Losing (for the majority) is a must, because of the negative sum nature of markets. Therefore, no amount of rules (designed for the majority) can save the majority. Even if you become part of the minority, you may still need to be in the minority of the minority, because trading is not a zero-sum, but a negative sum, where others (who do not trade/ do not take risks/etc) have to be paid first from the market, and are paid with certainty. PS: The above analysis assumes a trading population.
If you count the millions upon millions of people who have had IRAs and other pension funds for 10, 15, 20 years, then there are a LOT of people who have 'won' in the markets. It all depends on the population you're talking about.
SP500 futs intra day chart now gives bearish warning so maybe yesterdays rally is ending. The sideways chop and short covering spikes is caused by recurring buy support conflicting with significant sell pressure. As mentioned, the big picture remains bearish and this will ALWAYS exert the most influence. The only thing GUARANTEED is that the bearish medium / long term cycle will have the upper hand.
The market is going up because it wants to go up and because there is more demand to buy or cover than sell. I don' trade fundamentals, they are misleading and confusing. Technicals, although not perfect, are much more honest than fundamentals. By using fundamentals you create a bias, and many times, in fact most times, an incorrect one. Let your only bias be price. FoN
At $7 gasoline, the current idiots in Washington will have no choice but to reign in the Fed, as they will need a scape goat. Obama will never get re-elected with gas that high. Never.
Rep. Michele Bachmann is promising to get the price of gasoline back below $2 a gallon if she is elected president. http://content.usatoday.com/communi...promises-to-low-gas-prices-below-2-a-gallon/1
I'm not defending Obama, but I remember gas was skyrocketing toward $5 a gallon at the end of Bush's reign. Maybe it was a lot cheaper in Minnesota.