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That's interesting. But, like Buffet, they do not call themselves traders but investors. Others, media and on the Internet, follow the suit.

There are not many traders on the Forbes billionaires' list. A couple of investors, maybe.

What do you use for trading? What do you like about it over NT?

Hi everyone, Recently got an account with NinjaTrader, time to learn NT 8 in depth. They have a good guide and quick support on their forums. Aside from that, what are some things that you wish you had known when you first started using NT 7 or 8? Tips/tricks/advice are all welcome!

Brooks starts his book with a similar trade, showing advantages of PA versus everything else. Here is his example, "· Yesterday, Costco's earnings were up 32 percent on the quarter and above analysts' expectations. It gapped up on the open, tested the gap on the first bar and then ran up over...

Looks like I got whipsawed each time, trying an opposite approach. I am trying to comprehend what went wrong and how to avoid it in the future.

So, should have been like this?

This is the worst I did yesterday. Take it how to NOT make trades. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

As I am thinking about sharing the information about trading, I am going to follow example and start posting some of my trades here. To avoid cluttering the thread, I'll only post the best and worst of each day. Questions and suggestions are welcome! Here is an important disclaimer...

What would be some of those?

No, in fact, he states at the beginning of his book, " The most useful tools for under standing price action are trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, the size of bodies and tails on candles, and relationships between the current bar to the...

I've read your post a couple of times. Have you come up with this approach yourself? Where can one learn more about basic elements of this approach?

What 'pieces' have you found especially helpful?

No doubt, boundaries have to be drawn.

Curious about your learning approach. What helps you to learn? Lot's of practice?

Well said!

At this stage, I am more looking for help. But the little I know, I'll gladly share. Cast your bread upon the waters ... What some save for themselves often goes spoiled. But this is my humble opinion. ;-) I do not expect everyone subscribe to it. Just my personal philosophy.

Nevertheless, I'd argue for the necessity of mentorship for the pros. I'd start with the argument that people learn best when they are able to teach/explain it to others. By helping others, one helps oneself.

Sad that nobody posted for a week. If you can, you should keep posting your thoughts on QQQ.