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The myth is as below. 1. Gain can be controlled or planned in advanced, meaning that an x percentage of return can be objectively set to achieve. 2. Loss cannot be planned. No point here to plan such thing since the reason why we're in the market is to make money, not to lose money. Why plan...

You assumed like a bet on horse racing, each bet ($50-125) is an ALL win or loss. :D He's talking about two possible scenarios for each long trade for example: - Bet all the $5000 and get out if price fell by 1.0-2.5% - Bet a portion of $5000, say $500 (10% of $5000) and get out if price...

To the OP, I'm not sure how you get the 98. Any way, we all agree that the real number is something around that number. Let assume 98% is a mass that was responsible for driving a move. The below is reasons, that I think, responsible for failure. Unable to understand own psychology and mass...

The OP made an unfair comparison. We do not only pay for high oil price but also food prices, higher cost for vacation as a result of high oil price. Oil price does affect inflation. Would somebody drink a gallon of coffee a day? Will food prices follow if the coffee skyrocket? Chances are...

There is always be an exception. The fact is the exception list is very thin.

Completely different nature of the game. Chess is using analytical skill that can be computerized; Deep Blue as example. While trading relies mainly on emotional skill and that can't be computerized. Most engineers possess very strong analytical skill and that skill isn't worth much for trading...

The way we used to predict future CL by analyzing many data proved to be wrong too often. Why? Have a look at this finding. May we give up reasons and return back to basic then listen to our gut feeling?

Many people wish for oil to have the same fate as tulip. :D

Yes, part-time; on and off.

Me too, I was wrong on the $139 top. The reality is like this, even after a few weeks or months CL fall back far below $135. The question is were we right? The answer is no. Why? Because our account was already wiped out when oil had run upper $135 or $139 before falling back. In that case...

Nostradamus! :D

I learned by the hard way. It took me 6 years till to really understand how market works and how my weakness was responsible for my losses. To find strategy (winning method) is easier than to have a supportive behavior for that strategy. When people mentioning an EDGE, for me is something a...

Please correct me if I'm wrong on the below remarks highlighted in blue.

In the past there was no possible solution such as alternative energies, the governments alone were forced to find the solution. But now the governments seem to let it flies on its own fate with little intervention and hope the market will fix itself. China has shown some intervention by...

Anyone remember what was happened a few days or few weeks after CL had reached $39 on April 1980? I suspect it just touched the $39 and then fell back freely. But this time I feel CL keeps pushing the roof (of $139). Will the roof is strong enough????? :eek:

Funny! How irresponsible the OPEC members are! They contradict each other, Saudi said increase production while Libya said otherwise. Would UN or US have a comment on the OPEC?

Free interest money, not free money. But it will be on the prime rate only, not on our credit card and other individual loan. This guy, RS who wrote Irrational Exuberance, was two times right big on stock and housing. And therefore it's hard to completely refute his prediction about the Fed rate.

Unless it's aimed for the passengers but lots of people drive alone back and forth between home and office. With stupid law in some States that ban using cellphone while driving, why add useless feature at the cost of consumers?

There is a difference between QUIT PERMANENTLY and TAKE A BREAK to rethink what was wrong. Sometime it's worth when we give a chance to have a second chance. But one sure thing is NOT TO CONTINUE RIGHT NOW because you will use the same strategy and habit.

Before saying something as 'retarded' you must first make sure about yourself. With the API, there won't be just a website accessed from computer; it will be something like others have offered but more!!!!! And we knew how strong Google in the software industry. So have a large view, it will be...