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I will take credit for that one hahaha.... good to see you put in a decent day! Sit back and wait for the $$ to be lying on the floor in the corner and walk over and pick it up... easy as that. Oh btw check out Lescor's journal... you will see how he made a huge chunk in a 1 month period that...

I'm of the same opinion, the potential is def. there. You cannot ignore the fact that this industry attracts gamblers but this is who you make $$ off... people who don't understand the probabilities... just like in poker. Games of pure chance where I can't get an advantage i.e. roulette, pokie...

OK thanks for the info, yeah I figured they get all their news from the same sources. I really can't be bothered sorting through because that distracts from my trading. What I was more interested in was the speed of say Briefing compared to theFLYonthewall... I'm getting a free trial of...

What? No takers? I thought ET was full of opinions

Not allowed... sometimes I curse the policy... other times I thank my lucky stars... either way I sleep well at night!

Just wanted to know what you traders think of the news services out there... We have 'trade the news' on the floor but the guy is always mumbling and they are generally late on news (non-economic). So, besides Bloomberg / Reuters as these are bit too expensive... what do you recommend...

Good question, it's interesting because I was just discussing this issue in particular with TokyoGhetto. Yeah I have tried spreading with size. I also know someone who has spread it with 1m shares... yes 1 million shares!! This person made a ton of $$ in 2009 and early 2010. Not now though...

PM'd you...

I couldn't really get anything going today... couple of little losses combined with only one decent trade on XLF (got out earlier then I should have). Everything gapped up so there wasn't too much opportunity for the day trader today. You have to either bang in at very dicey levels or sit on...

Thanks ES, yeah I was always interested in it... I remember going to a Open Day at an exchange when I was 14yrs old... It was funny because obviously no one took me seriously. I borrowed some $$ from a family friend and from 16-20yrs old I made a bunch of $$ trading (swing / buy&hold / no idea...

No trading today... finished Dec +$9,762 20 days trading - 13 positive 7 negative... But the good thing is 5/7 of the negative days were less then $300 and this makes me very happy. Two stand out negative days... one on the first day of the month which got me off to a rough start and...

Great book but as an interesting side note I discovered a little while ago... From being considered the best trader of his time and being one of the richest men in the world...He actually lost his entire account later on and committed suicide... True story! Crazy but a cautionary tale about the...

I must admit your writing style isn't good for me BUT this post really got me thinking! Very interesting. I always liked behavioral finance when studying economics and found it difficult to take other theories very seriously. daniel kahneman's Nobel Prize winning lecture of 2002 (Here) was...

Good advice / observations!!! Everyone is talking about systems... seriously there are no good systems for sale for $5k or for any amount of $$. It has nothing to do with the system itself (because there are profitable systems) it's just about the pure logic of it... no one in their right mind...

Make that 7... Also... Ignore the 7th persons advice... Just plain wrong about systems bs. I don't want to even try to justify if with an argument.. Écoute pas!!

The first 6 responses are negative... Love it hahhaha... That probably includes some of the 97% losing $$$ in the market To be honest OP your not going to get a proper answer to that question here. Your better off discussing it with someone in your life (work &/or social). Whatever you...

Thanks JM, I'm doing it to help my trading by talking about my day and confronting my bad days to learn from. But if I can help others at the same time thats great! If we trade the same then maybe I shouldn't help you too much or you will start taking my $$$ hahaha ----------- 30/12/10...

Edge... hahahaha... sorry but for me that word is over rated and over used Look, if you want to use the word then of course I have an edge... reading charts and time&sales. PA (I assume you mean price action) is probably the most important thing in trading besides money management issues...

blotter from yesterday

+1... thats more like! Oh and Nooby_Mcnoob... I won't take up any more space on your thread as I think I have given you enough advice. Optimism, determination,perseverance and a little bit of skill will get you 90% of the way there! Good trading and I will be watching your journal to...