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Futures are easier. I have not traded a stock in at least 6 months, maybe slightly longer. I have traded a boatload of futures in that time. I really like the massive liquidity and I also like that I can short just as easily as I can go long. Futures are way more advanced in my opinion...

Excel. Its probably already on your computer. If you are not familiar with it, you will be amazed at all the things it can do.

Its easy, you let the e-mini S&P go against you by 1 point. Then you do it 49,999,999 more times. Actually I didn't account for commissions, so the number should be a little less.

Like I always tell my brother-in-law who is a teacher "Those who can do, those who can't teach" he doesn't see the humor in that.

Critiquing trades is very informative. I print out each trade with my entries and exits. I then make notes on the paper. That has done a lot to help improve my trading. I also keep a trading book that i write down my thoughts, ideas, and moments of clarity that spring up during the trading...

Thanks for letting us know that. Are you going to comment on the book? :confused:

I almost never beat myself up about leaving money on the table. i know it will happen. I also reinforce the profit from the trade that I took off the table. Thats the main thing, taking money from the trade. The occasional times where I may get slightly upset is when the price does...

The topic is changing slightly and that brings up a question. How do you keep from leaving money on the table? I do not have a set way of addressing this. It changes depending on the day. I think it is still one of the procedures in my trading that I have never really sat down and put...

Ok, I have changed my mind. Trading is not like surfing. You will never lose a nipple trading.

Thats why I don't surf. "Jaws" messed me up badly. Then while in the Navy I thought what better way to get over my shark phobia than to confront it head on by becoming a Navy diver. Plus it will be cool being underwater in tropical locales seeing cool stuff. Plus you get to wear a really big...

Mike, your surfing analogy sounds exactly like trading to me. Wave selection, knowing conditions, etc, that is the best comparison to trading I have heard. Learning ocean conditions at a glance takes years of experience, just like knowing the markets. There are so many subtlety's to...

Closing the position because it is going a few ticks against you sounds like fear. Fear of a larger loss, fear of being wrong, and a million other fears we give validity to. Before you start a trade do you have a solid stop loss? or even a stop loss area? I hope so, but it sounds like you...

Loses are part of the game. Actually a big part of the game. Everybody has them. Just gotta keep them small. Small is a relative term, could be $50 bucks for one trader and $500,000 for another. I went through exactly what you describe. if i made money it was a fantastic day! If i lost...

I think people have different ideas of what "the zone" really is. Hoodooman said its a mistake to trade with your subconscious. Probably correct if you think that trading with the subconscious means you are not trading with the conscious mind. That does not sound like something I want to do...

Maybe you have it backwards. maybe nobody is pushing down the price of oil. maybe it is coming down so fast because it was artificially inflated in the first place. that makes more sense. Cheap gas is gone. I still cringe when i think about being in europe in the late 80s and they were...

The problem is most people would not buy an under 10k car. They would rather have a 50k suv. Unless the price of gas keeps going up, then you hit 4-5 bucks a gallon and now an under 10k car with great mileage starts looking good. Your second comment is dead on. unless you get a powerful...

Yeah, it would be hard for the govt to keep it a secret for long. Although I would like to know who killed JFK. Why would you waste truckloads of money to short oil? That might make it cheaper, but why not take the same money and put it out as rewards for terrorists? get the numbers...

My trading breakthrough was when I realized "trading is not rocket science". Yes, you can make trading extremely complicated, but I having the most success with incredibly simple trades. Over and over again. My second breakthrough would have to be learning and being comfortable with...

I don't use CMS. Limit orders to get in usually get filled without a problem becuase I pick and choose my entries. Getting out is never a problem for me becuase I use stops that turn into market orders when the number gets hit. In the ealry days I used stop limits to get out and a fast moving...

you need to forget about limit orders to get out of a trade, you want to use stops. A stop will trigger a market order once your price is hit. A limit order triggers a limit order when your price is hit and if the market is moving most of the time it will blow right past your limit...