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-$295 red

I'm not sure if that comment is directed at me or not but I'll keep it "real" this whole week and as far as you'd like to keep going. BTW $1090 is a good day NOT great. good trading to you sir and I'll see you tomorrow.

I will NOT let this thread die lol + $ 1,109.90 good day :)

http://www.bankrate.com/brm/news/investing/20000718c.asp but the actual answer is it's not possible.

Great stuff by a great trader. Take note.

those are pretty good photo choices sir.

Perhaps you are joking, or only know one or two successful traders. I assure you that there is a HUGE percentage of successful traders (when I say successful I mean 7 figures a year) that have blown MULTIPLE accounts well over 5k. Past performance doesn't dictate future results.

you need to size down cowboy! and also a max daily stop limit and quit trading for the day.

just an update this WORKS, probably not forever but right now it is really great. KV.A alone made multiple HUGE moves. I am going to start calling things real time. P.s I'm not really a big computer guy so how in the world would I go about backtesting a purely discretionary system?

+1 my wife to be ( 3 months) makes 4X what I do. She provides security and I provide the windfalls. Works perfectly. The key for marriage is for both people to be REASONABLE which VERY few people actually are.

this is bad to admit but I'm with "inky" on this one. I still havent found out how to seperate my feelings from my P/L yet. When I have a bad drawdown day I feel awful for hours. If i have a great day I fell like opening a HF! lol. It's easier said than done for sure. I guess that's how people...

looks like he shoves "all in" every trade. with that small amount of money its possible I suppose depending on the stock. that is interesting for sure!

still have that KV.A position? that thing is going to be a BEAST. $1500 per shot is unbelievable.

Seems like being consistant is good overall (not blowing up and hitting singles) but all the REAL money comes from BIG trades. I think it was Market Wizards that meantioned 90% of profits coming from 10% of the trades. Make a living when you can and kill it when the timing is right seems to be...

I agree that with this example the expectancy is not good. The problem is I'm not right on 1% of my trades. Lets say worst case its 20%. So being right 1 of 5 times and having a chance to catch a HUGE run is worth getting stopped out more often. We will see what happens. If i stop posting its...

how were you cherry picking your trades? I have been waiting till about 10am (height of the bubble) and then getting in either short or long. Seems possible.

Respectfully how do you figure the expectancy is zero when the winners are so much larger than the losing trades? You may be correct just wondering how you got the conclusion?

I have been but im only 3 trades in. 2 stop outs and an 11% gain. so far so good.

Stocks can only go two ways: Up or Down. So why couldn't a person trade the most active (i.e big price swings) stocks like the top 10 Advance/Declines and just use a mid range stop and be profitable. These stocks usually have HUGE volume and move 10% up or down after the open so you have a...

bump for great/sucky thread.