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Point well taken, and very true. But that doesn't mean there's no place for bears in the markets. Bears are ultimately wrong because all of humanity in recorded history has improved through the ages. So it's not healthy to be a perma-bear. But if one is savvy enough to identify a...

You are literally better off playing the 65% play at the roulette tables. Take $4k out of your $40k, pick two of the 3-to-1 payout areas placing $2k in each... and hope you get the 65% luck. You'll lose one of the $2k bets, but the other one wins $4k..... giving you $2k net profit. Why...

Hehe... I'd hate to be the one married to a wife that said "buy GOOG" when it was well under 200 but didnt, and then called her crazy for suggesting it. Talk about the dog house...

If I was a pro ball player (pick any ball), there wouldn't be any discussion of this kind of topic.... ...yet what do they ACTUALLY contribute to the betterment of society besides providing entertainment for a few years and retiring with tons of $$ many traders would never seee in their...

You're still young, plenty of time on your side. Work a day job for 3-5 years and live well below your means. Go rent a studio apartment, get a futon, etc. Put any extra savings into as much gold/silver coins as you can. Save up until you at least have well over $10k to trade with.

Anyone who has the nerve to say it's easy hasn't been around longer than 5-7 years, tops. Of all the great speculators who ever lived since the 1800's, not ONE has ever said this business was easy. The public is too brash, too arrogant, just too many participating in the markets overall, no...

This is a fact: Speculation is the hardest business there is on the planet. Only a fraction of a fraction of a fraction of a percent of the population can do it successfully on a long term basis.. much less for a full career. Saying to someone "JUST DONT DO IT" is actually the correct call...

No unfortunately. It's not just my opinion either, it's a cold hard fact. And if you'll allow me to be blunt.... you don't have enough capital to make a serious attempt, unless this is just for fun or a hobby on the side, or maybe to just pad your biweekly paychecks.

Experience. Period. It's always good to read and study the books, but you gotta do it while you actually trade too. The irony is... you will need experience losing and getting wiped out. You have to learn what NOT to do in order to see what you SHOULD be doing. There's no getting around...

Lots of comments in these forums biased to discourage rather than encourage. Reflecting on my own life, I've actually climbed everyone else's "wall of worry." Here's a few tidbits: - "Dont go straight into a university, go to a community college first... its cheaper, easier, etc, etc" -...

millions?!! I read somewhere recently that the majority of americans couldn't scrap together $5000 in cash at a moments notice. Not surprising since the avg savings rate is 0% or less. If I had more than a million in liquid cash, I wouldnt even be trading. I'd literally live off the interest...

I finished with an MSEE degree and trying to work my way to trade independently. Having a day job for a couple of years has definintely helped... not worrying about steady income, being able to accept losses easily since you know another paycheck is coming in 2 weeks, etc. But working for...

risktaker, Sorry, maybe I should've beeen more clear about myself. I'm a new member here and am just trying to get a feel for the audience before i start getting more personal. But yes.... I HAVE been trading..... I HAVE been making profits (no such thing as consistent in trading...

Yes, I understsand what you're saying. No one should even consider trading unless they have a solid foundation. For the record, I think I've built a pretty darn good one over the last few years since graduating as an engineer. I've been trading since '99 (learned the hardest lessons early thank...

Last time I asked about health/life insurance. That's easier to manage since insurance companies dont really care about your job status as long as you can pay their monthly premiums, period. But what about things like renting, bank loans, credit card applications, etc. Things that actually...

You obviously haven't been around this game long enough. And being humbled doesn't mean getting your ass kicked. In this context, we're just saying that being humble means knowing that the market is bigger than you... and it can crush anyone who doesn't repect it.

All I know is that the successful traders are usually the quiet ones, who attribute their successes to being lucky. It's the ones who talk endlessly about their trades that I avoid. Being humble in the market says a lot.

Do you guys find that you are in full control of your emotions when in a casino? Even after a prolonged losing streak. In my experience since trading for a couple years, it's so easy for me to walk out of a casino win or lose. Fear and greed have been tamed through trading. You see that the...

Even scalpers have no good enough reason to be trading during the last 10 minutes of an options expiration day. The swings will tear anyone's head off.

I think it's humorous how traders act after they've had a winning streak, or are in the middle of one.