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I dont have any stats but I think your way off base with this broad statement. I think people willing to pay $50+ a month for a front end like Ninja trader and Buttontrader have a good reason for doing so.

I am getting tired of opening a new thread to find that it is a completely pointless statement. There are a couple of posters now that are doing this constantly. I have never put anyone on ignore before and am wondering if I put someone on ignore will a thread that they initiate not show up on...

Ours is not to reason why, ours is but to sell or buy..........:D

To my way of thinking the main function of patience is in waiting for a good trade. Some people are not psychologically equipped to sit out the wiggles. I had this problem and finally came to terms with it. I am seldom in a trade more than 10 or 15 minutes. So what? Theres no rule that says you...

When I was young I spent many hours trying to come up with an system for craps. I did not believe the quants. This went on for quite awhile. Along the way I learned a lot about probabilities and finally understood that you cannot add up minuses and come up with a plus. You might try to design a...

I think the problem is that we are lumping investers and active traders in the same group. I was referring to active traders. I would imagine that the success rate would be higher for people holding many years.

:confused: :( :) :D

This is a point I have often pondered. Thousands upon thousands of people have entered the markets over the last few years. If 10 percent of them succeed who supports them? This is kind of like social security. :) I suspect the number is actually 99% or greater.

This 60 min charts suggests that we are reaching a decision point.

Recently I have found trading tests of the recent highs and lows much more effective than trying to catch a trend. Looking at the last ten days you can see that looking for a trend could be a bit frustrating.

You can daytrade every day.

Im thinking about getting a parrot. I can train it to say: You da man, kaching and rule the freakin market.:)

Tango Had the same problem. It does get lonely at times. One of the reasons I spend time here during the day. Even after I realized I would not make money in a chat room I still wanted company and tried several for this purpose. The problem is it is very hard not to be influenced by what...

I was more interested in the chat room aspect of it. I have been in a number of them and even though there were good calls being made I was not able to make money and I wasnt aware of any others who made money consistently. Some would do well for awhile but usually ended up losing.

I have never met anyone who makes money following someone elses calls. Do any of you know such a person?

LOL. You certainly missed your calling old boy. For a math quant you sure have a liberal arts bent.

Much appreciated Jack. This is one psychological concept that I have no problem grasping. It is so obvious you wonder how it escaped you all this time.

I think this is going to be my last post re: Jack. I really dont care in the least what people think about him or his teachings. I have made a number of posts not really to defend him as he certainly doesnt need me or anyone else to defend him, but rather to get those few people who really want...

Been there. Done that. More times than I can remember.

Curious as to what timeframe you are trading? Evidently it is not intraday.