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Good lord, K, you've trapped price in a web of uncertainty on that chart! No wonder it was so range-bound! :D

+$777 Considering the day's range, I give myself a "B" :)

I'll take being a profitable dreamer over being an unprofitable realist any day :D

Consistent profitability requires a statistical edge plus the ability to follow rules...consistently. Any technical trading book can provide you with statistical edges. If the ability to follow rules consistently is a talent that you either have or you don't, then trading requires talent. But I...

I believe that trading requires only some core abilities such as the ability to recognize a few patterns and to follow rules really well. I believe that in a very short period of time I could teach a new trader to trade much better than me. If someone already had some trading experience under...

If you trade against a trend because you believe the move is overdone and you average down, the tendency is to "escape" with a small profit as soon as it shows because you took so much heat on the trade. Or worse, the move keeps going and you throw in the towel very close to the point that price...

I realized everything I would put in a treatise on trading has already been published.

"We didn't lose the game; we just ran out of time." - Vince Lombardi

I'm not certain how you define "rich", but I think Lescor does well for himself. Never.

Ratings are usually published in pre-market, but I'm pretty sure the analyst firm's clients get the ratings in advance. You get to play the gap.

I sent you a PM. Ammo, thanks for that!

Neke, reflect on what signaled your entry into each trade. If it's a technical signal with a sound reason for entry, then a technical breakdown point is where your stop needs to be, no exceptions. If it's an intuition, then go in small and let the price action tell you whether your...

What was with that 75.33 support this morning? Thing rallied like mad off that level. I found no particular significance to it and it didn't hold up later on.

Abe had a nice quote to apply to trading as well: "If I had six hours to chop down a tree, I'd spend the first four sharpening the axe."

+$32 Been wanting a day to focus on sim testing some alternate strategies and figured a summer Friday was good as any. I did put on an early CL short for a b/o play, but it fizzled and I closed, and it turned out to be one of those creep-your-way-down-to-target days. Shorted ES, targeting...

74.75 because that was the target on the short position I sat in patiently for an eternity and then scratched for a tick, only to watch price drop 3 more pts my way...

There are many ways to trade and many time frames to trade in. I found the 5-min chart to work well for the way I trade at this time. I don't even know what a volume chart is. I use price action to guide direction and some other things to cheat my way into early entries at times, though none...

I think you are making day trading way too complicated. Price action means letting price take you into a trade. Briefly, the way to do that is: 1. Turn on your trading platform, bring up a 5-min chart. 2. Look at price. Using your chart as an example, you wake up at 06:20, look at...

J, you have fear of making big profits and fear of taking small losses. This will wipe you out.

emg has gotten very strange here. emg, were you short locked limit up in wheat for days? :p