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Annual %s are to lure in clients. Annual %s are good to discuss longterm holding portfolios. "yeah man, my portfolio is up 8% last year, rock on!" But for people make their living day trading? It doesn't make much sense. It doesn't make much sense for independent traders to discuss...

Only one trade today. The next retracements would've been drawn over a range of 6 ES points and I wasn't comfortable taking a trade that wide right now. Total for the week: $1,133.10

...makes it sound like it is an important thing. and ...is vague advice. But then. You're asking a question? I'm confused.

http://www.businessinsider.com/20-reasons-why-the-us-economy-is-dying-and-is-simply-not-going-to-recover-2010-2#the-second-wave-of-foreclosures-1

Oh, you know, I should have been more clear, but by "making most people lose money" I was also implying that they themselves are MAKING money (by causing the other people to lose money).

To the people who move the markets, it's in their best interest to make sure that most people lose money. Taking out stops ensures that other people are losing money.

Well, if fibs are as magical as everyone thinks they are, then there is no risk of ruin I used to have an entire bookcase full of trading books from when I was learning, but I've sold most of them because they were worthless. A few of them had some advice that gets quoted all over every...

Well, a lot of people say it's a "self-fulfilling prophecy because so many people use them," but that's not really the case. The only people who use fibs are noob traders and small players, who really don't matter in the big scheme of things. Do you think a hedge fund moving $MMs daily gives...

Up over $5,000 for the week after commissions (see journal thread). Where are your fib gurus now?

I'm saying fibs are useless as most people use them because they don't have magic powers and price isn't drawn to them. I'm just using them for fun instead of any other aribitrary percentages, such as 20%, 52%, and 69%. I think it's absurb how people believe fib numbers are special, like how...

Made over $5,000 this week on an account with just under $50k. That's an "average daily profit" of about $1,000. Of course, not every day is like that. Today was just over $400. Some days are bigger. Some days are losers. Here's my journal: When I can, I post live trades and charts, and...

There's no PDT rule on futures.

Screw it, I gotta run. Trade ended early, got a bad fill, out at 1149.50. Avg Buy Price: 1149.50 Avg Sell Price: 1150.58 9 contracts $486 before commissions $444.60 after commissions Here's a pic of the trade after it was closed. The 3 red arrows are where I entered short, and the...

I'm about to cut this trade early because I have to go somewhere soon and I'm going to be gone for the rest of the day. Price hasn't moved much since I entered, but I'm now the full 9 contracts in (short) with an average price of 1150.58. Price is currently at 1148.75 so that's almost 2 full...

WHAT ARE YOU TALKING ABOUT DOOD IM USING FIBS CUZ THEY HAVE MAGIC POWARZZZZZ!!!!

Will do. Thanks. I assume I'm allowed to at least block out my account number on the statement

Perhaps you misread the entire point of the other thread: fibs have no power. The don't "portend" anything. I have never, and will never, claim that fibs did anything special, or that price was magically drawn to them (unless I'm being sarcastic). So again, I just changed my normal entry...

Live pic of my first trade today. Target profit is 1145.75. Stop Loss is 1153.50 but I haven't put in that order yet, as you'll see, cuz I'm still at the first level of the trade. Attachment: 3-12 first trade.jpg

Careful, that's approaching the logic used by "guru" scammers. I know you're not one, just saying. Like the "guru" will present some trading methodology that doesn't work (altho he will tell everyone it works), and then someone will say "whatever, that doesn't work." And then the "guru"...

I've been doing something similiar for a while on long term charts with indexes (not day trading). The futures daytrading is more recent. To be honest, most of my wealth (and the funds that I'm trading futures with) comes from averaging down heavily in weighted ETFs during late 08 early 09...