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Agree with the advice not to trade. Many traders, myself included, have a much worse track record on expiration day than on the other days...so why not make it a long weekend. If you do trade, a good rule of thumb is to fade any significant move(s).

I just went back and read the entire thread, which started off great for the first 10-15 pages or so -- one of the best threads in these forums. After reading the whole thread, I have a few thoughts: 1) keep a detailed trading journal so you can learn your lessons quickly and thoroughly...

Scared shitless is not necessarily a bad frame of mind to have -- at least for a little while. Being in that state will force you to seek out only the highest percentage plays you can find, use tight stops, keep winners from turning into losers, etc. Your goal should be something along the...

It is possible to trade without charts, but I only recommend doing it if your system is totally automated. If you do any discretionary trading, then not using charts is like driving without any side and rear view mirrors or perhaps even with a blindfold on: it's still possible to do it and be...

While I agree with the sentiment about this having been a relatively orderly decline that lacks anything looking like even an attempted bottom, I suspect the spring is wound a lot tighter to the upside than the downside, meaning the likelihood of a +200 Dow tomorrow is higher than that of a -200...

Perhaps the obvious has been stated elsewhere, but good traders and poker players are the result of shared skills/traits, such as: strong/quick mathematical skills; deep knowledge of probability and statistics; ability to control emotions; understanding of psychology, especially vis-a-vis other...

You can check out what some members think in the book review section Some quick thoughts: Edwards & Magee is the classic I happen to like the way Pring writes Also check out Nison if you want to learn a little about candlesticks Finally, Bulkowski's book is a great reference tool

Stopped working as a consultant for a 12 month 'trial run' dedicated to trading. Started with approx. $250k and was fortunate enough to get up into 7 figures before the end of the 12 months. I was hoping to convince my wife that I could continue with whatever sum I had at the end of 12...

Depends on the day, but specific to trading I might do some non-essential market-related stuff, such as... 1) look at charts (outside of the group I usually look at) 2) run stock screens 3) look at news that is increasingly less market-related 4) surf message boards such as this one 5)...

I used to use Yahoo Finance to filter news for the 200 (their limit) stocks that I pay the most attention to. Now they appear to give only the most recent 30 or so entries for all these tickers -- not enough even to capture the pre-opening news on these stocks. Any suggestions on a good...