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Boy, sounds like a situation I've heard of before....

You hit the nail right on the head !

You know what they say, "those who choose to ignore history, are doomed to repeat it".

That whole show is a bit of a joke.....say and recommend whatever you want, whenever you want. I could do that too - really takes no insight or talent to speak of. The new female moderator is the biggest joke - she knows less than the rest of the brethren. Regardless of political...

Yeah, greed is a horrible thing.....add some less than intelligent behavior, and it is a real bad combo. Dykstra is/was the not brightest light, and he had excessive gambling traits. Additionally, he was playing with less than scrupulous lenders, so it sounds like he's in a heap of trouble, on...

According to our NY-based WFAN all-sports radio station, they said the other day that Dykstra went from +60 MM in net worth, to -50 MM in net worth; that is, a 110MM negative swing. Apparently, lots of bad investments, and some large unscrupulous loans, which he cannot pay back. Dysktra was...

Type "A" personaility is a compulsive personality, that you probably inherited from your parents. You need to de-stress, and do other things un-related to your trading, to take your mind off of it. Eat meals at regular times; try to get to sleep at the same time every night. Relax.

I suffered from the same. It's called Type "A" personality, and is tough to shake. There is some fine-tuning that you can do, however: - Rigorous exercise in the morning (assuming that you are physically up to it); - Get off the caffeine, as much as you can, particularly after...

NYSE Bullish % Index has gone into Bear mode as of today: http://www.elitetrader.com/vb/showthread.php?threadid=167299 I personally can't see a 50 % decline, but 12-15 % decline is in order.

The telltale longer-term bellweather index for the stock market (all NYSE stocks) just went "bear" tonight, following today's market action. For those of you who religiously follow P&F Charting, and follow this index, the tide has officially turned. See chart at...

I've been on my own for 7 years now (3 as a full-time trader - currently dormant in trading), and I could never go back....wild horses couldn't drag me back ! Once you have the freedom, it's no longer about the money.....time and flexibility is everything. I've had opportunities to go back...

I find that having a rather large bowel movement, followed by the flushing of my toilet, gets me in the appropriate trading frame of mind.

mypivots.com, which I use for my EOD and EOW values, uses (a).

Sorry, don't mean to be demeaning here, but this is a very naive approach. Like the prior poster said, try it in Sim for a month, and I bet you won't be able to do it. What happens when you get stopped out of that first trade at -2 (or whatever your stop is). Then, you will inclined to look...

Regardless of the sentiment (good or bad) about the vendor, a few of these videos are quite good. Some are extremely elementary, but some of the more advanced ones (I sampled a few) are actually pretty decent. I, for one, don't believe in the trading room philosophy - you can keep that...

I agree - we are heading into a much worsening situation. I do not agree with the Obama deficit spending policies at all, but let's not forget which administration dug us into this ditch. Just because the guy is collecting a pension, doesn't mean he is no longer culpable. Cash is king !

Yeah, agreed, a great voice of reason, and all-around likeable chap.

I don't have the crystal ball on this one, but I would venture to say that the new rules and regs that will strongly regulate the mortgage industry will have a dappening effect on the real estate market long-term. Where the average annual appreciation rate of real estate since WW II has...

I am in your camp, Papa Roach. These short-term bandaids will just delay the inevitable. I'm all for letting the house of cards totally crumble now as well. We would see major pain (probably 25 % unemployment), mass looting, people jumping off buildings, etc., BUT I think starting from zero...

Sad, but true. I totally believe this. The "stress test" results and all the positive talk of late is no more than a well-orchestrated plan to bolster morale, in an otherwise dismal situation. Anyone who thinks we are over the worst, has another guess coming.