d00d, here's something to think about: If you have a random way of entering the market, like what the guy below suggests, then you can still make money by having a good exit system. Think about it. It's not like playing roulette because exiting the trade is up to you. The game doesn't end until you decide when it ends. So, if you are able to cut your losses short, and let your winning trades kinda run on a bit (by using some information or other), you have just made a system that will make money.
Well your right, xiaodre. Just like Raven - the dart throwing - monkey! But the success of Raven was that he 'basket' traded. See, its not all that difficult! Tom
Sorry but a quote like this above is a confirmation the market ioverheated. Nothing against you mate but when everyone gets in its time to do the opposite
xiaodre, You may not get it but red ink is offering the op more valuable advice than most of the posters here. Its subtly disguised but its actually very very good advice. I am optimistic that he will ignore it (not being a prick or anything).
If I were you, and have a nice sum of money. I would take some of it and put it in a business that generates cash. Get you some bread and butter coming in. Paper trade for a while and if you become profiable open up a small account at ib and see how it works in a real market.
dood, If you still want to get into this 'game' let me know. I will recommend some reading material that helped me when I first started out in this 'crazy' business. With a little reading, thinking, patience, and a dash of luck you can have an advantage. I think you have what it takes = maturity. Tom