http://stockcharts.com/c-sc/sc?s=$INDU&p=M&yr=17&mn=0&dy=0&i=p13529061984&a=157924252&r=5423.png
http://stockcharts.c...76118&r=410.png
http://stockcharts.c...6117&r=4671.png
http://stockcharts.c...6115&r=9916.png
Party like it's 1999
Started by
diogenes227
, May 20 2010 06:22 PM
4 replies to this topic
#1
diogenes227
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Posted 20 May 2010 - 06:22 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
jack
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Posted 20 May 2010 - 07:46 PM
......Sigh...... the real world actually touching markets
novel
#3
CLK
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Posted 20 May 2010 - 09:08 PM
The good ole days of the 80s and 90s where one could build
a retirement account of 300-500k with ease on average pay is over.
Unless one trades their retirement account for the next 10-20 yrs I'd say all you would end
up with is exactly what was put in and no more, no gain.
#4
diogenes227
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Posted 20 May 2010 - 09:37 PM
The good ole days of the 80s and 90s where one could build
a retirement account of 300-500k with ease on average pay is over.
Unless one trades their retirement account for the next 10-20 yrs I'd say all you would end
up with is exactly what was put in and no more, no gain.
Yes, those glorious days are gone. That was the time the baby boom grew to its greatest affluence and the indexes grew with it (Who exactly are going to buy all the houses the baby boom built?).
But trading is what we're here for. Gotta buy the Amazons at five when one gets the chance, and never buy Walmart (or anything at Walmart) no matter what.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#5
jack
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- Traders-Talk User
- 907 posts
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Posted 20 May 2010 - 09:51 PM
The good ole days of the 80s and 90s where one could build
a retirement account of 300-500k with ease on average pay is over.
Unless one trades their retirement account for the next 10-20 yrs I'd say all you would end
up with is exactly what was put in and no more, no gain.
The ontario teachers pension fund is fully funded and safe for 70 years minimum.
It is true that many pension funds are illusory or stolen. Still, very very VERY few individuals
can trade for their nest egg. I'm very lucky, sometimes even smart
I'm happy when this hobby pays for itself and a few carpentry tools.
Safe trading
