Quotes of the Day

What is the minimum amount someone should trade with? A safe bet would be about $25,000 to $50,000 for futures and $100,000 for equities. When trading with these amounts it’s reasonable for a decent trader to expect to make about $5000 to $10,000 per month in a good month while still being somewhat conservative in his trading. [2003] - Marcel Link

The Six Basic Fears: 1. The fear of poverty. 2. The fear of criticism. 3. The fear of ill health. 4. The fear of loss of love of someone. 5. The fear of old age. 6. The fear of death. [1937] - Napoleon Hill

A 3 percent premium is a reasonable price for a purchase of at least four ounces of gold. A slightly higher premium would probably be needed if you are buying just an ounce or two, of if you want some of the more popular bullion coins, like American Eagles. [2008] - Shayne McGuire

Professionals tend to use 50-day and 200-day SMAs when they are analyzing or trading securities. Moving averages and their crosses are lagging indicators, they are more suited for trading longer-term. It is at the beginning of trend changes that corrections and price swings tend to be at their biggest, making the longer-term averages and crosses more analytic tools than trading tools for more experienced traders. [2010] - Jay Norris

Small speculators are not the contrarian indicator of the COT report; in fact, they are not really a useful predictor of market direction one way or the other. The noncommercial traders are the contrarian indicators of the COT report. They tend to be wrong more often than the small speculators. [2010] - Ed Ponsi