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Appreciate your response, thank you, but interestingly, as I increased investment size from 1% to 5% over a period of a year, my feelings about holding onto profits did not suddenly emerge. They were always there, regardless of size.

Well, then, let me humbly suggest you check out the website. Twenty years ago or so while I was dealing with my mid-life crisis I found the Self-Realization Fellowship and it did more to get my head on straight than anything else. http://www.yogananda-srf.org/

No biggie, you were trying to help and I appreciate it. Thank you.

Let me take a wild guess: You just finished a self realization course by one of Paramahansa Yogananda's disciples? Good grief.

Maestro--with all due respect, whose post were you answering? Certainly wasn't mine. I posted nothing that would imply I was asking how one determines if they have "it."

Please keep in mind I'm speaking from the perspective of a day trader. I usually scale into positions by 1) buying a 50% position (75% if the move looks particularly strong) when I get a signal to enter, and then 2) set a buy limit at the logical place (pivot, etc) where the retracement will...

Well, you raise a good point, but a mind may be resolved on solution A one day and then decide to be resolved on solution B the next. My mind IS resolved right now in that I have faithfully stuck to my plan which is to protect profits, period. Guess I am asking if that is a wise thing to...

Have been working hard at becoming a competent and consistent day trader for three years. The good news is that I am now at a point where I expect to consistently earn about 1% of my account size per week. The bad news is that I'm struggling with some decisions about some very important...

Thanks, nas. That sounds like something I absolutely have to examine. Much appreciated.

Fair question and apologies for not being more clear. I would like to choose the pair (mix and matching would be fine, too) that has the higher probability of being more volatile in that day's session. So what I am asking is, are there any truly tell-tale signs that will point in that...

Congratulations. Your first post proves you are off to a tremendous start in becoming one of ET's standout numbnut posters.

Incredibly shameless bump. Anyone?

I day trade either FAS/FAZ or TNA/TZA and trying to determine the best way to pick which pair to use on any given day. Before someone says, "why not trade both pair..." I am working towards that but not yet nearly comfortable enough to do. Thank you. Ansare

I would listen to lilduckling as he is one of the better posters here. I know I'm going to read the thread he mentioned. Also, learn some basic TA skills like how to read/draw charts and trendlines and how to recognize when a chart looks healthy or broken. To help with that I strongly...

Jack -- thank you for taking the time to post such a lengthy response. Frankly, a lot of it is over my head and will require additional readings. By the way, I know you take a lot of grief here, but your willingness to help speaks volumes--to me at least. Thank you. Ansare

OK, obviously I didn't state the question very well. Let's take another shot: What do you look for when price has been pinging S or R numerous times that tells you "we are getting close to a breakthough" or "it could do this until the end of time and not make it..."

OK, now I'm a bit stumped. Is it appropriate for a mod to be a smart-ass or u serious???? :D

Yeah, ok, I may have deserved that. But. There has to be some order to this issue, no? Have to believe studies have been done?

If there is, I've missed and would appreciate any input. Is there an accepted/expected number of times price can smack up against major resistance (or, of course, bounce off major support before you "know" it won't break through? Thanks, Ansare

Really appreciate the thread as I've suffered (and still do here and there) greatly for the lack of focus thing. What has really worked for me was restricting my trading to 9:30 until 11:30 (or when last trade entered prior to 11:30 closes), and from 2:00 until 4:15. Trading ONLY those...