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I don't know who they are but I'm glad they exist. Otherwise who would take the other side of the trade?

You want to ride your winners and cut your losses, that is correct. But you need to understand that prices trend and by trading with the trend you put yourself at an advantage. It sounds like maybe you are paying for some "system " to provide you with entry signals and that you have now idea...

My opinion is that funnymentals deal with opinion regarding what should be rather than what is. Even if you are brilliant and know where prices should be, how is that useful? I think that trend following is a simpler and more effective methodology.

Explain the difference between chaotic and random? How does the system give you an edge? I wish you the best.

No you don't have to follow a bad system. If your system put you on the wrong side of the strong uptrend on 4/1/08 it is a bad system. Instead why don't you create a simple trend following system, at least that would put you on the right side of major moves.

I'm still holding my puts. They reached a high of $0.90 today. If we get a nice sell off I might be able to get $2 in a few days, or we might head back up in which case they will become worthless. Either way I will re-fund my account and give it another shot. This time however I will not set...

You don't have to change the settings. You have to understand the following. When a market is trending up you will notice that the MACD moves up and down but remains above the zero line and the inverse is true for a downtrend. So in these cases there will be plenty of false signal line crosses...

Basically my problem is that I can not be trusted to follow my rules. I will follow them for a while and then become complacent and decide to hold overnight just this one time and or not take my stop or cancel my stop. I believe that the ideal solution would be to find a broker who won't...

No I was able to achieve high returns only when using a stop loss. For example at the end of Feb I was up 160% for the month. Almost half of my trades in Feb ended in a stop loss but I also had some big wins. Then one day I decided to not take my stop and blew up.

It's the day after my birthday. I'm holding my put overnight which is a violation of my rules. I have been able to achieve 50%+ returns per week in the past, this is why I believe that it is obtainable. But I have always ended up blowing up my account because of failure to adhere to my stop...

Bought to open 2 ndvpq 1585 put @ $4.00

"We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. It is not well to be too curious about all the reasons behind price movements. You risk the danger of clouding...

My Scottrade account now stands at $822. I will be trading NDX index options with the goal of doubling my account every two weeks, thereby reaching $210432 by Friday July 18, 2008. I am fully aware that most people believe that this is impossible. I believe that it is possible but not probable...

I believe that what's more important than starting capitol is what you do with it, your system, strategy and risk management. I would rather bet on a trader who has a good system starting with 1K than someone who does not know what they are doing starting with 100K. Plus if the OP does not know...

IndexScalper, may I ask, what is your entry signal?

I believe that the OP is indicating that he looses a lot more than slippage and commissions. When I first began trading I lost money so quickly and so consistently; this actually motivated me to continue because, despite what others told me I knew from experience that the market was not random...

I have been using prophet.net for a few years and have been satisfied with them overall, but lately there have been 15-20 delays is data. All that I need is a live, streaming chart of NDX with 2 line MACD. Any recommendations?

Could it be that you are trading against the trend and trying to pick tops and bottoms? Try to do the opposite by betting on price moves to continue instead of end.

http://www.trading-naked.com/library/jesse_livermore.pdf Read pages 100-102, Livermore provides a good commentary on the value of stop losses.