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I have to take the Series 56. That is not an option. Believe me, if I could take the 7, 55, 52, 63, 846, or -5.56364 I would. I just want to make the material more concise instead of spending hundreds of hours learning everything in the Pass Perfect.

I was under the impression that the only correct way to trade was the Jack Hershey Method.

I'm a new trader, but I'm very frustrated by the Series 56 material. The Pass Perfect is 400 pages of which maybe 200 is content, where I could probably read and come up with 25+ facts per page. I have no clue how to decipher what I need to know and what I don't need to know. I have to read each...

I'm not denying Christie has done good things in New Jersey, but I don't think he'd be a good president. If you're not going to be a good president, then you shouldn't be VP either. I think it's important that the president treats other people with respect. If he doesn't I think it sets a bad...

This guy is a classless bully. He has absolutely no concept of the Golden Rule. All he had to say was, I'm not answering that, because it's off topic. Instead he degrades person and unnecessarily calls him an idiot at the end. He has no manners whatsoever. He helps fuel the stereotype that New...

I look at trading as professional gambling with the added benefit of providing liquidity for long term investors. I just want to be the casino when I trade. That said, everybody gambles everyday. Every time you take a ride in your car you are betting that a tree won't come crashing down on...

I'm with a firm now. I don't get a salary, but the capital contribution is really low. So far I really like the firm and it's exceeded my expectations. If it doesn't work out at least I have experience although I'm very optimistic that it will. The only thing I don't like is that I have to pass...

Thanks. What would people recommend for a complete noob? I have the CBOE book and Pass Perfect. I could obviously spend months trying to remember everything that's in them. I hear that the options section in Pass Perfect is overkill and it's almost 200 pages. I was thinking of memorizing...

I agree that selection bias is wrong. However, one of the ideas behind technical analysis, is that people are irrational so they respond with how the market is responding. If something is getting sold, they sell in fear that it will continue dropping and buy when it is rising, because of greed...

I did mean "if, and only if". I define TA as a study. Specifically I mean the study of price movements based on the previous prices. So if price dependence does exist we can use TA to get more information.

TA does hold if price movement is dependent. It's an if or only if situation.

Denying the antecedent, sometimes also called inverse error, is a formal fallacy, committed by reasoning in the form: If P, then Q. Not P. Therefore, not Q. Specifically what are you interpreting as P and what are you saying is Q? Let me be very clear as to how I see TA: 1. TA's general...

I don't know what so smart is, but in the IQ sense I think I'm above average. However, I highly doubt I'm a genius. Lots of people have a quicker and stronger working memory than me. There's people who can remember everything by visualizing things into shapes at birth. That is not natural for...

Correct me if I'm wrong, but I see TA as the study of the next price movement. The general theory I get from TA is that the next price movement is not independent, but partially dependent on the previous price movements. So for someone to say TA is crap it means that they believe the next price...

I try to judge each post independently. I got some good PMs and there are a few good posts here. The subject matter we're discussing is so complex that I'm pretty sure nobody actually has an exact solution to these questions. I expected the answers to be heavily intuitive. However, I was hoping...

I get a lot of good PMs. Too bad a lot of people don't post like they PM. They have to act tough and pretend like they've got it all figured out. Intellectual discussion not necessary, everything should be taken as solid gold. I find it funny when people post like they've got it all figured out...

I know how they responded and it's something I have to consider when posting anything that could be considered as an attack on the poster. I don't start off that way, but I admit that after a while it does become an attack, not because I think that they are stupid, but because I believe they...

I'm not sure I get your post. Why can't my intellectual range be between smart and very dumb? I'm not particularly interested in proving myself to anybody on the internet. If somebody posts something that doesn't make sense to me I try to give them a chance for them to prove to me that it is...

My bad, I totally misread that. I have to be critical of myself. This is proof that I can make errors.

This is the Wikipedia Summary of the book: Summary In the first half of the book, Berne introduces transactional analysis as a way of interpreting social interactions. He describes three roles or ego states, known as the Parent, the Adult, and the Child, and postulates that many negative...