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I believe you are confusing two very different things. You are mixing success and potential. You stated that "Succes is reaching the highest level your are able to reach." That is pretty much the clear cut definition of potential. Two people can have two levels of success. I could get a 'B'...

Again, a position continued to increase signifigantly today. TRE ended +4% higher than my exit point. I am in the process of formulating the best way to gain this missed opportunity. I want to attempt to keep the conservative approach of "taking profits" since the whole idea behind trading...

Journal Update: Bad news, Res got stopped out half way through the day. Good news, I decided to add another $5k block to TRE and it paid off. Closed 150 RES @ $32.89 = -$165 Gross Closed 740 TRE @ 6.96 = + $155 Gross Closed 740 Tre @ 6.965 = + $159 Gross NRPH still open TOTALS...

How important is it in your opinon and why? RT

Journal Update: Opened 2 positions this morning...unfortunately, I got in about 5 minutes too late. I like to get in right after the bell. I lost a little ground because of that, but still confident. Long 740 TRE @ $6.75 Long 150 RES @ $33.99

Only problem with this test is when the trend strengthens as with ESCL today. It closed at $28.47!! A whole 8% higher than where i took my profits. Will stick with the plan though...if anything, stop loss will be moved up to target profit if similar situations occurr again.

Journal Update: Closed 195 ESCL @ $26.37 = +$150 Gross NRPH is still open @ $33.74 (+0.57%) I have decided to add a time stop of 4 days. After 4 full days, if the target is not hit, it is my opinion that the strength of the trend has declinded and should be sold since it is possible...

let me know if I am understanding you correctly... If you enter an existing trend, the chances are random whether or not it will continue? Therefore, the only way statistically to be profitable from a trend is to enter before it begins?...which would mean that you would be trying to catch...

This goes for everyone contributing here: Feel free to speak/debate about trends and their attributes. That is part of the reason I started this thread. At the same time, please do not argue and get off topic. As for the journal update: Two positions are still open, ESCL...

agreed. worst analogy i have heard in a while by your statement, surfer, it makes me believe that you fall into the category of traders who attempt to time the tops and bottoms.

Long 195 ESCL @ $25.60

First trade already can and went. Long 350 STXS @ $14.469 on 1/20 Sold 350 STXS @ $15.07 on 1/23 Gross: + $210 Current open position(s): Long 150 NRPH @ $33.55 on 1/23

Well, I use % so that the trend can be appropriately measured. If 3% turns out to be too tight, I may adjust in on a trade-to-trade basis. Either way, stop loss = target profit. EDIT: Will post first entries soon

Are you serious?? If my odds are no better than why do people even pay attention to trends?

Op Coach I plan on making trades of $5,000. But I am only allocating $20,000 BP to this. So at most (in the begining) I would only have open 4 trades at a time.

After discussing the topic on another thread, I decided I should start a journal. The trading used in this journal (experiment) is done to try and determine how much better your odds are of making a profitable trade when you trade "with the trend". I would like to quantify these odds as best...

Eagle, Thank you for the compliment. There are too few of them around ET. The whole reason I bring this topic up is that is what my trading strategy is based on. I use the strongest trends (under my intricate definition) and enter with them. I realize that there is a better chance of...

exercise, but not to the point of exhaustion. You will feel good, but at the same time relaxed.

sounds like the typical person pissed off from losing money in the markets. Sure, if you invest now, its harder to tell where the economy will be in 10 years compared to the past. Thats because we arenty in the freaking industrial revolution.

IMO, the first part of your statment is what rings true. HOW you interpret the information from the market makes you successful (or not). That with a combination of money management will make a "winner". Just because there are people who are concerned with things that you are not, does not...