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I believe that most if not all human's have to varying degrees a of fear(s), and greed that impede their success as traders (and probably elsewhere in life). The degree and kind of emotions certainly vary within different arenas within each of our lives. When it came to trading, it took me...

I responded to a thread "What are traders good for?". Then thought I might begin a new thread with that response as, for me, it gives the issue a different slant. I believe as "traders we both provide immediate benefits to others and the community, and have the opportunity to carry our...

I believe as "traders we both provide immediate benefits to others and the community, and have the opportunity to carry our success into the community by sharing the time we otherwise may spend traveling from a 9 to 5, or 6, or whatever job. On one hand our trades help make the markets more...

Consider yourself very fortunate, most people who trade from emotion ARE losing, or have lost ti all! I believe we each have our own "comfort zone" mine is small on the losing side, so I worked at system that could produce consistent profitability and never go more than -10 ES points. Never...

I have found that trading a consistently profitable method over several years is unlikely to be anything like playing poker. There's no bluffing, no guessing, no card counting, no significant losses, and relatively consistent returns month after month. The one thing I miss is the personal...

I was you! And to this day I can't tell you why I needed to create the struggle, before accepting the success. I can tell you I made a decision: I would succeed at overcoming whatever it was inside of me or die in the attempt. Still it took a longer than I could have imagined, a couple...

Very clearly and accurately stated. Some have taken your statement to mean that there are never losses, but i expect that you are speaking of the predictable consistent profitability of a proven system with acceptable (to the individual) drawdowns being part of the profit scenario.

Amen. As long as the market moves 0.1% I'm happy:) Good weekend to all

Most people have no idea of what "trading" is, and yes you are correct that they see it as gambling, or certainly "lucky" until they relate it to my lifestyle and begin to get curious. I only mention what I "do" if asked, and never get into detail unless they pursue it. Until recently, I...

I would like to know how long you let a random entry go against you before you consider it a loss - if never, then you need a lot more $ than I have or am willing to risk!!! I would hate to have randomly sold the SP only a couple weeks ago at 789.00.

What I've said should be even simple enough for you understand. But apparently a summary may help you out. !. (Quoted from my 1st entry) Several people have sent PM's inquiring about my trading based on some of my posts. I would be happy to let anyone watch realtime for a while. Clearly...

As usual, the "experts" are wrong. Or maybe it's just that there are "exceptions" to every rule!!! PS: any chart that does not move in a horizontal line will permit profit opportunities if you know where to look. And if it goes horizontal, just write calls and puts and take the profits...

If you haven't gone through this you've never shared that you intend to "trade" for a living! Those ignorant about trading (99.9999% of the population) always see it as gambling and a foolish impossibility as a means to a substantial and predictable long term income. The reality is, if...

My method is based on chart patterns, filtered by a pair of indicators, therefore, it would be impossible for me to trade without bars or candles. I use candles as i can read them faster than bars, but either is workable. But whatever works for you is the "best" thing for you to use and...

I agree this is a strictly individual preference. I also agree that the tape contains the "real" information and that filters or indicators are merely used to help decipher the not so hidden story being told by the tape. Now that I think about it, I never liked reading long stories, so...

Couldn't agree more! Just keep the baited hook in the water and let the "fish" come to you.

I had to pick "Being bullish/bearish is for suckers, I just trade". But I don't necessarily believe having a point of view is bad - it is just counterproductive to my method to have any bias - I "just trade". I think a better choice would have been "No opinions, I just trade"

Unfortunately, "back to business as usual " only lasted a week. So on from 8/21 thru today I traded alone. I did so to see if I had "lost something" and to generate some serious income before months end. Well, I found again that trading alone was a totally different experience. I didn't...

Could not agree more. And yes; there are winning methods (systems).

I would assume that the charts one uses is directly proportional to the timeframe they trade in. Personally I find using a 5 min chart better suits my personality. I like small stops, and rapid gratification. I also find that I get the benefit of compounding $ from day to day, greatly...