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Fine advice if you learn on your own with a simulated account. If you learn on your own with real money on the line, you'll most likely pay enough to have purchased every trading course available.

The trader I mentioned is someone whose journal I found here on ET and I messages him and told him I was a fairly new day trader who believed I could generate a 200% gain on my trading account and I invited him to hang out with us in ET's chat room, which he did. He posted his trades in the...

Bro Surf, little retail traders like me who ride the coattails of the big players that have to get in and out of very large positions don't utilize or need the services of quants and PhD's; the HFT firms do that to try and outsmart each other.

When I started out, a trader not only told me his plan, he told me his plan for every trade, every day, called in advance. He made a huge profit that year. I could not bring myself to pull the trigger on ANY of those trades. I could give you my plan, with its explicit rules for entry and trade...

I agree wholeheartedly. Consistently profitable traders predict only the odds of price movement on any given trade, not the movement itself. When I enter a strong trend, I can predict the odds of continuation off my entry level are NN%, but I have no idea whatsoever whether that particular...

Be careful, DA, Surf is a writer and profits from writing about the markets. Posting on ET helps him market himself. There's nothing mysterious about "price drivers". It's exactly what it sounds like - external factors that create a supply/demand imbalance and consequently drive price movement...

Honestly, I loved and hated Brooks when I started reading his book, Reading Price Charts Bar By Bar. I loved that his book described something I thought I was onto as a novice, which was trading with either a 3-min or 5-min chart and a 20-EMA, but I hated how difficult it was to figure out what...

When I first started trading, a drug company dropped precipitously on some sort of news. I looked at the chart and saw a level that I believed it was very likely to rebound to, but I figured it would take quite a while to happen so I put on a significant option position 6 months out. My plan was...

http://yourtradingcoach.com/

I've found that once you do thorough statistical analyses of price action patterns in various context, you'll find one or more positive expectancy setups. (By "setup" I mean a price action pattern within specific context.) My earliest forays into trading strategies involved indicators. This was...

Bro Surf, I've been posting my edges on ET for years now and I've offered several complete step-by-step illustrations of my best edge ever. Aren't you paying attention??? Once again (sigh), I'll share my number one edge: http://www.ask8ball.net/

The gap between knowing what to do and actually doing it is often rather large. http://www.neurosemantics.com/business-ns/the-knowing-doing-gap I trade because I discovered a few edges in liquid markets that have been offered several times a day for at least 6 years now.

There used to be an ET chat room years ago when I first found ET. Several of us posted all our trades in real time and many posted in advance what they were looking at, looking for and at what price levels they'd go long or short. Everyone traded a bit differently and it was interesting to see...

The professionals have expensive news feed programs that auto-trade based on keywords and then continue to trade based on interpretation of the news. You'll never be faster than the automation of professional financial organizations. By the time the moment of the news release occurs, the initial...

These books will teach several ways to day trade any liquid market. These books will not teach you how to develop the mindset necessary to trade the way the books teach you to trade. Very few people accomplish that and it's absolutely necessary to turn what you understand and know into what you...

When there's a significant price swing and price then pulls back and starts moving in the direction of the initial swing off of a lower high (down trending move) or higher low (up trending move), price has a strong tendency to move a distance equal to the initial move. Why? Because that appears...

If you're interested in day trading forex, study and master the concepts in Bob Volman's book: Forex Price Action Scalping: an in-depth look into the field of professional scalping In fact, he has another book out (which I haven't read yet): Understanding Price Action: practical analysis of...

A friend of mine had a family member who quit drugs and drinking and stayed clean and sober for 27 years. He then took a drink and was dead in less than a year. That's why I love that quote by Pa(b)st Prime about being disciplined on EVERY trade. You never know if one emotional trade will cause...

It's just a series of measured moves. Once a level breaks and there's a measured move target or a trend line target or yesterday's close or some other key level, bids (or offers in an up-trending move) will get pulled because a better price (the measured move or other key level price target) is...

Yes, you really do have an edge; you're just not applying it. You're not on the wrong path because you're using a fast chart, or because you're trading counter to the trend. You're on the wrong path because the analyses you're doing are based on a quest for certainty, perfection, safety and...