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Commentators like Jim rogers and Marc Faber are great, but their timing is sometimes a bit off. Their ideas are excellent though- very simple and often accurate. Pure academics like roubini are useless- they sometimes get lucky, but they are so far removed from the reality of the markets they...

Some people just don't learn their lesson very quickly..

Moving your stop does not 'protect downside', thats already done with your initial stop. Sounds like the usual forum bad advice you hear over and over (along with all the advice about having a high R on trades). All the traders I know that move their stops to breakeven either are breakeven...

The whole 'war on internet gambling' is just a tactical move pushed by the U.S. casino interests to safeguard their businesses. Online casinos and poker sites must have taken away a large chunk of their revenue in the last few years and they obviously are not happy about it.

Looks like Cramer's people reading skills are as bad as his stock picking ones! :D

Horrible example. Trading is much more like a real time strategy game (starcraft 2 for example) where you play versus other highly skilled opponents.

Doesn't work. I showed alot of very impressive statements, and I don't make stupid claims that I can make you rich overnight etc. Just a good solid foundation of what I use day in day out to make money. Took me years to learn some of this stuff and I can give you a shortcut to alot of that...

If you were serious then why aren't you trying to find gurus with really bad records to fade? Isn't the point of the thread to learn something useful that could make mnoney?

So much potential for learning something in this thread, but the OP for some reason is joking around.. oh well bad luck you new traders :D

The exact number? I wish I knew that. But most likely they are going much, much higher over the next 10+ years along with most other commodities, particularly agricultural ones. Unless there is a dramatic change in the world somehow, which I sincerely doubt will happen..

This is not accurate. Your only real world tests are probably systems that are slight losers or breakeven over time, excluding commissions. Real losing traders and gurus often are not like this. If any of your systems were consistently and dramatically losing money in a predictable way (like...

Excellent premise. The execution, however, is much more difficult than you think, as you will find out as you try it out. The classic theory and reality problem :D I know this from personal experience, because I incorporate much of this philosophy into my own personal tading strategy. It...

If you want to be safe and not risk ruin, then 5-10% maximum. I used to bet more when I had real conviction in a trade and was on a winning streak and feeling confident, but there are just too many situations that can crop up with correlations etc that causes risk to be greater than you may...

What is this gibberish? Gross and the other pimco board members have called short term highs and lows in the bond markets as a contrary indicator several times over the last few years. Look back at the headlines. They are obviously going to be 'right' on most of their calls in the long...

See you in 10 years time when me and all the other 'lunatics' are selling our gold and silver to 'sane' people like you buying the top..

Many funds do only allow discretionary traders to risk 0.5% to 1% per trade- however, this does not account for two things: 1) Several highly correlated trades amplifying risk in certain market conditions (eg. forced deleveraging). I know one big fund manager who regularly hits his risk limit...

Great analogy. Personally I think selling precious metals or commodities now would be similar to selling your long nasdaq position in 1993 at 700 because it had gone up 4x or 5x in the previous ten years. The nasdaq then went up further by a factor of 7x to a peak of 5000 in the year 2000...

You are the one talking nonsense. The fact that most NL pros take excessive risk has ZERO to do with the skills required to become good at either discipline. You say poker players cannot choose their variance- totally false as you can choose to move up and down in table stakes anytime you...

Hi Snowrider, what software is that where you can draw those waves on the charts?

well in 30 years time many commodity charts will look like the smooth upward trend you are talking about ;)