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Captain, Very true! I am going to share a graph with you on my thoughts about today and what I was thinking at each point. I don't necessarily believe it is a difficult market to trade compared to stocks. In my opinion, stocks are much harder to get a handle on -- but index movements are...

Well I'm assuming I'm not the greatest trader -- so this is just a testament to how important mental discipline really is. We will see what happens when I have real money in the account -- but since I've already written off the entire 5k as lost, I don't think it is going to affect me one way...

Captain, You're probably going to think this is crazy, but I do average down quite often when trading the ES. The trick to doing this is two-fold: a) Knowing when you can do it and get away with it b) Only averaging up or down to your stop, but keeping the stop. I traded 10...

Today was fantastic for me -- I normally run around 5-10% return per day on my simulated account with Wasendorf & Son Company, but today I managed 17.50% After I learned that indicators are just a small suggestion and to actually look at the chart and ask myself, "what is REALLY going on so...

ElCubano, Everyone has a different strategy on how to conquer their worst fears and inhibitions. Sometimes when I get really worried about something (i.e. date, job interview, trading, etc), I constantly have to remind myself, "hey, it's only life -- don't get too stressed out about it."...

Green is better than Red -- always remember this and you will do just fine. If you find you consistently lose money, you are doing just as good as someone who consistently makes it, so just do everything totally the opposite of how you would normally do it. Trading is all psychological to...

Well, thank god I'm still trading in a simulated account. :) Actually, this morning I checked the world markets and realized that there is more to trading futures than just guessing. Here is a true story about discipline. This morning, I got a signal from my system to short ES --...

Superego, is this you?

alterego, Give me a break, ok? I realize the market can and will do anything it wants and anyone who makes a prediction that proves to become true had a 50/50 shot to begin with. There are entirely too many "on edge" people in here that take life much too seriously. aphie

LOL! I post a light-hearted thread and people are jumping all over me! 900 is a strong pyschological support level. Maybe I'll eat my words by 9:31. aphie

I am not playing this future's game yet -- I'm just stating an obvious fact. Wait till everyone gets back from the beach and we all realize no terrorist actions took place. Things like this should be a given (that the market sold off before a long holiday weekend), but some people just don't...

Are really going to feel it in the morning -- who in their right mind would be shorting this close to the 900 level? aphie

Damn daniel_m, you really cut lose on him! aphie

You will, god willing, do just fine! aphie

------------------------- Stock A has a weight of (160/500) x Beta .5 Stock B has a weight of (120/500) x Beta 2.0 Stock C has a weight of (80/500) x Beta 4.0 Stock D has a weight of (80/500) x Beta 1.0 Stock E has a weight of (60/500) x Beta 3.0 Total BETA for all stocks is 1.8 I...

Here we go... First Problem: Suppose you hold a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio beta is equal to 1.12. Now, suppose you have decided to sell one of the stocks in your portfolio with a beta equal to 1.0 for $7,500...

So 100 dollar bills would be 3.58 feet! :cool:

Gordon, Good job! I'm glad you're still in the game. Btw, nice picture. Do you have any idea how high a stack of a million dollars worth of 100 dollar bills would be? 10,000 100 dollar bills? aphie

I've heard a lot of statistics about how many traders fail, break-even, etc. However, is there a place I can find real studies of this? I have heard there are only between 5,000 - 10,000 professional daytraders in the United States. Does anyone know what the best 5% of futures traders take...

Gordon, Just show them one of your account statements and they won't bother you anymore. aphie