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good points v....i think, however, that there isn't going to be any ideal setting above all others. its the feel of the market more than anything. i can drive my junky old car just as good as someone with a porsche -- why? because i know how my car feels the road, and how to react to it. its...

are you a trader or an investor? to me it sounds like you are an investor. earnings reports and 'believing that the selloff is short lived due to stable growth and a sound (& successful) business plan' sounds like it to me. is there a method to this madness?

iraj...yes, ideally it is best to have your focus on price action. however, many of us mortals cannot mathematically calculate, in real-time, certain price support/resistance and divergence. i would recommend that you find some simple indicators for range (bbands, et al.) and trend...

well, i'm sorry how you feel. and its ashame that you lost so much money. tell me, did you ever have a consistently profitable strategy before you started trading with real money? we all know that only a few (3-4% as your friend put it) make it. but that is just like everything else in...

well, he actually says that active trading is a loser's game. which it is. the majority of people will lose.

was that your FIRST 6 months?

You do it with a simulator. So your motivation is money, not good trading? So you are basing your decision off of some threads on elitetrader? Seriously, I think your intentions are misguided. Think over what you are really trying to accomplish and make sure its for the right reasons...

is there a reason why you want to do this experiment with REAL money? i mean, besides the question about 'scared money'? we already know the answer to that ;) imho, if i was gonna 'experiment', i certainly wouldn't do it with my hard earned money.....maybe somebody elses....but..... :)

as far as discovering money making opportunities, all you have to do is find useful indicators that you are comfortable with and watch the market day in and day out. after 6 months of that, you will know exactly how to make money. you don't have to be a genius to figure it out -- you just...

agreed. last 3-4 days have been horrible. no sustained moves and if there were any they came at times that were not normal. just stick to your rules and they'll keep you safe. i second the drink.

in general, the institutional players can move markets, whereas retail traders cannot. does that clear things up?

have you ever seen a herd of cattle? when they get scared or excited, they all run in similar directions. retail players would simply smooth out the moves (and make them larger!), while 'individual' (professional) traders would tend to move in the direction they want, not the herd. so they...

ok, i know jack has been beaten up a bit here, but one more..... "How I Made Money And Then Became Insane, Volume I: Flaw box, tools, and rockets. Here we have scoped out the market. Found that it has two moduses (continuation and change). We did a learning synthesis. We moved from plateau...

SPY is in an 80 cent range today. wouldn't touch it with a 10 foot pole!

ok, i see. most charting programs filter 'spikes' like this out. if you don't have this feature, you should. either way, sometimes when i'm looking for a particular setup, the bars don't exactly line up, but i know that the mechanics of the setup are there, and i take the trade. knowing WHY...

I trade SPY, and don't see what you are seeing. Is this a stop issue? All my stops are triggered by the actual bid/ask (double bid/ask), not actually the last price. Maybe this is your problem? In either case, I don't see why this is an issue at all. Could you explain the seriousness of...

i use quotetracker....i just hit ctrl-shift-h or ctrl-shift-l any time a tick prints outta range. takes less than a second. more of a cosmetic thing though and i don't have to do it that often.

ninjatrader provides statistics on all of your trades. i simply imported this file into excel and plotted some charts. i could actually see 'waves' of times were i would make and lose money. so these times indicate when i trade well and when i don't. closely related to the market, but not...

just a bump in the road, eh? :cool:

about 3 1/2 months. you're right, once you can write the rules down and explain it to someone else, you are on your way. i am now at the stage of being able to follow my rules. it is a trust thing and most importantly it is an experience thing. the more you trade, the bigger the picture you...