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Though I understand the theory, what I don't get is how the profits are actually banked on such trades. May have to do with my never having made an options transaction... So I've set up my bullet or conversion, and have sold some stock, then bought it again at a lower price. Meanwhile, my ITM...

Congratulations - for having written what very may well have been the most disgusting set of posts in the history of E.T. If you were in my office with me, I would express my appreciation by puking all over you.

Thanks for the explanation... I can't say I see the trade, though.

When exactly was the proper entry, in your opinion? I've highlighted two possibilities on a percent change chart, where NVLS seemed relatively stronger than the other two momentarily, before following them down. The second one looked maybe a little more tradable to me, but getting short on...

Why not tell us something - as specific as you can stand to share - about some of your most typical, or exceptional, or, best, typically exceptional trades?

Very nice, very true, very problematic. Finding the balance between disciplined quasi-robotic behavior and "free-flowing" creativity is critical. Though it's probably better when you're just beginning, to strive to trade like a machine, I do believe, and know from occasional if rarely...

Really, as hokey as it might sound, having a set of written rules, reading them every morning, and keeping them around and visible helped me a lot. The act of writing them - deriving them, honing them, printing them out - already helps confirm that you've thought things through, that you do...

From that example it looks like you're trying to trade several set-ups, or at least indications, at once, and that they're contradicting each other to some extent... It's not clear where you derive the primary set-up - THE TRADE - and what functions as a filter or secondary indication...

Let me add my thanks - to both Chas and Dat, for saying some things that very much deserve to be said. Was writing somewhat along the same lines on Silicon Investor. I hope you'll forgive me if I try to take the subject seriously: Just watching Aaron Brown, discussing the stalled plans...

well said

Just so long as I've got a big fat juicy short on when it happens...

Strange, isn't it? And despite all the evidence to the contrary... constantly thrown in their faces, as soon as any subject of common concern comes up... Seems that this "how much should I make?" question comes up regularly, too, stimulates approximately the same discussion, with those...

But what are they trading - or trying to trade? What set-ups, time frames, tradables? Nothing could be more clear to me than that "income and percent return" is never only a "function of the level of risk you take." I'm sure that on further reflection you'll agree with me: A below...

Agree completely with the first part, but the "rule of thumb" strikes me as way too generalized. As ever, and in line with a point I made a few pages ago, it's impossible to give very specific answers without knowing a lot more about the particular methods being employed. We have a tendency in...

What are you saying? In my experience and observation, consistently managing to break even is already a significant accomplishment for someone who has been actively trading for only a few months. Averaging better than 1%/day, consistently, would be considered by many to be very impressive...

In other words, every trade that includes entry rules, profit-taking rules, and loss-limitation rules inherently includes relative tops and bottoms. I have no trouble taking the "retarded" position that such a perspectives implies numerous tops and bottoms through a given trading day...

It does look as though your target, on the long trade, is at or just below your "top" call - within the relevant time frame (and possibly other parameters) of your trade - and that your stop loss is probably just below your "bottom."

I'm fine with TS6, for data, analysis, and brokerage services. For my purposes (day-trading equities off pattern-based set-ups, price levels, and market internals ca. 10 round-trips/day), the total package is terrific. Despite the already-noted problems this week apparently relating to S&P...

To make things even freakier for ya... I've always had a synaesthetic reaction to music - I see visual images in my ol' brain while listening or playing... and what I see looks a lot like price charts... not kidding... and to tell you the truth, I kind of hear price charts, too... There are...

Interesting... difficult... dubious... a long way from easy listening...