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  1. W

    NYT - Paul Krugman - 1928 and the Market Crash

    redistribution of wealth does not work for (among other reasons) wealth is not zero sum. wealth is created by those who (in our system) reap success - iow wealth from their innovation and work if the wealth creation process is disincentivized by penalizing it with redistribution, there is no...
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    Pattern day trader at IB

    futures and forex are not regulated by the SEC and the PDT rule does not apply the only requirement for futures is that u have at least 2k in the account
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    BREAKING NEWS: Karl Rove Indicted!!!

    really? i admit i am wrong when I am wrong. please cite one example (url) of your admittance of same. i'll standby to standby
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    The Movie Thread

    just gotta add that i thought constant gardener was close to terrible i think lecarre in general sux big time, but this movie sucked even more than one would expect from an adaptation of one of his novels. more movies that sucked (i'll do those before those that were good) :) training...
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    BREAKING NEWS: Karl Rove Indicted!!!

    i should note that truthout has issued a "nonretraction retraction" it's almost as amusingly ridiculous as CBS news' nonretraction retraction they couldn't simply say "we were wrong" nope. being an ideologue means NEVER having to admit you are wrong. as people like zzz show so well
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    Another one hangs it up

    this is a great thread, and props to broken dreams for opening it many new (and prospective traders) DO need a dose of reality, and furthermore, one can learn as much, if not more, from those who failed as from those who succeeded very few rewarding and great things in life will come to...
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    Another one hangs it up

    newguy, let's not play politically correct semantics if you bow out of trading, after LOSING money, you failed period doesn't make you a bad person. doesn't make you statistically unusual (MOST fail), but if u bail out after losing money, you failed, since the GOAL of trading is to make...
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    Another one hangs it up

    look, it comes down to this. you need to be a 10%er to make it in trading in some careers, 50%, 60%, 70% or more "make it" in some careers, less than 1% make it trading is not quite as hard as the last, but harder than the first that's the reality i see you are trying to...
  9. W

    "The market goes where it can f*ck the most people"

    institutions TEND to buy one weakness and sell on strength individual traders TEND to buy on strength and sell on weakness institutions TEND to have a long term time frame individual traders TEND to have a short term time frame individual INVESTORS tend to dollar cost average which...
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    Another one hangs it up

    you are NOT "guaranteed" to win in poker fwiw, I have been very successful playing no-limit, and i only started 2 months ago, but i did extensive research into the sport and also use a lot of statisiticaly tools to help my edge regardless, it is not guaranteed- if u understand the math...
  11. W

    Pivot Point Trading..

    "Pivot POINTS, I feel, are useless because what are you supposed to do, get short below and long above it? Seems to require too much perfection and no slippage. A pivot range, I find, allows me to execute in the direction that I feel the market is heading and to use the opposite side of the...
  12. W

    Pivot Point Trading..

    That point about asian futures is something i have noticed too. hmm... specifically the nikkei now, the nikkei is NOT pit traded, which makes it ever weirder it's also differently weighted price vs. capitalization weighted should make a difference in the "feel" of an index i...
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    Pivot Point Trading..

    "But, there is no OBJECTIVITY to it. You pick 3,4 random pts from yesterdays prices and add/subtract to get 5,7 more prices. I mean.. there is NO SIGNIFICANCE to those prices. They are just points of reference for the sake of referencing" false (i am referring to index futures). pivots...
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    Pivot Point Trading..

    pivot points are a tool yes, they are effective, but like any technique (fundamental or TA) they cannot be used blindly (imo) pivot points are areas that floor traders naturally gun for and they help identify areas where one will see price reversal or consolidation they are definitely...
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    Another one hangs it up

    trading is not for everybody and most small businesses fail. not just trading i had my down period, and i worked through it. most don't. that's true of all businesses. don't sweat it also, trading rewards the persistent, but not the stubborn, if u know what i mean
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    BREAKING NEWS: Karl Rove Indicted!!!

    "The right wing trick of repeating a falsehood over and over again, claiming it to be fact, doesn't work on those with a frontal lobe." ZZZ's partisanship never fails this is not a right wing trick. it's not a left wing trick it simply is a TRICK used by both sides what is one of...
  17. W

    This "edge" stuff

    i disagree with what somebody earlier said about edges, and TA not being an edge TA is just a tool. as is charting, for that matter. it's a way to represent price and/or volume and/or time it's simply a model saying TA is or isn't an edge is nonsensical it certainly can be used ot...
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    Dow Mini

    it has nothing to do with pretty formations the dow sold off because Europe was diving at the same time. it was mostly due to the commodity selloff in europe, combined with the dollar rumpusing on the Forex. i bot at 11383 btw as mentioned in another thread. among other things, big...
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    Black Monday

    and my overnight buy of YM that i posted in the forum made a nice profit look, the #1 rule of trading is BUY support and SELL resistance don't chase the dow was at support overnight. that's where you buy. then, set a stop. if it fails, great. that's trading. but more times than...
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