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I know this never works, but it just feels like it will this time

that's right Gordon. Thinking right. If you're not thinking right you will have everything and not know it. And what you think you have won't be worth diddly squat. When you're thinking right, you have everything you need, and you know it, and you don't need it.

It aint your father in law that has doubts, it's you. He's just a convenient entity for you to lay your doubts on. If you are doing what you love each day you have success. Enjoy it. Who can argue with a contented man?

I haven't even looked at the chart, but here's what I'd do. Figure out how much money I have, and how much I want to risk on any one trade, and then how much I need to make to make up for all the stops if I am ever lucky enough to get on the right side of a trend. I wouldn't worry too much...

Is a coin toss random? If I go long on heads, how did I decide heads was long and not short? What do I do? Flip a coin to decide if heads is going to be long or short? And then how do I decide which one is going to be yes, heads or tails. So even in a coin toss, I the trader must make some...

it don't matter how wide the stop is, as long as the target is a whole lot wider. Most of the time the market chops, no big deal, you just get stopped out. And when it trends, you might be on the wrong side, no big deal, you just get stopped out. But when it trends and you are with the trend you...

I'd be interested to see how your entries compare to so called random entries. You could go back on the charts and see where you entered. Then if you went long, just flip a coin. If it's heads enter that as long, and tails enter as short and see how it compares. Only even that is not...

go to configure, hot key, select buy, hit create shortcut, go to customize and you will see options for limit, stop, mkt etc. I don't know about stocks, for globex I don't use mkt orders. I use buy limit ask plus 4 for a defacto buy mkt order. I think tws was having trouble converting mkt...

2 theories, you can do a search on it. a member named acrary explained it best. You figure out what you're doing, and then you compare it to a similar random strategy. It takes a little brains to come up with the analogous random strategy. My theory is money management is the only...

there's probably no one alive who knows less about computers than me. I got a burner a circuit city for $19 after rebate. And even I can back up files. You just find the file you want and use the "send to" option. I don't know what happens when you finally fill up the cd, I've never gotten that...

tommorrow? that's easy. It will start with just one uptick. A nervous trend follower will misinterpret that as the beginning of bull move and lift the offer. meanwhile, a scalper who is trying to buy the bid can't get filled and raises his limit a tick. A point and figure trader will then...

maybe it's changed. Try going to Order/ then Default/ and set the default to MKT if that's what you want. I found this out before tws had all the hotkey functions, so I just set the order default to STOP because it was a pain to enter a stop order. So then one day I am taking it in the...

the advantage to es over SP is that es can be traded electronically during regular mkt hours. Many direct access brokers will not permit trading SP because it can't be offset electronically in the case of a margin call.

1 es contract is the equivalent of 500 shares of SPY 1 full point (called a handle) is 4 ticks and equals $50 per contract a .25 move is the smallest increment (called a tick) and is equal to $12.50 per contract

Trading is so simple If you follow the rules, you make money It doesn't take brains or skill just the ability to follow rules almost all traders are too independent to follow rules No matter what, somebody will try to figure out some exception to the rules When the rules produce an...

I look at the rate of change. But the point or percentage change is too misleading because things get to out of whack on the close. I follow them in groups spx vs indu vs ndx nya vs comp oex vs rut it comes naturally after a while. a fast spx and a medium indu and a slow ndx...

well, don't this beat all. My hard disk crashed and now I am redownloading everything and every minute I get a pop up saying "to prevent popups download our product." I'll be damned if I am going to use anybody's product who sends me one of these popups! At anyrate, I know there are all kinds...

I don't like it any better than you, but 10 trades is one handle. So trade once for every ten you are now trading and add 1 handle to the stop and as many as you dare to the target. There's not a system out there that if you trade without stops you will eventually get wiped out. So if you...

winrate and not profitability. Shit man, that's easy. Use a 3 pt stop and a one tick target. You should easily hit over 90%. Then after you get your hitrate sky high, you might just want to devote a little more effort to profitability, cause last time I tried, they won't let you buy groceries...

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