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What can price do? It can only go up or down. Why is it that something so apparently simple defeats all or most new players? First of all you have to notice the gyrations (the swings up and down of price) and not any so-called trends. Next you harness those swings to manufacture your net...

This is a good thread. Yes, 10000 hours OR MORE sums it up for any amateur entering this business. It is amazing how many video games there are in todays world and how many people everywhere from children through to adults play these games endlessly and sometimes addictively. When does it...

Sociopath is a wrong categorization to use as the attribute that facilitates successful trading. Emotions are demonized at ET because they appear as untrained impulses that prevent a newcomer or indeed an existing failed trader from becoming successful. And of course emotions back up and give...

There is a cocktail of drugs that is affecting the brain as the result of sexual arousal. Undoubtedly this is necessary theraphy keeping the physical body healthy and even assisting longevity. And either solo induced sexual arousal (masturbation and/or sexual visualizations performed by...

Life in a major sense is an attempt to be on the inside rather than on the outside. It shouldn't take anyone too long to see that who we are and all things we do or want to do are our attempts to be on inside. I do not regard the criminalisation of so-called insider trading as anything other...

You continue to miss the point. Trading costs are not ignored. They are known and are immaterial to successful trading (for example in CL). But in business in general marginal cost theory applies in which again you would have no experience. You should try to learn what is relevant to being...

Trading costs in trading and in daytrading also are immaterial. If you are not successful you know nothing. The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or...

Trading costs are immaterial to successful trading and are immaterial for successful day trading also. Using CL the opportunities in each daily session follow each other just as night follows day - without fail. The essence is simple: if price starts going up you buy and if price starts going...

There is not the slightest doubt that TA works. Its simply a question of the requisite aptitude for success. And in particular when playing in markets it is again that aptitude for success. In markets success stems from the problem solving capability of the player combined with the all important...

If you have a fractured personality you should not even start trading or if already in trading then you should abandon it. Do something else in your life. You are not executing under pressure with a reliable methodology. You have a plan and a system which must be dependable. Nowhere do I...

No offence intended but there is lot of huff and puff and plenty of false analogy in the thread openers posting. 'What you can do under pressure' is not the most important trading skill; its basic common sense that applies first. The context at ET is the lone amateur trader. Now here the...

The issue of holders using the margin funds of clients is generating a lot of hot air. The reasonable and only course of action is to ask (and to keep asking) the federal government and the regulatory authorities to end any use of segregated funds outside holding them intact with a bank and...

All of seven years ago, it seems, I suggested the theme of Gershwin's 'Stairway to Paradise' for start-out traders. Begin today! You'll find it nice, The quickest way to paradise. When you practise, Here's the thing to know, Simply say as you go... I'll build a stairway to Paradise...

I have many unanswered PMs but within this thread I will try and answer one of those PMs. The underlying assumption is daytrading. Gyrations This is a neutral description I use for the intraday price swings. An overbought/oversold criteria is not used. In CL I use a minimum of 40 points to...

Is Trading Just Guessing? No. Its a question of probabilities. You can construct a methodology giving very high probability signals to trade. But you have to commit yourself to rationality and logic. You recognise what you are looking at on price charts. Gyrations. And gyrations are the...

In my time so far at ET I have written posts in defence of the allegations made against such well known individuals as Bill Clinton (the girl sucking the Presidential knob scandal) and Jeffrey Skilling (Enron). But Corzine does not elicit any support from me. This moron was ousted as CEO from...

When Man was a London partnership then based mainly on its historic sugar business it had a pervasive self-satisfied and arrogant attitude. Similarly infected, its MF Global offshoot became a US corporation on an ever expanding trajectory. Hence the new dictum, 'What keeps on going up, blows...

Relax pal. Take your own advice and you lighten up. Its only a movie. As I noted in my previous post, "There is no harm done for those that enjoyed the film so much and want to believe it was realistic (or choose to ignore that it was all so unrealistic)." Calm down too as I don't waste my...

This thread, as it so often turns out in other threads, is about those who actually know something about markets and the many that don't. The movie plot was uninformed and unrealistic in the extreme. It was neither the Lehman model of failing nor the Goldman/JP Morgan model of surviving and...

Disappointingly, 'Margin Call' was a badly underpaced and forgettable movie. It was watchable (just) but lacked atmosphere, lacked believeability and it managed only a simplistic, unrealistic plotline. The reality in the 2008/9 meltdown was that major Wall Street investment banks (eg Goldman...