 bath at $500K. http://homes.realtor.com/search/searchresults.aspx?zp=60521&bd=5&bth=5&typ=1

2.4 TRILLION could buyout all the terrorists in the whole universe. Probably 20 billion will do it. just give terrorists 20 billions, i bet they will be the best friends of the US.

just go to upstate NY.

Glad to find some traders in cville. What do you guys trade? I have a regular 9-5 job, but I am open for anything. Intraday, swing, equities, futures, and options. I have been interested in trading for few years, lost some money, but now I think I know much better about trading. My...

I am paper trading N225M, and I am just wondering what the underlying index is? (is it just Nekkei), what is the symbol? How can I view the chart. I have IB and quotetracker. Thanks in advance, freewilly

Piscuy, Thanks fro posting your trades. I will play. Attached are the entries I'd enter. They both are longs. freewilly

Anek, Care to commend on my chart. I don't have NQ, this is QQQQ on 09/14, it should be close to NQ. It is 1 minute HA candle chart. time based. Thanks, freewilly

Anek, That price.action.pasta chart is gold. Did you make it up afterwards or it is real trading record? ne of my problem is the chart looks crystal clear with hindsight, but with real time, I am more often got confused. Thanks, freewilly

Neke, Don't get too upset about yourself. You gain this year so far is still great. cheers freewilly