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This suggests that you used a let your losers run, take your profits quickly strategy ... assuming that your customers were using stops and stopping out. Was that the case?

I'm with Dustin on the numbers. But a simpler version is that you are a good day trader if you can consistently make more than you require when you only trade 100 days a year. IMHO, if you can do that then the money and lifestyle is sorted.

Day trading can be better because you have many more opportunities to take a risk. Also specialization can make you more effective (trading one or two contracts only). The downside is that the speed of response required will increase any discipline or psychological issues immensely.

Unless the bulls are bullish because asia keeps going up. Certainly there is a strong case for that in Aus. A more likely down scenario is softening of US/Eur demand for goods = loss of demand for china = loss of demand for minerals = a large shorting opportunity. Or "everyone starts to...

There is a lot of comfort in being part of and contributing to a village. Its one path in life that may or may not lead to an inability to see value and joy in other paths.

java 1.5.11 try one version back on that. im running 872.6 just fine but the one before was fine too.

SierraChart

Re the Manilla. My daughters friend lives in Australia because her Mother left M after her husband was shot --- in a nice street as he walked down the road. Its Asia with US American gun controls and a bit of extra excitability (the Spanish heritage?).

Yes, now our language is closer to meaning the same things. One clarification: although I don't know exactly when one of trade XX is coming along I do know that I will almost certainly see at least 2 of them each day. So I have quite a lot of foreknowledge ... just not certainty. The other...

Its the purely that I have an issue with - that implies a very high degree of uncertainty. You can know the probability that it will move a certain amount and, over a long enough series, how often the event is going to happen. I have trades that work more than 80% of the time (defining...

Taken in the specific the markets can be anything but random. Many of us rely on this - just as one could rely on the cards in a blackjack deck.

I have read material of Piper's where he used MP indicated extremes to enter option positions. But the more important questions might be: - what does MP tell you that could be useful for trading? - what do option trades require that might benefit from the MP information?

Either: All trading is gambling (taking risk for potential profit). or Only unprofessional trading is gambling (taking risk for thrill). Discretionary, System, Long Term --- doesn't matter.

It wasn't a terribly big day for the Hang Seng and HSI has been pretty weak recently compared with the US indexes. Are we confusing the HSI with the Shanghai index?

Some people do. In fact I seem to recall and english trading writer who did --- John Piper.

You have to find dips that work for the market you face and its current conditions. Maybe it has to reach an ema. Maybe it has to push a stoch to a certain level. Maybe the price action has to look like xxxx. Maybe you have some volume conditions in it. Only your own definition can be...

It seems that in trading there is a desire for certainty ... as opposed to acceptance that each trade is a probabilistic event. Volume, bid/ask volume, internals, another index. Or just trade?

And there was an article about racists on TV the other day: those countries that most disliked Aussies. LOL.

A high win rate with smaller wins and less variation is better (if the expectancy is the same). Thats because a lower standard deviation translates into a lower risk of ruin. And with a lower risk of ruin you can bet bigger = win bigger. From a human perspective the high winrate lower...

You can also trade the morning session.