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Ouch. 2 Days... 4.3k lost (86% drawdown)... sounds like a decent trip to Vegas. At least Vegas would have included strippers :) and booze. Mike

Thanks for the great replies. I appreciate the effort you put in. To take on a few points I will go as I read your replies. 1. I have a steady universe and I will add and remove from this universe as ideas pop into my radar. My stable universe consists of stocks that are relatively...

I think there's a few of us looking forward to Grob109's (AKA Jack) comments in another thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=52145&perpage=6&pagenumber=11 I would appreciate some feedback, negative, positive, regardless. Mike

Grob109, Firstly, I have read several of your posts and can follow most of what you say. I sense experience and knwoledge in your posts but I also question the effectiveness of your ability to express yourself. I admit to having a short attention span but I will also tell you I have a PhD EE...

Okay. I have little ego so inform me about my perception of myself then. My post was not offerring advice but rather an example people could possibly learn from. My behaviour needs to change and this is a difficult process that am contstantly refining. Maybe I was obtuse hence I will make...

Good post chip. I will relate with an example that had just happened about 2 hours ago and is still fresh in my mind. Friday, I was watching CAFE all day. It was looking like a good trade and I accumulated 1100 shares at 10.41 avg price going into the close. I had a strong gut feeling...

I like all things tech at the moment and believe that next weeks earnings in tech will be well recieved. Looking forward to some upside at the moment. Mike

Tell him NOT to apply for an ARM. Tell him to get a 30yr fixed w/ 20% down minimum. This is relatively safe but I don't think he will be able to afford the payments at 50k/year salary.

I've done a bit of reading on this and personally, I think the real message you are looking for is finding a way to change your behavior. I assume you believe your behavior is tied to your subconscious. Some ideas that you may know about: I read somewhere that you should never focus on...

Preparation means very little (well - nothing IMHO) when bad habits get in the way. In general, I am not sure what you mean by preparation. Do you mean prepare in the sense of an entry point if the price gets extended (S/R, flag break, etc)? This is common sense, know the key price points...

Good link. I will add that playing the blame game is a big one. Blaming everything/anything but yourself allows a person to steer themselves away from developing a strong personal honesty. Personal dishonesty is a bad habit to get into and an even more difficult problem to overcome (I...

I like that advice. Recently I started paying very close attention to my inner dialogue, my thought process when in a trade or while waiting for a setup to develop, i.e. flat position. I'm starting to believe that perfection would entail there being no difference in either mental state -...

From my experiences women tend to let go of their ego much easier but they can also be too stubborn under certain circumstances (especially the european ones). Regardless, no ego = good, stubborness = bad. Which set of flaws should the focus be on? Men and women both have ingrained positive...

I believe trading stocks makes this question more straight forward. Stock moves tend to follow the sectors and any broad market strength/weakness. One approach is to use the momentum of sectors and trade heavier when all the "planets align" so to speak. Also when the early stages of a move...

Here is an example for may.

Have you though about doing a profit margin calculation? The way I analyze my performance produces a profit margin number that can be further analyzed to show where I could improve. For example, you might consider putting together the following spread sheet (I can post one here in excel if...

Crude futures appear to be making new highs towards 60/barrel. Nas is technically setting up for a nice downtrend (already started IMO). A few questions: What stocks (I don't trade futures) track the NYMEX crude? What sectors (I'm thinking transports) get hit hardest with rising oil...

Ok, in regards to stock picking and overtrading - is your system is giving you signals to do this? If so, then you are following your plan and the mistakes should be based on your abilty to execute. This seems contradictory if your system "tells" you to overtrade or does a "poor job"...

coolweb, I don't think ES meant to offend you, you shouldn't be so defensive. Your statements so far are in line with someone who doesn't evaluate their decisions. This means asking yourself some really difficult questions: 1. What are your goals? 2. What did you learn for each...

How long have you been trading now? Why aren't you trading 100 shares at a time? If you can't make money trading 100 shares at a time 3 times a day then you will not make money trading any other stocks/markets/whatever. Once you have a month of profitability after commission the you...