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Why do you say confusing stuff like "the only plan required is............................"? I'm pretty sure you stated numerous times you need to follow a process, and I don't think you were referring to the process you posted above, not that I have anything against that particular...

I bought at the first green arrow because price pulled back to a level I had drawn, and was trading above the open, and was a pullback after a high on the big picture chart I use. Target was 1840 or 19 points. Risk was 4 points. I bought again at the 2nd green arrow as price pulled back to...

What exactly do you mean when you keep saying "time=money"? Everything seems to be a riddle with you, so do you just simply mean figure out how to make as much money as possible in as little time as possible, or do you mean something else?

One of the key things is to create a plan/process and follow it. How do you create & follow a set process if things are always changing and the variables are always changing? As an example let's say your plan is to "wait then buy at the first pullback" using a certain bar formation as a...

I thought about the song/video and how it applies to trading, but I'm not positive if I figured it out or not. I would say if I don't see an obvious setup then don't enter a trade. In effect if the chart "says nothing at all" to me, then stay out. Wait until a setup looks obvious. Is that...

Thanks RedNeck. I'll think about what you wrote & reply later. I really appreciate it. I'm heading out with a friend for a hike now. First day in about 10 without rain, have to take advantage of it.

Thanks everybody for the comments & advice: Trading NQ. 1 contract. Risking a max of 1% of the capital in my account per trade (usually less than 1%). I'm slightly under-capitalized or I'd risk less. Sorry, not sure what you mean by % of leveraged trading capital. Yes I'm all over the...

"Merit, ability, conduct"..................I just read those exact words yesterday from someone with the screen name of Socrates on the T2W board. These forums are starting to become very strange; everybody seems to be intermingled with everybody else.

I have definitely found out that mastering trading isn't easy. That's for sure; I'm determined to crack it though. I think sometimes I have too much information floating around in my head, and I'm not sure how to put it all together. Some days I can nail trade after trade after trade. It's...

I'm really not sure what the "most important" thing is. I'd want to know as much pertinent information as possible about what I'm trading. I'd want to have a process/plan to follow and know it inside & out so I could execute if flawlessly. I'd follow my process if I could create one, but...

I'll guess. 1. Wait for target to get hit (possibly move stop) 2. Wait for target to get hit (possibly move stop) 3. Exit stock as soon as it stalls, otherwise wait for target to get hit (possibly move stop) 4. Exit

TE, A couple questions: 1. After you enter a trade do you stick with it until your target is hit, or do you trade in & out in between your entry and your target? 2. If you wait for a target to be hit there will be times when it just doesn't happen. How do you avoid letting a winning...

TE, Could you offer some insight as to what the boxes and diagonal lines are on this chart? I can't figure out the logic behind them. Uploaded with ImageShack.us

TE, Your comment above seems kind of strange. You don't use rules when you trade?

Well I never came anywhere close to the first part of the answer below, but here it is: Answers 1 tortoise: the name of each creature commences with the letter that come two letters in the alphabet after the last letter of the previous creature. Also the name of each creature contains one...

TE, Who is the person you learned from and how were you lucky enough to learn from him/her? Did the person teach you how to trade, how to think, or both?

1. The main theme seems to be "use your brain & eyes". Learn to think correctly, have a plan/process, and always think before you act. 2. If you don't use your brain you're just going to rely on others and never get anywhere. 3. We haven't been educated to think; most of us have just...

I don't have much time for my crazy ramblings tonight, but I had a question. The more I think about volume the more it seems important. Price & Volume are the 2 huge things. Why on earth would you not want to include volume on your charts as long as you have learned how to read it correctly?

I went on a long hike yesterday and made peace with charts. Everything is ok now between me & charts. :) As far as your calculations they look purty good to me. There were a couple spelling and punctuation errors, but I'm going to give it an A+. Very eye-opening. Sounds easy. I'm off...

I would surmise that we could probably learn something about how to live life and how to think by watching children. It seems like we lose something valuable once we make it thru the educational system and especially when we enter the working world. It always reminds me of a gorilla out in...