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Ach! Rejection! Proof that NQ traders are smart! One of my most desirable interviewees wisely declined! I guess he didn't want to answer tough Proustian questions like "What do you regard as the utter depth of misery (on ET)?"

Fellow NQ Traders. As ET's resident trading psychologist, I have always been fascinated with the shadowy world of NQ trading. Why, I have often wondered, do seemingly perfectly rational index futures traders trade NQ as opposed to ES? Or ER? Or YM? In my own case, it is purely accidental...

Oh, give it a rest, Joe! Nobody gives a slippery slimy shit on ET about ANALYSIS. It's all about BELIEF. And dillusion, as you put it. Are you sure you didn't plagiarize that spelling from Jack? Anyway, today's insight was prompted by the flurry of posting as volatility increased in recent...

Nothing delusional about it at all. I think we can take it as high probability that when you crash and burn trading due to the ambiguities of the "method" you will be cursing Jack. As to trading itself, there are numerous setups which work with high probability because people believe they do...

Dearest PeeOne. You obviously have not done your homework. Channel Rochester: "Do de name Nwbprop ring a bell, Sapphire?" I will be here for you when you cry out in pain and agony and despair, "My Hershey! My Hershey! Why hast Thou forsaken me?" Then I and all of mine will embrace you and teach...

PTR. I am twelve years younger than the legendary trading auteur Jackov, but I can assure you that even at my age plasticity is hard to come by, much less neuro. Jack IS plastic, because I have seen him accept and advocate ideas I wrote about years ago. But it is the plasticity of continental...

I stand by my assertion, which apparently went right over your newbie head, that there is FAR more to trading profitably than a system. Notably, personal psychology and understanding what is REALLY happening at the moment. And Jack et al. don't even give you a SYSTEM. Rather it is a mishmash of...

The latest Hershey Childrens' Crusade in Journals is proving to be a mother lode of self-deception. We have all been waiting for them to actually trade, and at last they did. Proving the fallacy of the delusion: "All you need to trade profitably is a positive expectation system." Do ya...

Watching the Jack thread daily as is my wont (it perpetually renews my faith in ET), I finally caught on to what FTT means: "Failure to Trade".

As I sit here patiently waiting for the market to test my evolving codes for me (it is President's Day, and NQ is ticking over once every other minute, plenty of time to discover logic errors and debug), I am idly thinking of ET IQ tests. I thought to myself, what does ET want most? So I did a...

Hmmmm. Talking dirty brings in the traffic. All these visions of breathily heaving gaussians are making me sweat. The market IS just like a lover. I know she takes a lot of my money for not much in return.

The interminable self-congratulatory circle-jerking in the Hershey futures thread (when ARE they going to TRADE?) reminded me of a delusion I once had and had forgotten: "Annotating charts will make you a good trader." Yeah, like dry-humping will make you a great lover.

One of my favorite allegories about the Sufi wise fool Naruddin is apropos of the thread rubric. Late one night a good friend spied Nasruddin crawling on his hands and knees under the lamp post in front of his house. "Whatever are you doing down there, Nasruddin?", his friend inquired. "I am...

My dear Cassie, you do the Hershey Spiders much injustice. They bring to us a new generation of traders, a new generation in traders, as in fruit flies, being measured in days. As they say in NLP, "the map is not the territory", and I for one am supremely happy that the Hersheians are...

The Procedural Delusion, you say? I like that, because I haven't a fucking clue how anything works.

You probably have Asperger's as well. Me, I got everything in the DSM IV. Makes life a challenge, but I never lack for trading opinions in my head. Hey, N.Q., the range has opened up to four ticks. Ya makin' it, buddy? You putz!

Hmmm. I try to trade before the move when the spread is tight. But IMO it isn't just an issue of volatility, the volume plays a role as well in keeping the spread to a tick. You trading stocks or futures?

Try trading relaxation to the VWAP and/or the open in the last five minutes on a slow day. It makes the chart look so tidy for the next day. No charge. And quit editing your posts. Get it right the first time.

Oh, so you are a system trader. Backtested? And what are you doing trading an instrument that has slippage?

Shouldn't you be trading NQ, N.Q.? The range is down to two ticks, just right for a tick fucker like you! Walter, the market is the ultimate embodiment of the universal feminine principle. You cannot predict it, and it can change instantaneously. Besides, I believe in the holographic mind...