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Ummm... ok. Now let's say for a moment that the family income is below poverty levels, or you have massive debts and relying on public services, or just flat out broke with no options. How can you provide a happy, successful, loving environment without the means to provide it then? How are...

I agree with his assessment of the economy. Actually i've been looking for that big bear trade since 2003, constantly losing my little "probe trades" ever since. No matter how good a research report sounds, or how many people agree with it, it's the actual market action that determines my...

Probably could be done back in the days of the ticker tape, where you could literally just listen to it.

You're right, wealth building is not denominated in $/yr. One should be stockpiling gold/silver instead, and denominating their wealth in the number of ounces owned.

This is the most ironic career if you think about it. Trading is a one-person job, period. Most successful traders are introverted and tend not to be people persons. Yet the market itself is actually that... PEOPLE. When you look at charts you're not seeing numbers and shapes, you're...

If I had 800k - 1M liquid, why in holy hell would I want to trade for??? Put the entire amount in short term treasuries (no state-income tax either) that easily put out 5% now (and still to go higher!), and live off the $50k+ interest generated. Whatever funds I still have but dont need I...

Set a stop loss to lock in profits just in case... but as the old saying goes... let winners run. I suggest long-term LEAP contracts in DIA or DJX. 10,000 is heavily defended with a vengeance in the open market. If it ever breaks on a weekly closing basis.... 2002 lows will be revisited...

lol..... right Just like everyone should've been buying INTC for the past 3 years.

Gambling became less attractive after I saw how much more money moves in the markets. It makes even the largest casinos look like chump change. Why bother spending hours upon hours trying to win $500 or $1000 or wutever at a casino... when those same amounts are mere hourly fluctuations in...

Cramer's wife (Trading goddess) is the REAL trader in the family. She was a hedge fund trader also. If it literally weren't for her, Cramer's hedge fund would've been liquidated back in 1998 during the asian crisis. It's all explained in his book actually.

Opinion ---> "money cant buy you happiness" Fact ---> "money wont make you sad" :)

Leaders are born, not made. Traders are made, not born.

Over the years I've also found my strength is in longer timeframes (months, years). A 'daytrade' for me is if I make a roundtrip trade in the same WEEK. Seeing how I study the much longer trends and sector moves, using options was my primary choice of trade. Using LEAPs is a great way to...

I made sure to lessen this risk by getting out of college with an MSEE instead. Bachelors degrees are like high school diplomas nowadays. While everyone in 1999-2000 was jumping for joy at getting multiple job offers.... I hunkered down and dove straight into grad schoool instead. A good...

Ok here's my final plan: Set aside enough cash to pay for rent/bills/car for the next 2 years so I'm not pressured just to live a normal life. No debts, no CC balances, 800+ credit score, six-figure trading account. Only expense I'd have to worry about is whatever I put on my credit cards...

"The only thing to do when you are wrong is to be right by ceasing to be wrong. Cover your losses quickly, without hesitation." "Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong -- not taking the loss -- that is what...

Late 90's market was one of those once-in-a-lifetime circumstances in anything equity related. Hardly anyone was a loser since the tide was so huge and lifted every boat. The reality is that there's always a bull market trend in something, somewhere, at all times. You just neeed to know...

QQQBALL, thanks for the advice. Just so you know, I don't spend every working hour trading. I never have to since my timeframes are by the months. I've always given 110% effort to my day job, else I wouldn't have had it for the past 4 years.

Just for the record, I think the social interaction thing is overrated,.. unless of course you're chick hunting. I'll be the first one to admit to being introverted and not really a people person unless i HAVE to be at certain moments. Which is perfect cause trading is a one-person job. I...

There's no way to quantify and account for 100% of everything, just trying to cover the major bases at least. I got healthcare taken care of thanks to being an IEEE member. It doesn't cover small things like dental, vision, periodic exams... but covers the major incidents instead that would...