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not yet! i'm still a newbie!! trading small lots....

i've always wanted to see them....should get amazing ones cause of this, eh?

thanks, i took profits and reversed at 1:59pm, 105.15 on SPY. hopefully we'll get a good short now......

"...and is likely to have the biggest impact in Alaska...." better tell the eskimos! :eek:

:D

for sure...my strategy just dictates that if the 945 reversal isn't there, i wait until 1030....precisely because of this type of day....no news is bad news!

boca

i flew into marsh harbour 2 times....took my friends over on my cessna and we stayed in hope town for a few days each time....they've got a nice little beach that is basically deserted...2 hotels on the island out there. :cool:

yep....i had no pivot trade at 945. the 1030 pivot held so far....we'll see....

its 'larry williams'. he essentially states in many of his writings that short-term traders are wasting their time. i couldn't disagree with him more :) i really didn't like much of what he had to say. he might have been a successful trader, but i think he's a terrible teacher.

this is great advice. i think i read something in one of the market wizard books....one of the traders talked about how he attributed alot of their success due to the fact that he never exited on panic or greed. always waited a bit later to exit/enter where price was usually much better...

i hate when that happens....i got a ticket for speeding on the beach in pismo beach one time....was a misdemeanor b/c it is a state park. i could have challenged it, but i live up here in SF. sucks. at the time i was really worried b/c of my software profession, thought it might affect my...

yet another utterly useless tradition....

sometimes when i'm trading i think of this line..... "We went like this, he went like that. I say to Hollywood: where'd he go? Hollywood says: where'd who go?" :cool:

i think i have a good poloroid of it..... :)

you are letting your emotions trade for you. you MUST have a strategic plan to extract money from the market. it MUST NOT involve subjectivity. remember, the market will always look like its going both ways before it decides a path. you cannot, you must not, trade with your emotion, or as i...

the worst place to put your stops are near s/r levels. why? because these are 'war zones'. its where buyers and sellers do battle. it gets messy and thus there are no clear signals around these areas. maybe i didn't understand your statement correctly, but if you are truly doing this, i...

quite a bit.

jd, as has been discussed by numerous traders on this site, the market always moves from one mode to another because certain things 'block' its path. when a pivot fails (price whipsaws around pivot causing a stop and reversal twice in a row), you will often notice the rest of the day is chop...

my stops tend to be VERY loose until a particular event happens. then my stops are placed fairly close. but all that i am doing is positioning myself for the next (reversed) trade. the longer you stay in this game, the better you will get at 'placing' your stops. remember, a stop should...