Recent content by Albert

I'll tell you what I do because I am only profitable in the mornings. I quit day trading at 12 EST. Since I swing trade options I use the afternoons to find appropriate candidates. I don't even start looking until 3. That is when the inevitable run up before close happens so I get them fairly...

I'm in my fifties and 1 minute can seem like an eternity. I trade 1 minute and 80 contract charts, depending on my adderall levels (JK) but I only get about 4-5 trades a day with that. I end up having to trade 3 or 4 different securities just to get any trades some days. What it sounds like is...

You do realize that there are banks that acted as adults and lent responsibly while those around them ran amuck? So you hate the government for making them forget first principles in safe lending practices? Hmmm. There was plenty of money around after those reckless bastards failed and continue...

You cannot possibly be betting the house on 1 indicator? Really? Did you go back and look at how long stocks were above their 50d in the 98-99 cycle? Jeez. For christ's sake, at least wait for a divergence. Why don't you enumerate A FEW coherent reasons to salvage your reputation instead of...

Obviously nobody has to do this, but it might be a good exercise for some of the more intelligent posters earlier in the thread. I would like to see a graphic or flow chart of the causes and consequences that we are talking about with regards to these economic predictions. For example if step...

I just think that a "percentage" return is meaningless. It doesn't take into account increasing or decreasing size based on equity run or market volatility or any number of factors that come into play that are personality or system dependent. If you are looking for a metric than look no...

Interesting. I have tried to get people to the table and have NEVER gotten any of them to do the simplest of things. Namely, to keep a journal, where they can be honest with themselves and see their good and bad trades. You can hand them the keys to the castle and they'll drown in the moat. A

Overbought? No need for any indicators. 10 up days in a row on the indices. I've never seen it happen. Doesn't mean we won't have 20, but wow, I've been sitting on my thumbs waiting for the 3-5 day pull back and I'm getting nothing. I'm starting in on some put leaps because I'm getting that...

I have a list of rules (which I sometimes follow) and the number one rule is "don't talk about your trading." It is as sure as day following night that the minute I start talking about my P/L, my strategies or giving advice to somebody that the plug gets pulled and the account starts to drain...

Yeah, it is called a "hobby" and it may turn out to be more satisfying than your JOB. And it has to be scheduled time, written on your calendar and inviolate. Otherwise, it is just a diversion and no more important than watching the idiot box. Self esteem comes from doing something that you...

When I have been most profitable I have been a P/L trader with watching my account value going up, up, up. The flip side is that I have been paralyzed into inaction or indifference as that P/L went negative. On the other hand, when I have been most successful (profit level being the least...

I think the great boogey man in the sky would applaud your tolerance. Well done!

January 3, 2001. That was the day Mr. Magoo wanted to be a rock star and give the market a solo. I hopes he rots in hell! Where are the psychos when you need them? I still am throwing a party when that nincompoop dies. It is the least he can do for his country. I came back to look at the...

And that is why there is a permanent underclass. There is, apparently, an inexhaustible supply of stupidity out there. Maybe that drug addict Rush can explain everything to you jags in simple terms- but I doubt it. Albert

OK, down to my last 250. Go ahead and short. Should be interesting. Albert:eek: