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Hey, everybody's makeup is different. Some people are happy with small consistent gains and using relatively tight stops. Other people can handle wider stops and go for the trend day when it sets up. My opinion is you have to walk before you can run. I'm sure some would say you can...

Once I got to the point where I could trade and consistently make more than I lost, the problem became to stick with what worked only and not be upset if a train left without me. No other book worked as well in helping me master the mental aspect of the game and stop the self sabotage.

A little Zen... You cannot apply the principles of Zen until you know the game perfectly inside and out. Having the proper attitude of Zen calm and confidence does no good if you do not know the game.Zen will not make up for, or offset incorrect poker play.As a...

Great point H trader Very true about accepting missing market moves. You have to think that your setups work and they will catch many moves and be satisfied with that. If you start worrying that you missed a move you will start violating your criteria for entry and...

This a.m.exiting the QQQ there was an arca bid .05 over the inside bid . I didn't trust it though and hit island which was at the inside. I'm going to go into T&S and see how many trades went off at that price.

www.holders.com This link shows the stocks which make up ETF's. monee:)

I had very similar problems when I had a dial-up connection. Switched to a cable modem and no problems. Did you try a ping test to Townsend and make sure your times are not slow ? With the cable modem I get ping times of 30 ms vs 200 for the dial-up.

Wow with the weak Sox and techs I guess, the divergence between the S&P and $Comp is sure unusual. Really makes signals strange . I'm sitting the day out.

sure

Have often thought of this ... Its sort of a battle between looking for the smaller daily high probability gains vs the lower probability huge gain. But for intraday your position size can be much larger due to not having the overnight risk. I can empathize with large moves being missed...

interesting point I also find cash charts better but don't you need the e-mini charts for placement of stops?

Great comment that 70 % of day traders will not only lose but will almost lose everything they invest. If they are day traders they are not investing. Seems like the author has a case of sour grapes...

not exit but maybe a tight trailing stop but this does eliminate the chance of the occasional windfall profit

What was learned: Trade was entered based on pure momentum with little regard for risk. Was actually a bad experience because easy money was made the wrong way. Its been said money made the wrong way is just a loan from the mkt.

Was long CPIH at about $42 and out at $62 with 200 shares. I was in the trade about a 1/2 hour. The stock was trading for about $2 a week earlier. The stock was a China play when the China stocks were exploding. I only traded 200 shares due to the huge volatility, but the risk in...

Great post rs7!! What also helped me is to realize each trade is only 1 in a series of many. Also learned my personal mindset and physical condition to know when I am in a keen mental state and when I am not. Also getting away from looking to score the home run...

But I knew how and why-- because I traded out of season all the time;because when I couldn't play according to my system which was based on study and experience,I went in and I gambled.I hoped to win,instead of knowing that I ought to win on form.

sounds like you have a plan As I said I stay away from high risk trades. Good trading to you

Not my style but what the heck different strokes for different folks. Have accepted that I don't care if I miss money on trades which require a level of risk greater than I'm willing to accept.

out of curiosity your stop loss is where?