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learn & understand how to read PRICE seadog, i've noticed that traders who consistently lose cannot interpret this war that is occuring between buyers & sellers. A trader who understands price knows instantly if it's advantagous to buy or sell at any time, while the trader who uses...

The chart with commentary may provide some insight.

Here's an example of how one of our traders 'blew it' today. You must not let anger and frustration get the best of you in this game... _________________________________ Ah' let me guess, he was selling? Is that what contributed to his loss to begin with? The dominant theme pointed up...

Quote from Nutmeg: You go long. Stock tanks. You hold. You hope it goes up. Human nature is to have hope. You short a stock. Stock goes up. Fear is in your heart. There is no hope. You don't hope it will come down, you fear it will continue to go up. It is easier to cut your losses on...

A resounding NO, I only believe what the market is telling me, that is the ultimate authority.

Qoute from LordMelbury: in just the last 12 weeks i have unbelievably and stupidly lost 600k, 300k thru trading _________________________________ Can you please provide details on where you bought or sold, what day, etc.. Let's analyze what you did wrong, how can others help or...

Quote from Nazzdack: Focus on price movement of the underlying instead of the behavior of "technical" indicators. That'll keep you out of a lot of trouble. _________________________________ You hit it right on the nose, I could'nt have said it better, price is KING, price is the premier...

Quote from doublea: I went long that day but got scared and closed the position next day. ______________________________ Get "scared" out of your system, being afraid has no place in trading. Think & act like a trader, not like a scared newbie, being emotional while...

Can you provide details on the largest losing trades? Such as the date, time, where you bought/sold & exited? etc... Let's examine why you took those hits Hurricane. The year to date total is informative, but too generic, so let us analyze it, it makes perfect sense, you just might gain...

Quote from ACM Trader: I agree with the above. However, I think the culprits are not those gurus, but those who believe in them. For me it applies to many aspects in life. People can lie to us, and they try pretty hard, but we do not have to believe them. As an example, I "blame" more the...

There has been so much talk about the S&P 500 taking a nose dive, but what is the market telling us? Trade what we see, not what we want to see. When traders or analysts(market gurus) repeatedly claim or predict that an event will occur, we have to question the person's motives, is he doing so...

Quote from Reardon Metal: My God, I am such an envious little loser! Successful people truly bother me, as they continuously highlight my own failures by contrast. While I could attempt to work my way up to thorn's level, I'd rather just take pathetic pot shots at him, even though doing so...

Quote from thorn: Wow. You could not be more wrong about this. That's 3 incredibly ignorant syatements in 1 night by you. Give it up. _________________________________ I see your angle now, you have an image to uphold, of course, it's your thread & you must counter aggressively...

Quote from thorn: Never wrong??? What a dumbass statement. Every great trader is sometimes wrong because they are willing to take risks. I am proud to say I am wrong on occasion. Fortunately, I understand risk/reward very well, so my reward far outweighs my risk over the long haul...

Quote from : 99atlantic Who cares; only n00bs try to predict the market. The real masters just act and re-act to current conditions and don't care up/down/sideways. _________________________________ Well said 99atlantic. Very typical of newbies, the never ending & unusual...

Quote from Rearden Metal, His talent is amazing. Becoming one of the best in the entire world at your profession often comes with the undesirable side effect of egotistical behavior- not to be confused with ignorance. 'Ignorance'... would be to enviously discourage someone like that...

Quote from thorn: s&p getting very close to an intermediate term top. count on it. uhhh, excuse me? my record on top calls is pretty decent, yes pretty decent, and alot of people are interested in my "top" calls as shown by the popularity of every "top" thread i start...

Success, how sweet it is!! The Dow breaks 12,000!! Bears, where is your sting? Admire the bulls glorious stampede & their steadfast resolve.

Quote from bearnbull: Today--Friday the 13th was not too good of a day. I shorted LEN after some bad news from a company on the same sector. I was correct on my analysis BUT my entry point was just after the bell at 46.92-- a few down ticks then a lot of up ticks and my exit was 47.38, (1%...

Quote from bearnbull: I got in on RIG at $67.99 long on Tuesday Close at 67.72, open at 68.00 on Wednesday--(Still holding)--started going down because of crude oil going down. I got out at 65.63, needless to say, I lost a chunk. Then he started going back up to the 68's. Should I have gotten...