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Untrue. Put a thousand monkeys in front of computers with an account, and some will outperform over any period you want to select. In any group of investors/traders in any time frame, there will always be a group of survivors. It's a statistical probability Select a random group of...

Funny! And so true. I'm thinking that as a single individual he probably had more negative impact on the planet than anyone in history with the exception of Hitler. Massive wealth destruction and countless useless casualties. I give him credit for at least enough smarts to not show...

No, actually you will quickly find that there is a gap in reality, not just in time. The worst advice ever for a newbie. Or anyone.

Gosh, you mean you don't like the 'Change we can believe in'?

Your problem with emotional attachment requires that you have - and use - a system-based fixed target. Why? Because letting the trade run forces you to monitor the trade, which significantly increases your emotional involvement. Whereas taking a profit at a predefined target let's you...

If trading is an itch you must scratch, I advise that you mark a cutoff date and stick to it. Don't spend years trying to beat the markets and find yourself later without employable skills. Hope springs eternal but profits can take even longer.

Leaving a full time job to trade when you have so little exposure to the markets would be a very, very foolish move. You don't need to monitor the markets full time in order to start learning how and what to trade. You should spend at least a year with a good backtesting platform to help...

Wasn't there a TV show a few years ago called "Designing Women"? Hmmm. Just thinking.

It's a very dangerous strategy if you let yourself get sucked into collecting premium and fail to carefully calculate your complete risk profile if the market tanks under you. The strategy, when not handled carefully, has been the ruin of many a trader. And I speak from painful experience...

Yes. Consider the fact that portfolio protection is expensive, and even more so if you are trying to protect leveraged equities. Add to that the fact that margin is not free. You'll pay for it. Your overall yield probably won't beat treasuries, and you'll be putting in a lot more work...

Bloomberg Business Week has become my WSJ replacement. For current hard business news, there's always the internet.

While I don't trade forex, I assume that you can develop a measure of TR (True Range), just looking at the relationship of recent highs and lows in your instrument, which should give you a measure of volatility comparable to VIX.

Assuming you are talking about U.S. equities or indexes - VIX The level of volatility in the market will often have a large impact on strategies, thus it is often helpful to engage VIX as part of a trading rule or system to make relative adjustments.

The VIX is not at record lows. The 30-day MA of the VIX is currently over 21, which is slightly higher than a long-term average, which is about 19.

Paying for legal advice at this point is a waste of money unless you are willing and able to take on the great expense and hassle if the company decides to come after you at a later date. It's very easy for a lawyer to give you an initial opinion, but quite a different story if you are later...

At the top of the list of personal qualities a trader MUST have in order to succeed is: PATIENCE. Patience to wait for the right market conditions. Patience to wait for the right trade setup. Patience to wait for the trade to play out. Now, I didn't say it was easy. But it is...

I'm guessing you're one of those guys who was breast-fed until 12, had training wheels until 16, and rode in a car seat till 20?

Run a 'Search" on the word FORMER on the list of signers. See how many times it pops up.

Congratulations on breaking even. You've picked a very tough game to win, and you should consider just walking away from it. IMHO, if you would put a fraction of the time into learning to trade the underlying instead of trying to master options strategies, you would be better off in the...

Again, a complete crock. By your reasoning (lack of), a good portion of the world's male children are popping out of the womb with limp wrists and an advanced fashion sense. The personality affectations you think of as typically "gay" are learned from their culture, in the same way any...