Search results

I don't think the prior post was intended to minimize the possibility of a future decline, but rather to suggest that the bear market that everyone thought was so bad really wasn't that significant because smallcaps, midcaps, equal-weight S&P 500 are now at all-time highs and there never really...

I figured there was some cycle / EWT theory behind your viewpoint -- which was the reason I asked. If the Oct 02 wave was the end of Wave 4, what were waves 1, 2 and 3? Thanks!

Interesting point. The question then is what is the projection for the length of the long-term bull market?

is to never short a stock based solely on valuation. Even if I could short this stock (what's the rule on short-selling these days -- I always thought it had to be at least $5/share with a margin account?), I wouldn't try to fight the upward momentum that it has at least in the short-term.

It's interesting that the S&P 600 SmallCap index and the S&P 400 MidCap Index are both near all-time highs. Similarly, I believe than an equal weighted index of the stocks in the S&P 500 is at or near all-time highs as well. What does this say about the recent bear market?

Makes sense to me. If you're lonely, you can always find other outlets such as non-related hobbies, church, sports, charitable activities, etc. Heck, you can even post on elite trader once in a while!

As evidenced on this board, everyone has their own opinion on this issue. All I know is that I bought two Viewsonic 17" flat panels (VG171b) in mid-2002 and they are still doing fine. No problems with either. One of the reasons I went with the Viewsonics was the specs at the time appeared...

As I've gone through the process of becoming a better trader, I have found myself less and less interested in sharing my strategies and techniques with others. As part of this process, I also cut out newsletters and third party "opinions", etc. from my regular routine. I guess it depends on...

Anyone notice that the VIX and VXO started moving up a few days ago? What are the implications when the VIX and VXO start moving up as price is stable or advancing?

:-) Happy New Year!

I understand your other concerns, but why in the heck would you buy your girlfriend a Lexus? Call me old fashioned, but that may be a little extreme for a gift. Maybe one of the questions you have to ask yourself is why you felt the need to buy such an extravagant gift for her.

Stop feeling sorry for yourself, stop making excuses and get rid of your bad attitude. There is plenty of money to be made in the markets. Happy New Year!

How about adapting to different market conditions? The best traders adapt to changing market conditions and keep developing new ways to trade.

I've been watching the nearly-parabolic ADX move in both the Dow and S&P 500. Don't try to short this market right now -- it is like stepping in front of a speeding freight train.

If you're going to pay extra $$$ for a second account, just upgrade to TCNet. They allow you to install it on 2 computers but you're limited to only using one at a time for real-time data (but you can still use your 2nd computer for delayed data and can update it anytime while still using the...

something to the effect that the overexpansion of credit has eventually led to every society's demise. Unfortunately, I think the US is on a course for disaster and just like the Titanic, the ship is too big to turn to avoid the iceberg in time. Our political system is now based on...

It appears that your average loser is what's killing you. Are you comfortable with the trading system that you're using? Are you trading on a fully automated basis or is there discretion?Do you want to day trade or swing trade? How do you determine the trades you take? I know this...

One other thing I'd like to point out -- I would have never been good with a mentor. I'm very independent in a lot of ways and I tend to "rebel" against people telling me what to do. Accordingly, as a result it has taken me longer to get a handle on trading, but at the same time, I think I...

Great point. I've learned more from bad traders than good traders because it's easier to see what not to do. By contrast, some good traders may not benefit you because you can't trade the way they trade anyway.

I'm not a big believer in trading mentors because you have to have a mentor that shares your philosophy and trading personality. This may be difficult to find. For example, one of the posts on this thread suggested Dynamic Traders. I know some traders who really think this is good stuff. I...