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This is absolutely true as long as the trader is trading mechanically. However, if the trader is trading subjectively or intuitively, then the trader has to roll up his sleeves and delve deep into his own psyche and do some introspective work on himself. If that is the case then Van Tharp's...

Congratulations on your volunteering. If you think about it, by giving away your free time and your resources through volunteering, not only you're making our world a better place, but by volunteering you prove to yourself that you have more than enough, in fact that you have so much that you...

This is an interesting thread. I think you have hit the nail right on the head by writing: “The flipside is, you get to work when, how, and when you want.” I suppose we sometimes have to stop and think and ask ourselves why did we begin to trade in the first place? I believe most of us...

Do a google search for "morning market huddle" by Steve Lentz, you can view his archives, he mainly does verticals and occasionally bullish butters and bearish calendars. BTW; If you're good at swing trading equities, try demo trading Forex, in FX you don't get nasty surprises as in stocks...

A) I believe (though not 100% sure) that TOS paper money fills your order at “midprice”, which makes it seem easy to get fills. But real world you don't get fills at midprice B) Don't attempt to arbitrage options on intraday prices, market makers take good care of that : -) C) I...

A) Forget about holding verticals for a day, if you want to hold something for only a day, then using verticals is a very bad choice. B)If there is little open interest, be careful, you might end up using stocks ( creating synthetics) to get out of the position unless you are prepared to...

I'd suggest you start learning the basic Elliott Wave stuff such as how to determine trend versus counter-trend, and learn how to identify an impulse trend pattern versus the two corrective patterns. Robert Miner has new book called “High Probably Trading Strategies” that deals with...

You could be right, it is best you get a professional treatment, you could even have bipolar depression. Try to to find psychiatrist who is objective and doesn't over medicate. Try to keep a psychological diary to monitor how your thinking changes over time so you can be objective when...

OK, maybe you might have a bit more serious issues then first meets the eye, and I don't mean in a bad way, and maybe medication is the way to go. Though here is something to think about. The disagreements between conscious and subconscious mind are causing people self-sabotage, and exactly as...

This problem relates to not being able to think in probabilities, and medication will not help with this. In order to execute flawlessly every time, Mark Douglas has very good books for this. For deeper psychological issues, use Van Tharp. All the best

If I were you, I'd be very careful about visiting psychiatrist, most of them are total morons. Generally, psychologist are better suitable for your problems. Even though any therapist can potentially do you more harm then good, so be very careful. Also I'd stay away from medications, if you...

Just remember the following; there are primarily three different types of people who post here on the Elite trader forums. 1. Those who don't know anything: approx. 10% 2. Those who know a little: approx. 10% 3. Those who don't realize they don't know anything: approx. 80% :eek: Just do...

Trading is a losing game for those who don't control risk, have no contingency plan, and don't understand their own psychological weaknesses. Those who are humble and take total responsibility for their results and learn from their mistakes are consistently making money. Interesting :)

If you're trading the US markets, you can add buying/selling pressure if you can read market dynamics, because if you get a reversal pattern and the market internals are either supporting or contradicting it, you can use it as a filter for entry or for trade monitoring.

Given the figures you've supplied, you're not trading, you're gambling, because trading is a business and needs to be approached as such, if not, then you're just playing psychological games with yourself. Professional trader would never allow his/her account go down from 12K to 9K in a...

Charles Cottle aka Riskdoctor is very good, read his book couple of times, worth every cent, and I highly recommend his book to any options trader. If you are an income trader, then Dan Sheridan has free webinars which are archived at CBOE. TOS website has also heaps of free archived...

Definitely agree with this observation. It also seems to me like majority of people on this forum cannot trade. Good profitable traders are usually humble and don't mind helping others. On the other hand, those wannabe traders are just nothing but legends in their own mind, who boost their...

I'd start with Van Tharp's “peak performance course”. The course is modeled on the world's best traders. It deals with psychology and not technical analysis, but without the proper mindset you cannot become successful trader. Mark Douglas is also very good but his materials seem to leave...

I'm not sure if there are more people making money in stocks than in FX, so let's not confuse assumptions with facts. :) A good stock trader should make money in FX using basic techniques such as support/resistance and fibs. Also FX trends better than stocks on (higher timeframes)...

First of all stay away from the markets in order to preserve your account. Secondly, be totally honest with yourself, and ask yourself if you have some underlying emotional pain you haven't dealt with. This usually seems to be an issue with compulsive traders. Maybe you could be just...