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I think Gordon Gecko explained it best: "The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons; And what I do, stock...

Not true. If they made a bad enough move, we would bail them out. They will NEVER cease to exist, and there is no risk that they can take which will put them out of business. That's why they are thieves gambling with OUR money, and paying themselves the profits. Heads they win, tails the...

Unfortunately, it IS your problem. You see, they have set it up so that if they fail, they take you down with them, and you suffer even more than they do. That's how they get away with it. As Clint Eastwood once said in Unforgiven, "Deserve's got nothing to do with it." It's all about what...

Goldman Sachs does not take risks, nor do they "earn" their money... they are essentially thieves who STEAL it legally from us. Earning your money would imply that you actually take a real risk, the way that traders on this forum do every day. They don't actually do that. Any so-called...

Uhmmm.... it really doesn't matter. It's not hard to find out who the CEOs of these firms are.... all it takes is one nutcase, and the way that the media is stoking the fire on this topic, I would be concerned if I was running one of these firms. You don't want to be a target for pissed off...

You believe that GS and other large firms actually make money on a fair and level playing field like the rest of us? Come on.

You know, these wall street fat cats really should think about how these exorbitant bonuses are making them look to the American people right now. It's one thing to pay yourself a huge bonus when everything is going fine with the economy... but right after you have taken billions in taxpayer...

Ha ha - not a chance! :)

Thanks... I'm under no illusions that I'll be putting the trading rooms out of business any time soon, though! :)

Yeah? Tell that to Richard Dennis.

Here's the problem: If you are looking for someone to show you what to do, that means that you don't know what to do yourself. And since all of these educators have flaws in their game (just look at the guy who takes 1 pt ES trades on a day when it is running 20 pts, for example!), then some...

And again, if anyone actually had an automated system that could consistently make money in the market, why would they sell it? Why would anyone sell a gold mine like that? I wonder sometimes at how little some people actually use any logic. You guys that are still hanging on waiting for some...

You know what I don't get? I don't get why all the people who attend these rooms looking for easy-to-follow calls don't just use some logic. Think about it guys, here's what we know: 1. A guru is claiming to give you a 100% profitable system that if you only followed it, will let you make...

Unfortunately, that eliminates about 98% of them. :) American women are generally spoiled, no doubt about that.

Trade with a much smaller size, one that won't bother you as much if it comes back to breakeven or stops you out. Then use discipline to hold your trades until they reach your target. As you do that more and more, you will get used to the feeling of what it's like to see your trades reach their...

The only way to trade is to accept that anything can happen. We can go to 15,000 on the DOW in two years, or we can go to 4,000. Prepare for either possibility, and don't be rigid in your assumptions. Assuming that this thing will continue upwards indefinitely in a hyperinflationary spiral...

I don't particularly have this problem, but a very good trader I once knew was very hypersensitive to all kinds of minor stimuli... I always thought perhaps his hypersensitivity to minor details might have helped him in some way to see patterns in the charts that most normal people would miss.

I don't know... I think it was actually a great call. His first call was a move down to 1019 or lower, which is what it did almost immediately. The mistake was trying to make a longer term call after that... you really shouldn't do that in a market as heavily manipulated as this one. Basically...

This is a load of crap, and underlines Nassib Taleb's lack of market understanding. Luck has absolutely NOTHING to do with your success across more than a handful of trades. ANYONE who trades a system that stops working and then doesn't know what to do is lacking in their market understanding...

I don't really get why you are still sticking with the top call so resolutely at this point. You made a great call, it did exactly what you said and went to 1019 (a bit lower actually). That's a great move.... but at this point, why would you still be adamant that this is "the" top when we are...