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The funny thing is that if the S&P does somehow make it, then he is hailed as a genius. If it does not, he says something like "well, I didn't events x, y and z", and he doesn't even lose his job. It's pretty much a win/don't lose situation for the over-paid guy.

lundy, Noticed that you seem to have three phone lines - maybe you should cancel two of them to save some more cash for trading?

From the article: "Rusnak threw away hundreds of millions of dollars. Which makes you want to ask some very simple questions. Why did he throw all this money away? And why, when he was in the process of throwing this money away, did nobody notice? " Those aren't the questions I thought of...

LOL - a steal at only Three Thousand dollars.

One way cool thing about this thread is the additions to my ignore list. Thanks!

Thanks for the info, metooxx. But when your electricity bounces, doesn't that bug your ISP's network?

Well, it's a nasty, rainy, cold day here in Charlotte, NC, USA and all that warmth and sun and sand and babes sounds nice. Got two lines of questions for our Bahama Crew: How's the `lectric? Do you have to fire up yer generator every few days? And, does this affect your internet...

Could somebody capture the transcripts of this contest? And, perhaps post the results? Sure sounds interesting. . .

Since Candle took the first shot, lemme second this call. The surest thing I've seen (over a very brief time) in the markets is Ken's calls. Ignore the rest, there are some good calls in the room. But, fading Ken will make ya money. Now, this was over a year ago, so maybe he has improved...

We love you too, Wally. :D And, isn't that kinda like saying "All the posts to this thread are lies, including this one."?

The difference is (may be?) that these things you mention create value. People are willing to pay to see these things accomplished, and practically everybody is happy with the results. Imagine a farmer with a pile of food, and a smith with a pile of . . . uhm. . . smithed stuff :D. Now, the...

Just wanted to be clear to all the readers that in my post I also say it is not immoral. Thanks.

I'm guessing you are using ticks rather than 1 minute (or longer) charts, so you really can't backtest `cuz your provider doesn't have the ticks. Fine, one does the best one can with the tools one has. However, unless you are way off the reservation with some new, extremely wild idea that...

It seems like this question boils down to: Do daytraders add value by daytrading? But the big white elephant in the living room of which nobody wishes to speak is: Is daytrading a moral profession? So, let's talk about the elephant first. When one daytrades, one puts one's money up...

Without stating any sort of moral judgement on either trading or theft, stealing from the rich also does this. In other words, this is not a justification - if that is what you seek. Oh, and yes when one "washes" the dirty money through a business, one pays taxes.

Wow. I tried very hard to get to the end of this thread without posting, but this comment stopped me cold. I dunno how y'all can survive as traders without a fundemental understanding of just what money is. If I needed any proof that the bear has a long ways to go yet, this would be it.

If we can just find a broker who will let us trade in the middle of the chart - we'll all be rich! :D

Wow, thanks for all the help everybody!

At first, I was infavor of this idea, then (after much thought) I decided "No freaken way". Sure, if it actually happened that way (and stayed that way) life would be good. Suppose we did that. For a few years, we'd be doing great. Then, the government would need a new give-away program...

Hey, has anybody heard about this awesome site: http://www.SendTGreggBigPilesOfCash.com Some of my friends have made a lot of money using these methods, but I wanted to know if anybody here has tried it. Well, I guess I won't get any answers in the next 10 seconds, so I better send my...