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ChildsPlay, Focus on understanding and observing the markets first, if you haven't had much exposure before. Speaking from my experience, I'd say that's the most important. Don't fall prey to getting-rich-quick mentality. IMO, I don't recommend starting out by daytrading...

For some reason, I can't post the chart, and I can't kill this thread. See the weekly WTW chart.

I haven't seen a stepper like that for a long time. If people could lose weight as steadily as the stock is rising,...... See attached.

I am trading--but not daytrading, and I never claim to have vast knowledge to offer. I made the post with the best of intentions to (hopefully) point people in the right direction. I never saw it as an affront to this community. And I don't understand why my comment was taken so...

If you haven't done that, try www.marketocracy.com. You might get better ideas over there. (Of course, you will have to take the alleged performance of those funds with a grain of salt.) You are probably looking at the wrong place here, since most people are short-term traders. And even...

-------------------------------------------------------------------------------- Quote from candletrader: By generating profits for ourselves, we are collectively enriching society through paying taxes, providing a good life for our families, and enabling us to be in a position to be...

Well said, Puffy. Without someone making the market, people would hesitate to invest capital to produce things of value. So it goes both ways.

You must have had a drawdown. Take it out on your dog or something. If you can't produce a good argument other than expletives, don't post. Folks like you who don't have some minimum public decency or courtesy should get off ET.

Do you mean me? Perhaps, you are right. But I have a clearer picture of the issue now than I did before I created this thread. Somewhere down the road, you'd probably raise the same question yourself: "What am I doing here sitting in front of the monitor all day long watching those squiggly...

Good post, david. The value of trading probably lies somewhere in between football/bicycle racing and gambling. (1) Sports are good for health, so it has intrinsic value. And they directly contribute to the production of bicycles, footballs, tennis rackets, which create jobs for people...

Thanks Aaron for the lead. I'll see what his arguments are. I wonder if there is anyone from the academic community that assumes the opposite (or at least a skeptical) position. If you know of anyone, let me know. stock.

That's probably too much, too strong. I don't think it's immoral. The question is whether it's fluffy, of no substantial importance to society, and whether there are better, more productive, and more constructive things to do than flipping stocks all day long? Guinness' World Records are full...

I partially agree with bungrider, chasinfla and others who maintain the liquidity argument. However, I can't help drawing the following analogy to daytraders: We put out a garage sale one time and there were people out early in the morning driving trucks to load up junk and then turn...

Isn't this what causes a lot of problems in this society? As long as it's good for me, I don't care about the consequences of my actions. That explains why this society has a 50% divorce rate, and numerous other problems.

Not necessarily, though. Arguably, the Nazi economy or a slave economy is pretty efficient. Do you want to have anything to do with either?

Ever since I started trading, I couldn't help asking myself the question: What good do daytraders do to society? What's the point of flipping stocks 30, 50 and even 100 times a day, Other than (1) engaging in a minus-sum game (ala Alexander Elder) where 85-90% of players make the other...

Thanks, smitty for offering help. But that's not what I'm looking for. I guess I'll just have to rest content with decisionpoint--at least for a while. Decisionpoint offers too much and too little. Too much in that there's a whole lot on that website which I can't possibly go through each...

Does anyone know of a site where I can download Rydex asset fund flows data? Specifically, I mean how much money goes in and out of these assets, not just price changes. I know a couple of sites that chart/provide such info. (decisionpoint, fundvision, etc.), but none where I can download...

------------------------------------------------------------------------------ I started out with 1. I then learnt some TA but not enough for me to time the market adequately. I then tried out 2. but only half-heartedly, and the market changed with ONeill's Cup & Handle breakouts failing...

I am excited for you, and do keep us posted about your progress. However, speaking from my experience, trying too hard is not necessarily a good thing. You easily get bogged down in the noises, wiggles and whipsaws, thus losing sight of the whole picture. Trading the market is...