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Seems like Jack is just encrypting his advices. He is a real deal after all. I went back and saw a posting where he mentioned the attributes of a good/bad trader (decrypted), I can see that he is right and that he must have a lot of experience in trading. So nkhoi, what are you...

Thank you for the solid advice Vienna! Douglas seems a bit confused in his book. He first mentioned that the market direction is like a flip-of-a-coin and one you placed a trade, it could go either way, but later in the chapters, he suggested an entry system. I am thinking that if he...

I am not feeling apologetic nor feeling guilty, but if I did offend anyone, please let me know, since I am not well schooled in interpersonal skills and forum etiquette. So far my result is below par, but my account balance is still in good shape. It's only down by 3...

I hope cold will be back soon. He is very experienced and have a lot of unconventional wisdoms. I hope that he will be back to contribute more to this board. Pension_Admin

Interesting. Could you please elaborate on the affect of the melting permafrost? If it's going to affect the housing needs, does it mean people from the USA should start investing in Canadian real estate to capture the profit from supply and demand imbalance in our housing market? I...

Right now, it is Saturday afternoon. I know I should go out and do something to achieve a balance life but instead I am going through some of the archives in this board. I think I am really addicted to learning about trading. It is very enjoyable to learn about different systems, concepts and...

I think when cold mentioned "when you die, stay dead" It wasn't refering it to bogan. I think he meant that traders who finally understand trading should get away from ET and don't let any other things distract him/her. In a way, I can see that cold have been through a lot of hardships...

bogan, sorry to hear about your situation. I wish you all the best and hope you'll have a full recovery! In the mean time, enjoy this journey! Sincerely, Pension_Admin

Hi nutmeg, Thank you for your posting and for your concern regarding the exit and trailing stop rule in my system. I have multiple profit targets in which the first profit target tells me when I could raise my stop to break-even. The rest of the profit targets tell me when I should trail...

http://www.youtube.com/watch?v=CNB1EUJg1-w

Thank you for the advice. My interpretation of it is that in order to succeed, one has to work hard, never give up, and continuously research and improve, and try to, not only know, but to understand every aspect of trading. This makes perfect sense. The difficult part is identifying the...

7 trades were placed last night. 1 win, 1 broke-even, and 5 losses. I am perfectly fine. I will just enjoy the weekend like nothing happened and start off fresh next week. Pension_Admin

This is one of my favourite song: http://www.youtube.com/watch?v=oKTiwCez6Zs I don't know why, but I got a feeling David Coverdale is a trader.

This morning, my 3 winning trades from last night reached my last target point. I took the profits, but I am still in no way where I was before, but the winners does help offset the losers by a lot. Another 6 trades were placed this morning. All of them looked like top-and-bottom-picking...

Somehow, I have to agree with you on that I am purely gambling. I have made the mistake of not admitting that before but now I have come to realize that I am purely gambling. Pension_Admin

I do my best to determine exactly where my stop, targets, trails, and scale-up are. The stressful part is that I have to leave the trades and go to work. My day is like this: Wake up Close & Place trades Work Read ET Close & Place trades Sleep I have absolutely no control over my...

Thanks for your kind advice. I really don't enjoy all those negative feelings, but I am trying to put those negative feelings to good use and hopefully they will motivate me to become better in some ways. Pension_Admin

I absolutely agree with you and that is what I am doing. I am riding my winners and cutting all my losers short. I place hard stops and if it get hits, it's fine. It's just chaos and it's expected. The system I am currently using is not really for trading, but it was indeed paid and comes...

Random or not random, it doesn't really matter to me anyway. My focus is making more money than I lose on each trade. I know if I am the market maker, I would not enjoy being the counter party of those who would make me lose more than I win. Thanks! Pension_Admin PS: I believe if I...

I am really not sure, but I believe that random has a constant element to it whereas chaos doesn't. There is no edge in my system. I do not get to see the hands until I placed my bet. Pension_Admin