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I have no empirical data for this, but my observations show fear is stronger than greed.

Market is fast this morning so I want to make my prior post understood. If someone has a 50% win rate but his or her average gain size is multiples of average loss size, that is a good trade plan. Stats on the former are meaningless without knowing the latter.

That is win size to loss size.

Nothing wrong with a 50% win rate if you are 4-1 wins to losses. There are endless ways to skin a cat. The question of reversal or pullback should be answered in the time frame(s) you trade.

Can't feel 'em back in without furious bear rallies.

Feeling better today?

I was among them Pekelo. Traded flat base breakouts on high volatility tech's. To say it didn't work post March 2000 would be a radical understatement.

Nor would I but he is not the only one who has ridden the roller coaster. The market doesn't care if you have ten thousand, ten million or ten billion in your account. If you don't manage your risk, it's gone

The point is not "bashing" the point is anyone can take a fall if they do not do what they need to do.

Greed and arrogance will get ya every time.

You answered your own question.

Didn't mean to sound trite but when I went through my early losses, it led to self examination. This led to Chinese Martial Arts practice, meditation, greater cognizance of nutrition, moderation and balance in life. Trading is a reflection of who we are and who we are is what we do, it is all...

Uh...if you're going to trade, rules are a good thing.

Nothing stays the same.

True story...knowing when not to trade is a trade decision.

bears have this market by the cajones

downtrend amigo

A trader friend of mine who lives in Oklahoma is very good and very profitable. In social situations when asked what he does, he says "I'm semi-retired and fool around with the computer".

Marty "Pit Bull" Schwartz was a heavy hitter in the S&P pit when it was introduced in the 80s. He made millions trading it. He tels the story when after he moved to electronic trading, he made a visit to the CME to see some of his old pals. The new traders gathered around as his reputation was...

Fast market this morning...