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Actually, no .. not "everyone" is in a sour mood .. shorts aren't!

Trading is my only source of income. Married, no kids of my own but she has 2. Mortgage is paid off .. that was one debt I didn't want hanging over my head when I went full time back in 1996.

I've been full time for 9+ years ... left my engineering job in early 1996. Saw lots of people blow out in the late 90's .. yeah, before the market tanked. So many people would chase the high flyers and then stubbornly refuse to admit their mistake and not sell. Small losses turned into...

Well, if you've paid off the mortgage, kids are out of the house, no debt then $50K from trading can get you by. But to say you need $300K to make it worthwhile is a bit off the wall. You can't easily put a price tag on the freedom that comes with trading. I'm happy making LESS $$ trading...

Why short? Because it's 1/2 of the playing field. Anyone who's a serious trader that doesn't play BOTH sides of the market severely limits themself in terms of what they can make. Do you think Tiger Woods goes out onto the golf course carrying just 1/2 of the clubs allowed?

I do this for a living and have 3 degrees ... BBA and 2 MS ... I got tired of the corporate grind ... I "think" I have a mind ... and I actually enjoy trading for a living ... one of the most challenging things I've ever done ... and the way I trade today in 2005 is a lot different than how I...

It does seem logical to me .. as traders fail new ones enter the market. It's no different than someone opening a small business where the failure rate is 80+%. As restaurants fail to operate profitably there's always new people out there that think they have a way to make it work. But the...

Rates are 0.005 after first 500 shares ... 0.01 on the first 500 isn't a big deal ... 8-10 years ago you'd pay a min of $25 for a trade of any size plus ECN fees tacked on. http://www.mbtrading.com/ratesStocks.asp

I saw a lot more wanna be traders rushing in to trade back in 1997-2000 than today. Brokerage firms have not done much more than roll out more services at lower costs, not much different than a lot of technological innovations. PC's cost an arm and leg 15 years ago .. as the technology matured...

And if your losses had been gains I'm sure you'd want to also not be liable for them .. you'd want to give the profits to E*Trade, right? When you saw the extra $7K in your account why didn't you call or email E*Trade to find out what was going on? Sounds like you chose to trade with that...

Place a limit order then you'll not be screwed out of a penny or two (as you state). And they are obligated to display it. Alternatively, trade through a direct access firm.

Right, and if we didn't have all the excess in the military, we'd have much lower taxes. If you want to apply your thinking to the markets look closer to home .. and by the way, I worked as a consultant at one time to the military and know how much waste exists. What exists in the military makes...

How is it that there are lots of players playing in tournaments week in and week out that can't perform at the level of Tiger Woods or Vijay Singh? Plenty og guys don't even make it out on the PGA tour, many are relegated to the minor league tours. Same in NFL, NBA, MLB, professional tennis ...

I believe money wired requires a routing number and account number. Those should be easily traceable.

Did your 300% take into account costs during the 1-2 years of holding? Mortgage, property taxes, homeowners insurance, flood insurance, condo regime fees.) can add up. I live near the ocean in SC and homeowners insurance is skyrocketing .. lots of companies are pulling out of the coastal areas...

Did you get a guarantee from your college or university that you'd be guaranteed a job and salary upon graduation prior to starting your freshman year? I doubt it ... And that's a situation where you're having someone teach you some subject matter (accounting, finance, engineering, ..) with...

Read a few books, paper trade and then go live? That's a real plan. I saw LOTS of people trying that back in the 90's who washed out quickly. I'm not advocating Brandon's seminar is good, I have no clue. But the opportunity for me 10 years ago to watch successful traders certainly helped me as...

If conditions "constantly deteriorate" (for you) why not make changes? Most business owners will adapt to changing conditions in their respective fields. If I'm a ballplayer that can consistently hit a fastball and pitchers suddenly start throwing curveballs I need to adapt and learn how to hit...

I'll never understand why people dwell on the past. It's not 1998, 1999 or whenever. Failure to adapt to the playing conditions of today seems to cause some traders to complain and whine. If they'd spend their time time looking into alternate methods of trading, instead of talking about the...

I have some appreciation for the "joker". I took a course from him back in 1996 and found some of his approaches quite helpful. And 9 years later I'm still trading for a living ... he isn't the answer to all facets of trading but one needs to understand what they can take away from different...