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Why on earth would you lock money away for 5 years at 5%.....that is a foolish trade, especially since you can get 4% in a money market, and not have that lock up period. Then you switch it over to the market to capture the year end rally and collect 12 pts, then another 3 in interest the rest...

Of course the card counter believes he will win, otherwise, he wouldn't sit down to play the game. Never underestimate the power of belief, folks. While belief alone won't ensure your success, it is certainly an important cornerstone. I'll go one step further, belief is the first component...

Where are you collecting 5% interest? The best play is to invest until you have a comfortable income, why accept mediocre 5% returns on your money when they're are so many options out there for making good returns. A combination of strategies and markets offer the best risk/reward payoffs...

If a stock doesn't work.....then I fire him and look to find a suitable replacement.

I started trading with 25k, and 1 years worth of living expenses. I lost half my account before I turned it around and started to make money, it took 3 months to lose that much, then I made it back within 1 1/2 months. I have had a few set backs along the way but I have always persevered. I...

We read the NYSE open book. It's very difficult reading, and newcomers are encouraged to "write down the big words and look them up after the market closes!"

Here's the best advice you'll ever get....don't take any advice on trading from anyone who is making less than 100k year FROM TRADING!

Some firms, though not many these days, will reqire your to keep your initial deposit with them for one year before you can withdraw it. Don has been pounding this drum for years....insisting that all other firms are going under soon. (about two years ago he cited some accounting rule...

NICE....FUCKING NICE.......Risk someone else's money when you have no clue WTF you are doing, and are most likely to lose their money in the process. What firm do you work for?

I have one, it trades strictly on price, and works fantastic...the strategy has taken several years to develop but it works none the less. My suggestion is that you keep researching, when you do find it it makes all the frustration and hard work, worthwhile.

As a fellow pair trader, I appreciate your point of view, but you are better off taking a second on your home, taking an advance on your credit cards, or borrowing from a family friend to get your capital that you need rather than pay haircut of 12% at Bright and the higher commission rates...

W. D. GANN---This is the biggest fraud going. I knew Gann's son and promotion manager. The wild claims about W. D. are incorrect and do no match with what his son and F. B. Thatcher told me. I bought the Gann $5,000 course. It is a collection of general commentaries laced with astrology. Gann...

Running a business comes down to managing your margins. Trading is no different. You're biggest cost in this business is commissions, especially if you are trading some volume. Yes, Bright will give you all the money you want to trade, but it comes at a price, a very steep price. When you...

This month had been pretty good...overall. Today made around $1000, up around 10k so far this month(on opens), perhaps a little more. Nothing spectacular, but still good. I'm sorry for not keeping my P&L posts up to date, but I am trying to avoid ET lately, IMO, this sight has become a...

most traders can't beat the markets, most people can't beat the markets, therefore, an annuity might be a good idea for some people. Jesse livermore purchased annities, not because he expected them to beat the market, but because he knew that if all else failed he had something to fall back...

Never tried it....how often do they cycle?

If I had the call from analysts and Faber regarding pending upgrades and or mergers, I would have made a fortune, and would continue to make a fortune. BTW I don't hate cramer....I just think he's a lousy trader.

If execution costs make the difference in his strategy, the difference between making money and not making money, then I am not sure he has found an exploitable edge. Given the capital constraints he has listed.

Why would you lose money trading 100 shares, but make money trading 1000 shares. Slippage on the 1000 shares, depending on the stocks you are trading, could be as much as 30 cents. What am I missing?

I say add a fourth option, that is vary your bets according to your expectation on the trade. I have a strategy I trade that has never had two losers in a row. So when I have a loser, I will trade about 3X my normal size. Does that mean it can't have two losers in a row? NOPE, but I am...