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who cares.. seeking approval from people you don't know is gonna make you happy in life? the only people you should even seek approval of, are family first, then friends.:D

What I have realized in the past weeks is that the market is truly random. It has been an epiphany. I dreamt about this at first. I was scared: what if the market is truly random? What if all the effort you put in can come unrewarded? I expounded on this idea and came up with the following: that...

The alternative is capitalism with the right checks like Anaconda mentions.. aka socialism.:) As for the current situation, I have a feeling it will resolve itself. A situation where rich get even more exorbitantly rich and the poor keep getting poorer always lead to social unrest. Look at...

True capitalism would mean that a company like Microsoft would give free computers away, until all computer manufacturers went bust, then they cannibalize the whole hardware market. Eventually true capitalism leads to one company controlling every aspect of life. This is exactly the opposite...

Good thing you quit the room.. I thought you were still in, but looks like you got your smarts back. :) Now use that to create a business plan. Watching charts for 6 months every for 6 hours, learning "price action" from a fellow over the internets is not a plan. What if the guy turns out to...

Buffett also mentioned he does his tax himself, thus not uses any so called "structurings". Sounds to me like a default regressive tax.

Myth: 100% tax = progressive tax. 100% tax = 100% tax, and nothing else. Myth: more productivity = always more income. This means that the CEO of Lehman Brothers was very productive to have a 400 million a year salary. Myth: the rich are disproportionally heavy taxed. Warren Buffett...

false. the government can create wealth by progressive taxing.

I would love another bubble, I don't care about the future generation. They are doomed anyway because of global warming, pollution, peak oil and religion

The European IBAN system is way better than the American routing number system because no single bank account in Europe has the same number. makes way more sense and less misplaced wires.

but price action is real-time, patterns is just technical analysis that existed since the 1900 when graham traded using them You're telling me to buy a pullback? :confused: that makes sense, but how do I make money with that how you can call price action the day before is a mystery to...

no this is price action, tape reading is watching the tape, or time and sales

Breakouts is buying on resistance and buying on support sounds better doesn't it? Yet you should always try to trade the trend. This is a catch-21.

So out of this definition follows price action is real-time. This means there are no backtests possible and you have to believe people on their words you can make money with the magical guru-technique of "watching price action" So you use technical analysis and money management to create a...

Unfortunately for the free market lovers history shows the government has more accountability than corporations. Not to mention having an accountable regulatory body on top of non-accountable private companies is very inefficient when you could have just the government company which is...

I doubt it. Price action does not exist. How can you guys define price action anyway? Any money made is random walk. Just because you think price thinks it is going somewhere does not mean it will. Face it, price action comes from a magical fairyland, unlike real technical analysis and money...

All the time I keep hearing about people trying to make money using price action, here on ET. However I have to remind you guys it is impossible to make money using price action. Price action does not predict the future, nor does it provide a risk/reward set-up. The only thing that can...

It has to do with nepotism. You scratch my back, I scratch yours. Why do you think the "Skull and Bones" network even exists?

capitalism is an utopian idea that does not reflect current human society the idea is good in theory, like communism, but has many irationalities in it because humans are irrational. you shouldn't forget that corporations didn't get invented until capitalism was already there for hundreds...