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sorry to post this reply here, and "belabor the point", but just to show that, deep down, what a reasonable guy i am, i want to say yes, you are right. i stand corrected. freakin unbelievable how all this time i failed to see that ! (and it is so obvious too! idiot! :))

aphie, stocks not being a ZSG doesn't imply that everyone will be, or everyone can be, a winner. i would advise you to read again the descriptions of the stockmarket that preclude it from being a ZSG, rather than rashly posting in defence of your assertion that it is.

Now, we get to a level of science where the world is "fuzzy and indeterminate -- ruled by probabilities and not absolutes." This is precisely coming full circle back into various realms of "mysticism." i don't think that's a reasonable conclusion to reach. we simply have a new...

well tampa, that good old trend is indeed only your friend until it ends, isn't it! :) i can see exactly what you were trying to do with those two trades. imo, the 2:20 was definitely worth taking, and i guess you can hardly be blamed for taking a punt on the second. however i really don't...

now that is just not true at all. value is created by mankind, therefore your gain is not necessarily someone else's loss. ( i trust you don't feel that you've "lost" money when you buy a loaf of bread do you?)

darkhorse, in typical fashion, is unnecessarily complicating matters. sure everything, at some level, is connected, but in order to be able to succinctly and coherently discuss a certain subject we need to arbritrarily draw the line at some point as to what is relevant. otherwise we'd have to...

except the people that initially sold the stock.. (and that would only permanently be true if the company ceased to exist..)

i disagree again. EVERY loss is NOT due to a mistake. i have setups that i recognise, and enter a trade based on that. the trade goes against me by my predetermined risk, and i get out. that is a mistake? only if i am trying to never have a loss... of course, we can get into a...

come on cubano, you're better than that. it simply means that the stockmarket isn't a zero sum game, not that nobody ever loses...

aphie, wealth is indeed "magically" (if you like) created every time someone starts a business (creates "value"). that's one of the great achievements of mankind (the creation of wealth) that has helped us create the kind of world we live in today.

nice points vvv (kind of). i'm not gonna bother with a point by point rebuttal. just curious as to why you're posting them on a thread which doesn't really aim to discuss any of them. (i'm giving you the benefit of the doubt that you're not just a crazed liberal like TigerO) if it's...

even though everything that needs to be said about this has been - ie, stocks aren't zero sum, futures are (ignoring commish) - i can see this thread going on for pointless page after page..

if that infamous 90% do in fact unanimously choose to trade shorter time frames (which could mean a thousand different things, but i'll assume you are referring to 1min charts), then your statement that the reason johnny fails is because he attempts to trade these time frames might gain more...

AA - then i guess you wouldn't care that i DO NOT take them personally. care very very little indeed about them. BB - not every loss is due to a "mistake". then again, you and i, if i remember correctly from reading your posts, trade very differently. i am a daytrader, you take a long...

max, although i generally enjoy your posts (some might call me crazy!:)) i think it's very bad etiquette to publicly air private messages (and i know you didn't divulge everything that was said). then again, given my behaviour on these boards, it's not really fair for me to be admonishing...

ok, well i have "documented studies" also that put the figure squarely at 80% over 5 years, so obviously one of us is looking at the wrong figures. i'll bite the bullet on this one. (still, i can't help thinking 90% in ONE year is astronomically high. it's only ONE YEAR for cryin' out loud...

max, lol. ever consider being a PI? seem to have a natural inclination for it... :)

this is what i've found too. although i still look at candles sometimes too, but only black and white candles. colored candles tend to illicit more of an emotional response from me.

lol. "debase the coinage of deceit". there's one to add to my list...

old trader, i like your post, but there are just a couple of little thing i'd like to mention. saying that the movements displayed on a 1min chart have no rhyme or reason to them is just plain wrong. and there is a big difference between 1 and 2 ES points, if you ask me. profits of 1...