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The market as such is not out to get anybody but the market participants sure are because a) they want your money, and b) want your actions to i) provide the gas to move their positions into profit, and ii) to create their offsetting orders (bids in which to cover into assuming they're long)...

Outstanding post there Red. Folks, what he's basically saying is that markets are PERVERSE and that perversity will dog ALL traders mot of the time. Therefore to make money OVERTIME you have to first accept the perversity then USE IT TO YOUR ADVANTAGE. How do you do that? Simple...

Many of the best keep very low profiles. Unless you're selling something (a fund) or have a (weak) need to impress others, you have little to gain and a lot to lose by being known.

Always remember that even a losing trader can still be a good teacher. Not in how to make money but rather how to set your computers up, how to create a trading log, money management, discpline, how to construct a proper trading plan, time management and so on. Just having a edge is not...

All too true about the friends and not really knowing what they're doing. So many idiot investors expect profits to be paid out like a normal job, ie every month regardless of what the market is doing. And if prices dump (assuming stocks) it won't be good if you're long because they'll tell...

Always love the Gold knockers. Don't forget folks, it's been one of the best performing asset classes over the last 10 years.

I bet your broker loves you :)

Forget about Monaco unless you have serious money. Traders don't need work visas or anything like that. Just fly to a country, rent an apartment for 1-2 months, see if you like it, if so stay. Maybe you'll have to fly out every 3 months to extend your tourist visa but that's it. It really...

You forgot one, and very expensive in costs..........

This is one of the best posts on this topic I've read in a long while. Thanks a lot. Right here is a one-page psychological roadmap for trading. Simple, yet deep at the same time. For new traders you need little more. Realistic has just given you a cheat sheet and saved you about 1000...

S2007S It doesn't really matter who's in charge these days, there would be no difference if a monkey was calling the shots. Would Greece be in a different position now, if 5 years ago they appointed a monkey as President? Would Europe be in the mess right now if monkey's had been...

There is no point so I agree with your point! V bottoms are nowhere near as common as bottoms that form over a period of time, probably washing the early bulls out. Trying to buy a V bottom is therefore a 'hero trade' where the trader is more interested in 'buying the bottom' rather than...

Always remember when you're buying an ETF for investment you're entering into a contract with an investment bank, and they cannot be trusted to always look after your best interests. Some precious metal ETFs are a scandal waiting to happen. Silver bars (or bags of coin) are the best, store...

90% on this thread are expecting further weakness AFTER the market has already made a big move down. This relates to the famous 3rd Law. The weekly charts look pretty bullish to me, the recent selloff nothing more than a small retracement in the overall uptrend. Weekend papers will be...

Look at the weekly charts of both ES and NQ. The recent selloff looks like a minor retracement of the uptrend. Probabilities therefore suggest that this weakness should be bought. Buying weakness has been the right trade to make since the 2008-09 lows so until it stops working it's the...

For every crash the probability of someone showing that he predicted it is near 1 . For every prediction of an imminent crash the probability of it being correct is almost zero

I realise it, some on this board do as well but I gave up warning friends/family as they think you're mad. Mot still believe what the politicians say, it's very sad.

Then why are you wasting your time trying to get free information and ideas on this message board? Do things properly, you have the money. Contact http://www.herbertsmith.com/ in London, one of the country's top law firms. Pay them whatever their rate is (something like £300-£500 an...

I never dream about it. Successful trading is a very hard business, it's also a very serious business and you're up against some of the baddest, meanest bunch of people on the planet. These are the people you're trying to take profit from and they're taking it very seriously, not part time...

Whatever is written versus what's actually trading are often very different. Free money doesn't hang around for long before somebody picks it up. All the investment banks and funds have a big presence in the Far East so if there's anything there (free money) they're going to pick it up...