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I've sold most of my trading books already, but during my recent move I found a few more. Make an offer if interested: You Got Screwed - Jim Cramer (hardcover) The Candlestick Course - Nison (paperback) Come Into My Trading Room - Elder (hardcover) Come Into My Trading Room (study...

Starting this week (most likely on Wednesday) I will be resuming this journal. I am starting to get my life back in order and am ready to begin intraday trading again. In the past few weeks (while taking time off from day trading) I have been acquiring a large position in weighted ETFs using...

You're still missing the point. "Wear your seatbelt" is general preventative advice that is common knowledge. Even if you've never been in a car before, you still know that "wear your seatbelt" is good advice. Talking about specific trading strategies, however, such as pitchforks or dark...

All I'm saying is there are already enough people in the trading world who are acting like gurus when they are not profitable themselves. It's one thing to say "here's something to look at" but it's another to present "advice" as factual in the context of "this is what I do to make money"...

konviction, I see that you are giving a lot of advice. Are you a profitable trader yet?

For those of you following along at home, I have been buying a lot of index ETFs during this little down trend that we're having now. This is on a longer-term basis; not day trades. As I've mentioned before, the majority of my wealth is from averaging heavily into weighted ETFs during the...

Yes, although recently I've been doing more longer term trading and not as much intraday trading as before when I was updating this thread every day. I plan to get back into intraday ES trades again as soon as things settle down and I hae more time to devote to it.

Hey I just thought of something, you guys that are interested in the .pdf, would you rather have an actual physical book instead?

^ I'll address that in the .pdf.

What's the possible loss? (what's a CFD? Is that one of those things they have in Australia?)

Just emo shit. I didn't even want to get out of bed for a few days there. lol @ having a #1 but no #2 :D Horizontal lines, yeah, to an extent, yeah I do sometimes.

So I'm starting to get back into trading now after a crappy couple of weeks. I'm about 50% done with the .pdfs.

Yeah, because you know those .gov sites are full of viruses

I'm still working on it.

^ This. The average price is below the 50% point, then, which I view as necessary to the profitability of this strategy. As for the .pdf I'm writing, it's turning into a book at this point. heh.

Not exactly. That wouldn't put the average cost below 50% I don't think, although I haven't done the math. Then again, your 3/3/3 example wouldn't, either. As you said, 3 @ 33%, 3 @ 50%, and @ 66% would put the average price at 50%. Remember the reason behind why I average down the way I do.

My apologies for not updating. My relationship with my fiance fell apart over the last week and I haven't traded in a while because I haven't been of clear mind. I'm actually a bit of a wreck right now.

Glad you realize that :D Fib lines don't have any special powers. Yeah, I'm putting together a .pdf about all that stuff. It's taboo cuz most people can't do it. As long as you have clearly defined stop limits before you ever enter the trade and you know how much you can lose, it's...

Oh, yeah. That's true. You run into other problems besides PDT rule. Trading the S&P for example, you can buy 1 contract with $500 margin. Yet say you're trading SPY, and say for simplicity's sake it's at $100 per share. If you wanted to buy 100 shares you already need $10k right there...

Well as with any trading, the wider the range that you are trading the less important slippage is. If you're scalping for a few ticks, slippage will ruin you. If you're swing trading for 10-50 points, who cares about a tick or two of slippage. That being said... The percentage...