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Not to be too contentious, but WRONG.BZZZT! If this individual truly wanted to be a trader, they would change their strategy so they don''t have to sit and watch the market all day long.

What is talent when it comes to trading. I would define it as the abiltiy to extract profits consistently while maintaining a risk contol posture which puts you in a very likely position to be able to continue trading indefinitely. My point is this isn't something your born with. Its is a...

I disagree. Yes there will always be those who are not willing to work hard enough at it. But from a standpoint of pure opportunity, the market has never been greater. This is the whole point of why I reponded to this thread. I hear all the time about how traders can't make enough to live on...

Thanks Magna for getting me rolling here. One more point I like to make. This is the BEST time ever to be involved in markets in my opinion. The ease and economy with which you can enter orders is unbelievable. I remember days when you had to overcome a whole lot more commission and slippage...

My definition of a trader is one who is a survivor. Makes money is bull markets, bear markets, sideways markets, or any other variation thereof. When I hear about those people who talk about how tough the market has been or washed out after the bull run, I know they weren't "committed". They...

Jeez, give a break. Anybody who's been in this business knows it tough, thats a given. And who are we to judge another's commitment. But the point is that someone who isn't kidding themselves and dosen't give up CAN make it. It doesn't take genius or lucky genes. Your analogy to...

Going with, I mean trading in the direction of the most recent price action (subjective). Fading the market, I mean trading opposite the most recent trading action ( subjective ). The subjective part is because in trading markets you must deal with the multiple time frames issue. Continue...

I've never quite understood that. There are so many different trading vehicles today and so many different ways to trade them. If someone is truly committed to being a trader it has nothing to do with the current conditions of the stock market.

Heck, were all nice guys or gals (at least we think we are) but that doesn't mean you're going to get good advice. Treat everything you hear with skepticism, and research for yourself to draw conclusions. Ok, with statement out of the way, here's MY advice with regard to moving averages...

If you're strategy calls for looking for very large gaps on the daily charts, and you're expectation is for it not to fill, why would't you hold the trade longer than just for intraday. Just curious.

Cash market closes 2:00 eastern, Futures as you mentioned. Thanks for the update

Just alerting anybody who trades bonds the market closes early today ( 2:00 p.m. eastern)

Is Gefilte Fish considered a brain food? Just wondering if it would give me an edge. Happy Pesach!

To be honest, i think theres a bit of semantics going on here. What one trader calls something might mean something completely different to another. I'm not sure what mechanical is. Can you define for me. Also, for clarification of my previous posts in this thread, I do look at moving avgs...

This thread how somehow evolved from someone asking a simple question about indicators to a debate over systematic vs. discretionary trading. For the record, I'll add my two cents worth. I've been involved in trading for 15 years and I believe the are some market relationships and...

NihabaAshi I agree with you 100%! There are no absolutes. A discretionary trader can have rules but have the experience to know when to improvise. One of a trader's greatest assets is to remain flexible and open-minded.

Experienced traders with good working knowledge of the markets can go on to use trading sysyems built around technical indicators. Most important is their confidence in those indicators, and not to be redundant, that would only come from experience. Newer traders should focus their efforts on...

I think technical indicators just add more noise to already noisey environment. That being said, you can still use them and be successful if you have a deep understanding of exactly what they are measuring. Trading mostly boils down to support/resistance, expansion/contraction, and...

If you're interested in cattle and grain complex, check out the stock CRESUD (ticker/ CRESY). It's an Argentinian company that owns huge amounts of farmland and raises feeder cattle mostly. They grow cotton, soybeans, etc. etc.

bobcathy1 Thanks.