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I thought her books were pretty well on target. If I was having discipline issues then I'd consider spending money with her if I lived in the US.

If you guys are traders it won't matter who's right. One will exit for a small loss the other will make a killing (or, LOL, it will stop one out and then go sideways on the other to punish your hubris :))

Looking back on this and the HSI's behaviour in its first hour's trading today I wonder what the rest of the world will experience today. Very cool trading :) <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1225966">

Ignoring the question of how one treats ones high revenue customers (ie, do you mouse milk to suck a few extra bucks out of a low usage account when the overall revenue from the customer is big) and whether that pisses them off enough to get accounts with other vendors ... and ultimately fuck...

Yes I think they are; or maybe they are just stating their goal incorrectly. Any time you deny or suppress emotions they are likely to either amplify or come back at you from a slightly different direction. Buddhist philosophy and practice says that you focus on the emotion (and not...

Thats a darned good question IB. Would you rather have a few low usage accounts as part of a portfolio or do you want to encourage people to find another broker for the low turnover accounts. The downside for IB is that once someone starts looking elsewhere it might not be long until the...

ok :)

LMAO. That may be one stream's experience but as a general rule its BS Bs :) Don't confuse anxiety before a tough looking trade with "thinking leading to disastrous results." You might be better off spending time to think about the patterns, market behaviors, thoughts and feelings that...

IMHO you havent taken your "gifted athletes" to the right point. Golf could be swing day trading (a trade every so often) and Tennis could be faster day trading. The faster the trading the more important it is to avoid letting emotions bleed into your performance. So if you listen to...

Come on Austin, Your getting overly USCentric there. I trade those hours because they're my morning and ES and NQ are generally rubbish compared with the three easier Asian markets (SGXNK, STW and HSI). Thin and ugly and probably just following the Nikkei around anyway most of the time -...

Lets get this right. As I read it the message says: - if in one account you have $30 commissions on anything (HSI, SGXNK etc) then you don't pay the US "free" services fee. - if its a linked account and doesn't have $30 commissions (but your primary ones do) then now you do pay the $10 US...

No. Get a PC or get one of the grunty dual processor macs and run windows emulation.

Actually I've known a lot of engineers who found a great deal of fulfillment in their careers. Actually creating things along the way makes for some sound satisfactions.

So true Austin. Wait up one night and try the HSI futures contract. More opportunities than a week on a stock and seductive as the sexiest Siren. But the key to profit is to define and trade your own setup; and let the rest of that wonderful profit flow past because its not for you.

Its not saying that this gives you an edge, just that its a phase we go through.

This is good advice. One thing to watch is that its not just open, it moves during the period you're interested in trading. So, after US close the forex / forex futures are not nearly as good as they sound because they tend to be thin and lack trending movement during the Asian session...

Or "don't trade in the few minutes surrounding a report" for day traders ... or "don't enter new positions on the day of a major report" for eod traders (who in my experience are more likely to enter on open than close).

I trade for minutes at a time ... but you can get 30-50 points in 5 minutes and its six bucks per contract a point not a few cents.

Thats one of the areas worth taking a second look at. If you can back test (or simply forward test to build a view in time) the impact of news you might decide "not to enter if there is a signal and a news event today" ... say. Once you know a systems entries and exits its much easier to go...

You trade well on paper. You don't trade nearly as well on cash. If you believe that "its not emotional" and "you feel the same way" then a more touchy feeling person than me would say "you're not in touch with your feelings." I'd say that your brain is very complex and you are not aware of...