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Amtraks problem is, and has been that they want to take you on a train to chicago or denver rather than concentrate on running clean fast trains from DC to NYC to Boston they have enough right of way in the DC-NY-Bos corridor to make a decent living --- but they waste blood sweat and tears...

The real estate bust in the late 80's early 90s took over 10 years to wind itself out REITs in the 90's were worth pennies on the dollar then we had this massive updraft who the hell knows if we will retrace to the early 90's lows high on the probability list though: buy at the...

Not to sound too draconian, but the best thing that could happen to the airline industry is for 1 or 2 of the big 5 to go belly up There is simply too much capacity for any single carrier to make enough money to fly a quality airline Lose 2 big players - consolidate routes and aircraft types...

Moderators - Would it make sense to move this to the 'arguing' thread before it goes much further?

This single post made reading the entire thread worthwhile Thanks

I agree --- skip the minute-by-minute and post the blotter then take an hour at the end of the week to offer analysis (maybe with a few representative charts?)

counting commissions?

The OP started the thread on 3/20 -- after about 2 weeks of trading he is down The good news is he didnt blow out the account The bad news is there does not appear to be enough consistency to actually make money frustration may eventually take its toll

What you can get for free just by poking around on the internet or boards like this is just as good well - its better cause its free

You know,,,, after some reflection on the topic of discipline --- I would suggest that the lack of discpline, when it occurs, is due to a fundamental lack of confidence in the strategy I find as I gain confidence in my particular methods --- it is easier to stay on the wagon but you gotta...

LOL Im not

I agree and finding a strategy that meets your personal tolerance for risk plays a large part in this theres lots of workable plans out there - but many of them my require you to risk too much capital to be right for you

Yeap I understand your point and it is well taken I am not scalping --- dont yet have the 'tools in the toolbox' to work that timeframe but its certainly an interesting discussion

True - the basis here is scalping - not position trading

Excluding the ES Journal and the AHG thread --- there are precious few exchanges of actual 'nuts and bolts' of the trades people make here - and the why's and wherefores a dissapointing aspect of ET

Taking a different approach on any given day should break at least one rule I would think

Good post Ive only been in the game about 6 months -- but I see the sense in this ---and have come to the conclusion that 'watching the damn price action' - consistently and long enough to understand the behaviour of the market in any timeframe --- beats the heck out of any system it don't...

This may just be a matter of personal style --- but making so many trades in a day seems to me making it much more difficult to go back and analyze what you did each day - to see if your strategy is really correct at this volume of trading - what means does the guy use to even convince...

I think it is entirely possible in current conditions to have 3 more days like this in the next 5 I know because it has happened to me recently But Im not trading on a $1K account

I trade YM and since January - (in my opinion) -- setting $100 stops would kill you on YM as well --- simply too much volatility so the 100 figure was just an example