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All right, what were those NQ moves all about?

Yes, you are absolutely right; however, in a strong trend, you can totally screw up your entries and still have money fall into your account. :D

Trading reversals successfully over time is an advanced tactic that requires either a) well-defined plan+superb discipline and risk management skills, or b) unlimited capital. If your personality gravitates toward reversals (picking price turns), you're better off learning to trade ranges than...

I set up folders and rules for things like broker activity statements, Groupons, viral cat memes, etc. and about once a month I glance at the folders and usually delete everything without ever opening them. :D

Yeah, I'm not surprised. After hearing about him, I looked at the trade records he posted on his site and they made no sense. I had no idea what his trading tactics were from looking at those trade logs. Usually I can tell right away what someones basic tactics are if I see a few trades. But...

Yes, and if you don't master the behavior that keeps the girls interested in you long enough for you to "profit" from the connection, it doesn't matter how many numbers you get.

You can do anything about it that you choose to do. By saying "I can't" and "I couldn't", you're reinforcing the belief that you're a victim of your fixed mindset. As a result, you're on a path of financial destruction because you're looking for ways to adapt the market to your defective...

The US govt doesn't tax real estate properties; local (such as individual states) handle these taxes. The US govt doesn't tax all the income of individuals either; nearly $100K of foreign income can be excluded from US taxation if certain criteria are met. FATCA requires that individuals with...

In isolation, it's neither good nor bad. Performance is better analyzed in the context of the overall trading strategies. For example, some highly profitable trading strategies have a high win rate, but the small % of losses are relatively large. So giving back 2/3 of gains at a given point...

When I was studying Brooks I thought he was nuts for claiming that 1-min traders were playing with fire and likely losing money. I learned later the hard way (lost 50 ticks in about 10 mins accidentally getting sucked into the 1-min chart one morning) that he's right. It's possible to trade...

LH/LL etc on that chart is pure noise. "It" doesn't get you in and "watching the tick chart" doesn't get you in. Your belief about that chart convinces you to get in sooner. You know how I used to label the trades where I got in based on the price action of a very narrow bar interval instead of...

Why do you need a micro-scale chart to get in at that price? Just place a limit order a tick or two inside the price! If it works, then laser precision! Whoop-dee-doo. You're on the wrong path, k p. THE. WRONG. PATH.

Yes, see my post above.

The loss will be smaller, but you'll have way more losses (including way more commissions) because this sort of chart does not help you know exactly where to get in and out for the best odds in your favor, unless you're a micro-scalper looking for a few ticks per trade. Have you ever tried to...

The way you're using the phrase "very good price" indicates a mindset that is not conducive to consistently profitable day trading, IMHO.

It's tedious work in that book, but well worth it, IMHO :)

I'm really curious about the benefits of watching price move on the DOM instead of just trading based on a bar or line chart. I've never read about, or heard anyone discuss in detail, this method of trading.

If price finds support (uptrend) or resistance (downtrend) close to a 9-period EMA, the trend is strong and the more times support is established on the shallow pullbacks to this mobile S/R level, the more likely the trend is likely to continue. If the Support/Resistance is established close to...

o_O

I gauge the strength of a trend like this: If buyers (or sellers in a downtrend) step in around a 9-period EMA and price makes another higher high (or lower low), the trend is strong and exceptional profits are likely if you add to a winner. If buyers/sellers step in around a 20-period EMA and...