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    CL Redux

    The UN Security Council resolution, passed on Thursday, authorises a no-fly zone over Libya and "all necessary measures" to protect civilians from attacks by Muammar Gaddafi's forces. what do you guys think about this news? I am thinking this news is encouraging for other non-demecratic...
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    CL Redux

    out with minor loss, the trend is so strong, fight it is not worthwhile. limit sell order at 107.67 overnight
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    CL Redux

    will go down, some big guys try to scare small guys, those guys almways do that,last night they gun down stop sell, then make you think or lock into sell pop mode, they are artists! shorted May 104.23 with 3 lots, not afraid keeping go up.
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    CL Redux

    almost thought to short at the closing,man,they ran another 2points in the opening, gun down stop buys? afraid to jump in, I believe it may kiss old high this night?
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    CL Redux

    you can not be too technical. who knows Japan had earthquake at that particular moment on that particular day, just who knows.
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    Trader P/L 2011

    $54098 first time hit mid-5digit with a 70k account
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    Consistency is my goal

    the only consistent method, as I know is mechanic or robot work. but tell your the truth, a mechanic method or programmed work will not work,even produce a perfect consisten results, but not consisten gain. trading is anintelligence game,otherwise the computer will do better job than you, or...
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    CL Redux

    that is the exact thing I observed I thought those people who put a stop before the night opening are totally morons, YM down almost 200points, CL almost 2.2points, when reviewed the chart, you knew those price levels are exactly yesterday afternoon's low, I put a limit order there, did not...
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    Consistency is my goal

    your annual goal is $150k trading day in a year is about 250 days, may deduct some for holidays/vactions/sicks, how about 220days that is about $730/day, actually that is ideal I saw lots of your gains are above this level, and lots of your loss are above this level too normally...
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    Your Own Worst Enemy

    no need to waste money? to me, if trading is really a game I want. there is no such thing as wasting of money! you mean loss? that is part of the road toward success, just like a ticket to watch/enjoy a show in trading, the thing is you must pay the price first,then you may net your...
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    Your Own Worst Enemy

    if you donot trade in real money, you never learn. sit on the bank and watch others swim, you will never be a swimmer. a sim is a non-sense for trading skills. a sim only helps you get fimilar with the software tools, that is it. prepare a good enough money account, then start to...
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    CL Redux

    just bought 101.33, sold 102.13,that is a quick! damn it, should my short a little bit longer yesterday
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    CL Redux

    scared,dead,then live! when the news is out, I sat my short at 102.38 with 3 contracts, and froze. I was down almost 5.5k, almost paniced, just keep telling myself "holy shit, why not have a stop loss there, I was trapped"! when I saw 104+, I couldnot resist to adding another 3...
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    CL Redux

    in an up trend, often,there is pullback. look at whether the pullback is healthy, if too shallow, and with little volume, that is a bear trap, or sheep slaughtered place. if it is deep and support is broken, then it is a reverse. take a small size, if you want to ride a little bit longer to...
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    CL Redux

    excellent post I am 50% technical, 50% fundamental.but fundamental analysis first, technical second. when I woke up at 5:00am (New york Time) ,saw crude at 102.5ish, shorted at 102.54 , why ? first I thought 103.03 is their target kiss, and thursday's move made me think that is what the...
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    Characteristics of a Successful Trader

    like " if I hold, I will gain a lot", in reality next time, they still do not believe their own judgement and shaken out , again and again like "if I do not listen to analyst's upgrade/downgrade, I will win", in reality next time, they listened again and again ...... people who donot commit...
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    Characteristics of a Successful Trader

    Dr. Van Tharp himself is just a blotter, or in another term, a loser in trading. if he is a successful trader, then he does not need sell advices write books to make living. I totally disagree with you mentioned secrets. secrets are supposed to be kept. if anyone can access them, then they...
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    Characteristics of a Successful Trader

    every trade is a dart throwing, or coin toss. no matter what setup, there is no way to know beforehand whether you will win or not. so this is definitely NO NO characeristic of a successful trader. to me, if I enter a trade, I know when I am wrong and need cut loss and reverse. so there...
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    CL Redux

    out with b/e, still someone wants 103+ first? then 100under?
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    CL Redux

    short 101.85
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