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Aeliodon, It’s not rude to tell them to ask their financial consultant. What is rude is to tell them don’t pick individual stocks and only ETFs. You don’t know their whole financial picture so what you are telling them may do more harm than good to feed your ego. Don’t try to help...

George Parr and moonlightxpress, Actually, you are both spot wrong and most real traders will agree. Trading is a game that is objective and you can’t hide from what really is happening like you can in many other professions. Trading is set up in such a way as to take money from most...

Stosh, I actually put a few questionable uses in both my posts, including a different set of initials in the first one. No one is perfect all the time nor does anyone reasonably expect it. But a bare minimum standard is not too much to ask. I am more than comfortable with my standard...

Joe, A commendable effort and many certainly share your frustration on this point. But things will be back to the status quo in short order. People really live in denial and really don’t want to hear the truth and unfortunately won’t believe it (even if it is true). Of course on the...

Huh, I was paraphrasing what you said, but you probably don’t know what that means. You did say and I quote “There seems to be repeated statements made on this topic from individuals that a credit card company can change the rate on a PROMOTIONAL rate anytime they want. From my experience...

Huh and misterno, Thank you for making my day. This thread is priceless. Huh, please keep thinking the CC companies “cannot raise my rate, promotional or otherwise, any time they want.” I guess this is where the term natural selection applies. I would warn you about what you are doing...

Tickmagnet, You don’t get it because you only listen to rhetoric and don’t actually think about it and make up your own mind, whatever that may be. But with that emotional control, you obviously are not a trader and if you are, please don’t stop trading. More likely you are a laid...

Eko Trader, You ask for what has Obama done that is so bad? Well were to start. 1. Can’t seem to hire staff that believes in paying their taxes. Why anyone in this country would want as Treasury Secretary someone who can’t handle his personal tax situation and thinks it is ok that...

Doug, The biggest obstacle to success for traders is themselves without question. No other business punishes those who lose their cool or make what are seemingly minor mistakes in other areas of their lives as quickly as trading does. With great possible rewards, comes great responsibility...

Something else to consider, Here is one other point that I should have mentioned. Ignoring the semantics of how someone defines a “successful trader” for a minute, what percent of traders are successful in general? I would say 5-10% of all traders, maybe closer to 4 or 5%. What percentage...

Dollar$and¢ents, You are young so get an education first. Decide where you want to go with your trading. Do you really want to work at Goldman or another big firm? Can you handle failure and pressure easily? Are you competitive? Do you like sports and are you athletic? A lot of great traders...

This is how I look at. I do not consider it and compare it to gambling in the traditional sense of general gambling. But if you are comparing it to a professional gambler, then it is pretty similar. I define general gambling as just rolling the dice and hoping for the best no matter the game. In...

Arthur, I couldn’t agree more. The only people who don’t think that a bare minimum competency of spelling and grammar is important are the very ones who can’t seem to do it. Whether you believe it or not, it says a lot about you. Our accepted standards have dropped so far it is almost...

Something to keep in mind is the fact that Obama wants to raise the long term capital gains tax rate (Don’t get me started about that). Exactly what it is raised to has never been concretely stated but he wants to do it. Given the current economic climate, he may hold off on it at least...

I agree with those others who think he is being prudent and yes, conservative with the bulk of his funds. He has billions so can afford to sit in cash and ride out an uncertain period. It is tough to trade with that kind of dough and the recent volatility. If I were him, I would do the same...

Cutten, Those kinds of thoughts certainly make one think. I remember reading a story back in the tech bubble days about a big name fund manager/trader, I unfortunately don’t remember who, was getting a taxi ride in NYC and he and the taxi driver started talking and after finding out what...

Ok. I"ll bite. You write and spell like a high school drop out, not someone at a good school like CMU. I doubt you would have gotten past the essay for admittance to CMU. But if you are truly serious, which I doubt, I would recommend the first thing to do is learn to write, finish school and...

Respectfully, only amateurs and beginners make hard and fast predictions like that. Now you have your ego involved by telling everyone you think this is a bottom and will defend that and it may cost you money. Amateurs predict and want to be right, pros just want to make money. A price in the...

This is tough to answer in a short summary and you will probably not like the answers but here goes. I will start with the bad. First, coming to Elitetrader for advice for questions that have been answered so many times on your first post suggests you took the easy way out instead of reading and...

dandxg, I assume you mean 87 octane instead of 85 but maybe things are different in Denver. As far as mileage goes, you might be surprised what some of the cars get mileage wise. I drive a 330Ci that on a long trip gets almost 30 mpg on the highway, at something above the speed...