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.25 now and another .25 next time, then a break, "following a period of protracted movement in the equity markets, and sustained growth blah , blah, blah". TIP: be sure to have your thesaurus handy if ol' Greenspan is doing any talking. . .

Net +1816. At least an up day after a short vacation, but I missed out on friday's rally.:(

16 people, and no NQ's . . . hmm.

Blasted through daily p/t off the open. Lots of fear out there today - love it. Net +2148; done for the day (week?).

On which contract do you post most of your net profits?

Net +888, slightly shy of goal, but up 5k off of my low. :eek: I am completely exhausted from todays meat grinder. Oh, and you should see the commission I paid today-ouch! Johnnysharp, you should really look into getting a satellite modem . . .

Cramer/Berk partners are probably shorting the hell out of everything he mentions on the show. Maybe someone could do a "what-if" for short positions off of all his recommends . . .

If my broker will let me have 10,000:1 margin, I could do some damage!:)

I agree. Those days are over. Cramer is done, and he is trading scared. However, it must be comforting knowing that your old Harvard buddy Eliot Spitzer is the coach of the other team. Cramer, I have bought and read your books; I must admit, your advice is played, dated, and just over; and...

Wait, I got my TI-82 scientific calculator from college out: $1M/day, *365(days), *41(years) = 1.46*10 - DOH! Stupid calculator. Oh, I understand the Ukraine hookers, but what is the dept of Justice doing with that Charlie Sheen pile o' blow .jpeg?

Further rantings: I must insist on a set daily limit, but hey - that is what works for me! This method sets a REAL goal, and allows you to be both aggressive, and defensive on the way up or down. The net psychological effect of this profit target is that you will focus more energy, be...

Bank, maybe we should set up shop in Omaha in the near future, huh? Hmm? Hmm? Maybe in the back of a See's candy store. . . no wait, in the warehouse of Geico, during the off-hours - yeah!

Let the flames begin!(remember, it's only money, right?) So what if he is a better investor than you, me, or anyone here... Mr. Buffet is not sitting there every morning reading the Journal, with CNBC/Bloomberg on in the background, wondering what is next for him. Like Edison, his minions...

Fatrat, here is a link to an older post that has some decent insight into the psychology of the biz; fear, trading plans, etc. http://www.elitetrader.com/vb/showthread.php?s=&threadid=27061&perpage=6&highlight=trade%20and%20hedge%20and%20fund%20and%20html&pagenumber=1

I am still on the first step - apologizing to anyone I ever did wrong while I was drinking.

And, could you provide me with his home # in Omaha? I would like to talk to that cheap-ass . . .

This is excellent advice!

I say do what works. As demonstrated here, each trader has a different method that works well for them. These are most likely based on account size, experience, and most of all - Risk Acceptance/Aversion. Just don't keep utilizing a method that is generating consistent losses. Find one...

In all seriousness, I can feel myself overtrading when my setups are bad, or when I am drilling myself down into a hole; especially off the open. I tend to get this "I can get it back" mentality, which makes me a casino's dream patron. When I look at my account at the EOD and I have executed a...