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I'm testing this hypothesis next week. I want to move to the next level in trading. That means taking on more risk and larger size. That also means a psychological shift and the possibility of large losing days. The goal is to have the winning days larger. I have a problem letting my winners run...

But with futures you have the overnight and pre-market action to get a view of what's been happening, so you do have a moving average and S/R levels to watch. I often see some very nice moves before the opening bell.

I really doubt he's putting on these trades for an emotional rush. I'm guessing he's putting on these trades because he's seen certain things happen often in the past on these volatile momentum stocks and believes they're likely to happen again. GOOG beats earnings and sells off hard. BIDU did...

OC, I do like to write and analyzing this stuff cements in in my brain more and more. I can't emphasize enough how amazing Al Brooks' book has been for me. Bighog recommended that book last summer and I'm still working my way through it (very tough read). Combine that book with daily live screen...

I'm a day trader so my comments pertain to intraday trading using mainly a 5-min chart. Once a trend is in progress, price normally makes a minimum of 3 pushes up or down before even attempting a reversal. In a strong trend you'll get 4 or more pushes. So if price has double-bottomed or...

Arrow 1 looks like a good long and when it's not stopped out and that arrow 2 bar engulfs the previous bear bar, add to your long position if you're so inclined. I'm aggressive with entries. As soon as I see that shooting star before arrow 3, leaving a little double top, I'm all over it to...

Schiz is not giving me proper credit for his gains today. He knew I'd be out of the office most of the day. He also knew that when I leave my trading platform the market makes a large move down. Instead of reminding me to short 10 lots CL before I left early this morning, he took it all for...

You really screwed up. Did you not see my announcement yesterday that I'd be out of the office today? Do you not realize that when I leave my office (whether to pee, make tea, have a bite to eat, go to an appt, help a friend, whatever) the market drops significantly and takes everything with...

To trade POT off the open, you have to have a directional bias and a specific price trigger. Otherwise, wait patiently for the opening madness to settle down and then trade the price action. As you said, right now it's very oversold. Yesterday left a textbook reversal bar at the bottom of a...

Cal, can you post a chart with your POT trades indicated on it?

What is the relationship between the API and the Wed inventory numbers?

Today CL was very well-behaved. Most days it's not as clean as today. I remember netting $13,167 in my sim account one day trading 5 lots CL on an all-day uptrend, buying every dip to the 20-bar EMA. I just kept on re-entering on the dip and selling 20 ticks or so above the last high. It was...

I did have quite a streak going (I think 40 up days) before this week. Austin is right, I watch CL, ES, AAPL, AMZN and POT, and occasionally a stock that comes on my radar that I believe could make a strong move. I also trade small and ultra-conservative, which makes it easier to have a steady...

My stop vary from 4 ticks to as much as 20 (that's my limit at this point). I scribble notes when I trade, so let's see if I can decipher them. (I used a 3-min chart today because I initially planned to do a lot of scalping.) First trade today was uncomfortable no doubt. I got in because...

+$1186 I don't believe I could've traded better today. CL in an uptrend, went long pivot off a dip to a higher low and sat on my hands until it made a higher high and hit my target. Toughest thing I’ve done especially when price ticked up a bit, then down into the red a bit. I told myself I...

I don't think I could've traded better today. Is there a way to package really good trading into a small capsule one can take each morning? I went long a higher low, expecting price to make a higher high. I gnashed my teeth and wrung my hands instead of moving my stop and target and it paid...

Tax Time! http://www.nytimes.com/interactive/2010/04/13/opinion/20100413_opart.html

Hey, I honed my trading skills with POT, too! They kept telling me it was a gateway trade and they were right; those crackheads at CL Redux sucked me right in...

Clearly, you seek adventure in trading. I suggest checking out CL (crude oil futures). You get fantastic moves, you only have to pay attention to one thing, and the time to avoid being in a position is the same time and day every single week :cool:

I noticed some time ago that these gap-n-go stocks tend to have a nice pullback on day 2 or 3. I got 3.38 move on 200 shares ESI off the open today when it failed to run. Lescor, how on earth did you trade large size of that thing yesterday?? It was thinner than Kate Moss and a spread that...