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Wait for the poll. This is on the honor system.

That's a good question.

So I see two moves, d and non-d. Which is the third?

The "I can make it back real fast" syndrome happens all over. You see it in a basketball game when a player makes a turnover and then makes a foul at the other end, trying to get the ball back with a heroic defensive play. Or in poker when a player goes on "tilt" after a bad play or a bad beat.

Discipline is not enough, nor is having a plan and following it sufficient -- there are plenty of bad plans out there.

I suspect most failed traders attempt some kind of reversion to the mean strategy . . . shorting tops and buying bottoms, whether on five minute charts or long term. If you ever followed the Ameritrade Index, the Ameritraders bot weakness and sold strength. What many people think is the smart...

When they go down 20%, what do you do? You're at 1.75 leverage, so you just lost 35% of your position, or you're down to $65,000. Now you have the choice of cutting your losses or sticking with the position, in effect doubling down.

What are the odds the Feds will keep their hands off profits in Roth IRA accounts? Or will it be a too tempting way to raise revenue?

I too think IB is great . . . The interface is the pits, but that's OK. Ultimately IB is going to put the other brokers either out of business or eat into their margins . . . Or maybe the market will consolidate around IB as the high-volume/low margin option and SCHW or AMTD at the other end...

No this is common beliefs. "Reduce the overall cost of the position" - right but you're paying money to do it, and by buying lower and lower you're losing more. If somebody came to me and said "Pay me $100 and I'll reduce your cost basis by $50" that would be a lousy deal.

Not to threadjack, but what do FX traders think of this? http://www.brandes.com/Institute/Documents/BI_CarryingOn.pdf The argument is that high interest rate currencies consistently outperform other currencies, or the carry trade works.

Currencies don't move that fast, and they tend to trend . . . So they really should be good trading vehicles. I suspect the leverage is the problem . . . Is it true that some brokers will take the other side of client trades, simply assuming that the stop will be hit?

Huh?

INcrease the number of strategies and memory to make it tougher.

http://www.unifr.ch/econophysics/minority/game/ You win if you do the opposite of everyone else, ie if you pursue the minority strategy. Sort of like any parimutuel betting game.

This looks like one of those Jeff Cooper - Gann - "Divide by 360 and multiply by 7" charts.

How Charts Can Help You In The Stock Market by William L. Jiler is a simpler to understand abridgment of Edwards and Magee.

Maybe I should be more clear . . . Let's assume you knew both the direction and magnitude of the stocks future move, but you didn't know the path. In that case, you might try to increase your gains by holding out for a better price. Of course, you might miss out on some of the move if you don't...

Right. They illustrated "if you'd bot here, you would have made x". You failed to post all the charts where, if you'd bot there, you would have lost money.

You've fallen into the trap of the lump of gains fallacy, and the fallacy of the predetermined gain. You're ignoring opportunity costs.