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As usual, Handle is right on…but I would stress the #1 reason for the majority losing in ANY time frame: cant throw away the loser quick enough-unable to admit your wrong on a consistent basis as it does a number on your ego. Way too much emphasis on signals-following a plan-money...

I take an expensive beach vacation asap and blow money on sex-drugs-massages and anything else that feels good. This will put a “ real money value” into the purpose of trading… instead of reading p&l statements online and watching your account go up and down (like chips in a casino)...

Cant fluctuate the initial bet…this is not counting cards in BJ. Better off to add to the winner while maintaining the same initial risk…

Re-phrased choice C: Moves to Hawaii sipping mai-tai’s and rotates his time from surfing to sim-trading & developing a long term business plan…with a strong probability of meeting beach girl to take the “edge off” while working hard to find his “edge” on those long-late night sim...

TZ gives an excellent & brilliantly funny scenario 1… Scene 2, Act1: The poster boy again turns to ET for advice (??-xxx-$-$) Has the following choices: a. Stumbles along and finds books by Larry Williams…loses his 2K b. Decides to take up Poker on Pokerstars to increase his...

After reading more of your personal details, I concur with TRY-it's a recipe for disaster...

TRY makes an excellant point... Sounds like your in a jam cause u dont have a wife that is free enough in the mind for u to pursue what u believe in...therfor a big gamble if u go for it! I believe even if u had 3x the past positive results your wife sounds like the type of person who...

And if your still gunho on doing it…do what I do: Pick 1 place in Europe and call it home ( Berlin is the cheapest in Western Europe)-then take short trips to the many places to see WITHOUT positions on. Overall, u will feel better and still get to accomplish your goals of traveling &...

TZ is right… And the problem with being in the brokerage biz as an owner (Ive been their years ago) is that your constantly dealing with people losing and it will rub off on your good name. The losers ALWAYS blame their broker/brokerage company EVEN if u give them no advice… And if...

My advice to u: I live in Eastern Europe for the past 5 years and travel thru Europe all the time-as all the places u mention are very close to me. Your idea, sounds great in theory and I thought the same when I got here but the reality is this ( even when u have the money to do it right)...

Nod talks about the “probability factor” and the casino comparison of not picking and choosing and that’s why they win…she is only partially correct. There is a big difference in the casino edge and the trading. Casino games have a fixed/defined mathematical advantage and that’s why...

I know we all bitch about commissions, but I really believe if commissions were 0 –the same great % of people would lose. Commissions seem to be a big factor on u winners out their… My guess is .30-.50 per contract Jim

Great point Kovacs! Cause every time I make a “mistake” and the loss starts getting bigger then I plan, I say to myself “ How much good work do I want to destroy- 1 day -3 days –a week- a month ?” After my short 2 years of this, I’ve had one 2 month blow out on my 8th month (...

Nod, I usually don’t post many things BUT what u said about how things came easy to u struck a similar chord in my life too…except the trading. To be really successful in the trading seems very similar to being a real success in music/film/ a sport. As I grew up in the entertainment...

Nod, I knew I’d get a response from u! And, you’re a real exception-I know your very dedicated and I admire that:) Keep up the good work But the real question for u is: HOW will u spend the money when your dream comes true? a) go shopping for shoes and a handbag b) take a...

Not sure Susie Saladmaker is thinking about the finer points of reversals-but instead way too busy shopping for a Louis Vuiton Bag and Victoria Secret Lingerie…

Bighog, I want to “thank you” for sharing the real truth of the matter…it’s all about the DISCIPLINE of admitting your wrong asap-trade after trade-day after day…in any time frame. I really believe that us humans are more concerned about being “right” then making money…and...

Thanks for your explanation...

I keep reading about these doomsday scenarios with gold +, Stocks -, crude -, and the dollar-. What I don’t understand is it appears when the dollar gets strong the market goes down-so how can the marker crash if the dollar crashes with it? A disconnect comes later? Or could the world...

The only thing that is turning into SMOKE is my account!