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Compounding works in your favor when you are long, and it works against you when you are short. A losing long stock position eventually becomes a negligible part of a portfolio while the winners become gargantuan. You also have a lot more flexibility with your entry strategy when you are...

I was short MBNA Bank for a couple weeks based on technical reasons, and had been long Bank of America for years in a DRIP plan. In 2005 I think it was, the bankruptcy laws related to credit card debt were changed in favor of credit card companies, making it harder for consumers to walk away...

Quite an achievement. Congratulations!

Jimmy chill with this, it isn't constructive. Have you ever programmed anything? How about an enterprise trading application? From your messages, I'd guess you have no idea how software models can work. While I concede that trading experience is important for the software developer creating...

Frosty, have you read Curtis Faith's book "Way of the Turtle"? Have you found any ideas in the book helpful to your venture? I'm not trying to take this thread off topic, instead I was hoping to hear about how your trading experience has been different and similar to what Curtis wrote about.

Check out some of the high priced issues like GOOG or CME. Commission is low and the volatility is there.

Did anybody just see that commercial on ABC (during "Independence Day" Friday night) jawboning up the housing market? There was no company behind the commercial as far as I could see. Anybody have the scoop? It is an interesting development as far as I'm concerned, no matter who's behind the...

ES got tilted...

What is this? The speculation of an educator???

Sounds like the blind leading the blind. You are gonna lose that little roll of yours trying to maintain that level of returns by any avenue you might take. No question. You will be better off if you throw a giant party, put a down payment on a nice car, or take a sweet vacation and forget...

You can make it back easily. Just bet bigger next week to claim the gains you almost had this week.

They'll just keep reverse-splitting QID. It is turtles all the way down.

You are looking at years to go up the programming learning curve, just like trading. While traders are often profitable after several months, only a few will stick with it long enough to make their roll into something significant and fewer still will step outside of their pet profitable niches...

Are you waiting around for some market wizard to take you under his wing? You might be waiting forever. A more successful approach to meeting and learning from market wizards who are genuinely interested in deconstructing financial markets and optimizing their trading is to become one yourself.

public class ThirdFriday { public boolean isOptionsFriday(Date date) { Calendar cal = Calendar.getInstance(); cal.setTime(date); return cal.get(Calendar.DAY_OF_WEEK) == Calendar.FRIDAY && cal.get(Calendar.WEEK_OF_MONTH) == 3; } }

Jack Schwagger: "What advice would you give the novice trader?" "I would say that risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half." --...

J. T. Marlin

All the elitist asses sound off! And it sounds like this: Don't you know that nobody learns how to trade, all the old hands around here were born with it. Shame on you for even trying to join the club. What a stupid idea, to shave time off of your financial education by actually watching a...

The controlling market makers could just as easily picked a lower price, it is obvious they can put it wherever they want it at all times. Perhaps they want to keep it over the magical $5 for margin and exchange listing reasons.

Cool video except for the ignorant sniping at Brian Hunter to hawk his dvd at the end.