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That depends on your definitions. My definition of a trader is someone who looks to profit from the stock price fluctuation and does not want to hold forever. Long or short does not matter. An investor is someone who may benefit from stock price appreciation but who primarily looks to share...

Number 1 has to be William J. O'Neil by a mile.

Looks like it covers all the basics. Of course, if you want to learn to trade with channels, no amount of knowledge gained from a book is gonna get you there. It's as futile as trying to learn to ride a bike by reading. You just need to hop on the seat and start peddling. That said, I...

What's strange about that? That seems to be par for the course in the trading education industry. Don't you think it way more strange that a "profitable" trader would give away his system for free to strangers? To me, not really, because the person cannot give it away. It has to be taken...

This is ELITE TRADER. Everyone here is an expert. That is, until they make posts, sometimes with inane charts, that reveal where they are. But who really cares? Personally, I don't wonder at all about the reasons people pretend to be traders on a message board. But I have wondered at times what...

Jack Hershey, you're gonna give McDonald's a run for its money. No doubt you have a lot of detractors to thank for that. I do remember the Babak character from way back. The internet is great. Shit doesn't get erased but just piles on top of old shit, and after enough time passes the old shit...

That's your choice. But in another post you say you are "curious" and ask the Jackatollah to start a journal with "live calls." Looking for "live calls" on a message board just reveals you are pointed in the wrong direction altogether. Moreover, your charts and questions are of very low quality...

No. The recent low was at the left side of the channel. BO's of channels do not occur on the left side. For more info, I refer you to one of Hershey's infamous documents floating around the web: Channels for Building Wealth.

Today was a BO of the channel. This is still a retrace - tongue in cheek, "the mother of all retraces" of the leg from late September (cf. the 3 prior retraces in the channel).

The CFTC is not alleging that Intrade is engaged in online gambling. If that was the basis of the complaint, I would think that would be outside of the CFTC's jurisdiction.

What is the crime?

Look at it finer. A retrace of a retrace is still a retrace. To further the inquiry, what comes after a retrace? Not just one possibility.

Got a call today from my broker who's been studying the Hershey method and who makes trades for one of my accounts. Broker: Hey, I've got some good news and some bad news. Which do you want first? Me: The bad news. Broker: Well, you know that short trade for the end of the retrace on...

If I recall, to get the 80% split, $30,000 of profit needs to be accumulated in the account which is the only amount at risk. What exactly is the "backer" backing?

Ready for the mother of all retraces.

You are an imbecile.

I did not turn, I have always been on the dark side, McSurfy. What's with calling me hoodooman?

Are you going blind? I wrote the post and I said gloating not glouting.

Usually your gloating means you're gonna get stopped out. Maybe you should take your paper trade profit here. At least you can then gloat until next week about being "right."