Very nice! So these are examples of what you would consider making money and not 'creating wealth', correct? TIA
I miss the old stuff too. So much that I started a thread for such fisticuffs. Enjoy http://www.elitetrader.com/vb/showthread.php?s=&threadid=222471
An example of making (creating) money not earning money. No clue about the wealth part, some of these guys I am sure make these numbers monthly, so I guess its relative. Surf
If you think you can predict direction with that kind of specificity, 92%, then you are well and truly clueless. You don't even know what you don't know, do you? How did you arrive at 92% and not at, say, 91% or 93%?
Based on my system, that's what the odds are right now for tomorrow to close negative. This is not taking into account any positive black swan type events and is based on price drivers not price itself. For example, one of the metrics taken into consideration was the first day of fed meeting--- what has happened in the past over the years...With similar surrounding events.
Hmmm, I thought your distinction was between making money vs 'creating wealth'..."creating money" sounds more like what the FED does.
And you're going to assume a probability with such numeric specificity? No, not 91% or 93%, but 92%. Come on, you realize you're doing stand up, right?
They are also for journal ists. What is your function and/or purpose then? I am certain several of the more respected professional traders on this site would be humored by your opinion and excuse for avoiding making any real time calls. Don't you believe noobs could benefit from your journal? I know you claimed you were here to help noobs like a good vendor, or future vendor to be.