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Forgot to finish the fish story: the fish died. I'm not kidding, this is a real experiment. Moral: don't let this happen to you, there are many ways to die; the wrong belief can destroy a potential fabulous life.

I realized that some of you may have thought all this talk of beliefs have gotten us off track. Not to worry, heres more on hypnosis and beliefs. Because the very way in which our language and our senses work we, as humans, tend to live in hypnosis. It's not something you need to do, it's...

I think the most destructive beliefs are those you don't even realize you have, so you've got to be honest and open with yourself in investigating anything that might be affecting your behavior. For myself, the worst was an idea that "nothing ever works out for me". How's that for useful...

It seems to me that intuition is the common link among truly great traders (or for that matter any skill). I think there are two kinds of intuition: 1) you just get so much experience that things start to get automatic or unconscious. 2) what some might call a psychic power to instantly know...

I wonder what "bag holders" Barrons was speaking of. If you were long, you wouldn't be left holding the bag, and if you weren't, you might be frustrated not being able to get short, but you sure wouldn't be holding the bag.

If (and that's a big if in this environment) SSF's take off, you can bet your bootie that the uptick rule will go away. The stock market boys will be crying boohoo about unfair competition from SSF. I can't wait.

Race car driver and jazz club owner, and oh yeah, prime minister of some 3rd world country

Appreciate the response. That's great as far as it goes. But when I'm trading an opening gap on a 30 sec. low looking at 1 and 5 minutes charts, and that data is wrong, fixing it later won't help. I guesss just one more thing to watch out for.

In this case, the daily is correct (I compared to some website quotes and to Realtick), it's the intraday chart that was off. I looked at SPY, some NYSE stocks and some Naz and did not find this again. I can only hope it's a rarity. I've spent an incredible amount of time whittling down to my...

nkhoi, no challenge taken, just wasn't sure what you meant. Yes, besides my own changes I personally know several people who have applied this and made it work (as well as most of the other NLP and hypnosis stuff we've been talking about, but of course there are endless ways to improve and...

I feel extraordinarily foolish, after having said good things about qcharts, and then noticed something very disturbing today. I was discussing the DIA's with a fellow trader. I keep a daily, weekly, 60, 15, 5, and 2 minute chart linked. The daily chart shows an opening price of 78.48 (and...

nkhoi, not sure if I understand your question. If your asking whether or not there is any, shall we say, scientific evidence to support this: well, I don't know. More importantly, it doesn't matter. Usually, waiting for the "experts" to say something works because they discovered how it works...

Oh oh, AAA caught me again with a potential semantic problem, :) Example:ESRX and naz futures on 5 minute chart from 10am until 11am on August 8, 2002. While the futures are dropping, ESRX is basing at the high of the day. When the futures start to pop, enter ESRX. The advantage to going...

I've always thought of a pivot high as a bar with at least two lower highs to each side, reverse for a pivot low. Am I missing something? Is there a more accurate way to define a pivot point with a formula? Thanks!

ramuk, thanks for the kind comments, just trying to give something back now that I'm on my way. chicago, couldn't agree more. I don't think most traders realize that if you trade relative strength/weakness based on the futures compared to sectors or individual stocks what you are essentially...

AAA, I'd say you hit it on the nose. Two people with seemingly identical beliefs can produce wildly different results due to interpretation, experiences, environment, etc. NLP trys to make communication more accurate (primarily through a device known as the "meta-model") and hypnosis attempts to...

Andy, the golf analogy as well as your other observations are right on. AAA, I would respectfully dispute that trading is about p&l. I believe it's about managing risk and probabilities, not being right. Dollar counting is a sin that can ruin a trader. If you trade well, the profit comes...

ramut, as far as I know there is only one generally followed pc ratio put out by CBOE. I believe they also have one base on dollars instead of volume. On Qcharts the symbol is PUTCALL. On Realtick I think it is $PCRATIO, but not sure. Just check with your charting provider. I watch for...

AAA, let me try and give you an example based on the idea about no such thing as a bad outcome. More specifically, what is meant is that in absolute terms, nothing is good or bad; rather merely a result that may or may not bring you closer to that which you desire. I don't mean good or bad in...

I use TICK, TRIN, p/c ratio and of course watch the futures. For end of day, I look at VIX, VXN, a moving average of p/c ration and a moving average of TRIN daily close. I also keep an eye on the TYX (bond rate). You might also consider PREM, but I havn't figured out how to use it effectively...