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Twice in my life one of my best friends was African... but not African American. One was a prince in the royal family of Belize (tho their were several relatives between him and the throne). The other was a Tunisian guy in grad school. Both of them told me then gave up talking to African...

I didn't find it 100% scam. The people I was with were competent and tried to help. Day trading is just something that in a peculiar way most people find they can't do -- at least at first -- even when shown exactly how to do it. I'm wondering if moderators will think I'm promoting something...

Can trading become an addiction since it is so similar to gambling? We are asking if it is even gambling. You can say getting in your car and driving is the biggest gamble you take every day. The highest risk. One can define gambling broadly or narrowly. Funny thing is, the same is true...

Yes, fear and all that. I've certainly been there. I paid for a mentor early on in my training. They sat with me on-line for an hour a day for 3 months. Then they let me sit in for free on a "trading lab" for an hour a week... they let me do that for 2 years. Normally they charged for the...

KP, there is another exercise you might consider that takes some variables out. Establishes a baseline truer for yourself. It might sound like going away from your long term goal, but you can break what you are doing into smaller pieces to work on them. Consider making your reward to risk...

When I said that my plan is based on math I don’t mean the results of back testing and a projected win to loss ratio in the future. That is a generalization at best. I mean that before I even drew up my plan I did things like… for example: look at the math behind being all in, taking Lots...

RN, We may be saying the same things in a little different way. While probabilities exist, they will not show up as valid in the number of trades you make in a day, a week, or even a month. Trying to make your trades come out into some concept of wins to losses will just go to frustration and...

One description would be: To have an addiction is to lose objectivity (or to not be able to act on what objectivity you have). Mark Douglas said to be a successful trader you have to have objectivity. And to get better as a trader, more objectivity. I agree with RN, they are worlds apart...

Maybe it's like calling in a baseball play.. Breakout Reverse "8B" Extended ...Pretty Fast Volume Run Batted in... ...I'm SURE I'm close

You answered it in to a large degree with your example. I was mostly asking on the level of nomenclature. Like "BR8BEXT-PFVRB".... I'm asking how do you pack all of that... history/volume/etc. into something manageable and useful. ... you are creating a dictionary with a language of one

That Sounds like an interesting one. Could you or NoD give an example of one or two to spark some ideas? I'm thinking of how some native american tribes may have named an individual by an event like "sitting bull". OR is it more like one thing in a pattern, like the borg... "7 of 9"? If I say...

Gnome in his marvelous thread http://www.elitetrader.com/et/index.php?threads/25-years-100-million-profits-a-to-your-qs-today-only.113113/ talks about attaining high goals. It’s got to be great just to sit with that experience. At the same time RN, you are teaching, giving back; even on this...

Wow. Thank you for sharing that. NoD's apparently done it, you've done it... it is the way Susana starts her thread "after 4 years of losing I (basically threw out a bunch of stuff and started over)." I guess for many it's just the way it works. Reminds me of one of the better quotes ever on...

So what I'm offering as one possible choice for J... Where Handle suggested taking 2 -3 months off. Don't go on vacation. Go back to school for perhaps 2-3 months. Take a few days and make up a curriculum. Then go back as a beginning student and work your way through it. Don't be in a...

Sorry about that, and your point is understandable. I'm just suggesting J has to teach himself. ............ edit: Actually you are right. Teachers can get more out of teaching than the students do. Things just go deeper for them. That is the point. Doesn't mean you don't care about the...

Glad you like the thought. The thing that did it for me was then going back and starting over as if I were the new student. The thing I had in mind along the way as a re-virgined student was those people who "got it" right off the bat and in months were profitable and just got better from...

There you have it J... it can take time, just have to do it. You know I keep myself busy with homework assignments. Most always have one going on. This may not suit you at all, but it is an idea. When my niece asked me to teach her, I knew that could help me. I though about what I knew now...

A person can live their entire life (literally birth to death) - and never need to call upon the discipline..., patience..., sameness (routine) it takes to trade successfully Not once..., not repeatedly..., not ever …The difference - traders must utilize all of it - with every trade - no...

Some people it shifts quickly, others over time. There was that time I felt that a loss wasn't a loss until you took it, so I'd just keep moving my protective stop bigger and bigger. I have not done that in a long time, but the behavior just gradually faded away. It stopped making sense. I...

First thank you, and Yes, you are right. Alpha asked me to explain something I said a while back here on J’s thread and I started posting my thoughts-in-process which I usually don’t do. Some people seemed to resonate with it, but this kind of wandering and wordy approach is certainly not for...