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Not even close to 2007. First of all, the market back then was much more overvalued. I would say at current prices, we are slightly overvalued. Second, the economy back then was getting worse, now the economy is getting better. Sentiment is totally different, there was hardly any fear back...

I like Jim Rogers, and think he has good long term views, but he is a broken record. The script is pretty much always the same, bullish on commodities and China, and bearish on the US. I already know what he's going to say before he opens his mouth, because he's already said it before hundreds...

Haha. You hit the nail on the head. Most traders that know how to trade aren't looking at some message board trying to find tips and hints. ET is purely entertainment for me, as most of the opinions are useless or only effective as contrarian indicators. There are occasional good nuggets by...

If you risk just 1% per trade, you will be able to take 410K to 4 million in 20 years.... if you are good. The point is to get rich when you can enjoy it, not when you are wearing geriatric diapers. If you see a very compelling trade, that you have been awaiting for years, to bet 1% would be...

Yes, it is a dangerous path. No doubt about it. A bigger edge makes it less dangerous. But following the Kelly formula, if you have a big edge, its best to bet big in order to increase the account size at the fastest rate. After big losses, one must of course adjust bet size down with the...

What? Maybe he has a smaller edge than you think and needs to lever up to get the type of returns that he's been getting.

Most people here criticizing neke have no idea what it takes to make big money FAST. Sure, you can be conservative and eek out profits steadily but SLOWLY. It is clear that neke wants to make money FAST. In order to do that, you have to have 2 things. 1. An edge. If you have an edge, you...

Very rarely, and only if there is an extreme move up or down.

Just my opinion. 1. ES 2. ESX 3. DAX 4. CL 5. HSI 6. HHI 7. Nikkei 225 8. NG 9. ZN 10 Year T-Bond 10. TF

If you want volatility, trade GC, NG, or CL. Volatility in and of itself is not a road to riches. It is predictable volatility. And unfortunately, I don't see GC, NG, and CL as being predictably volatile. They are just flat out volatile with herky jerky random moves.

Economics is useless for trading. Rather take a course on behavioral psychology to learn how to be a better trader.

We are close to the 1150 target that many had set for the S&P 500. It should at least be a temporary lid on the momentum of this market. Also, oil and gold looks overextended on 60 minute time frames. But after chopping near these levels, we should move higher again. Earnings will beat...

The overnight market is up again, traders are ramping up the futures, especially the commodities along with the weaker dollar. Feels like the 2nd half of 2009 again. I haven't calculated the statistics, but it seems like every Monday has had a gap up for the last 10 weeks! And not just...

One of the keys to being a successful trader is to quickly identify changing conditions and adjust. That is what makes trading interesting. The markets are always changing. I am guilty like many others of not adjusting quickly to the changing market environment. In many ways, I am still in...

I agree. Its gonna be a swift selloff soon. The bulls are way too comfortable right now.

Fed funds rate is at zero. If you count dividends, the ES has to trade at a negative premium. It will start trading premium when the interest rates are high enough to overcome the dividend payout every quarter.

A horrible market. We're talking about a 1 point down move as being significant. LOL. There is no volatility out there. Wet Paint drying... I think the market is still medium term bullish because so many are still looking for that top. Once we get a decent up move, that will likely be the...

They probably bought futures. They can keep rolling them over and support the market. They don't ever need to liquidate anything. The futures they buy automatically expire every 3 months.

All I see is commodities rocketing like its 2008 again and stocks going up everyday. Oil is at 83, gold is at 1137, those would have been considered astronomical 2 years ago. Yes, 2 years ago when the economy was still doing fine. Now we've got the economy in the crapper and oil is at 83...