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One of risky setups, not for conservative traders. Certainly not for low volume thin stocks. Usually applies during first 30 minutes of trading, price range $5-30. Simple description without discretionary variables: Open High and Open Low break setups Make sure range is 25 cents or...

"If the market were logical, we'd all be winners. So let's give up applying a system of expected outcome... The brightest minds in the world can't figure it out, so how can we expect to do it?... Just give up that idea that we can figure it out! Listen to the market shout a very clear and...

you certainly have a point, but it is my feel that you and Commisso are talking about the same thing, I see no contradiction in your angles. The thing is, you have your emotions under control - they do not govern your actions in immediate sense. Rather you use them as reflection of what the...

your posts sum the game up to great degree,IMO, love the simplicity, too - kind of simplicity one comes to through hard time of fighting and finding oneself. No wonder your result is great :) Happy New Year guys! Vadym

yes, I meant the one by Mark Douglas, should be more specific, just forgot about the same title by Ari Kiev :) I understand what you mean. Disciplined Trader was the eye opener for me too at the time, and when Trading in the Zone came around I read it not as life-changing book, rather like...

sorry, can't agree with you on easiness of trading and commenting at the same time. I tried - no can do. Maybe it's just me... but look: you are putting on a trade, let's even suppose trade developes slow enough for you to not just post your entry but also briefly describe setup, stop placement...

I understand your point. While some objections to this were made by others earlier, let me say two things on this matter. 1. Since we agreed that room obligations impact personal trading to great degree (I think this is unquestionable when we are talking about intraday trading), do you see...

see, the problem is, you are still fighting, challenging, proving something... while you are invited to constructive dialog. My question was, do you accept other opinions as valid or you are convinced once and for all that there are just two opinions, yours and wrong one? Fir instance, I said...

Ok, let's try and establish constructive dialog. First of all, let's refrain from words like "crap" etc. What doesn't match your perception is not necessary wrong. If you see something questionable from your point of view why don't you question it or state your disagreement in respectful manner...

this is great quote you posted. To me, ability to allow for other points of view to co-exist with no conflict, ability to reject thinking in absolute terms, realization that nothing is ALWAYS, EVER, FOREVER etc, tolerance for different ways of life mean maturity and even wisdom if you will...

I am somewhat torn on this... see, my concern is: all the basics and many details of our trading philosophy, methods and techniques are relied on both, SI thread "Trade what you see, not what you think" which has thread summary (I am not sure whether it's ethical by Elite house standards so I'll...

Disciplined Trader is one of rare books that set a trader on the right path, totally agree, but in my opinion Trading in the Zone, latest book by the same author beats first one hands down. Ideal way is probably to read both :) but if I had to chose, my choice would be Trading in the Zone...

your math is not entirely right, let me make some corrections (just for the sake of balanced approach). 1. We don't have 150 members. I hope we will though but unfortunately rooms with pure stock picking run by mysterious gurus are more popular than ones with education that make members...

The ET members from the replies are actually thinking BUYING the highs & SHORTING the lows is a GOOD TRADING METHOD......... it is a losing game Not to go into other points of your post but with this I have to respectfully disagree. If you commented on some particular method Ken uses I would...

Actually, this might be good indicator of honesty and real purpose since any hohest room leader with intention to educate rather than to brag and solicit would show examples of stop taken. Two kinds of such examples, both useful: first, when stock continued lower, to reinforse necessity of stop...

Ken, I also believe stochastic is not useful and potentially harmful in trend where resistance/support provide pause/slight pullback and continuation rather than reversal. Stochastic is rather indicator for ranging markets. Vadym

Whoa, what an unfortunate coincidence, to have someone with almost identical name who worked in the the same field and got flamed by officials years ago... Gotta do a search for Vadymt, just in case :)

Actually, you gave answer in your post below e-mail quoted. Most of traders that lose money do so not because they don't know some trading "secrets". They sabotage themselves as they can't overcome (and often even recognize) the enemy within. My favorite illustration to this point is russian...

no, I am not. Just flipped through the site though - looks interesting, and strategies listed do look valid. First feel is, pretty legit job. Sorry if for those that know them for a while it sounds like superficial evaluation, I don't mean to sound patronizing... it's just that there are so...