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the incidence of "ADD" in america is overexposure to stimuli.. it's good to keep a mystery to things like, the pu#sy.

good point. there used to be this computer game back in the 80's called, M.U.L.E. by electronic arts. crude graphics, lots of character. it teaches basic concepts on supply and demand, something most analysts don't seem to understand.

hmm, i guess china's gigantic growth is also false and part of the conspiracy.

i realized why traders insist on shorting strong stocks and sectors.. so they can contribute to the squeeze.

that was probably the daytrade of the year. the 101 buy stop.

ever consider holding a base position and trading around it with the base at a deeper sell stop. ie buy 1000 shares, sell 500, but keep 500 as a base and trade around. you can satisfy your subconscious desire to take profits while also holding for bigger gains.

i own weinstein and tony oz. they are great books. another one is the magic word, by gann.

1000, y not.

i bot for a long term hold.

btw it wasn't possible for me to do anything about strong uptrends beside prop daytrade them until now. i don't like to use my personal money to trade. it's aftertax money and the agencies don't give you enough break when you lose personal money.

the superior entry point essentially gives me more cushion for the pushin. i see the trade from a completely different angle this way. sure, i've been burnt on occasion, but that's part of the game. i always evaluate risk to reward and have devised a basic formula to optimize what should be...

july 21- july 22. it's all about entry points. for instance, i initiated oil stocks long at the close july 21st and overnighted into slb and hal earnings. it put me in a completely different perspective than if i was to start buying the morning of the 22nd.. i did add onto the position btw...

For the first time in my five years trading, my overnight and 2-day strategy have surpassed my daytrading profits ytd and by a big margin. Other prop traders doing similar? I attribute this to s&p futures not gapping >3-4 points in either direction the following morning like it used to and a...

shock treatment and reward.

markets, life.. such a paradox..

but some of my biggest winners were capturing fear. and buying more.

what's more important is finding trades that tend not to be losers. that way, you don't need to average down.

this all depends on situation. there is no rule whether or not you should average down except that losses in general are for losers. i tend to cut my losses at a certain point 90% of the time. on occasion i will hold one. but that is because i have observed something that tells me i should...

btw that was a beautiful set up back early this year. crude tanks, take SPY size long, and short oil stocks. you limit systemic risk yet make on both sides.

maybe crude is now becoming more correlated with the equities markets. it used to be that one could take 15000 or more long SPY and come out with 40-50 cents whenever crude tanked a dollar and vice versa. the arb d'jour was to trade s&p500 inversely to crude. that lasted for months. perhaps...