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Wanna distract the feeble minded liberals of this country so that they don't pay attention to real issues? Simply plant a story of "racism" in the media. Works every time.

I don't even consider Donald Sterling racist and I'm black. He simply didn't want his mistress bringing black men to games and I don't fault him for that. Why? Just take a look at any woman who begins to associate with degenerate black men. She eventually turns trashy. IE: Miley Cyrus. I...

You don't even need a degree to be a successful trader. There's so much free information available online that if you're going to school to become a trader, you're wasting your time.

That's the solution that people have been recommending since the 1700's. Why hasn't the U.S. picked up on it...outside of Abraham Lincoln? I have no clue.

I'm curious to get some other trader's take on this. I'd like to know how some of you allocate your trading profits. In my case, I work a full-time job, so I'm not dependent on my trading profits for living expenses. I usually reinvest any profits and build my capital. At some point, however...

Trading, as we discuss it in on this site, is for pure profit. Whereas investing, as Kiyosaki is describing, is for long-term capital growth.

Sounds like the claim made by goldbugs who listened to guys like Peter Schiff and other Austrian economists...and lost their shirt as a result.

It's always a scam when one loses money.

I think that's the fallacy with those who try to explain the economy today. A lot of them seem to think that the money supply alone is what determines inflation or deflation. I think we've gotta reach that overheating point before the large money supply becomes a problem.

You aren't gonna like this answer but those are all subjective questions that no one can really answer for you. It depends on your tolerance for risk, your lifestyle, mental state, etc.

What are some of you all's recommendations on audiobooks pertaining to trading, finance, economics, biographies of financiers, etc? I work pretty long hours on my job (10-12 hrs a day)....desktop at a bank. I currently have my list of audios but I'd like to get a fresh new batch of material to...

Why even waste your time compiling such a study or demographic? Is it for the purpose of discouraging others to try their hand at day trading?

I saw a documentary about this a couple of years ago. A lot of businesses were discussing how the BBB was strong-arming them into paying big money for a high rating or otherwise, they'd give them a low rating.

I've always wondered how exactly do markets change. I've analyzed price charts from centuries ago and they all look damn near identical.

Looks like a down move would be the more probable move.

Well, most of what we think is money is actually credit. When credit contracts, money *disappears* in that sense. But actual money, I agree, isn't lost but just transferred.

Discretionary.

I wouldn't say big bucks but I did manage to short Crude Oil at around 103 on the April 22 and closed the position Thursday at around 99.8. I was also short Orange Juice starting on the 25th of April and closed the position also on Thursday. Not big bucks but more money than I make on my job...

No need for hindsight charts when one can spot S&R in real-time. But maybe it's easier for me to do it since I trade off the daily charts instead of day trading.

Overrated as in one doesn't understand it so they make the claim that it doesn't work.