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What are the little signs that show that a continuation will occur rather than a retracement. Generally, I'll look for inverse hammers (esp. the aggressive ones) at the LTL, a weak support and/or short support period at the LTL, increased volume as we approach the HTL and a retrace not quite...

I think it may be helpful to post charts for your biggest losers initially. I know you said that "it was in the daily course of business", but I can not tell you how many times I have posted a chart and thought, "this can't be improved" and then someone comes along and will put down a comment...

Yikes!. This is the first time I have seen your returns. I have to commend your system.

02/09: This was a short that was overly extended. I was pretty confident about the short, but failed to capitalize on it by adding positions as the trade progressed. I need to get into a habit of this for rainier days. Pic. 1: Trade 1: SHORT: Entry: $15.82 Exit: $15.04 +$0.78...

Yes I did!

I would have, if, I had ever heard of that stock. At that time I was committed to my beloved FAS, until I found the pleasures of "going around" :p Hope all is well with you.

mdl060374, I think I understand you. If you look at my journal towards the beginning, you will see that I used to jump into stocks within 3 minutes of the open (esp. FAS). Sometimes I got lucky with it, sometimes I didn't. I only survived trading like that, due to keeping my stops tight. If...

Below is such a good piece on trading psychology, that I thought it might have great value for fellow traders. Compliments of Sowterdad; here it is:

Never!!! :D . I am on your journal everyday. I did get your PM; it's just that I have taken a little more than I can chew and am just trying to catch up. I will respond asap..........at your command! :p

mdl060374, so how did you find this? Today was a little scrappy; most days it's better.

Looking for a nice short swing here in the next few days. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086215.png">

1) I just use the free scanner on freestockcharts.com (See image below. This was from today). So far it has worked pretty well. I have it set to the S&P 500. However, if it is a dry day, then I will shift to NASDAQ. Very rarely will you not find something to trade. Btw, I am having decent...

Sowterdad, I know you have actually spent a little time on this and I just wanted to thank you for that. In the past, I used too many MA's. However, I am trying to keep my trading as simple as possible and so have done away with most of my MA's. I am at present working with the 20 & 50MA...

NoD, in terms of %, how many times is that hammer signal a success?. Does this go for all stocks?

1) You're welcome. It's amazing how, we, over in this forum do not personally know each other, but have so much help from our peers. Wall Street has all the advantages and manages to pull a few fast ones over us each day. In banding together, we in our own little way have our success. Thanks...

I didn't trade today, but saw some good opportunities in JCP and URBN. I might trade tomorrow, but feel like I need to take a break. Just like when I have a few bad days in trading, I will take a break to regain my confidence, I think the same here will help me. Overconfident with the feeling...

Pic. 3: Trade 3: LONG: Entry: $31.51 Exit: $32.29 +$0.78 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3085463.png"> Total (+/-): +$1329.00; [+$1350.00-$21.00(commission)] 2011 Net (+/-):+$11142.37

Pic. 2: Trade 2: LONG: Entry: $22.47 Exit: $22.68 +$0.21 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3085460.png">

*I did not trade today; these are trades from yesterday. 02/07: Pic. 1: Trade 1: LONG: Entry: $16.09 Exit: $16.27 +$0.18 <img src= "http://www.elitetrader.com/vb/attachment.php?s=&postid=3085456.png">

Nice, nice, nice!. NoD, you need to mail me out the very same stuff you're taking (& I don't mean the berries you put in your smoothies :p); it makes you think from a very different perspective. I really liked this post. One thing that I have not been doing is figuring out the R:R. If a...