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So you are trading this creeper market before the FED announcement....:)

It does not say that Buffet closed every year with 50% or more, but indeed he had quite a lot years with 50+ %. The point in your quote is that it can be an advantage to be so small that you can enter even smallcaps without moving the market. Even as a trader this can be an edge. Think about a...

Congratulations!

I do MP by hand during the session for the 2 futures I trade. It keeps me busy if the market is boring (for me ;-) and I also can get a feel of the market environment. So MP helps me to watch the market from another angle and sometimes it provides me with more confirmation for a certain trade.

Good Morning, Sir. :)

Piezoe, this is one of the best pieces of advice I have been read so far at ET. Thanks, Mark

You have done pretty well since your start. I am sure your current drawdown will soon be history (with pruden risk mgmt.9 :)

In Black Jack or Poker you have some more singualr events, that is right, but it is not a continuum like trading. In trading you can buy a stock and hold it, hold, hoping, hoping ...:)

If my equity is up I should use more of it. Example: I risk 1% per trade of my equity on 100.000, which means 1000 per trade. So when I am up 10% I should use 1100 per trade. Same vice versa (then it is more about preserving my equity). You are right. Adding to a loser is different but I think...

When you are gambling you have a singular event. You put your chips on the table and then the game is made. Won or lost. Trading is more a continuum. You have to decide when it is over. This makes it quit more difficult and easier to loose a lot. You have not only to enter the game, you have...

So what! Goldilocks?

In have not experienced any today and I have been trading since 8.00 (GMT+1).

Risk Management makes the difference. I can recommend reading "Trading Risk" by Kenneth L. Grant as an introduction. He emphasizes one important principle (in order to preserve yours ;-): Take more risk when you are up and less when you are down. Losing and adding risk is similar to...

Like so many here I have the same challenge. I work on it by using a benchmark I call trade management. For example: I have a set up with an exit point and a stop loss (sometimes also a time limit). Supposed I leave the trade before the exit or stop loss got hit. Then I compare the result with...

Patience is not a hallmark of my personality. So, in the markets I am learning to wait patiently for the high prob set-up. I am intraday trading on 1 - 30 M timeframes. I would say I am a scalper. Most trades take 3 to 20 minutes before exit or stop out (I use time limits, too).

Do you know how their rate for about 1000 roundturns? could not find any information on their site.

I do not, but try www.lbr.com, the site of Linda Raschke. She provides the best education I could find. You can become a member for $85 a month and read the transcripts. There is also a lot of very valuable material for free.

Cause you are only human and a draw down of 5 or mor percent could affect your trading unfavorably.

KISS risk mgmt. works best. :-) Do you stop after a daily draw down of for example 5 %? Do you place your stops always in the market?

Have fun! Come on, tell us about your risk management!