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Show me a guy with absolute conviction in a trade, and ill show you a guy who is not a trader. This is all about probabilities, not conviction. Today favored the longs by a decent margin, but its still pretty easy to be wrong even if you know you have a 60% probability of being right...

Ooooooh, lets say about 2 billion backtests, is my rationale. I said today would be an up day. You could have bought at the open, sold at the close and made good money. I didnt make an predictions beyond that. I have no issues with shorting the 2nd fall, but were not there yet and it wasnt...

Ummm, maybe because there is no rational reason to do so? I hadnt seen a single good rationale for anyone going short the next day after a drop like that, which often puts things into oversold territory. Its usually better to go long after a sell off like that, but not always.

insert: "damn it short tomorrow as well" I said no way, and gave many examples of rallies after sell off days like this in recent past. I TOLD YOU SO. IT WAS TOO LATE TO SHORT! OWNED

From open to close SPY dropped 225 pts. Lets see, only 9 days ago, it dropped a similar 250 pts, and rallied almost 250 pts over the next two days. So yeah, it was too late to short then, and could be too late to short now. The prev big drop was on 5/24 and the next day was UP...

Dont care either way, I wont be trading that kind of move, but I wager the bargain hunters move in tomorrow and rip some shorts a new one. Going short this late = bad idea most of the time.

+6G's today, a good day

Why wouldnt she? Its a perfectly FAIR arrangement. She has no room to argue on the fairness aspect. "...but as most things risks are usually comensurate with the rewards" Are you trying to imply there are greator rewards with marriage? You are mistaken my friend go read the wives and...

HA, my buddy who works for a huge IT firm was recently telling me about one of the huge projects they outsourced to bangalore. They started with 20 indian guys, they werent getting the job done, so they expanded to 30,50, now they have 200 guys in india working on the project :eek: They...

I have a better idea. Give up the marriage and kids idea instead, get a real job and party it up while your young. http://www.nomarriage.com You gotta be stupid to get married these days

"It can be argued" does not equal FACT. How do you know those men would not have ended up as successful or even more successful? You dont. Its not proveable. Now let me give you a fact. Guys who get divorced tend to get raped in court and their assets obliterated. Kinda evens things out...

Correlation is not causation. Marriage destroys the fortunes of men more than anything else. Doesnt sound very beneficial to me.

+800 today. Shit day, was +4000, gave too much back.

People are finally starting to notice the inflation. Rates just blew thru 6.3% Coupled with tightening loan practices, its no wonder prices keep going down. Look at this chart of interest rates in the last 3 months. OUCHIE to the people with ARMS.

They arleady stated that the percentage increases were in fact, still valid. Yes thats significant. Thats huge. I laughed the other day when I saw a tiny little 1 bd/ 1 bath home for sale in san diego for 430K When I saw another house, 1 block away for 460K which had 3 bedrooms and 2...

LOLOLOLOLOLOLOL a prodigy!!!!!!

Poker > trading, for most people. At least with poker, its a known fact, that if you master the rules and stick to them, you will make money in poker. In trading, you may never, ever, find the rules, and they are always changing. Kiss that 60G's goodbye, because you will probably never...

The dem-rats and re-pubic-lans hold total power. They will never allow a third party to challenge them. So the question is, how do we change the system? I just dont see it happening. Whenever someone thinks about voting for a third party, everyone starts screaming that your throwing...

Imagine the government pitching the idea of "socialized food". Thats right, socialized food. No longer will people be stuck buying their own food, the GOVERNMENT will by food for you! After all, lots of really poor people have a hard time buying food, so to be fair, were just going to...

Just wait until they stuff socialized healthcare down our throats. Even more money wasted, and there is no going back. Once the government gets its teeth into your jugular, they will never let go. We will always be stuck with socialized healthcare, where people making a decent living pay...