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Ripley, Have you ever thought that you may be correct? The common statistic touted around these boards is a 95% failure rate. If you take that statistic into account, then maybe only 5% can make money constantly in the markets. So, maybe you are correct and you fall into that 95% category...

What was interesting about the report was that the revisions of the past two months was only 11,000 and unemployment rose from 4.6 to 4.8%. Labor market is cooling.

I was 19 and had 500 bucks, went down to my local discount brokerage, Discount Brokers (Internet wasn't around yet and Discount Brokers is no longer in business) and bought all the Staffmark stock I could (now trades under the ticker EDGW and much lower levels). The only way to really keep up...

Personally I like Fast Money. I think they have made some great calls. I think they make Cramer look sick. I think they are acting in all sincerity and honesty on the show. With all that being said, like others have already stated, don't trade on "tips" and watch for entertainment...

I always love these posts and discussions. It was only 4 years ago or so and we were all worried about deflation. The U.S. was running a surplus in the late 90's and the Euro was about .80 to the dollar. Now five years later the U.S. is going to be a third world nation and a truck load of...

Market will rally on weak numbers and sell off on strong numbers. Low numbers will be seen as fitting into a slowing economy and less need for rate hikes. If there's an upside surprise like 200K (not going to happen), then I think there will be some pretty aggressive selling. AOL just...

Gonna be at low end of trend. I'll be surprised if above 120,000. We shall see soon enough.

Yisterwald, My advice to you is that if you truly have a passion for the markets and make yourself a student of them, you will have no problem with making a comeback. The question is, are you a student of the markets? This is an elemental question since you admitted that your "system"...

If you are in the U.S. some states will let you sit without a sponsor. I looked into it years ago just for the hell of it. Decided not to do it due to the fact that I wasn't interested in becoming a broker.

Iced tea or coffee during trading/business hours. Gin and tonic or scotch during research hours. ;)

It's all about function v. form.

Yeah, and until recently just about every Kiwi and Aussie took a "walk about" due to the unsatisfactory economic environments and lack of well paid jobs in their home countries. Fact is that Australia and N.Z. are huge benefactors (as are most countries right now) of the global growth story in...

I actually agree, to a degree. I fully agree that to just back test in a vacuum and not take into account tax policies, price of gold, geopolitics, dividends, interest rates, market psychology etc............... Is just back testing for the sake of back testing. I also think there's too much...

There's a saying in poker, "Scared money never wins." Like others have already stated, if you have done the homework and are concentrated/focused in your efforts then your fear of pulling the trigger should be minimized. Your apprehension of getting involved is a good self-preservation...

Go to work and make some money before you even start to think about trading with other people's money. It ain't easy and strong character is always good, but to just graduate and seriously think you're going to start trading in either a firm or successfully with your own money is simply...

Amen demon! Casting off the shackles of corporate slavery is indeed liberating and conducive to a more healthy life in general. You only have one go around in this game called life, no reason to spend it toiling in the service of people that don't care about your well being nor your...

Brilliant :D I kinda like the Fast Money boys. I think the guy that goes by "Risk Doctor" is actually pretty good. He nailed a pretty solid Monsanto call (MON).

Okay, surprised nobody has really discussed it any length, or maybe I missed the thread (was away for some time), what's the verdict on the new CNBC show, Fast Money. Has anyone been watching the show? I know most heckle/hate obnoxious/noxious Cramer (rightly so in my opinion), but what's...

I like the fact that you list your weaknesses. Good! Now, with that being said your weaknesses are definitely ones that could kill any successful trading career before it even gets going. Another thing that concerns me is the fact that you have time frames. Now, this is a wonderful thing and...

I love this question and idea in general. Lets face it, most of the public at large think people that actively trade for a living are nuts and are usually against you. They all think you're going to fail and the odds are certainly in favor of that assumption. Why? Well, most traders do...