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I think the short answer is quite simple: Most new traders do not have an edge. Or if they had one, the market changed and they lost what edge they had. Everything else, e.g., psychology and money management, is secondary to that. If you don't have a consistent way to make trades with...

I earn a middle class income and have moderate but not huge savings. I'm not bored now. Why would I suddenly become bored if I was rich?

You must be very shallow if you think you need celebrity to be happy. If I made a lot of money I can't think of any positive benefits whatsoever from letting the whole world know about it. If you like to attract grifters, moochers, and envy from strangers you'll love publicity.

Needless to say, Ron Paul is the one politician I can trust to <i>never</i> confiscate our gold.

Whenever somebody says that you can't eat gold I want to stuff his mouth with Federal Reserve Notes.

Judgment day came and went and I missed it. Dang.

Once in a while our government actually does try to enforce the law. When Chipotle found out that the government was going to check the immigration status of their employees hundreds of those employees quit their jobs. The next day there were hundreds of American citizens lining up to apply...

I think that America still has at least 2,000 people in the middle class.

Our government keeps importing over one million legal immigrants per year to compete with American citizens for jobs. It also allows nearly one million illegal immigrants to come here every year to compete for the poorest Americans for jobs. If any state tries to enforce immigration laws...

Geithner is admitting that we are in a state of pure Ponzi finance. Why would not raising the debt ceiling, and thus *not* getting deeper into debt, destroy our credit rating? Because we can only pay the interest and principal on existing debt by rolling it forward to even greater amounts of...

13. Ron Paul Reason he can't win: He keeps telling the truth. Voters hate that.

Obama would rather see illegal aliens get the jobs.

Ron Paul doesn't promise people free stuff. So he has no chance.

It seem our Nobel prize winning economists like Stiglilz and Krugman believe we must all be made debt slaves to our governments.

A strategy can easily have a negative expectancy once the bid/ask spreads and commissions are taken into account. The opposite side, if taken by a retail trader buying at the ask and selling at the bid, can still have negative expectancy. The market maker sitting in the middle, buying at the...

You are correct about the Republicans. But what you said applies equally to the Democrats. That is why we are doomed.

Mitt Romney -- another empty suit.

In this case the dealer the not the guy buying the spread that you're selling, but the market maker who is buying options at the bid, selling at the ask, and keeping the entire book hedged to a delta of 0. So long as he prices volatility correctly (no mean feat) he makes his spread. A retail...

I don't see HFT as blackmailers or extortionists. Have any of them ever threatened to release photos of you with that 10 year old boy in bed or to break your legs? As for being plunderers, so is every other successful trader. I feel confident that if stock777 had the gumption to create...

The retail grocer does provide a service -- he brings food from various places and makes it easy to buy it all in one place close to your home. Without him you'd have to drive many more miles each week to pick up food from various warehouses. And if the warehouses didn't exist you'd have to...