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lol, lots of people sit at the screen a lot longer than that and end up LOSING money, nevermind it being easy to MAKE 5 points per day if only you were willing to spend time screenwatching! You imply that the only pre-requisite for making money trading is the ability to be able to concentrate...

LOL, I love elitetrader! I tend to prefer trade2win, but you never get all of the ridiculous 'big boy' bets that will obviously never take place, which i miss! lol. I love that about this place. Cracks me up. "Oh yeah?!! OK then, I bet you 50k that bla bla bla bla" hahaha Its makes me...

I thought the spreads on stocks are like 5c or so, whereas in the real market, they're often 1 or 2 c? Im probably wrong. I dont trade stocks. If you're able to scalp just fine, then obviously keep it up!

but you'll need to swing trade with such an account rather than daytrade wouldn't you? Big spreads and stuff would make short term trading near impossible, would it not?

This up move wiped everyone out? Ghost town in here...

Even better day so far today. That's 2 days in a row!! Consistency or what!! Im clearly ready for live trading (just kidding :))

http://www.freestockcharts.com/ PS - To me, the charts look like they are of the same instument, only one is in a very small timeframe and one is of a largert timeframe??

I think we get the point that TA / squiggly lines / fibs etc etc are useless, but do you ever intend to take the discussion forward and talk about what does work? It seems that every post, you tell us what doesn't work, and then say really generic statements like: 'To make GOOD money you...

Quiet here today. How have you all done? I've had my best day in ages (still on SIM though dont forget) I was actually gonna stop for a few weeks and take a breather because I tend to be getting beaten up everyday! Although today has encouraged me again. How would you describe todays...

I guess psychology cant make a losing trading method profitable.

Try out the same system on another 2 instruments. post results. I bet one of the instuments turns a small profit

cover here at 70.10 for +40

long 69.70 20c stop

took another trade on cable (winner) and am now at +270 for the day, and really am calling it a day for now.

Big Outside bar? Where do you live that you're worrying about getting shot DT? You cant let a little thing like that interfere with your trading!!!

Thanks for replying Mogul. I do feel I probably am overtrading. Its just that, until I think i've found one setup that undoubtedly gives me an 'edge' then i feel that i have to take all of my various seutps over all of the instruments i look at. Definitely on one of my next 'stages' of the...

Just remindind myself. I shuold have mentioned that I plan to use this method to test other ideas and theories in my head when it looks like my current stuff doesn't work. Im gonna give my current method at least another week or so. I think bearing in mind that im trading off of 5min...

another losing day. -500 today fri 730 mon (-100) tue (-300) wed (-104) thur (-500)

i've not reall been following this journal, I must confess. You are going live now? Have you had a month or so of very encouraging SIM results? I've started my own little jounal too. All on SIM at the moment. Tired of throwing so much money down the drain. Need to get VERY consistent...

Probably done for the day here. Losing day of -104 glad that my losing days so far have been a lot smaller than my winner meaning im still in profit overall so far, although I cant rely on such winning days to occur as that winning day was rather rare where i was able to pocket over 100...