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Very well thought out. America was founded as a business venture. The stock exchanges are the best way to participate in the true power of America. I simply decide what vehicle to make my money in, just as a farmer decides whether to plant wheat or raise cattle( government interference...

No, Bobcathy said that she believes futures are a zero sum game. Stocks are not a zero sum game, and I only trade stocks.

Ok, I see. I knew there was some reason I didn't fool with futures. :)

LOL, you looked it up, huh? Well, the leading scientists of the day once thought that the world was flat.:D Okay, okay, where is your link? I'll read it myself. I myself have seen no evidence of a broad reversal, what made you try to short the market?

Righteousness was here well before church, sweetie. In fact, church damaged the concept. I also see that you subsribe to the zero sum market theory, and this, IMO, is false. The other person on my trade may well covering short or selling longs at a profit. Many methods of making money can...

How could it be self righteous when this is forum of opinion? My words cannot force you to do anything. However, all money is not good money. If it were, you could a lot better buying and selling cocaine.:)

NO. I am profitable. I am a reactive trader. I learned these lessons well because of when I started to trade. 10/8/99. The peak of the bull. I thought I was superman until the day MSTR opened 200 points to the downside in the premarket, and I was very heavily long. It took a year to...

1. You can start with 2000 dollars, you must manage your trades. 2. Do not risk more than 10% of your capital on any one trade. For example, if you have 2K then your maximum loss should be no more than 200. 3. If you take a loss, then reduce your lot. For example, if you now have 1800...

It is interesting that money over morals would come so easily to you. The consistent moral erosion of a society usually heralds the end of that society. I saw on another thread a trader who happens to be a Marine that also took the week off, so I know that I am not the only one. The pervasive...

As a matter of fact, NOC has come up on my screens as a good trade several times this year, and I did not trade it. I have never traded an energy stock, I have never traded an oil stock. I do not trade shoe stocks. I have never traded MO. I am net postive on the year. It entirely possible to...

I took the week off too. I couldn't concentrate. I closed out on the third day of the rally and just couldn't bring myself to go back in. I'll make mine when the celebration of suffering wears off. :(

Good job surfer, I got out on day three of this 8 day rally.:mad: I am patiently waiting a chance to ride the slide back down. I am thinking early next week. 300 more points at best.

It's a prison, Neo, a prison for your mind.:p

Well, I only use the watch the S&P and Dow to make sure I am on the right side of the market. My actual vehicle, AZO, did not fall as sharply as the rest of the market, so I am still long. Stay near your PC, the day the bombs start falling is going to be one of those "X highest point gains...

Hi Wappers, have you made it to Stockholm yet??? Long yesterday at 827, is what the system says.

MM lines are simply ONE way of increasing probabilities of a successful trade. Following the rules of the system will increase the probability of entering a technically strong trade with clearly defined risk and reward.

No doubt, TraderBambu, the originator of this thread has remarked repeatedly that a perfect system could be given to a group of traders, and 90% of them would still screw it up, because of the management of the trade itself, as opposed to the entry.

Actually, you would do well to backtest a Gann wheel, which is also divided into 8ths. You would be just as profitable, as long as you use the same set of rules consistently when you trade. You could also set a fib grid to 8ths based on the HH and LL of a particular move, as long as the...

Actually, I began to ask myself WHY I was doing it. I posted one intraday trade in this thread, and one swing trade in my journal, then I decided that it was enough. Going out and speading to the world something as effective as this is just beyond my ability to be that giving. Why should I...

The lines themselves don't matter, it is the system behind trading the lines that is relevant. AZO was good to me today.