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It was Clinton that wouldnt allow Greenspan to put on the brakes on the run away stock market that ended in 2000. This turned into a crash, which then caused the Fed to bring down interest rates to nothing, to kick start the economy. This caused the housing boom, and now its gone too far...

Tell then you made a killing in the 2000 NAZ bull market, got out right at the top, retired, and never have to work again :D This way they all think you are a millionare, and it will piss them off that you got out while they all took a loss :D

Ok I note the sarcasm, but the market did in fact show some real weakness today if you look in the right place. We were due for some equities to be pounded.

I have seen no evidence of that. In fact, he has already admitted he hasnt backtested his "edge". More fooled by randomness. Id like to see an equity curve with at least 500 trades on it before we start talking about people having an edge.

If only everyone were like you. More profit for me :D

Evidence that discretionary trading is superior? Post it.

Im going to be factual, even if it sounds harsh. The reason you are not successful is because you havent done one single thing required to become successful in the game. Forget the chat rooms, forget all the services, definitely forget the idiotic indicator crap. Do not trade for at...

Your goal should be to get the firm to give you 10 million to trade with, then hit the 40% a year mark, and collect your 1 million dollar salary. Once you have 1-2 million in the bank in cash, leave and trade for yourself.

"if you don't make money, then you're not a trader any longer" Don, ever hear of the True Irishmens fallacy? You cannot simply redefine a trader to be someone who makes money just to make your point. Thats like saying nearly everyone who goes to vegas is not a gambler and not...

No, its perfectly valid. It shows that money management cannot give edge against pure randomness with a house edge. A martingale system cannot beat a negative expectancy game such as roulette in the real world because that would require an infinite bank roll and no one has that, so lets...

"but the most profitable strategy is solid money management." Money management has never been a strategy and never will be a strategy. Here is the logical proof: 1. If this were true, you could make money at roulette using good money management. 2. You cant. 3. Therefore money...

Still doesnt compare to trading. If I used just 2X leverage, I would make 80%, 4x leverage 160%, and im still not approaching the leverage used in buying a home in san diego (10 to 1). Apples to oranges. The chance of a blowout even at 4X is virtually zero since my max drawdowns are in the...

Id rather make 40% a year trading stocks, until my account gets so big there isnt enough liquidity, at which point my returns will start going down. But who cares, ill be super rich then :mrgreen:

That is nearly almost always true. And if its not true, it soon will be as soon as enough market participants start using the system.

San Diego is weak. 20% hair cuts below zillow zestimates. Too many speculators bought condo's and are trying to rent them now so they dont have to sell. Puts downward pressure on rents. More places to rent to live in than ever before here. Told my landlord to take a hike when he tried to...

Have any of you guys ever flown over the USA? :p This notion that "they aint making any more of it..." although true, has a false implication that were somehow running out and dropping supply will drive prices up. There is a ton of land, were not running out of space in our lifetimes.

Who would be stupid enough to do this right on the floor? Come on now. No one is claiming floor traders are pulling out cell phones right there in front of a thousand people and cameras. A broker could recieve the phone call from an institution for a million share order, then walk to the...

That hasnt been my experience. Ive never had so many friends leave an area because they couldnt find jobs that paid well, as they have in san diego. Ive never had so many friends with employment problems until I lived here. The job market has never felt good here like it has in many other...

Very true henry

Far less than 5% of people who try to learn to trade, make it. Come on.