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  1. lindq

    What is "Jack Hershey's Method"?

    Yes, KISS works, but if often takes years of experience for someone to finally come to that realization. In the meantime, you have people like Jack who love to screw with newbies heads, who think that esoteric theories must hold some secret to profits. ANYONE WHO CAN'T EXPLAIN THEIR...
  2. lindq

    Stocks are Easy

    LOL! Well put. The thought that a successful equities trader will do better with options can only come from someone who has never traded either successfully. And I always get a kick out of this idea that you can "only" lose the cost of your premium, like you have some kind of safety...
  3. lindq

    leasing a car

    Don't open your conversation with a dealer by telling him you want to lease. Negotiate price first, and the lease payments will be structured on that. If they ask you "buy or lease" when you first begin looking at a vehicle, just tell them you haven't made up your mind, and the overall...
  4. lindq

    Honestly, Can You Be Successful Without a HUGE Account?

    Put a thousand monkeys in a room with a thousand charts, and eventually one of them will come up a winner. In the interest of fair disclosure, are you prepared to post the actual records of all your "room attendees" over the past year? I think not. For obvious reasons. This one...
  5. lindq

    Advice you wish you had gotten in your early 20s

    I'm going to assume that you are being serious in your questions. The value of leverage in owning your own home is as follows: 1. Assuming 10% down, every 10% move up in price will double your invested cash, which builds equity. Long term, housing prices have averaged over 8% a year...
  6. lindq

    Advice you wish you had gotten in your early 20s

    So shortsighted. And the reason why so many people miss out on the tremendous advantages of leveraged real estate over time. DOWNTURN + HISTORICALLY LOW INTEREST RATES= MAJOR LONG TERM BUYING OPPORTUNITY.
  7. lindq

    Advice you wish you had gotten in your early 20s

    Best advice for anyone in their 20's: As soon as possible, learn to be a good buyer of real estate. Study your local market, then buy the best and biggest single family home you can afford, as soon as you can possibly do it. Don't put it off, using the excuse that real estate is too...
  8. lindq

    Newbie needing guidance and mentor

    1. Yes, your thinking is much too simplistic. 2. What is your fixation with options? If you are not already a successful trader, options will only excellerate your losses and frustrations, as you fight spreads and time decay. You may think that buying calls is "safe" because your risk is...
  9. lindq

    What's Needed to Trade with Other People's Money?

    Thus far, just about all the information you've been given is incorrect in regard to licensing requirements. (For example, a Registered Investment Advisor has a 65, not a 7. And as was pointed out, depending on the circumstances you don't need any licensing or registration.) So much for...
  10. lindq

    Swing Trading

    I suggest you get a copy of "Trading for a Living" by Elder. It will be a good introduction to thinking in multiple timeframes, which you will need to do. For example, indicators are seldom used alone to define entries. Think of them as guidelines for set ups. Use indicators on daily...
  11. lindq

    New backtesting software for Mac OS X?

    Investor RT was created originally for Mac and still supports it. www.linnsoft.com Can you provide better pricing, features and support? That would be tough goal to reach as they've been at it for years, but good luck.
  12. lindq

    5% of traders that make money

    Absolutely. The next time you see a stock gap up on after-market news, check the trading activity leading into the close. More often than not, you'll see a clear picture of information that was leaked to trading desks. The SEC says they are focusing on such activiites. Baloney. They...
  13. lindq

    WSJ report on volatility

    NPR had a recent report on randomness. A math professor told his students that he was going to leave the classroom, andwhile he was gone he wanted some of his students to flip a coin and write on the blackboard an X for a tail and an O for a head, creating a list of Xs and Ox. Then he asked...
  14. lindq

    WSJ report on volatility

    For any of you who rely on a certain amount of volatility in US markets - and who have been sitting on your hands lately - today's WSJ reports the following: - We are in the longest period since 1954 without a 2% correction in the S&P, and the second longest since records began in 1896. -...
  15. lindq

    Temptation to force trades (holding 100% cash now)

    Cash is a position. Nothing wrong with cash. If you have a system you believe in...and you haven't had setups in two weeks...then don't worry about it. Very low volatility and a slowly rising market have put some good systems on the sidelines the past couple weeks. While it's as...
  16. lindq

    Best way to trade

    Yes, Shadow001, and if you go to those websites, you'll have your choice of not just one....but TWO courses. Take your pick. $4,995 for pairs trading. Or, for just $1,000, not including your equity deposit, you'll get started in the exciting world of high volume and high frequency...
  17. lindq

    Venezuela Nationalising MORE

    A very large percentage of the educated professional class has left the country. And why not, wouldn't you? This is the biggest long-term negative for what Chavez is doing to the country.
  18. lindq

    Entity for traders

    What is the PRIMARY source of your income? If it is your job, then forming any kind of "entity" is not going to fool the IRS into giving you trader status. And forming an LLC gives you no other benefits, because the income flows directly to your return. And of course you have a clue as to...
  19. lindq

    Low VIX = Groundhog Day

    Great movie...and very good analogy.
  20. lindq

    For all the Dip Buyers?

    Dips are also relative to the current market environment. Typically, a dip buying signal is identified when longs are throwing up in the streets. These days, a dip is anything below yesterday's close.:eek:
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