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hope they go after the people who signed "liar loan" docs too

it is true for all professions that are legally regulated and controlled. The cause of their relatively good wages are the limits on supply and competition that they create through lobbying. the "professions" are union jobs for those with a somewhat higher than average IQ.

My technique is based upon observation and simple data analysis. Look for underlying concepts that may be valid and test a range of ideas/parameters based on those concepts, and see if there is any consistency. You can get ideas from books and articles, however one of the best techniques is...

"The reason I thought about using trailing stops is because I've been trying to trade every turn in the market by reading the price action." This is like playing poker and wanting to play every hand. No one can win this way. To make money, the primary goal needs to be making money, not...

for sp trading, once you are in a trade where exactly u got in should not matter. What matters is your view of forward expectation at that moment. Each moment u are in a trade is (with adjustment made for transaction costs) no different than entering the trade at that moment. If you equity...

Trailing stops are a very bad idea in this market. A particularly nefarious characteristic of the market is too look "great" for these strategies right before their use will kill your account.

hard not to come to the conclusion that these leveraged etfs are massive, massive contributors to the markets. Certainly many, many nice trades and meals for the short term sp trader.

my guess is that a huge portion of the 50b in losses is made of of the bogus return on investment. It is a loss on a gain that in fact never existed.

do u have a strategy? If so sometimes the markets are not "playing your game" so it is just best to sit out. No one can win all the time.

This is how it works today: Every time ANYONE no matter where they are located opens an account with a USA firm, there is a complete, GLOBAL background check and identity verification of that person. It is a legal requirement called, "know your customer" or something similar and is part of...

U have to first ask the question: what is the goal? MMA and all the UFC stuff will teach you how to be a ufc mma fighter. That training compaired to most alternatives is great. However it is not combat/survival fighting, which is what one may learn in a military training and are the only...

have u ever analysed you results from a money management perspective? Sharp ratio, max drawdown, etc? If your stats are decent, why not start a small CTA? U can build relationships with brokers/salesmen who can market your program. that could be a new and profitable challenge if this...

the vig

While it may be true many here are struggling with trading, it is almost certainly true that either success, struggling, or failure, most all here are passionate about their interest in trading. When one is passionate about something and look to others in a somewhat related field, it is easy...

good question. if one has developed ideas, systems, strategies that are making money while maintaining a good risk profile, that is very valuable information. If one has the ability to continually generate and execute on such ideas, such a person has a potential expected or actual income in...

have to distinguish between passing the exams and actually being a "charterholder" which requires 4 years of relevant work experience. the high average salary is not just the exams but the fact that most charterholders have many years of experience. Just passing the exams with little if any...

lorax that should hardly be controversial, The global wide results from IQ testing over the past 100 years should tell you most of what you need to know.

With such black and white criteria for success or failure, objective standards of measurement, an inability to makes ones nut by manipulating others, and a need to continually take risks, it is really not a great field for women. Women are more collectivistic, socialist-minded, and people...

The public is already taking the losses resulting from the crisis. how much has been lost in reduced savings/money market yields? Inflation? Taxes will be raised in effort to then take some of this liquidity back out of the system. For any of you who enjoy reading, VonMises has a very...

this is old news... about 100 years old. Do not take the headlines seriously, the free market has been dead for a very long time. More statism on top of more statism just alters the mix, it does not move our system from one category to another.