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this is absolutely correct, but most losing traders on ET will never admit it. longterm, the stock market builds wealth. there has never been any 20 yr period in history where dollar cost averaging into a wide variety of stocks (such as the wilshire or its equivalent) would not have given...

seems like most great thoughts have been said before sounds a lot like Yeats from "the second coming". if not the best poem ever written, it's among them. "The best lack all conviction, while the worst Are full of passionate intensity." TURNING and turning in the widening gyre The...

considering everybody and their mama is calling for a correction, i hardly think it will startle everyone.

i've owned it since 2004. love the company, the stock, etc. i hasn't done as well as HANS did for me (400%) but i am willing to give it time

genius intelligence is neither sufficient nor necessary for trading success. just ask any brokerage. some of the WORST clients are PhD types, MD's etc. this is primarily because very smart people tend to be too sure of themselves. trading means (among other things) admitting you are wrong...

if u want to see an example of a forced liquidation, look at that massive selloff we had in crude a few months back. "word on the street" is that hedgies (many of them) were totally wiped out and it was capitulation selling, forced liquidation, margin calls, etc. - the whole works. and the...

"In this environment you might as well ignore all you indicators and just focus on price swing highs and lows, turn off you MACD,RSI,STOCH" imo and ime in all environments, when daytrading futures, you should ignore these lagging indicators. they are a sucker's play custom made for retail...

"dont feel bad. in the end its just a zero sum game anyway . " in the case of equities, that is false. not a zero sum game

i've found bear spreads very effective when held for about a week, based on a # of factors I look at. They've offered tidy little returns every single time I bought them (n=6). In essence, you have to wait for complete euphoria to kick in, then they get reasonably priced.

thx. fwiw, the most cost effective and least risky way to short the index in general (apart from index futures which i scalp long and short intraday) is bear spreads. especially when the VIX gets down low, the premium gets pretty cheap, and the spreads offer a cost effective way of getting...

a bull market can only have one final top it can have (and has had) dozens of pullbacks my point isn't that you can't strategically scalp off of exhaustion highs but that it's stupid, low expectancy, and poor strategy to try to predict the top, or a 800 pt drop!! :) that's not...

these kind of people are liquidity providers. they are exactly the reason why i can make a living in the futures cause ignoramuses will trade their opinions, try to constantly short the tops (in a bull market) and engage their idiocy on a daily basis.

murray, in re: ES vs. YM that's certainly possible. depends, to an extent on your setups the main advantage of YM is it is more cost effective due to the spread. but certainly one could have setups that work better on one than the other based on extensive testing, YM has better...

yes, that is another reason to prefer YM over ES that ridiculous ES spread. why people scalp ES when they could scalp the YM is beyond me. at least SPY has a decent spread spread on ES sux but as long as people trade it, what incentive do they have to change it? fwiw, the pit S&P...

if you are scalping, ES is far superior (but YM is superior to both) ES has MUCH better liquidity and much better fills than spy, especially considering SPY does not have "perfect" short/long fills whereas futures do (futures were designed as a zero sum market for hedging after all) i...

jd, i totally agree about limiting losses. professional mindset and extreme discipline are very important i have found that teaching has IMPROVED my trading, but that is a way we are different 90% of futures traders lose money they provide the liquidity that gives us a living

heck, i had a much bigger gain in DNDN i owned it from mid 4's, and it had a much larger one day gain than this guys stock so what? UNFORTUNATELY, i sold 2/3 of my stake at 5.22 before the halt (cause that was where my first limit order was set) but judging a trader by ONE trade is...

i do both longterm, on average, far more wealth has been built via investing than trading i trade for a living (income), but i invest to build wealth investing allows you to OWN pieces of the greatest companies and ideas known to man i filter money into investments, like clockwork ...

it depends on the stock on very liquid stocks, limit orders get filled fine with odd # of shares

"You ain't gonna get rich trading buffet style. Unless of course you already have a few million before you start trading/investing." get a clue. i said i check on buffet when INVESTING it has nothing to do with TRADING note the difference i TRADE index futures, duh heck...