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Rental prices are accelerating and there's very little rental inventory in many buildlings in nyc. If some dude who recently invested in a condo can no longer afford his ARM, he doesn't have to default on mortgage. he can rent it out and have renter pay his mortgage. i had a 1 bdrm rental...

brokers have one of biggest resources in trading. to be able to see what hundreds of others are doing.

i have to agree wit you. like anything, trading for a living can be taught. but disposition towards greatness is probably innate. ie kasparov, einstein, beethoven, jordan, etc.

the turtles were not selected random. they were picked from a questionaire. the answers probably indicated a disposition towards trading.

supposedly a free society, but if u own stock and stumble onto bad news from an insider, apparently you're not allowed to sell it or else risk going to jail. ie martha stewart.

well the question that arises is whether the disorders are a byproduct of trading or if great trading is attributable to certain personality traits. ie F.D.R., hemmingway, axl rose, Kurt cobain all suffered from disorders.

common disorders: 1) narcissistic personality disorder (npd) 2) meglomania 3) adult ADD 4) pathological gambling disorder 5) intermittent explosive disorder 6) domestic violence 7) bipolar disorder (manic depression) 8) paranoia 9) schizophrenia 10) persecution complex 11) slew of...

that disproves covel. trend followers buy pullbacks. therefore, covel's interpretation of momentum trading (buying highs) as definiton of trend following cannot be accepted.

if i buy a stock on a price downtick or pullback, then according to yours and covel's definition, i am not a trend follower?

you continually misinterpret trendfollowing. you clump all trend following as: CHASING PERCEIVED PRICE MOMENTUM. simply buying any stock going up does NOT define trend following. great trend followers don't fire off buys on every upticking stocks and many don't base decisions on...

trader who calls >50% correct move on entry obviously superior and outperforms the herd however, it seems that the coin at 50% is a better trader than most speculators. this is what makes a market.

many prop scalpers do this but don't realize that they do. i see guys testing long and short repeatedly on a stock or sector all day to what seems like random entry. it's basically cutting losers and riding winners. assuming 50/50 chance of correct move on stock entry during specified...

that bid and offer could be the guy who sits next to u or some guy in china. contrary to popular belief, specialists do not post every single quote. it could be a big mutual fund flashing large bids and pulling them to accumulate stock. if trader at mutual fund is given the order to...

edge exists in inefficient markets. as market gets more efficient, edge dissipates. you could measure how inefficient a market is by putting together a room of traders and measure if they are making money in that market.

why, would probably typify a market bottom. maybe not. honestly i have no clue.

music is not good for trading, otherwise, the nymex, nyse would be blasting music on the floor all day.

bull markets experience corrections here and there throughout the journey to moon!

that would happen if we approach depression like environment. why such doom and gloom here?

well, people and media have a tendency to talk about money they don't have as opposed to what they do.

several years ago, jim rogers identified a commodities trend. he did not base this on simple price sequence. u are barking up the wrong tree by pursuing trend by price alone.