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  1. J

    Question about stock margin account?

    My friend recently opened a Scottrade margin account with $5,000 dollars cash. He then saw a link on Scottrade that offered him a line of credit for people with a good credit history. He applied for it and got $20,000. Can someone explain to me what kind of loan this is? Does it work like...
  2. J

    Fed Announces Rates!! Massive market Surge!! I Am Right

    By fraudulent, I mean these indicators are represented by companies/individuals to make you rich if you follow them and ignore a lot of other information. I would love to see the stats on how many retail traders are failures using just technical indicators.
  3. J

    Fed Announces Rates!! Massive market Surge!! I Am Right

    -------------------------------------------------------------------------------- What a discretionary trader loves is the excitement. He loves being “in the markets,” playing with the big guys. He craves the risk, the excitement of trading, and the gambling rush that he gets from calling...
  4. J

    Why did the dollar plunge today?

    FEDERAL RESERVE
  5. J

    Currently 30 world conflicts 28 of them involve muslims

    Interesting all these words are coming from white Christians that had two World Wars and killed 12 million Jews. Plus us white Christians use to massacre each other in Europe over nationalism since the dark ages. I don't think were that much better then Muslims. Muslims are going through there...
  6. J

    Hezbollah chief Hassan Nasrallah possibly killed

    I think this is a key escalation and will extend the conflict. This was reported on fox news and is still being confirmed.
  7. J

    Gold correction has ended

    That happened all last year. If all currencies are losing value and the dollar is only gaining slightly on them then the dollar can still be losing overall to gold despite gaining on other currencies.
  8. J

    BOJ 25 basis pts

    carry trade from Japan is mostly a myth. nothing out of the ordinary will happen.
  9. J

    New to the game

    I highly recommend you don't waste your time learning to day trade because very few succeed at the retail level. You are better of getting another job or advancing your education to increase your retirement fund. There are almost no programs or seminars that will help you learn to trade, you are...
  10. J

    Soybeans

    I am not sure I agree with you. There are huge carry out stocks from last year and demand has not been great. The crop is off to a very good start this year, 2 weeks ahead of the average crop cycle. If weather stays the way it is and soybeans end the season with trend line yield or slightly...
  11. J

    Favourite quotes about money/markets/trading

    BOOOYAHHHH SKIDADDI
  12. J

    Anyone watch CNBC's Fast Money?

    Thought it was much more entertaining/ informative then Cramer's piece of crap show. I don't trade stocks so I have no opinion on whether it will make you any money.
  13. J

    I am new

    Did that comment really offend you that much? I think you need to get some balls and some thicker skin.
  14. J

    Gambling

    Come to California and play 2/4 Texas Hold em. There is absolutely no need to bluff in these games, usually at least 8 people take the flop. The people playing these games are so bad that straight forward poker theory and a bankroll is all one needs to win. There are already people using POKER...
  15. J

    Buy or Sell?

    Are you kidding? You can't have more buyers then sellers in the market. Somebody has to sell to anyone that wants to buy.
  16. J

    Newbie question: whats the best way to hold a long term hedge in eur

    Just buy a CD in another currency. Use everbank.com.
  17. J

    Recommend book(s) on Economics

    ECONOMICS IN ONE LESSON, by Henry Hazlitt Don't read that commie bull shit. Learn Austrian Economics.
  18. J

    Gambling

    Do you understand how expected value works? If you do an action that has positive expected value, you will make money in the long run no matter what. You can calculate exact EV in poker because you know exactly how many (what type of) cards are in the deck and how much money it is possible to...
  19. J

    Grains Journal

    Sold my wheat at a profit, I will re-buy Monday or Wednesday.
  20. J

    i've lost 400k the last 2 months i'm quitting

    I am not trying to mock you, I lost a lot of money shorting gold from 500 dollars last year. I know at least some of the pain you are feeling right now. I just think that if you have some money left you should to try and get lucky. I once saw a guy at the craps table lose 6,000 dollars down to...
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