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+ $262 Morning watch list was AAPL and POT long, AMZN short (always seems to rally on the open, then fall). Unfortunately, my PC was all bolluxed despite the fact I performed my Sunday computer maintenance and everything seemed fine last night. The market opened and my charting platform was...

+ $262 Had a nice one today where I actually gritted my teeth and let a winner run!

Come on, Red, you been around long enough to know big winning weeks are FAKE!

Quote from lescor: The thing that's helped me get to another level is to truly not care about money when trading. That sounds counter intuitive, but I mean if you can train yourself to not care about your p/l, and only focus on executing, you will be better off. Every trader has been in a...

I disagree. The price action during the Dubai panic selloff that occurred in the futures over the holiday was quite different. There was a strong bounce off ES 1067 outside regular trading hours, and buyers came in very quickly at a much higher low than the monthly trend line would've allowed...

I disagree. Confidence is important, but striving for perfection in following trading rules is crucial. Confidence without strict adherence to rules and trading plans can wipe you out. Without perfection in following my rules, I'll always be at risk for losing more than I gain, and I'll continue...

That hammer Friday was formed right off the 200-day EMA. Technically that leaves the longer term trend still intact (the up trend that was confirmed in mid July when price broke up through the 200 EMA and stayed above it ever since), but Friday was the first visit back to the rising 200 EMA...

And here I thought you had a grip on proper risk management... :D

ANALysts are a lagging indicator whose purpose is to serve their paying clients. The following dramatization is based on ACTUAL ANALYST EVENTS: 11/30/09: Goldman Sachs upgrades X to Conviction Buy, saying steel prices have bottomed. 1/5/10: Analyst clients: "Hey, nice job helping X run...

On my most profitable days I take 1 to 8 trades. My biggest losing days over the past year (not counting my string of order errors and rogue positions while learning to use IB after switching frm Etrade), I believe I took anywhere from 40 to my all time record the other day of 110 trades...

We have a small amount of income each month from a note we're carrying, and as for debt we've no car payments and no credit card debt. The only thing standing in the way of making $1000+ every single trading day is me. By continuing to convince myself what a tremendous "edge" I have by...

Spot on! It's because of seeing posts here like NYSE and Red_Ink and watching jack move to the next level over the past year that I can easily endure "all the labour and risk and mental torment" while I'm learning, and come back in a positive mood and ready to rock after every frustrating day I...

Why do you guys think he's a fake? Because he posts big numbers? I have an IB demo account with some obscene amount of simbucks in itand I've had many days with $50K+ gains from sim trading. If I, as a noob, can pull that off, why wouldn't a really good trader with a large trading account be...

So Robert had an $800 down day after a couple $1000 up days. Keep the losers smaller than the winners, that's how the game is played successfully. I'll trade 100-200 shares until I've proven that I can follow my trading plan and allow my winners to run. Then I'll size up. I'm making enough...

He sure did. Kind of reminds me of the old test for how well you follow directions: http://www.kidcrosswords.com/kidreader/old_candy_factory/directions_test.htm

LMAO! When I first saw this I thought, "Oh no, he had an overnight ARG short..."

RJ, I offer my humble opinion regarding your journal: You aren't really offering anything with this journal for yourself or anyone else. You don't describe your trades or why you put them on and take them off at the points you do. You don't post charts so we can see the setups you...

I left early today, but before I left I saw a trade setting up and thought, "Maybe I should just put on the trade, set the stop and see what happens when I return." I didn't do it, though. (Chicken!) And of course when I returned later, it had moved over a 1.00/share from where I thought about...

Are you kidding, the reversion doesn't get any better than today.

+$212 Day +$336 Week Short AMZN @ avg price 115.81 because the price action felt really weak right off the open, covered @ 114.74 pivot off oversold for +$212. Out for the day. Have a great weekend!