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Do you want to be right about the 400% or make money?

None of us when we take our first trade are aware that we are not wired correctly in our brains to trade markets. We discover this the hard way. Mine came from a number of sources. Fascinating articles in magazines (TASC, Active trader,…) and the trade shows in the last 15 years have given me...

You are right sir. About both of my previous notes. In the heat of the moment I did not use my head. I apologize and have learned another of life’s lessons. ...

I have traded with Tradestation these 12 years since before 2000I and I can tell you - you will never ace the market (I don’t mean that personally) and there are no quick simple answers – just hard work running a trading business. It's just a fact we must accept or we will probably never be...

Risk Management and Money Management is part of Trade Management. Trade management is not about controlling the strategies internal algorithms. It is the process the trader uses to control the trade from design through production in your trading business. Trade management is not time frame...

Then may be it is time for some of us who are “Idiots” to leave ET and find another forum where we have the freedom to discuss our trading ideas. If ET cannot handle dissent in its forums I doubt it will survive another year. This is the price of freedom; to give all a chance to have their...

Sorry but I don’t know what you mean. I tried for several hours to define a trading business plan from these statements. After many attempts I gave up. Then I had a great idea. I would talk to some one younger than me who better understood this type of business language. So I emailed my savvy...

Steve jobs set up an excellent business plan that Apple is still executing. In the short term they should still be able to perform. Longer term is the question. Is there leadership in Apple that can move them into the future? That has still not been decided.

Apple is a primary stock I have traded for years. If you chart apple on the daily time frame and do some different technical analysis you may get a different perspective. First draw regression channels from October 2008 until today. You will see Apple is in the middle of channel and quite a ways...

Traders on many of these forums continue to use smoke and mirrors to talk about how they manage their trading as a business (I am not singling out any one). This happens because many traders do not think or write in business terms and that is why their trading businesses fail. For example I can...

Which one would I pick, The normal or the abnormal? You pose an excellent question. I will answer with a story. The story tells of a lesson I learned the hard way some 22 years back as a database administrator (DBA). The story goes like this. I was in charge of all of the databases for a...

We are still in a bear market with a lot of downside momentum. I would like to see a 1-2-3 reversal before I go long in a big way (as described by Vic Sperandeo in "Trader Vic: Methods of a Wall Street Master") 1. A down trend line broken 2. A higher low in the uptrend. 3. Above the...

Reading the comments on these forums is fascinating to me. There are so many unique individual traders each successful in their own way spouting their trading religion (that is what they worship in trading…including yours truly). Halleluiah! All traders (whether they admit to it or not) are...

I retired 3 years ago as a banking manager in IT to trade full time. One meeting from the wild era in banking stuck in my head all these years. It tells an interesting story I never forgot. I was sitting in back of a large project meeting in the late 2000 in the newly formed BankOne. All of...

I'm now trading full time. I retired as a bank manager in IT, but I still talk to my banking buddies who are still employed. On a phone call recently to a banking friend, who is a mortgage manager at Chase, I asked the same question. He chucked and said “Oh the treasury could do that easily...

Vikasd. Sorry but I did mention a thing about earnings. The post was not about earnings. I don’t care about earnings. Earnings are irrelevant right now because you could not get two in a thousand economists to agree on the same number at this point. This market has been moving up and down...

It is more than just financials. Look at every major sector in the S & P using any technical analysis method and every thing is in the crapper. All are blinking buy signals for a short term rally. For example RSI (14) is at 28.90 on the daily XLF. But these indicators don’t mean anything...

You have some interesting notes about forming a market bottom. I’m curious about who the Elliot wave guys are you speak about? If they are right then we should be in Wave 3 down and pretty close to completion? I will have to dig out my copy of Advanced Get to see how far it predicts the bounce...

You asked a great question. I asked this one to myself about 11 years ago when I built my first strategies. It’s a tougher question under the surface than it first appears. I have spent years testing many of these combinations. I will answer it using automated trading strategies. The first...

I would like to inject a little theory about market bottoms for the current bear market…. Back in early 1990s I read an interesting article (TASC? sorry I didn’t save it) about bear markets which have other than the garden variety of economics associated with them (for example the tulip...