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Some people trade to face that fear and get accustomed to MEASURED risk. They say movie stunt people appear to do very risky things, but they plan out all the details and are actually fairly low risk.This shot was done by Buster Keaton, no doubles, no CGI. It was a well measured risk. When...

RM, There have been several times over the last 3 years where "a top" is forming, just as convincing. Calling a top over and over, eventually one is correct (not you). But having "conviction" with all the other times usually does not make up for the one correct time that eventually happens...

It depends upon the markets. Changing markets flush out the one-two trick ponies. Right now there are a lot of them. The directional bias has been strong for over a decade. The "crowd" trade is in vogue now. So as you allude to, the key is a variety of market conditions is required to make...

Look at it all in percentages rather than raw value. Make sure your trades sizes and P/L are also adjusted to percentages. Sometimes using a different metric helps the psychology. Hope that helps.

Just because there are a lot of stories about newbies doing silly things, does not mean it is a top. Although there is a correlation. Furthermore, how is this actionable? Go 3x short here? Wait for a bounce and then do it? Change your strategies? Develop new ones based on this "top is in"...

Why would one think they are the same? Seriously, because there is money and stress? Unknown outcomes? Probabilities? One might as well compare trading to a marriage. Skill matters. List all the skill needed for any discipline. The list for trading in pretty long and deep. If one cannot...

Also I think having an outage at IB and your P/L is not their problem. Trading is risky and being able to execute a trade is one of the risks. It is not like retail purchasing.

Bounce has occurred as of 6:30 PM PST, at least the first one. The 50 MA Daily was tested.

And here is the more action on 1/27. Now if we break the channel, the 50 day MA (about 3700) will come into play. There will be a good reversal trade!

To the OP, you are on a downward spiral. Under capitalized, over risked allocated, and under educated and under practiced, and scatter shot trading. The fact you are concerned means you are NOT dumb. Dumb is thinking you can do it despite the facts. What to do? Address each problem one at a...

Sounds like the Bloomberg news report was just a catalyst for something already prepared. The fact that it reversed rather quickly and did not really do a major retest is interesting and worth noting. It also sets up a hangman on the daily. A lot of buyer came into rescue the drop. That is a...

Pretty larger orders (algo) went off. Anyone know who it was and why? To me it seems like a logical place to take long term profits and that is all it was.

Little bit of each, but not consistent or enough to make a difference. All the people who can really read them can put them together in their head on the fly. The only real problem is longer time frames, AFTER they complete, are opaque. So you got no visibility into them unless you look at...

One thing is you benefit from a "get ready time" and a "cool down time". I sleep in and never get up for the open anymore (PST). I did not like the 6 AM wake up, ready by 6:30 am routine. I usually start about 9 AM PST. I do not trade the close either. Instead I go for a bike ride as a...

Probably not a "single one" because the "show" is not what *you* think. Most people think it is just a system with signals etc. That is only part of it. The other parts, are scattered around in other posts. To understand what makes a good system, you need to understand what are the parts of...

Premaket Retail trading: From Monty Python.... "Good morning, gentlemen. This is a twelwe-storey block combining classical neo-Georgian features with the efficiency of modern techniques. The tenants arrive in the entrance hall here, and are carried along the corridor on a conveyor belt in...

You should be able to scale in and scale out, IF NEEDED. You should be able get into (many) a trade where you are good to go without scaling, or "scaled up" from the get go. Scaling is just another tool. Know how to use it, NOT abuse it, and when not to use it. No magic bullet, more like...

Hi MB, I am not so sure the action is indicating a major move. Like you have have been on ES everyday. To me it seems more like consolidation and position maneuvering. I still see the normal behavior, but not enough to move seriously in a direction. To me it seems like we are just as likely...

Also remember to take into account how the order is held at the broker. Some "stops" are simulated by holding them at the broker, then sent to the exchange. It is instrument-exchange specific. BTW: IB says it is 250ms to get from their servers to the exchange. Generic, I know but, still...

Know your tools, their limitation and work within those parameters. Once you get your primary system running, get your secondary working. Know how switch over. Practice. Anything less that preparation when real money is on the line, is your responsibility. This is not retail purchasing, so...