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Not true at all. I've taken classes at our local college and many of them have been harder than 4-year university classes. 18 kids who spend their first 2 years at their local college are smart to avoid being saddled with 100k of debt at the age of 22. What a sad way to start your life.

Nice post. I agree with everything except the last sentence. Unfortunately, most voters DO know this and this is the reason Obama will be re-elected.

Not likely to happen as there is a reason for pain and suffering. Best to pray for the will to live a healthy lifestyle.

I will concede that in the eyes of the public FB has a bit of a black eye but time will heal this wound. There is a day in the future when FB will be trading above $38 per share and all will be forgotten. And their initial offering of $38 is low, relative to, say....GOOG's IPO back in the day...

Why is this a debacle? This is a homerun for FB! They managed to issue equity shares at what? 40 bucks per share and now it's down to 18-ish. That sounds like brilliance to me. The company sold shares worth 18 bucks for 40 bucks. Companies want to issue shares as high as possible to...

Good post!

If you're talking about MSFT's Flight Simulator game, that game rocks. I've been playing that since Windows 3.1. It's pretty realistic. I've never flown an actual plane but I've been in a 737 simulator. Cruising altitude is a breeze. It's the landing that's tuff. I killed all souls on...

Precisely! You can run any type of Monte Carol simulation, put it along side an actual stock chart, and ask someone to pick out the randomly generated chart vs the real chart and they would not be able to tell the difference. We had an exercise just like this in the MS program on the bond...

If you were inclined to take the time to explore what I wrote I think you'd have a change of heart. If what you are doing that is completely contrary to what I wrote and it's generating profits for you then more power to you. There is no "one" way trade. Each has to find his own way.

Pretty simply, the study of past performance to predict (hate that word) the probable direction of future price movements. All types of analysis generally do the same thing but certain aspects of different types of analysis set them apart from TA. IMO...the biggest flaw with TA is it leads a...

There are two things that led to my turning point and I list these in no order of importance because I don't know which is more important. 1. I learned how to think like a trader. 2. I trained myself in the tools the best traders in the world use. I post this link, not because I studied...

I hope you don't mind my chiming in briefly but, no. One piece of data - if that's what you meant - is of no use. Whether your method of analysis is fundamental, statistical, economic, and so on, all we're doing is analysis a time series, which requires an almost infinite amount of data. Pick...

My brief story about trading...I began studying TA and made a lot of money at first and then lost it all, went to school to get a degree in quantitative finance, all the while trading here and there. Got a job trading prop -- did quite well then moved onto my own gig. What tools do I use...

Of course it's manipulated. The Fed money spicket wide open. A bull market will almost always rise on light volume, compared to a bear market. People get complacent and there's no fear. Fear = volume. The market will continue to rise into the election and then after that it will probably...

I would agree but I would add one more word....price <b>movement.</b>

Surf, You can type til your fingers bleed and the vast majority of ET will proclaim what I great book Edwards and Magee is. It actually is a terrific book but do the strategies in the book lead to profitability? Umm...no. To the best of my recollection here is what I recently wrote to a...

Bravo Surf! You have summed it up in as few words as possible. You are precisely on point!

Any type of analysis, in and of itself, will not work. I've watched many traders try to make it in the markets over several decades and the ones who succeed -- the very few -- have an innate ability to read the markets. The closest thing to the holy grail is the ability to read price action...

Ummm...LOL, what would you expect from ET or any other board that doesn't require a shred of knowledge to get banging on a keyboard :D.

I know a few who have done just that so if I know a few it means there are plenty who do this very thing :). Good point!