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What you are looking for is confidence. You are trading to make serious money, and if your trade has not racked up enough profits yet to really make it worth your while then leave it alone. If if never gets that far then it wasn't meant to be.

Just poking fun at all the similarly useless "prediction" threads on the trading forum. Not sure about anyone else but I found it funny.

You heard it here. What you chose to do with this information is up to you, but if you make a bundle of it a mere thank you will suffice. Dr Evil

It's merely an observation, that taking long trades in an uptrending market is more profitable than taking short trades. Good luck.

Calling market tops is not a profitable proposition. Why not keep your powder dry for the real thing. You will learn this the hard way or you will run out of money first. Good luck.

Not quite. The secret is keeping the aggregate of your losers smaller than the aggregate of your winners (including execution costs). It doesn't matter how you do this, as long as you arrive at this result.

How do I know this ... because the market is making higher highs. How am i wrong?

The other side of the coin is to press your winners

If you are risking say 0.25% of your account and average down to say less than 1% of your account then it's probably very profitable. Averaging up is better if you are starting with an initial risk per trade that is relatively high.

There are still plenty of skeptics who are either calling the top or staying on the sidelines. Until the majority are worshipping the bull, stocks could have plenty more room to the upside.

I'll second that.

In for a penny in for a pound. Tell them proudly that you are a gambler.

As good an indicator as any that oil is a buy.

+1

I agree, doctors, lawyers etc, however the really big money (heard of the L-curve?) isn't touched. There will never has and never will be a goverment that will not have certain members suceptible to the persuassion of very high value individuals. This is human nature and nothing can be done...

Progressive tax is impossible in reality. Few politicians would have the balls, ability or motive to go after the truely ultra elite for tax (which they don't currently pay). Aside from biting the hand that feeds them, it is always much easier to passify the masses with a program to raise...

They are taking wealth from the masses (majority of which are not wealthy) via their taxes and spending it in the most inefficient way possible by paying over the odds for a mediocre service. Btw, the politician(s) involved in the deal are spending the tax payer's money in the most effcient...

Milton was so right : http://www.youtube.com/watch?v=JfdRpyfEmBE

As a trader, don't you want to make your money as fast as you can? Averaging up is one way to do this.

I don't trade the short timeframes on forex because I am at a huge disadvantage to the big players in terms of execution and spread. 4hr bars and upwards puts me on a level playing field.