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The "psychology of it all" was not "essentially taken out". It was simply ignored. This worked because of the market context at the time (pull up a chart of the market from the time this thread began, in 12/08, through the upcoming year). Under normal circumstances, the psychological impact of a...

Well said. If whoever you're reading isn't telling you exactly HOW and WHY he's entering a trade, you're reading fiction. Why people weave these tapestries may be a subject for extensive discussion, but none of it will make you a dime. Aside from the ethics of cheating one's employer, can...

As long as she's following her trading plan, there's no reason to think that her trades aren't legit. Of course, he doesn't know anything about trading plans, and he started off the day wrong, so it's understandable that he'd be a bit touchy.

Without specifics regarding the trading plan, it's not an example of anything other than how imaginative one can be. But, whatever.

This is a perfect example of why so many on forums like this fail, chasing after mirages over greener grass. You have no evidence whatsoever that any of this is true. But even if it were, it would be irrelevant. The OP needs to pursue his own studies, formulate his own hypotheses, develop his...

Excuses. Sorry. The central problem is that you have no plan. Your preferred "style" is important only insofar as your plan is tailored to accommodate it. But the market really couldn't care less what your preferences are. It's up to you to determine what the market's demands are and then...

Yes, it's terribly funny. :) All that aside, what you may be looking for is a measure of probability, i.e., what is the likelihood that whatever you're thinking of investing in will blow up in your face. For a mutual fund, for example, this probability is low. However, the probability that...

For those 46 of you who are following along, price was turned back at the halfway mark (the dashed blue line) before a long was triggered and has now made a lower swing low. Therefore, the short is still on.

One way is to determine how close you are to throwing up. Another is to assess how close your bowels are to loosening. But before you get that far, I suggest you read The Nature of Risk.

Blue Line Jumps 11% :)

+1

An update on the hourly:

I agree. He can't have much in the way of stats after only a week, and his view that he does "really well" during a certain time period doesn't mean much if he has no means of determining "really well". Without knowing exactly what his method is, the thread winds up being another one of those in...

And what system were you using to trade stocks interday? It may not be necessary to start over.

Given the low volume, sellers seem not to be esp interested in resisting the move. For now.

Those who've followed the earlier threads know that once the demand line is broken, one looks for a short trigger off the first retracement thereafter. This occurred at today's "open".

And speaking of showing their hands . . . :)

It's true that books aren't going to do you much good, if any. But you say you've been at this for only a week. What is "this"? You've been registered since '06 and have made several hundred posts. What were you doing before "this"?

I understand. And if you're scalping, the microtrend may be the way to go. However, the NQ double-topped on both the daily and the hourly, then dropped to make a lower swing low at 0600. This created one of those gaps which occur only when the market is closed. Since we've had lower highs since...

Why are you going long at all?