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I would go back over the old trades and see if they could have been managed any better to reduce some of that drawdown. Devise a method that tells you when the market in general is on the long side or the short side and trade with those signals.

Slippage will depend on how your orders work in your strategy. and it will also depend on the time frame you are trading. Some multiple of the ATR for the time frame you are working in should give you a reasonable estimate. As ATR increases so does slippage on market orders. In real trading...

Does your performance report take into consideration commissions and slippage? Many times you can get nice looking results only to find they are false unless you estimate all costs accurately.

Market noise is amplified on 2 minute charts. Just looking at them at all will churn your emotions and run you out of a good trades early, or cause you to overtrade by sucking you in to trades at bad spots in the context of the big picture. Do you have any concept of what accumulation...

Trading 2 minute charts alone is highly unlikely you will be profitable long term.

Looks like another target gets hit today just above that 11164 resistance mark.

Here is CTB weekly chart with traditional TA. A great stock to chart. Since the bounce is already undway off the Head and shoulders target, I would wait for a low volume retest of $9 and nail it there with a fairly tight stop for the bounce to $11. If a bottom forms, then play it as it sets...

If TA was no good, then the CMT designation must be a fraud and the college level courses must be no good. All those poor technicians running around out there thinking they got a legitimate education.... Most who criticize TA know nothing about it and they are too lazy [or worse yet, stupid]...

Excellent work.:cool:

I passed it the first time. Most of the class was college age kids and most of the class failed. The instructor told us at the beginning the college grads would be the worst, simply because of their attitude and lazyness. You have to commit to 4 to 6 hours a day. They don't let you see the...

OK, I see the same thing. Thanks.

Can you explain what you mean by freeze the longer term investors? Thanks.

Daily chart here. Plenty of gaps and price resistance dead ahead. Should be able to short this again depending on how strong this up move is.

Sounds to me like you want to buy near 20 with a stop just below that, or pass on the trade. Here is a guy who may be able to help you with this. Just remember this. Support is the place where buying should begin to pick up. If it doesn't then you just have to bail. Same with...

monthly chart....acting like serious support was hit yesterday, again. If it gets pounded a lot it will break eventually.

looks like this has already made it's short term upside measurment for the sloppy bottom yesterday.

looks like that flag mesurment has been made.

Eventhough you work all day, you can still swing trade and learn how to use the orders and stops. If you can't make money swing trading with end of day data, there is no need to try daytrading yet. Those are all good, but you need to learn how to read charts. So you will need to read...

What books have you read already? Have you traded anything at all? You can go to www.ensignsoftware.com and download the software for free and start simulated trading today. Practice to find a method. Simulated trading will not help you with your emotions though. Also you can go to...

People are Ok, it is what they do that is upsetting. They can't help what they do, yet most feel they should be able toact properly at all times. But none of us are any different. Each of us sees ourselves as righteous individuals, but in reality we all are unrighteous at some point or...