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Damn it BC! At least throw us a target! S&P what? 100? 50? :D

Yes, and I did but I converted from a CPO to a CTA to get my life back. Taking custody of someone else's money is an incredible responsibility.

The first thing you need to do is school your mind. Read "Trading in the Zone," by Mark Douglas. You have to be willing to read it more than once because you couldn't possibly absorb it all in one reading. Each time you read it you'll absorb more and the learning curve will speed up. I've...

I haven't read your blog but I don't think your failure is because of the method you chose. Put a successful trader on your method and he/she may be able to turn it into a winner. It would take pages and pages of text to sum up what it takes to trade successfully but if I had to pick one...

If you knew anything about reading charts you'd know that a trendline that slopes more upward, compared to the last trendline, is a very bullish implication. Long was the only play there, barring any news to the contrary.

Many brokers offer $500 intra-day margin. No need to trade with IB whose requirements are much higher.

If true I'd bet this is happening on purpose so the powers that be can hit the reset button with a one world currency. How nice that would be. The Fed being the central bank to the world.

There have been repeated attempts to repeal the 22nd Ammendment. God help us when it happens. Imagine having Obama as Pres until he dies. It's just a matter of time. Instead of repealing the 22nd another ammendment should be added limited the number of terms a Congressman or Senator can run...

You are assuming the bargain hunters are not a one-and-done, which many are. See my earlier post.

Greatest business in the world? It's a novel idea but it's an easily copied business model. Competitors are present already. At some point businesses will be less reluctant to give their "stuff" away at 1/2 price because it doesn't guarantee return customers. Case in point, I grabbed a...

No! Certainly not the almighty "doing God's work" Goldman Sachs. If there's ever a bank that should be let go down this is it. Unfortunately, it's infiltrated the US Government so that won't happen. I wonder why KrazyKarl and asiaprop don't come out of the woodwork to pump these guys as rock...

Ditto that. Nothing but Dells here. I recently bought a Quad Core and what a machine! It can do some heavy lifting. Really happy with it. The OS (Vista), on the other hand, is a piece of crap. I gotta upgrade to 7 fast. If I surf the internet with that machine, which I rarely do, the...

Interesting. I didn't think SIPC covered futures accounts and it's nice to see IB carries more insurance than SIPC. I don't trade with them, however. I got a better deal from another broker and IB wouldn't budge.

I agree but if the opportunity to chart your own course still exists it will be a better society than England. The US system may be heading down unchartered waters with a blend of Corporatism (dominant force), socialism, and capitalism. We're headed for a strongly divided nation that may...

It sounds like you're saying if there isn't a target or a time the system quits - i.e. a stop or target hit, the system will be wiped out. If that's what you're saying it has no meaning because if you set a target and a stop at, lets say 4 points target and 2 points loss your win/loss ratio...

Ya see, that's the thing. In the US someone from the slums can become a millionaire. Granted, the odds are heavily stacked against that, compared to someone living in suburbia but it can happen. In a communist society the government basically controls everything so there's no incentive to...

Obama has this solved by encouraging everyone to go to college and get a "degree." LOL. So the US will be enslaved by China and by crushing debt. Imagine trying to pay those $400/month payments on $100 per month. Sounds tuff.

I once ran a Beta trading room and a lot of the time was spent doing nothing. The natives because very restless. Your down time is the most important time in this profession but very few realize that. They want to be in the market getting a piece of the action. Very few have the patience to...

If there's ever an oppressive government.....China has what? 1.x Billion people? What a gathering that could be. Over throwing oppressive governments is in vogue at the moment.

This is true and I rent from Redbox all the time but as S2007S noted, this will be a dinosaur business model in a few years. RB will be going bye-bye.