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When you owe the bank 10k, you have a problem. When Iceland owns the bank 100 billion dollars, the bank has a problem.

Aww, I guess thats it. Overnight played a big role in my desicion to short. That overnight action was only slightly bearish, but the first 10 minutes of the opening bar coupled with ES exceeding previous swing high coupled with overnight action was quite bearish, more than 50% anyway imo.:eek:

Why didnt you short right at the open? All the indicators were pointing on a down day. I shorted right at the open when I saw how the opening bar was forming.:eek: edit: I also covered at 3 pm

Its true. This iss all the fault of republicans. They lie to americans. Listen to glenn beck, he doesnt even make sense anymore. (crazy!) Repubicans lie and distort, oh USA has progressive, wait LOL why does Warren Buffett disagree? LOL Óh guns gays and god more important then a 1.7...

Looks like I was right about exiting at a small loss. If I stayed in would have had a bigger loss. I really don't like the stair step down pattern, its different from normal selling. Todays action right now kind of resembles yesterdays stair step down. Still looking for a better opportunity...

ET attracts many delusionals...

Hmm I sold my long pos at a loss.. this market action to reminiscent of flash crash.. saw like six 15min candles in a stair step down pattern, as if HFT were turned off... going long when I see a better entry.

I guess it's happening sooner than predicted. Emini was at 1320, now already at 1330+

... in a few weeks. This market run is far from over. This pullback needs to be bought.

As if newbies are able to raise 20k money without a track record. LOL where's the common sense. Family is good for money but not 20k.

it is arbitrary it is meant to make the pond smaller. Not all people have 25k alot have just 5k. smaller pond means less fried newbies.

lol thats not my logic at all learn to read. In fact I know how to make money daytrading, which is being better than other traders. I said daytrading is a zero sum game just like poker. de PDT is a godsend because people need to be protected from entering a zero-sum game like daytrading...

PDt is a godsend. Daytrading is a zero sum game. Lots of lsoers, few winners, like poker. Just because a few win doesnt give the right to make many lose. They will feel duped, like me. That said, they should implement PDT for futures account too. It is already implemented for options...

??? What happened? Did they get delisted?

tHE MINDSET OF A TRADER IS LIKE IN POKER. BE BETTER THAN OTHER TRADERS. because you need others to lose, in order to win yourself.

all the wins and losses combined off traders = 0. now, even if we ignore this fact, getting a fixed price in a volatile market due to speculators is that really value? WIthout speculators the market wouldnt be volatile (example oil 2007). My 2cents.

the market is zero-sum for traders. The market is not zero-sum for stockholders.

Trading is not a true business. Its a zero-sum game like poker. You need losers to get winners. In businesses, that's not always the case, but it certainly is always the case in trading.

businesses aren't a zero-sum game like poker or trading is. it adds value.

Trading is a zero-sum game. Thus the way to make money consistently is being better than the rest OR selling subscriptions to traders (which incidently is a business venture). Without Elite losers no Elite Traders.