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I have multiple computers and laptops. I use all of them in a regular trading day anyway. Each has all the trading platform software installed. No one failure will take me out. I have both cable modem and DSL. Yes it is a waste of money it seems. The redundancy costs $300+ a year. But...

We seem to be deviating from the original topic (recommended reading)... but we might differ in our understandings of the term "Technical Analysis". Your statement was a general blanket statement saying: TA (Technical Analysis) is a waste of time. I said it is not a waste of time. I...

Yeah, I agree. I would further that and say: you should start writing your own book. It's your own trading manual. This manual only works for you because it has info on the instruments you want to trade, and the method you want to use (or develop). Collecting relevant information such as...

Technical Analysis is not a waste of time. I trade based on charts only. I am a day-trader and trading is my only means of making a living. Traders need to have something to lean on in order to trade. Will you buy a share of MSFT stock for $100/share? It depends. So how do you judge? You...

I agree with that. I am also the one who uses a few methods (but constantly revise them), and use them well, to milk a few cash cows only everyday. Instead of trying to "scan" to find a new girl to date everynight. LOL.

It is really easy for those consistent losers to come ahead in trading. Just find a partner. Make a pick. Just tell your partner to place orders. The partner will in turn do the opposite. If you say buy, he will short, vice versa. Viola! The consistent loser will make money. Then use...

P.S. After I submitted my trading plan for the OTA instructor to review, the instructor specifically advised me not to trade AAPL (Apple Computer). "It moves too fast for you". LOL! In 2007/08 I made thousands of dollars trading AAPL alone. Yeah... They tell you to trade those...

I have attended the OTA 7-day course. Twice. First time in 2003. Then a repeat in 2007. The material has been updated a little bit over the years. But most of the contents are just about the same. Since Redneck has listed the curriculum, I wouldn't repeat here. My eval on the...

Thank you for all your responses. I gotta get a copy of this book to read! If you know of any other books by market makers too please let me know. :)

Does anybody know of a trading related book written by Nasdaq market makers or NYSE specialists? I have read many books written by pro or amateur traders. They all seem to be saying look at the chart, when it is trending, by the pullback, or buy the 38/50/62 fib retracement, etc.. It will...

One random thought: Here we are on this Educational Resources forum, a lot of people are looking for trading methods and information for free. Not only that, they demand "tell me everything you know right here so I don't have to search for them myself". And Rickey Cheung said: I LOVE to...

If he can find a few suckers (ahem... students) per year, he would have collected $600,000 (RC Full) or more. That's very nice supplemental income (or main income). He claimed: "In Sept 2003, I started teaching trading edge strategies via a trading seminar & provide 100% mechanical systems...

Per the "www.darvastrades.com" website: $30000, to $2,250,000, in 1.5 year. This is an annual rate of 5000%. Trust me: if someone has a system which can consistently return 5000% per year, that person does not need to sell his system for anything. People will be lining up outside his...

P.S. I have been receiving Larry Levin's spam e-mails for a long time. I read his e-mails as a form of entertainment. He is quite funny. But I refused to talk to his sales staff, who are pushy.

Why is it NOT legal? He just guaranteed that you will receive 200% of your money as a refund IF (X). But it is not clear to me what the condition "X" is. That you will make money following his lead? How much? $50?

Thanks Chris for this interesting discussion. (Gosh it's so annoying that I need to wade through these personal attacks to get to the real meaningful discussions.) I think you and your followers have a different, and perhaps quite opposite, approach to trading this market. I have no doubt...

Chris: Thanks for sharing your knowledge. I have one comment on this. I see a lot of people running some kind of scanning software day after day on the entire collection of NYSE/NASDAQ stocks looking for their "holy grail" trading patterns. But in reality, out of the maybe >10000 stocks...

I have tried the DTI service (kind of like chat room) on a trial. I found that their methodologies a bit confusing (at least to me). I opted not to continue. But that was a few years back. Maybe they had changed. I had attended some talks by Tom Busby. Again, I am not absorbing his...

Chris: I agree with you there. Like I posted under another thread, I have seen too many negativities on this "Elite Trader" board. Hopefully that phenomenon is only caused by a few individuals. I had listened to some of your recordings. Do you trade, and host your chat room, and...

Why are there so many negativities on this "Elite Trader" board? All I see most of the time is people tearing each other apart. One might be elite in trading but sure lack being elite as a human being. When can one contribute something constructive, even if one knows nothing about common...