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Exactly. There is no law against noobs writing drivel but it is very repetitive at ET. The so-called herd ipso facto is propelling price up when price direction is up and propelling price down when price direction is down. The task for the amateur trader is to get on board. Exploit the...

Find out what Van Tharps alleged secrets really mean. 'Discipline'. This means a temperament for trading. Many amateurs don't have it, won't be able to get one, can't learn it .. so a dead end straight away. 'Cutting losses'. Half an answer is no answer. You have to know the metrics of...

There are 2 parts to successful trading in order to make yourself rich: (1) methodology and (2) implementation. If the methodology is insufficiently reliable then to implement it engenders continual uncertainty trying to execute it. In other words you have a plan but you can't execute it at...

Insight from experience and study. Here it is. The greater the distance from the turning point (tops or bottoms of price gyrations) at which you enter your trade the more certain is the profit you are attempting to capture. Now with obvious caveats, this in general can work well. If study...

Consistency of failure or success, achieving profitability or not - none of these are the Holy Grail. They are your aims or the failure of your aims. The Holy Grail is the How. It is the specific How. And there is a context. It is the trading newcomer or the existing trading amateur at...

Routine - but with an exception. Tuesday CL gave you about 2 to 2 and half times the intraday swings which currently you would expect. Today (Thursday Feb 24) gave you 3 to 4 times the swings you would normally expect (2011). So instead of a slower chart you rely on your fast chart (or...

It is called sweet crude because its so sweet when you're using your crude money loving savvy to make large amounts of money every day (CL) and fortunes on a fast day. Entitlement here, is open to any ET member who wants to play. So today, Feb 24 2011. There were 19 gyrations; thats 38 swings...

Emotions are good. They are energy. However this term, 'emotions', is used on ET as a surrogate for one or more of your base reactions, such as impulse, panic, confusion and stupidity. For sure emotion, undirected, gets behind whatever is your intention, whether blind or rational. But...

Blotto, your comment is appreciated. Starting Out My contributions to the ET forum are based on a corporate and professional background in this business. But my answers are confined to the ground rules for 2 general forms of question. The first group of questions are the newcomers first...

Amateur backtesting, a favourite at ET, produces little or nothing in usable results. An input of OHLC is too primitive but let me suggest further that 'divide and conquer' filtering has not been conducted first. Statistical sorting derived, under certain parameters or filters, from the...

I read your point. Yes, it is tiring for a newcomer to watch a screen when every such amateur knows so little. But to become a winner does require the work and attention. And the confused and untutored mind of course will read much or everything on a chart as noise. Now when you have made...

Trading markets defeats most amateur traders - just a matter of time, either quickly or more slowly. Yet the logic required to win is simple enough. Lets ask the basic questions applying to an amateur. What is my obvious restriction: limited capital. What should I be doing: daytrading...

This study has little realistic value. Men, whether successful or not, conjure up a slender and gorgeous female at the thought or sight of the word 'women'. That is not the fact though for the female populace at large. The cartel, if it ever was effective, related only to the minority of women...

ET remains a hotbed of leftie/liberal sentiment - the ill-bred blue collar notion that being very rich is bad. Yet the purpose of ET is about pure capitalism: making money out of stocks and futures markets. Those owning 10 to 18% of national wealth provide an indepensible element intrinsic...

On ET there has always been and there always will be the contention that there are different styles and ways to trade. Not so, however, when the single measurement is profitability. The usual condition applying to the amateur trader is limited capital. Therefore the best potential for the...

No I'm not quoting any book; just being rational. I certainly wouldn't expect you to be. You are the textbook stereotype. But good luck, pal. :)

Love is a word and a meaning that is part civilisation. The facts are different. The facts are that we are animals with the inbuilt and important characteristics of imprinting and bonding capabilities. Imprinting is the attachment of the offspring to its parents. In humans we call this family...

Again I wouldn't expect you to know. You don't have either the experience or sufficient knowledge. While futures markets in themselves are zero sum games day by day, they are not so for the activities of the participants. Hedgers or arbitragers in a futures market don't require a profit in that...

I was not seeking your advice; I was giving advice. My previous post used precise figures to point out the obvious. The 2 questions at the end are a tease. They're rhetorical; of course you can make a lot of money from CL. That post was in support of those making money from CL and an...

Lets look at what a volatile market can offer the daytrader. Lets take CL. And lets look at the last 5 days, Jan 5 to Jan 11. Using a minimum span of 40 points per swing, lets look at the gyrations day by day, namely the sequential swings up and down, open to close. And lets take those five...