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It is a simple concept, but very difficult to grasp, and even harder to incorporate into your being. Trading is not a favorable game. It is a minus sum game. Say we have a bet for a buck. If I lose, I don't just lose a dollar. I lose more due to commissions. You don't win a dollar, you...

Downloaded both the snagit and the snap program. Better attachments and trading tommorrow. The rule I have not been following is this... In a losing game as trading, I shall start against the majority and assume I am wrong until proven correct! I do not assume I am correct until proven...

lol, not muslim, Christian.

The charts are not what I expected. I'll try to figure out something else. I did a screen shot, and posted it as a word doc. I don't think I can save as a jpeg. If anyone has any ideas, let me know. I'm using Advanced Get RT v7 as my charting software.

Afternoon Trades By now I was almost completely demoralized. Looking back at the morning, the nice trend, and I missed it. I'll get'm this afternoon. Trade 4 - shorting the downside of another correction, but market reversed. The "it'll come back down" bug bit again and I held for a 1.5...

Well, my concept was good, but my timing stunk. 7 trades - 7 losses and 0 wins, and all of the trades were shorts. Net losses were -358.60 Morning Trades Trade 1 - Broke out of the morning range. Waited for a correction, shorted, but the market kept going up. Out for a .5 loss...

Range today was 28 points, straight down. Intraday travel range was 36 points.

Figured out my expectancy (ala Tharp) of the old system for the month of May. It is -.77, which means for every dollar I risked, I lost 77 cents. I don't use it anymore, but it is for sale!!! Only $2,999, and you get a set of Jinsu Knives, good for slicing and dicing. PM if you are...

yes :) Learning to trade is just a small part of a big plan.

that and King of the Hill (from what I here), I don't cable tv, by choice, but I have a cable modem!!! "Hey, I don't know you, get off of my purse"

Hey Traders... I did not trade today as I was out of town. However, I want to discuss something I look at every night. Intraday travel range. Note: this concept was initially posted by Armaniman. I adopted it for my trading and use it as one of my main goals in trading. In fact...

As for indicators, I really don't use any, because I basically found the same thing. The few i watch are just for confirmation. I basically just trade from price action, and the basic chart formations. Nothing really complicated. As for stops, I just like tight ones. The plan is to get...

What got me into trouble is I didn't understand the game, and was playing it like I was used to playing it. Not that I understand it now, just know one way it ain't played!!!! The last thing I thought I would be doing is daytrading. But that seems to be where I ended up. Go figure...

js, sorry, but it was not a pay chat, but one of the several public s&p chats I frequent during the course of the day, so I'm not gonna divulge, besides, it doesn't really matter, what matters is I was not playing my game, but a combo of his and mine.

nkhoi, I just removed my name from their free email letter. I really liked Lo's old website "Intelligent Speculator". I actually copied most of her "Trading Book" (for lack of a better description) in a word doc. 66 pages!!

If they stay above a point, then I will. Actually thought about starting out that way, but didn't.

Now you tell me, where were you several months ago!!! Actually, I was originally just position trading using eod data and software, it was only when started using the 10 min delayed, and trying to "daytrade" (if you can call it that) is when I started getting in trouble. And the main fact...

Last week Mon, 3rd – Two trades for 6 points to the good. Both were in the afternoon. Couldn’t pull the trigger in the morning. First trade was a short, cuz the trend was down. No more longs on a down day, shorts on an up day. (duh) The trade was a good trade, and started out in my...

Week 2 Not much better… 9 trades, 9 losses for a net loss of 618.20. That Friday (24th) I did not trade. I froze. Took the next week off, (last week of May) not because I wanted to, but because I couldn’t pull the trigger anymore. I spent that week watching the market...

My first week hit me like a load of bricks… Monday, May 13th 7 trades for a net of –21.10 Tues, May 14th 6 trades for a net of –28.80 Wed, May 15th 5 trades for a net of –374.00 Thurs, May 16th 5 trades for a net of –236.5 Fri, May 17th No trades. Just...