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Quah, Runningbear is basically using statistics. You have a 66% (well, slightly under with the 0) of winning a 33% return when you put the same size bet on 2/3'rds the numbers on the table. If, however, you lose the first bet, you can triple your bet and still win -- but now statistics...

ROFL!

Oldtrader, This is what I hate to see on a chart. How do people trade this!?

J_Commisso, I think it is great that you are going to offer help for Gordon. However, please be careful and stress to him that he needs to find his own method. What *you* do might not be suitable for him. He knows a lot of the basics -- he's traded before. Gordon, When I begin...

OldTrader, Great post. Although I'm sorry to say that I can't give up my intraday chart. If I trade without it at this stage I'm just pissing in the wind (gail force, coming right at me). Thanks for the insight. I agree with what you said.

daniel_m doesn't have tact -- his social skills (online at least) are just unbelievable. He has no compassion for anyone, is full of himself and thinks the world revolves around him. He comes off like he's some expert trader that has never made any of these mistakes. Yeah, right!!!

<quote> i've never been to vegas, but when i go, i will be implementing something of this nature.. thanks! </quote> Just make sure you put enough aside for a couple of cheap hookers.

<B><Font Size = "36">GO TRADE!</font></B>

Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! Go Trade! <B><font size = 12>GO TRADE</B></F> <B><font size = 12>GO TRADE</B></F>...

I think you are overanalyzing the markets to such an extent that you will never be able to trade well. You need confidence and a good system and go in and learn. Who cares what kind of system it is called. It could be chaotic, random, random with extra cheese and sausage -- WHO CARES. We...

Flipping a coin is a non-independent probability event -- in that each flip has exactly 50/50 odds of occuring. However, the law of large numbers says that, over a very large trial, the distribution of all flips should get closer and closer to the ratio of .50 as X (X = number of samples)...

J_Commisso, It's not that TA is trash -- I think TA has its time and place with certain trading styles (swing trading, swing option trading, etc). However, most traders who trade real-time as daytraders -- especially ones who are just starting out (like me with ES futures), will probably do...

I've lost money before on bad investments. I will say this much about it -- when you lose a good chunk of your money, your brain is really good at adapting to the conditions so you never make that mistake again. Fool me once, shame on you. Fool me twice, shame on me. 3 months from now...

metooxx, Sure you can. Just put it on black and double up each time you lose. Martingale betting never fails.

And this, my friends, is what experience is all about. Thank you oldtrader for that very educational post!

Dion Loy, Thank you. Very nice!

Babak, What's really messed up is the fact that the media has released this woman's name publically -- so if and when these guys get released, I seriously would be somewhat alarmed if I were her about something happening in the future. Why did the media have to release her name? That...

I do think rtharp brought up a very valid point. There is usually only ONE way someone can use an indicator -- because if you could use it TWO ways, how would you know when to use either one? If your system relies on the Stochastic being in an oversold position to enter, that oversold...

I've already thrown away all the technical indicators and now you want me to throw away the very last one I kept?! The MA? Oh man -- that's going to be rough on me, but I see what you are saying. Good tips. Unfortunately, only 10% of the people who are just beginning will follow it. The...

Quah, If you didn't sweep your account each month, your capital base would grow and, if you increased contracts, you would still be taking on the same amount of risk each time as compared to your net worth (percentage of risked capital would remain the same). However, it is important to do...