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Hey spreadem, I used to like to give my trades some "room", so I would use loose stops. All it accomplished was that it made me lose money faster. When you're wrong on the direction of the trade, you're wrong, and a larger stop just means that your next trade has to win even more to break even...

I find the last 15 minutes to be the worst. Lots of volatility, but more times than not, you will get whipsawed to death. I like to be out of ES by 3:40pm at the latest. I may miss that occasional big move at the close, but more times than not you will get burned by staying to the close. The...

husky, I trade on my own. I trade a lot of spreads. They are a lot less stress and lets you trade the market without putting stops all over the place. The ags seem to have a lot of stop running, so not having any stops puts you at an advantage. It's still possible to make money trading...

I've been trading ag futures for 10 years. I find them highly tradeable except in summer. Sometimes they get pretty aggravating though and hard to figure out. Some years I have made tons of money trading Wheat, some years it could have sent me to the poor house, so be careful nonetheless. Even...

Email me with your offer. I got the original CD plus manuals. I'll be reasonable on my end if you are reasonable on your offer.

I am fully aware of the mental effects of large losses. But I also know my ability to bounce back. I have matured in trading, not just in my understanding of markets and indicators, but also mentally. The difference between taking cash advances on credit cards and being able to trade...

Echo: I know they have their own tools and trading plan for their people. I know it can be done, but is it being done in today's stock market? (I haven't traded stocks in a few years during this bear market, and have turned my efforts towards futures spreads.) Anyhow, thanks for the input...

I'm considering going to the Bright Trading seminar in January. I've spoken to Don several times and have went over their web site. I've reached a point where I believe I can trade for a living. I've paid my dues for the last 10 years in futures and stocks, doing it on my own, and now can...

What software tool do you use to monitor the market depth of the e-minis? This is all very interesting...

I think there are still a whole bunch o' questions that everybody has on these still unananswered. I think the hold up is due to software issues. I would sit on the sidelines after they go live to see how things go before jumping in.

There's not a lot of slippage in the e-minis, so market orders will generally get you in/out at the ask/bid price. It's kind of been my rule though to enter a market by limit orders, exit market order. To answer the original poster, trading the e-minis can be profitable, but they are quite...

Bryan, your description is probably much more accurate. My quote was more tongue-in-cheek. I personally just entered middle age (41), so by the time all this comes about, I will probably be an old man and had lived most my life in "relative" freedom. However, I have 2 sons that have never had...

OK, OK. I get the drift. Nobody's going to hand it to me on a silver platter... :) I'm not going to piss and moan about my overworked/underloved schedule, but I was just kind of hoping I could pay $20 for some pre-printed stuff so I don't have another thing on my To Do list.

You all don't get me started on NWO, but it's obviously too late. The NWO is coming, like it or not. The question is WHEN not IF. The good ol' US is still putting up some heavy resistance, and I know plenty of fellow Texans that would come out the door with both barrels blazing rather than...

I have blown out 5 times in the last 10 years, but only once in the last 5. None the last 3, in fact, starting to be a consistent winner. I disagree with the original poster about beginners being undercapitalized. Whether they have a $5K account or a $50K account, they will blow out both ways...

Hi, I've been trading now for a number of years, and one shortcoming I've always had is that I've never recorded all my trades. Sure, I have broker statements, but never recorded WHY I entered the trade, the chart formation/indicator that prompted me to enter the trade, the lessons learned...

Yes, WHY stay in a losing position? Unfortunately, people do it all the time. There are trading systems that have it built in, such as scale trading. The thought is that if you hold onto the trade long enough, it eventually will go your way. Sure, if you have REALLY deep pockets and ice flows...

Inandlong, most definitely. Taking profits should be in graduated steps. I believe that the first partial profits should be taken at the point in which you can cover the costs of your trade and a small profit, PLUS at the same time, move your stop loss to the entry price. The stop becomes...

My reality check is to realize that each trade probably isn't the trade that will make me a millionaire, and it's a waste of time to think of it as such. The best trading quote I have heard is (simply) "take profits while they are there." Why? Most traders are right about the direction of the...

Everybody like to TALK about money management, but nobody does anything about it..:) Seriously though, trading is more mental than anything. A person can see anything they want in a chart. If he is biased in one direction, which often happens after they take a position and put up the money...