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That book is so-so in my opinion. Here is a book that might interest you, it's called "How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life" (Wiley Trading)

Well you can do both, trade AND sell books, no?

No need, the system has already been backtested and is highly profitable, as described in the book. But feel free to experiment with this trading system, Gloria :)

So what? :confused: Did you at least read the book I was referring to or backtest the trading ideas, the 30-minute opening range breakout for example?

"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild. ""Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to...

The astute trader can still avoid buying at the top if he can recognize gap exhaustion patterns.

Forget about music, here is the best way to trade :D

The Compleat Day Trader by Jake Bernstein.

"I am getting my butt handed to me on a daily basis!" Watch out, after seeing the word "butt" so many times, Google will soon index Elitetrader.com as a porn website... :D

Unless the market has already moved in your favor in a big way and you are celebrating, listening to any type of music while trading (even classical music) can only add more confusion and will make you lose your focus.

Your option broker is located in the US?

That's what trading is all about indeed. When a trader buys at a certain price, he is in fact only hoping to find another sucker who would buy from him at an even higher price, before the "music" (uptrend) stops. PS: The Australian dollar is on fire tonight, check it out... :cool:

That's what happens when traders try to outsmart the market with "fundamentals analysis" B.S. Oh well, more money for us, the systematic traders.

Yes. But buy every new 52 week highs on the major US indexes (S&P 500, Dow, Nasdaq, Russelll, etc...). since 1972 and see what happens.

That's quite the opposite El Cubano. If you buy at the top (or what you believe is the top) your risk is limited because the stock (or the financial instrument you are trading) can only go to zero. On the other hand, if you sell at the "bottom" (or what you believe is the bottom) you risk...

Read "How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn" for example, it will show you numerous studies that show exactly that, among other things. Sure, any idiot can make money during an uptrend. But backtest that theory with 30 years of S&P 500 data and see for...

There is an old saying in Wall Street : "Amateurs buy 52-week high breakouts - and breakouts in general - , the pros fade them". Enough said for the time being ... :cool:

Studies show otherwise. For example buying a new 52-week high on the S&P 500 futures is a losing proposition. In fact you wouldn't believe all the nonsense most traders take for granted.

Didn't see that one either, thanks D08 :)

Thanks for the tip Zdreg, I just "borrowed" that movie from a certain well-known Swedish website ... :cool: