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Ah, but those new landlords who are now making payments without any income every month because there not enough renters around, are now ripe for a nice discount offer to buy their place, aren't they? Just like a trader who is watching his money go down the drain, many of them are ready to cut...

Buy a decent home that needs just a little TLC, put a tenant in it with a lease-option, and you can easily turn 80%-100% ROI with 20% down. Thats hard to beat in the stock market, I've owned homes in 5 cities and NEVER had one depreciate. Although it isn't as fun as trading, I've never...

What a dumbass thing to say. The sad part of it is, you're serious.

A simple system based on the current position of the S&P, since 1.1.02. Similar results in previous years. STOCKS: 30 stocks of the DOW ENTRY RULE: 1. Stock is less than 5 of a 10 period daily RawK of stochastic. 2. SPY is less than 5 of a 10 period RawK of daily stochastic 3...

Yep. We're overdue for a real panic sellout. So let's all take our medicine and get it over with so we can get back to business. A 275 point selloff would be just what the doctor ordered. Oil prices will then pull back, and the market will rally 500 points in a week. You read it here...

This is not an atypical story, and it's what most new traders face. Thanks for sharing. Any experienced trader knows that the single largest hurdle that a new trader can put in front of himself is an account that is undercapitalized. You are immediately trading with fear, and you have zero...

Oh, that's brilliant! The guy probably hasn't made a trade in his life, and you're now going to give him 100% leverage and expect him to build up his account from 5K? Wow with all of 10K he can trade, what, ONE stock at a time. Gee wiz! Let's see. Trading 200 shares, one stock at a...

Yet one more ridiculous and truly irresponsible suggestion. A 3% drawdown on 200K of equity - which is NOTHING, especially for a new trader - and he will be cleaned out. The responses on this thread mark a new low for E.T. And that's saying a lot!

Okay. But what were they driving??:cool:

With 200K buying power, no experience, and 5K in equity, he'll be lucky to last a week. Ridiculous suggestion for someone just getting started. He'll never survive the learning curve.

I'm with you. But the last time I wrote a check to my mortgage company to draw on my "Intellectual Effort", the damn thing bounced. Can't figure why.

A simple backtest shows that if you had bought the S&P as represented by SPY in June 1994, and held until now, your investment would have increased roughly 245%. However, following the proposed strategy of buying when price crosses a 50 day MA and selling when it falls back below the same MA...

You're wrong because: 1. If you limit your trading to price that is above an MA, you will have missed many very profitable trades that occur when the market pulls back below an MA then rallies. 2. You are assuming that in buying above an MA and selling when it crosses below, that you...

I would amend that to read: monkey ==> to day trader ==> to swing trader ==> to retired.

The Extreme RSI system I created a couple years ago on Wealthlab was very simple, and has, I understand, led to development of a number of similar systems that were further enhanced. At that time it was a basic, initial look at buying pullbacks. It was ENTER at TOMORROW's OPEN if today's...

You don't make sense here. If you feel that NOK has bounced off support, why sell puts and limit your gains? Are you looking for protection? If so, then you don't have confidence in any directional bet, and you shouldn't be in the stock at all. IMO, NOK is a stock that right now is not...

It is difficult for any strategy, even a good swing strategy, to beat a net gain of 45% with no trading costs or associated hassles. I think that instead of looking back at sour grapes, the bigger question is, WHAT HAVE YOU DONE THIS YEAR SINCE 1.1.04? The market has run overall flat thus...

You're DAYTRADING options and entering stops into the market? And with a family account? Man, do the market makers just love your ass! Maybe IB can let you attach a note to your trade saying "Hey, come suck my blood!"

A key trait of a successful trader is the ability to do nothing, when nothing is clearly the best thing to do. You are much better off on the sidelines in a market that temporarily is not supporting your strategy, then you are out searching for trades. I'm not aware of any strategy, in...

So what. There isn't an indicator, or any element of trading, that isn't delayed. Welcome to the Universe, where time runs forward. Also, for one to say that MA's, or MA crossovers don't work - or for that matter that any indicator doesn't work, is making a judgement from their own very...