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Mirror image of last week. Only 4 days long and generally slow summer trading, but it was my third best of the year. +$53,000 on 433,000 shares traded. Daily pl was +23, +19, +5, +6 Almost half the gains came from positions I carried overnight coming into the week. Long ES, NQ, short...

The three goals of trading, in order of importance: 1. preserve your capital 2. earn consistent returns 3. earn large returns Skipping 1 and 2 and going straight to 3 is what kills most amateurs.

I don't know yet. I got the email though. Will have to see how things play out.

I trade multiple strategies. Some have hard stops, some have time stops, some have no predetermined stops. Could I optimize what I'm doing now and make it better? Probably. There's a never ending to-do list of stats to look at and ideas to tweak things. Once in a while I get motivated and...

Have you tried adding a zero to all your orders? 30 grand a month is pretty sweet in most people's books

Don't you watch CNBC? Everyone knows channelingstocks.com is the place to learn this. You just buy at the bottom of the channel and sell at the top, over and over. I think Bob retired doing just that.

Half way through the year, a brief update of the overall picture. Gross p/l is $466,000. I've traded 17M shares, so net on that is roughly $425k. If not for two big days on May 6 and May 21, I'd be at the same p/l I was after the first quarter. But that is why I'm here every day and is the...

Late report this week. I left Friday morning for the weekend and just updated things now. Terrible week, the worst (not counting fat finger) in over a year. Absolutely nothing went right. Monday started out ok, seemed quiet and made a few grand. But then I was on the wrong side of...

It's a timber frame home, about 5,000 sq feet plus full basement. It'll have a bit of a 'ski chalet' look, definitely not modern. Just finished insulating last week, drywall going up soon. The exterior should be mostly done in another week or so and I'll post a pic of the progress then.

A little late posting the weekly update. I left Friday morning and was out all weekend. It was the worst week of the year, in fact the worst losing week since May of 2009. Nothing was working, on the wrong side of a lot of listless, low volume trends. I was positioned mostly long with my...

For some of my mean reversion stuff I'll use bands around the mean to set entry and exit targets. Other than that, just simple trendlines and volume.

I have always done the majority of my trading in the first hour of the day. I used to sit at my desk all day trying to scratch out whatever I could. Sometimes it worked, many times it was to my detriment, trying to force trades that weren't that good. The last couple years I've finally been...

I think Echo is offering Lightspeed now as well as Sterling. Not sure on the rest. I didn't trade CPO or V today. The weather was nice the the market was dull so I was out most of the day.

Soooo dull this week, but the end result was good. Every strat produced moderate profits with no big losers. +17k gross for the week, only traded 430,000 shares. Daily pl was +6, +1, +6, +2, +2. I wish there was something exciting to report, but just plain old summer trading.

It varies greatly depending on what kind of opportunities the market gives that day. When I leave my desk for the day with positions still on, yes I am taking a risk that something unusual will happen while I'm gone. But if I stayed to try to mitigate that risk, then I'd be assuming that if...

An amateur thinks about how much he can make. A professional thinks about how much he can lose. Might make a good sticky note on your monitor.

Another low volume, generally boring week. The second losing week of the year, - $5k on 440,000 shares traded. Daily pl was -8, 0, +1, -3, +5. I don't even remember any interesting trades to report. Except the one I missed. THO on Thursday probably would have been a sweet (but painful)...

No, I haven't. For the burpee challenge, I'm just getting through them in chunks of 10 and 20 throughout the day. I have tabata'd other moves though.

I've been an endurance sport guy since high school. 20 years of pretty steady racing and training road cycling and triathlons. Gym work was always off season drudgery for me. I decided after I did an Ironman triathlon in '07 and '08 that I'd take a break from that for a while and try...

My typical day goes like this: Up at 5:30 to 6:00 make coffee, do burpees pre-market prep till the open at 7:30 7:30 to 8:30 trade a lot, put on lots of positions eat, chat with the wife, read newspaper check on positions waste time on various websites, including this one, keep half an...