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This was also a buy_market, not a limit. This trigger was based purely on interpretation of price action. There are no bands that line up at 69.00 on this particular trade.

I don't use Keltner bands and I specifically referred to this as a choppy market. You are correct, picking a bottom in a downtrend is virtually impossible.

And it IS possible to pick a bottom. It's high risk, but only if you don't know what you are doing. If you try this do the foolish thing and take a quick parital to manage risk and let the rest ride.

The futures market chops more than they trend. If you want to trade this market you have to be able to trade both conditions. Last week someone posted "it's impossible" to make money in a choppy market. Well.....no it's not. In fact, that's the best market to make money. When the market...

Your buttons are just way to easy to push. The emotion you are displaying is destroying you. You are hopping mad! I mean this in a good way dude....hop on over to Amazon and start reading trading books on psychology. Start with Douglas. Don't place another trade until you read that book...

Zorro, you gotta give it up. These guys just aren't going to let up. Traders are ruthless you know.

Oh Man....you guys are hilarious. The family is upstairs watching "America's Funniest Home Videos".....if they only knew where the entertainment is. Your Honor, I'm suing my hooker for giving me crabs.....I'm ROTFLMAO...too funny!

<b>LOL</b>

So you were right about the trade but you put on too big a size and got fried because of it. That's a classic case of greed.

LOL, welcome to ET Sarah. I bet you're sorry you signed up. You give someone good advice and you get called, "stupid." ET at its finest......

I didn't say they should have gotten you flat, they should have gotten you down to 2x, or whatever their overnight margin limits are. It just so happened that in my case I was planning on getting flat anyway but the broker too me down to 2x in the final 15 min's.

Are you suggesting that it's the brokers responsibility to babysit the client's positions? If that's the case, it's a bizarre idea. If I'm misunderstanding you, I apologize in advance.------------->>>>> Oh no, I'm suggesting the broker should have protected their <b>Own</b> interests by...

Looks like the broker screwed up too then. I was in a day trade margined position once (close to 4x) and the broker liquidated me down to 2x in the final 15 min's of the day. I was going to get flat before the closing bell but my broker helped me along so shame on your broker too! They should...

As best I can recall...they (GFT) offer a 5 day Simulator account. Have you tried it? If so, and you like it then your decision should be straight forward. FWIW, Global will give you a 30-day sim acct but you'll get another hard sell if you sign up for it.

I got the hard sell from Global Futures. I opened an account and love the platform. I got the hard sell from GFT as well but decided to go with the fut's rather than the FX. I know a guy who trades with them and he's very happy. The hard sell is their job. Don't let that throw you if they...

I would be interested to see some actual data on Livermore. Some believe the Livermore story is pure fiction. I'm not saying it is, I don't know. Has anyone actually seen any data that even suggests this story is true?

Agree with all this. Spend at least 2 months on a simulator. Develop a strategy. Test it over and over and over and read everything you can get your hands on about trading psychology. Start with Douglas. Most education services aren't worth 5 bucks, no less 5000 bucks.

Like I said, we could fight about this all night. It isn't worth the battle. If you believe the market is not random and you are making good money then there is no need for you to think any differently. I believe the market is driven by both technical and random forces but random forces...

Another quick thought....I fought the Random Walk Theory tooth and nail in college. I thought my professors were crack pots for believing this nonsense. I could pull up 1000's of charts to prove the market was not random. I tried and tried and tried to make money while holding onto my...

There's nothing like the random walk theory that brings out the fight in people. It's like a lion defending his pride. The hair on your back is probably standing up. Nothing wrong with that, however. It just means you defend your beliefs strongly. To say that a terrorist attack proves the...