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People are also not taking into account Buffet's own extraordinary skill at picking out value. Some articles make it sound like that with a little frugality and common sense anyone can replicate Buffet's success.

This is true for anything whether it be self help books, used cars, exercise/juice machines, public office, penis pills, etc.. I know someone that made millions working his way up to biopharm chain as a head salesman. His job? To travel city to city as a biopharm lobby shill and market his...

It also depends heavily on market conditions and it doesn't take into account periods of extreme economic depression or recession. The "always goes up" thesis may be true if you take into consideration the market as a whole but for individual stocks it's absolutely baloney. Also time...

Pattern failures or stops positioned under or over areas of major support or resistance determined through price action. This is no secret. Instead of thinking in terms of how many times you're right or wrong it's better to think in terms of risk/reward ratios. You can be wrong quite a few...

When you blow out like that it means you either a) have poorly defined stop loss criteria based on your system. b) You're letting your losers run in hopes it becomes a winner. This is a mental issue that you need to get rid of asap before you blow out again. With a proper system blow...

Ahh yes. I remember being this cocky once I figured it out I could have thought I was the only one in the world making money in the stock market. :D Just realize there are guys pulling in millions in a single month in the market. We're all small potatoes comparatively speaking. I wish you...

When volatility goes down just extend your trading to a longer time frame. The trends are still there but they take days to develop instead of hours.

I agree with trade the charts and not profit and loss. Too many mistakes are made by hand wringing over watching your profit and loss while the charts are telling you where everything is headed. All my risk management stops are based on chart technicals. I don't care how much is lost because...

High volatility markets are easier to trade in my opinion. I feel for the buy and hold screed followers. I'm sure the vast majority are deep under the sea right now sweating it out. Who knows where this market will go once the bear subsides. I have a feeling we're moving into a period of stagnation.

Find a online broker/service with a good paper trading setup. Sit and stare at the market for 5 days a week for an entire year. (excluding holidays) Make notes in a journal. Read some books going over the basic technical aspects o trading. When you understand the market and feel you have a...

There are a few ways this is done. If you are a long term holder (my condolences if you are) then dollar cost averaging works if you are lucky and space out your buys over a period of time that's long enough to cover the steepest part of the bear market. Then you have to sit through the return...

Not sure if this is a real post or not but I can almost guarantee you that you will blow out by trading on feelings.

Because the public is taught that buy and hold is the best thing since sliced bread and that you can't outperform the market. Then they are taught that anything besides investing based on purely fundamentals is outlandish and praying for the market gods to reward them is the surest path to...

How much did you lose exactly? Also, next time try not to "anticipate" no one is psychic and the worst thing to do is to game news items. One of the cardinal rules is to trade what you see in front of you. Not what you think you see or what you think might happen in the distant future.

I don't tell people I just meet or acquaintances what I do. It was only a year and a half ago that I was bringing in only a little over $45k a year as a teacher. Which is a ridiculous salary now that I think about it but lots of people survive on that. I discuss profits with those living...

Cramer isn't stupid. In fact I think he's probably pretty smart. He's just crooked and he uses his show and fame to pump and dump. He's your standard double dealing hedge fund figure. Guys who you can't even trust to allow into your house without them trying to steal something even if it's a...

Heh, it's different for everyone. The system I use came piecemeal from things I learned over a long period of time. Then it was refined from an entire year of staring at every minute of the market religiously. Yes, there were months where I didn't trade and just sat and stared at the...

A friend of mine built up $10,000 into a little over $100,000 back in the fabled '90s bull run. He used to tell me about his stock successes all the time. Friend has since blown out a large portion of his account and quit trading. Turns out he was riding the bull wave but didn't know much about...

Eh, A little under 4k is all you've lost? I watched $13,000 in "discretionary" savings evaporate first before I traded my way to profit. A few bits of advice. Don't get frustrated you will dig yourself deeper chasing losses and wonder why the market is cursed against you. You may not have...

1) Buy and hold isn't really safer no matter what people say about it. 2) Don't watch market news shows. Especially that mealy mouthed pig fucker Jim Cramer. 3) Don't listen to morons who say TA doesn't work because some eggheaded economics professor at university of failure said there was...