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no, that is not true. see my explaination above post.

there is no money left in 585 put. it does not matter where the closing at. if aapl closed at 585.9, and 585put last at $1, it is still worthless. it is pretty normal. since there is no trading before the closing. the last print does not represent the put value after closing. you can...

sometimes my ego is so strong. that messes me up. particularly if today I do chase ZN and shorted it at 128'030, and I was stopped out at 128'075, I may get mad, then sell every dip on ZN, that easily creates a mess. I do have this problem. it seems to me I must prove "sell on the dip" is...

I agree. I sometimes wait too long, then just at the end of the move, then I jump in. I find this kind of trade is the safest, also get easy burned hard. that is why I buy OTM options, I rarely trade ITM options. I made money on AAPL 620 call march 16 options, kind of funny, aapl still at...

I found the problem is not totally ego. I am mentally weak. yesterady I shorted gold at 1668, jun mini gold MGC (I can average up easily,plan to add ) with my stop at 1680, but when I woke up and saw it droped and covered with 20point gain, my plan is hold toward 1580. why I covered it, I...

the ME /EGO changed my plan, even let my plan go astray! thanks lots of helpful discussions.

here is my troubled trades. I woke up around 3:50am (the time in chart is 1hr shifted), saw ZN hit resistance 128'200 (yesterday's low) and started to fall (tiny double top), shorted it at 128'155, planned to cover at 128'115 (support), then covered it at 128'180 the next two trades are...

your post is ignored. not relavent to the thread.

I think i should not put this thread in psychology, because Ego is not psychology. but ego creates emotions, like sadness, frustration,anger, joy,... first I need say I have a strong ego. that hurts me. I often find myself to argue with the market, or fight with the market,t.... when i...

very common. my guess is: you are trading for P/L. I often get this problem. when I lost a trade, then I found another trade quickly, and I got another loser. I guess I was trying to fix those losers. I know I am stupid, how can I fix a loser? the best way is stop trading. after I totally...

when people start to talk about trading education, I feel his/her trading career is over. ET is just for fun, not for trading, I need congratulate Nodoji. good for Nodoji to leave ET and start to mind her own business. what Nodoji talked about, most I do not agree. trading is very...

before you leave, find more losers for us. winners love losers, losers are their butter and bread. if all losers go exodus, oh no, then there is no winners?

market is an animal, not a plant. animal crazy, sad, sorry, excited,.... when you praise them they rise. when you do not like them they drop.

Education is not the key. Bill gates is a dropout, but I think he did best among his classmate. Zackburger is a dropout, but he became the youngest wealthy guy. Edson .... in some way, education hurts creation and innovation. education in some way made people think, act in bookish ways...

withdraw the profits. profits create distractions. subconciuosly you are thinking about how to deal with profits: withdraw? hold? keep it and grow more? and on and on, those questions are not trading ideas!. the easiest way is give back to the market. the hardest way is withdraw and give it...

I used visualization to get my driver license when I immigrated to U.S, i real driving one week then passed in the first road exam. I practice driving in my meomry. very effective. in the learning stage, visualization is good. but after you mastered it, it is a distraction, will create...

you made a point. look at those 401k guys, they never touch their accounts. they lose nothing if they hold through this 2008 crisis. so the majoriy does not lose. the losers are those who trade frequently. the more often you trade, the more chance you lose. warren buffet does not trade, he...

I once bought DOTM exm (earning play) $3 strike call at 0.1 with a big size, thought I bought $2strike, late I realized I made a mistake. but end up, i sold half at 0.15 and another half at 0.1 with b/e. I thought I will lose this money, luckily I made some. at some point there is no bid at...

ITM options are good too. but if you day trade options, they are not. if you do weekly swing or overnight, ITM is a good choice, but you need limit your size, also look for those with almost no premium. I trade C/QQQ/SPY overnight using ITM since almost there is no premium. but to AAPL, I do...

trading is a gambling activity. no matter how you bet, the results are uncertain. if you are a technical trader, you bet your setup. 1) the setup works and you do not know how much you will win and how it works, it may give you little and if you do not take it, it may take your money and...