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I spent a summer in Amsterdam were pot is legal - it's on the menu at the coffee shops and man is it powerful. The irony is the local youth & adults were actually less inclined to use it in comparison to back in the states and far less likely to ever venture to 'hard' drugs.

Stock market is basically zero-sum. During the entire life, many trader spend 50 years. Wrong: The stock market in NOT a 0 sum game - when price rises that does not mean an equal amount of losers are required, in fact nobody has to lose for price to rise - the stock can gap up on good earnings...

And what makes you think IB is any better? - they only very recently took down their highly deceptive default market data plan of BBO, replacing it with NBBO. BBO looks like plain old internalization. IB is sure a magnet broker for those that lean on cheap margin - the under funded and green...

Brokers requires you to check off that you have read the FINRA risk disclosure which states 'evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will in no way guarantee...

BUYSell12 - you are very naive & green if you think that price moving news & reports are an equal playing field for the uninformed penny pinching retail crowd as it is for the big Wall Street players with huge budgets to make sure they stay on top. It is not so much a matter of opinion but a...

Republicans are all about big tax breaks for the top income brackets. Put in a stellar year and you get to keep more of it, that is if you already have health insurance provided by a job or from your spouse or parents.

Doctors seem to be the largest profession that are active traders, IMHO. I am sure you will meet plenty in your future career. You may get a leg up with trading/investing in biotech, medical supplies, etc. There are a lot of options these days for automated algo trading - you may want to...

I would think the big fish like Goldman, JP Morgan, Citadel, etc. get most of the price moving financial news releases well before they are broadcast to the public. This has been written about in books written by informed traders going back to the 30's.

$50,000 salary in San Francisco is considered very low - you will need a few room mates and will not be able to afford a 4 wheel vehicle.

What was the largest one month percentage gain of the sp500 ever? April 1933 - S&P 500 up 42.2% (source traders almanac)

I still will feel horrible because I paid taxes on the 150k and now I have to deduct 3k for 20 years since I am down 60k for the year. Man I feel for you! Been there - done that. Some time ago I owed $150k in capital gains from profits that turned into a loss. I thought I was gambling with the...

Many travelers that have spent months at a time in Mexico and some other countries in south America often report of the fear the feel when coming back into the USA - with all the crime, road rage, and gun toting lunatics.

By far the most important indicator I use is my trading journal which gives me an indicator on how me, the trader is performing. Am I following my best practices? I am acting out of fear or greed? Am I over trading or to chicken to pull the trigger? What can be improved? Am I drifting from my...

Sounds like someone watched 'The Big Short' and got carried away.

How do you prepare for a falling market? Simply cut your losses of quickly every time, if you do that you do not need a hedge which I think is like trying to win a race while riding on the brakes. And inter-market diversification, even global, will not save you either. What will save you...

I used to spend part of the winter in some spots in Baja/Mexico. Beautiful seaside towns with friendly humble people, great food, no crowds, undeveloped with no pollution, safe, a real paradise. There are lots of Xpats living there and loving it. I may end up there some day myself.

With Tradestation you can pull tick charts from historical data - for example I just pulled the ES tick chart (1K ticks) from 2000 to present, I could have gone further back.

Why pay the insane middle-man mark up of gold? When it comes down to a currency collapse I would rather have a storage locker full of Ding-Dongs - shelf life 20 years, a cheap investment that can be used at Halloween if crash doesn't happen. When people get hungry I am sure they will gladly...

Funny how many popular trading books are written by authors that openly admit to have done poorly with their own trading. Why not buy the rare few books written by proven winners spanning several decades? They tend to not sugar coat things - people are inclined to want to buy into the fantasy as...

True story - with interest very likely to raise a few times the brokers are back to making a killing on interest. If you have a sizeable amount of cash in a broker account sitting idle than you should know your brokers cash sweep rate - most brokers pay nada - only a few offer a decent sweep...