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Chasninfla, I assume that if I say "Cheers" you're going to answer "Boston?" or "Nooooorm!!" :)

Let me also add my appreciation for an excellent contribution. Thanks Charlie!!! :)

It's nice that most posts are kind of encouraging this person to stay in trading, in a friendly, almost compassionate way. However, sometimes I wish someone has kicked me in the butt, out of activities that were just not good for me. Not that I was dumb, but there are things I just am not...

Aaron, I read the same article and was impressed and curious, ready to start a new thread, when I saw yours. So, I'm here, with the same question, lending moral support to the inquiry. :) Anyone out there with relevant information? TIA.

I daytrade the ES and the NQ and I also swing and position trade the ETFs.

Deron, Excellent thread, very rich in information. Bravo and thanks ! :)

qdz, This is a workable approach to life. After all, you cannot be certain that there's anything out there: all you see, hear, experience is something inside your mind, or hitting your optical nerve or your ear, etc. The universe may just be inside us. And we may all be the same, single...

Harry, This may be good, but does Baron know you are peddling your products here? :)

Destined, Before you start trading, read the book "Trading for a living" by Alex Elder. His second book "Come into imy trading room" is also good, but I think the first book's message was more powerful. Good luck :)

Yes, I do that, but in a flexible way. If I've made $500 in the morning, I do return for another couple of trades in the afternoon. If I'm this lucky again in the afternoon, I quit for good (take a nap.) If the day is hard and around 2 pm I have $500, I do stop and leave my office. For...

Amen, brother... been there, done that :) I now have the rule to wait at least 5 minutes before I start trading after a break - the same way I wait for 15-30 minutes before starting to trade in the morning.

I think that there's a real trading analog here. Let me illustrate. If I think that the market is trending well, judging from the recent pivot structure, then I go with my gut feel as to what I expect the market to do. Remember, our eye is a targeting instrument, it works best in analyzing...

VictorS, There's an important element missing from your analysis: Typically, the market gains in anticipation of a "good" thing happening, and sells off part of the way after that "good" thing comes to pass (aka, buy the rumor, sell the fact.) And vice versa in anticipation of "bad"...

GD2KNO, I don't thik these are unreasonable numbers to start with. The real problem imo is that most daytrading systems I know do not scale well at all (even 10 contracts introduce substantial slippage.) Also, as the stakes increase, so does the risk, and therefore, so does my...

There are two kinds of people in this world: those who think there are two kinds of people and those who don't :D Sounds funny, but it hides something deeper: the old fight between those who think that the world and our choices can be easily divided in two camps (e.g., good and evil, black...

I do have OptionPro from Essex and like it, but my suggestion is to go to Optionetics and see what they have to offer. Their seminars are excellent, but a little pricey. Their Platinum webbased software is as good as they come and you only pay by month, which means no capital to buy something...

BobCathy, I don't know much about Don's techniques, other than the occasional advertisement from Trading Markets. Could you say something about the effectiveness of his method, teaching style, etc? Any results? Alternative, is there a place where I could pick up some of this...

Sped, I would sugegst you study the www.traderclub.com website: good knowledge, conversation, video tapes, systems for sale, and a very knowledgeable owner/leader Chuck LeBeau. I hope this helps and good luck :)

I have been trading options for several years now and do not find them any more difficult to trade that stocks or futures. Only the bet sizing methodology is different, that's all. Well, that's an overstatement :) (am I arguing with myself?) :p Remember to be careful not to trade...

Why not just make a list and evaluate the ones we are interested in, like we do for software, brokers, etc? Baron could add a suitable category for us.