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So maybe in the end, it's the discretionary trader with great loss control that will win out (among the individual traders), and not some programmer with a system looking for an edge that disappers every few months?

Way to go Neke. I'm happy for you. And for the people who loves seeing Neke lose money - get a life. There isn't much happiness in other people's misery. Neke, if you hit breakeven by end of year, you've done much much better than 95% of the people who trade (or on ET for that matter).

Try this one - it shows you what process is writing/reading http://www.anvir.com/taskmanagerfree/

The US will come to that but for now, the economic mess in Europe is the main focus. I think this temporary shot in the arm won't last a couple of days for the Euro. It'll be back trying to punch through 1.25 soon enough. Poor Germany, having to clean up the mess of their greedy neighbors.

Seriously, a trillion dollar and the EUR can't hold above 1.30? I don't think any one country or even a group of countries can fight off currency selloffs - it's been tried before. there are too many vultures out there to get scared off easily by such a move.

Nice scam. Triggered a fake crash to take out all the stops and move the price back up to where it was.

The beauty of free markets - for the people who make the rules.

Are busted trades only for Stocks? I guess it doesn't apply to futures this time around. My safety net stop got triggered on the ES and I was shocked to see it got triggered only to see it jump right back up over 70 points. NQ recovered over 150 points :-o

Well, in that case, I guess it's A-OK to pay billions of dollars in bonuses using taxpayer's money now.

I think the idea of the post was lost on you

Well, no one sets out on their own planning to lose. But, you'll always have to take into account the whatifs. Just as any businessman would have a contingency plan when starting a new business. But, if you're only considering the fact that you'll be profitable and nothing else, then I guess...

knowing by reading is different from actually learning from trading. I'm not saying you won't learn but with 10k? how much time do you have before you start leeching off your mom? At 30 yrs old, you're the last thing your mom should be worrying about. What if your trading didn't go so well...

There's a New York Times article about this <B>Underwater, but Will They Leave the Pool?</B> http://www.nytimes.com/2010/01/24/business/economy/24view.html

Take comfort in the fact that you're ahead of the 90% of "traders" in ET.

Currently, India already leads the world in Body Odor and Bad Breath per Capita.

at current interest rate, they're still not creating inflation. Could they just cut income taxes to almost zero? How hard is it to inflate? just keep printing and devaluing their currency I guess.

Ok, I'm obviously oversimplifying things but Japan has been struggling and fighting deflation and threats of it for a while now. Isn't it easier for them, seriously, to just print a boatload of money, or cut taxes to almost zero, and trigger an inflationary cycle then just turn off the spigot...

900 before 1085 :)

yup. it just went down. can't get back in anymore.

Exactly. So don't complain when people don't post their Time and Sales in the Trader P/L thread -