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Agreed !! Not to be mistaken for the critic Simon on American Idol, , but this has to be some of the worst trading I have seen. You need to cash in your account, pay off that credit card, and do some real studying of the markets. Todays trades were absolutely terrible, and obviously...

BINGO !!! Give the man a cigar !!! Not precisely what I would do, but it's getting deliciously close. Dave

Marty's a trader. His strengths lie in his unique understanding of both fundamental and technical data coupled with his innate ability to calculate odds on the spot as in poker or gaming. At the time (2000) he traded size. I remember him saying he traded the QQQ and SPY in 10 to 20...

Hi Martys, Yes. On a scale of 1 to 10 I'd rate Linda Raschke an 8.5 and Mark Cook a 5. Linda knows everything Mark does and then some. The seminar was held over a 3 day period. Two days of textbook instruction, with the final day of study spent in live trading. I recall Linda made 15-20K...

Hi TomHam, Repeat. I HAVE BEEN TO 2 MARK COOK SEMINARS. His Cook Cumulative is a long term sentiment indicator. It is useless for intraday trading and is really an incomprehensible formula. He will give you the CCT formula with some prodding but you will never consistently be able to keep...

I have been to two of his seminars, one at the farm and one with Linda Bradford Raschke in Las Vegas. Both were informative. Do you have any specific questions? Dave

Hi Samson, http://www.nfa.futures.org/compliance/dd2001.asp Also need a Series 3. You can schedule the exam yourself. Dave

Hi ES, I like the idea of being a retail Market Market…good analogy. Market Maker, Specialists, and yes, even Hardware Store shopkeepers know the value of their goods. And each one has it’s own way of determining market value. Market Makers and Specialists have their bids and offers...

Hi Vhehn, Obviously today was up but it was a rather weak day according to my analysis. I know Samson trades longer term and my comments were geared to that time frame. And in that respect, the bears are still in control. We need more upside movement and volume to invalidate my bearish...

Hi Samson, Nice analysis. The bears ARE still in control for now....Agreed. Since when did you go from zero to hero.:D :D :D Good Trading, WD

Actually the very deep pocketed Cash Commodity Commercial traders trade this very same way. Think about it. Dave

ES, True Story… In the early 90’s I was introduced to a trader living in Westlake Village, Ca (Bob). Living in Los Angeles at the time, I drove up and met him. Our introduction had been through a mutual friend. New to the markets (about 6 months), and yearning to learn something in...

ES, Before I answer the question, "Is trading gambling?", I have a question for you. In your system, what is the required margin necessary to maintain all open positions, at the 20pip level you have set, considering a worst case market scenario. Where the market gives little or no...

I myself am just and idiot. A moron is a perpetual idiot. With a few more years of trading and experience you can be like me, an idiot. Your future is bright. You have something to look forward to:) :) :) regards, Dave Scott

Same Here. Reuters Data OK.

This site does a good job of explaning Fair Value and it's decomposition. www.indexarb.com Best Regards, Dave Scott

Why do you frequent a chat room that you hate? Why do you follow a moderator who drives you bananas? Answer: 1. Misery loves company and, 2. Losers need to commiserate with one another and, 3. It's free. :) :) :)

Michael B, I have read Scientist posts and I must say I have learned more from this traders insights than any other ET member. I appreciate his efforts and time and hope he continues in spite of flamers like you. Just another small voice in the trading community... BTW, I agree with...

Just thought this article might be useful. right click to save. Dave Scott

Bobcathy, I believe the above statement to be the most important advice yet. Great post DB. Cathy, trading real money with the guru of the month club is doing your psyche some real damage. Step back for a while but don't quit, observe the market in real-time and follow DB's advice...