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<i>"I bet 99% of people on ET cannot answer the above, and thats why this site is full of so many clueless people"</i> I can

<i>"look at the average earnings differences between high school dropouts, post graduates, etc.... of course you have to be literate to do that."</i> I am a high school dropout. Went from pending class valedictorian right to out on my a** in the street midway thru 11th grade, courtesy of...

<i>"Is there risk yet?"</i> Not yet... just keep shorting the ES every day. Regular paychecks without effort seldom come along this easily.

<i>"I have been trading the YM (mini) futures along with a service (chat room) for a month and although they are great people and do okay there are too few trades--"</i> Does "doing ok" mean they are profitable? Is the desire to be profitable, or take some minimum number of trades for other...

Lack of learned skills = self management doomed Livermore's career. He never learned to trade... his observations and quotes are hindsight, wishful thinking

<i>"Jesse Livermore was only a trader. He never managed others' money. Why?"</i> Simple. He never learned how to trade. That's why his career ended abruptly

<i>"I'm also a guy who went into a prop deal last year trading 1 lots in NQ and now goes home with 20 lots spread over a half dozen different markets and YTD earnings of 80k. Indicators do not work over the long run. I defy you to find even ONE trader who's found wealth via "canned"...

Well, it took me years of 70 - 100 hour weeks to learn this profession and perfect my technique. Paid some pretty big prices along the way, too. These days I trade purely intraday, only the ES and ER. I sit down at the charts a few minutes before trading begins. I trade for a few hours or the...

It can't really be this easy on a Friday... can it? Done for the day. Have a great weekend!

<i>"Yawn.. is there any risk yet?"</i> When the intraday charts are crystal-clear as they were this morning, there is always more reward than risk. Gotta love straight rally moves! Weekend came early :D

<i>"The rally begins in 5 minutes"</i> Flip your charts over... it's been rallying since the opening bell :cool:

Yes, the point was anyone can win or lose buying company shares and holding on. Lots of people got rich and/or went broke here with Corning and Global Crossing as local employers. Reading = comprehension is a very important skill in life... critical, even. The occasional lottery ticket win by...

An immigrant couldn't read or write English. Worked at WCOM. Bought WCOM stock with all their savings. Went broke. Went to work for Enron. Bought all the stock their 401k could limit. Went broke.

<i>"somebody who (like me) knows quite a lot about psychology..."</i> I know a little bit about that field myself. It's interesting to see the same human flaws = characterisitics = traits demonstrated in all fields, all walks of life across all levels of income and net worth. There can be...

What is your win % and average profit / loss per trade? Those are the missing two variables you need to factor. If your win percentage is 90% or 20%, actual results by fifty trades may vary.

<b>T280</b>, I've always enjoyed you intelligence, quick wit and likewise appreciate how you've worked with people in your own thread. That aside, you have had some meltdowns here in the past. It seems you let things people say / do push you over the edge. I think you noted that yourself a...

"<i>With that sophisticated algorithmic power as backdrop, I ignore it all and trade higher lows, lower highs, double tops, double bottoms, and head and shoulders."</i> <b>Joe</b>, that is hands down the funniest post I've read here in forever! Amen to that!!! Learning to reading price...

<i>"Now, with the above in mind, the same mindless scalpers come in here and explain how all other approaches to trading are inferior, shortsighted, wrong and plain stupid"</i> Gosh Makloda, I didn't realize there were scalpers amongst us here. As an intraday swing trader myself, I don't...

<i>"Neil Hennessy says he sees 14,000 by the end of 2007 WITHOUT a correction." "I agree... 14,000 in the ES by the end of 2007"</i> * Be very careful with this stuff. You've been warned

<i>"And take the P & L off the screen"</i> Absolutely... critical thing for me not to see the #s rolling red or black as a trade is executing. Much more calm when not seeing the glitter of unrealized $$$s coming & going. Also... believing & trusting what is known to work. How many times...