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We are already becoming a socialist country although, some individuals turn a blind eye to it!!! The politicians to trolley for votes are all for it as long as they get elected, get their fat salaries and lifetime pensions to boot!!! Our senators and congressman has guaranteed their fat pensions...

>>ok, there's a penny stock [$3] that I believe has the potential of rising 5x in the next 1-2 years. My net worth is, say 100k, and I'm willing to risk 10%, or 10k, in this investment. I feel my risk in this stock is 50%, if all goes bad. So, am I correct, to invest $20,000, or 6,666...

Iran is a different animal from Iraq. Iran knows it has the US by the balls and it knows it!!! Iran supplies a significant portion of our oil supplies----if they just reduce the amount of oil the US is able to buy from them or even stop it, it would be like a tsunami hitting the US economy...

Having attended a number of seminars since, April 2005----I can say that not every one is the same as far as value is concerned. Some seminars are worthless, some will give you ideas to use and profit from. In the last Traders Expo in Vegas last December 2005, I like Oliver Velez because I...

What you forget to mention is NAFTA which Clinton promoted. Don't agree with G.W. Bush's continuation of such policies which resulted in the loss of millions of the best jobs in the United States. However, let us put the blame where it belongs. For all the bravado of the largest labor unions...

Swheat, Don't want to seem dumb but, what exactly is "a philosophy of modern portfolio management?" What does that mean? Is that a style or method of investing that can easily be learned? Would appreciate a response. Thanks.

At the very least, the Securities and Exchange Commission should look into it. Specifically, on the insider trading aspect of it. Not defending Biovail or its Chairman. Missing earnings will make a stock go down but, using insider information crosses the line!!! There is not much small...

This was about Biovail, Camelback (research firm) and SAC (hedge fund). According to 60 minutes, analysts at Camelback were pressured by SAC to write unfavorable reports about Biovail. The Chairman of Biovail in turned sued SAC and Camelback. Camelback fired their analysts afterwards. I believe...

>>>All politicians,wealthy people should be put without food for 1 week, I am pretty sure that would realize that it's a crime not to share when you have too much money....<<< You forgot the rich actors/actress and show biz people who say government must do more for this and that cause. You...

Frege, Nicolas Darvas uses consolidation and breakouts to trade. This is also technical analysis in of itself. His presentation is slightly different but, if you look at a stock chart with consolidations and breakouts----it is essentially the same!!! Not slamming anyone----just sharing an...

I think it is an educational package they are selling. Don't remember the amount. They usually offer a discount to regular price. I think it may be $150 (discounted) for the package. Didn't fork over the money for it. Bought some more books and DVDs to study at home instead. You can pretty...

Our huge appetite for oil is making us more and more dependent on the Middle East which could have severe consequences when that oil supply is disrupted by events beyond our control like sabotage, wars, etc. Islamic radicals are what they are not because of the oil but, because they believe...

Have read a couple of Nostradamus books and the doomsday scenario goes like this: A triumvirate of Arab powers attacks Israel with nuclear weapons. They kill 2/3 of the population of Israel. The surviving 1/3 launches their nuclear weapons against the aggressors and annihilates them!!! Don't...

I believe you can teach anyone to trade but, each of us has his or her bias to start with. Each person also "will not" expend the same energy to learn all they can about the market. A number will trade even before they are ready and commit large sums on a couple of trades. I had a friend you...

murray t turtle, I cannot but, agree on blowing out accounts. My friend blew out most of a $380 K account due to some boneheaded trades (large ones too!!!). She was less prepared for trading stocks and options than I was but, she had too much courage---the foolish kind!!! Told her to put...

Just trying to figure out how long it takes to really master trading so that, one is profitable enough to make a living out of it!!! Thank you everyone for your input. I also wish everyone success in your trades. I am continuing to study as I feel that I have a lot to learn still.

reno4nook, Thanks for the post. It is interesting that a lot of people looked at this thread yet, nary a post. Not asking for anyone's trading systems or techniques but, just trying to get a straight answer on how long it takes to be a "professional" trader. One year, 2 years, 10...

Cashmoney69, I used to be one of those traders. Having a degree in accounting, I had a bias towards the financial statements of companies. That is what I used to trade. We also saw the accounting scandals of the 90's so, there goes the fundamental analysis. If you cannot rely on the...

My two last trades were dummy trades. Both, turned into losers immediately. Hindsight is always 100% but, my mistake being entering in between a trend (down in this case) and I bought calls on ATI DJ (ATI) and XTO EI (XTO). On the plus side, my options still had a lot of time to expiration...

Just need experiences from the successful traders on these boards. How long did it take you to master trading, that is being able to pull substantial amounts of money out of the market year in and year out? Thank you for your time.