By Scott Welsh

‘Sort of’ is such a harmless thing to say… sort of. It’s just a filler. Sort of… it doesn’t really mean anything. But after certain things, sort of means everything. Like… after “I love you”… or “You’re going to live”… or “It’s a boy!”      -Demetri Martin

We talked a few weeks ago about why so few traders turn pro. True, there are definite obstacles for anyone who wants to be independently wealthy or the best in the world. But the biggest reason so few people turn pro is the one we can never escape. We don’t turn pro because, in our own mind, we don’t really want to.

Here’s how the journey goes for most of us. First we get an idea that we really like. Then we develop a passion for that idea because, at first, everything is new and shiny and wonderful. And then we say something like this: I want to be a trader!

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The Traders Podcast with Rob Booker

For Episode 304 of The Traders Podcast, your host Rob Booker begins by discussing higher education and the debate over whether it’s still worth the time and expense. Next Rob follows up on the discussion from our previous episode by giving some specific steps for preparing to trade for a living. Rob also provides a checklist of tasks that should be accomplished prior to quitting your day job. And at the end of this episode, Rob teases a couple of forthcoming surprises (a three-part video series and a new podcast) that are very exciting! Thanks for listening.

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By Brian Acker of Model Price

Looking at what the US market did for the month of October, I reminded of what I would call a “Crazy Ivan”.

Yes, this is reference to the infamous movie, “The Hunt For Red October” where we were introduced to Russian submarine captains making aggressive maneuvers, turns, on a random basis to see if a US submarine was shadowing the aforementioned Russian sub.

Have a look at our model price chart below and see if you don’t agree.

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By Chris Berry of Disruptive Discoveries Journal

This note will be shorter than usual as my travel schedule seems to have gotten the best of me. I recently returned from Costa Rica and am off to Europe tomorrow with Zimtu Capital to join them in Frankfurt (Nov 6th), Munich (Nov 8th), Zurich (Nov 10th), and Geneva (Nov 12th) as a keynote speaker on their annual bus tour. If you’d like to attend any of the presentations (numerous TSXV and CSX companies will be presenting as well) please let me know and I can get your name on the invite list.

The recent swoon in the metals markets likely has all of us questioning our faith and resolve. Personally, I see no reason why gold and silver, in particular, can’t go much lower and stay there indefinitely. Ultimately, supply and demand always equilibrate, but it can be painful waiting for this to happen.

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