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Not trying to provoke or sound condescending but 3 months is a really short time. I think what ES was trying to get across was the fact that this business is not something with a short time horizon. If you treat trading markets half-ass it will kick you (among other things) in the ass. Let...

Nice. Been surfing my whole life - the rewards can be phenominal - Health, fitness, self-confidence, the list goes on and on. Here's a picture of me at a spot somewhere in the indian ocean. Northern Sumatra is all I can say... Mike

Assuming the B/A spread is relatively tight then I don't see uping your size to 300-500 shares being a problem in the NAS. How often do you use market orders? Most of my slippage comes from market stops on the NYSE. My mkt stp order will be held and executed sometimes 5-10 cents after the...

I think a lot can be said for the frequency of hit bids and hit offers and the rate at which this is occuring. During inflection points, not necessarily S/R levels, the frequency of hit bids and hit offers tends to decline, these are "quiet" points and good times to enter. It takes some...

You're right. My first sentence is that stress comes from all aspects of life. I offered an opinion based on my personal experiences with family issues. For me, the types of stress in trading do not compare to what problems friends/family have hit me with. I am biased becuase I am somewhat...

Ummm.. firstly, stress comes in all forms and from all aspects of life. I would think a divorce or a family problem is much more difficult to cope with in terms of stress than a monetary loss - well, maybe not if the family problems are a result of trading losses, is it possible that the trading...

Not sure if what I'm about to say will help you or hurt you so take it in stride (I'm sure many here have different attitudes about my approach). You have found a successful methodology and your recent results show this but I will say that what works today will probably not work in the near...

I'm not sure I agree with this - it sounds like a broad generalization. The presssure involved in paying bills and putting food on the table can be a detriment to clear thinking and solid judgement.

If the focus really is money then take a careful look at what you, as an individual really need. Not what you want, but what you need. There is usually a difference because most people want money and truly need what has little or no monetary value. This is usually due a misdirected subconscious...

haha... I've heard this saying many times. The best explanation I've read about this is from "Phantom of the Pits". In this book, the Phantom has said that if the market were always right then the majority would have to be wrong in order for me to make money. This is the irony...

May I suggest you re-examine your win/loss ratio with respect to it's importance in being profitable. I'll give you an example: Monday I traded 23 orders (This was about 10 actual stock positions taken while scaling in/out). My batting average = .100 No kidding. I struck out nine...

I'm tempted to believe that the risk would be too high for a brokerage house in simply following/fading the actions of any particular individual. So, why take risks when commissions are guaranteed? Also, I would think that a very profitable trader (millions of shares per month and maybe .05...

You ever hear the saying "While it took 100 years to build something, it can be destroyed in less than one day". Well, I sense a coming fall but 90% of my trades in the last two weeks have been longs... go figure. I really don't care which way the market goes but I would LIKE to see some...

Here are some good books: http://www.trading-naked.com/Articles_and_Reprints.htm Read as many as you can. Don't think about % return. This is beyond your scope at the moment. Open a retail account with no more than .01/share (or $1/100 share trade) in commissions and trade 100 shares...

I've been thinking we've topped since early last week. Been trading small and cautious since then as well. I can't explain my reasoning but I believe we are on thin ice. Mike P.S. I am also biased since I trade more aggressively from the short side (i.e. more comfortable in down trends).

I agree with this and see this as one of my primary behaviour patterns that need refinement. The last point you made (knowing when to hold against an adverse move) is the most convoluted IMO. Anything that takes my profits of the table is too "adverse" for me to deal with hence I get out and...

What are coles notes?

the other predominant issue is the one where you move from contion A to condition B. Condition A is achieving the process of getting to your predetermined goal (In itself not too good an approach). Condition B is making the money still on the table after your goal has been reached. Beginners who...

My contention is that you are a person who uses a visual sensory monitoring system primarily. That is all the knowledge that you have for doing analysis is largely shapes and pictorial. Yes, I have developed an ability to visually identify and react to price patterns. Using an image I will...

Jack, I am working on a reply. Anyone else have any comments on these ideas? As a remote trader, I have zero contact with other traders. My friends know nothing about what I do hence I have no means to exchange ideas other than through this site. I will say that what has been said...