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The question was why do traders lose, not how to be a conservative investor.

6 1/2 point range in the ES :p

You can't step into the same river twice.

Yep, send your due diligence team to the corporate offices of a company you want to look at to interview senior management. Also send your audit team to pore over their financials and ask any follow up questions. Better yet, learn to trade as you are unlikely to have billions under management...

Tick charts can print as to number of contracts traded or number of transactions traded regardless of size. Not much difference as to patterning.

Read the Malicious Multinicks Stalking. thread.

Big contrast to last Friday....this is garbage so far.

Put it on the red.

I have similar experience with about 3-4 losing days a month but am unable to distill the best trading to any particular 3 1/2 days. If I could, I would trade the 3 1/2.

Running across the freeway to pick up a dime.

Nice fill since it hasn't printed there in an hour and a half

:D

Before the net, they were just the "crazy aunt in the attic".

OK I admit, I wired 10k into a numbered offshore account for wisdom to be named at a later date....did I do wrong?

Yep, important highs and lows are easier to identify than wave count hoo doo. Like anything if it tests out and it works, that's all that matters.

Yeah, things always dilute quickly as layers of complexity are piled on.

Not sure I would equate tendencies with predetermination but that's what makes it a market.

I don't trade fib's but I know a few competent traders who do and there does appear to be some S/R functionality. People wonder off into the woods when they put grids over Elliot (Rorschach) patterns.

Wow, Murray Math...there's a blast from the past.

Moving a stop is not a "mistake". A mistake is going short when you meant to go long. Moving stops is a result of lack of discipline, it is poor behavior and had to be eradicated before you go broke.