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Dead nuts on. Funny how a bit of personal accountability and self reflection motivates the soul and changes bad behaviors and reinforces good behaviors. Don't blame the market - it is what it is. Find a way to cope with it first, and once you do that you can find a way to profit from it...

I used to look down upon it - now, with my client work, I insist upon it and I'm a huge proponent. We build accountability into our paper trading because we use spreadsheets that track trade performance metrics, and clients send those to me on a routine basis. We also review paper trades and...

I personally keep screen shots of the chart at the time of entry. I am also setting the profit target and the stop-loss level at time of entry which I also mark via color coded horizontal lines on the chart and those stay until I close out the trade. When I used CQG, I had the luxury of being...

I insist that my clients meticulously document every trade regardless of their performance. We have spreadsheets for trade performance metrics, and I have been pounding on them to keep a journal as well.

The title and OP of this thread is racist.

Yes I did, you just refuse to acknowledge my point. So I'll repeat it for you and maybe you will receive instead of just shouting. The idea of nationalizing the banking system would never garner the votes required to make it law. US Politicians, regardless of party affiliation but most...

Ever notice how most people with the moniker "Big" in front of their first name it's not exactly a compliment physically in terms of body mass index ratios.:D But I'm sure Big Mike is a muscular Adonis as it were. All of this got buried in the BMT website, btw. Coincidence ? But in the best...

The thread died for a reason, Marty. The fact of the matter is that we will be printing deficit dollars and auctioning deficit bonds regardless of what name you wanted to call it - the US National Bank, or the Federal Reserve, or whatever. Semantics. You were spot-on being frank about the...

I can't share the specific sheets without getting my client's approval, but it wouldn't be difficult to build a fine one yourself. Build columns for product, entry times and dates price levels, daily mark-to-market P&L, max drawdown ( on-the-run), closing position P&L, comments about the trade...

Whomever posted that kind of size was enabled to do it by both their clearing firm and the CME. So in that sense, it was not "fake". If you look at your order entry log, there is a credit check with each order entry. If he didn't want them all, he would have cancelled the order once he...

While I have no idea what happened in this particular case, but wash sales happen all the time and they are legal. In electronic markets, Brokers are allowed to show an order to the market for a period of five seconds ( CME Rule 549 ), and then they are allowed to cross orders ( for example, a...

With paper trading, I insist that my clients track each trade's max drawdown. It's a very important metric. Every trade you will ever make is going to be underwater at some point in it's lifecycle. If you can manage to paper trade for an extended period of time it is a much more fruitful...

Well, it may be a semantics point, but there are no absolutes in trading. You don't "know" what's going to happen 5 minutes from now, much less 5 hours or 5 days or 5 weeks or 5 months. The only traders that "know" are the ones I saw on the PBS Frontline special about Stephen Cohen, et al...

Moral Narcissists are living among us And they are up to No Good By Jay B. Gaskill Narcissism is life in a self validating bubble. In its milder forms, narcissism is the infatuation with one’s own personal narrative as if it represents the very center of the universe...

DBPHOENIX: Read the comments posted to the article. The basis of the author you cite and your own commentary in this thread are eviscerated. Moral Narcissists. It's about time we matured to the point where we only spoke for ourselves when it comes to making value statements.

"For white America, confronting its own racism is a lot like attitudes surrounding the virus that can lead to AIDS." What a morally narcissistic statement. And it matters not one scintilla that he calls himself a white man. For a "man of the cloth" that espouses the teachings of Jesus Christ...

As a Caucasian and a tax payer I agree completely that I am a minority and that I am racially discriminated against in the the United States of America.:D But I will not let the ignorance of others and the overt racist policies of my government's affirmative action policies and the modern...

Wash trade or a basis trade would be the most likely scenarios. As a side note, at prop firms I have seen guys post big bids or offers to supposedly "spook" the market into their opposing orders get bushwhacked instead. Size draws attention of the big fish like a moth to flame. Only the...

"it all depends" cliche but true. Individual mindset and emotional response to risk, household and relationship requirements, and capital are the variables. There's no shame in holding down a "full time job" and making $50K a year swing trading if that's your comfort zone. Especially for...

The articles suggest a "calendar spread" strategy - but if you're long both futures and the underlying physical commodity, that argument doesn't hold water. A "basis" trade or hedging strategy similarly would not hunt. After watching the Frontline special on Stephen Cohen et al - where at...