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I turned 10k into around 400k (I know I said 360k in an earlier post but I forgot about the second account- I'm still paying the taxes on it!) This was the last three months of 2000 and I shorted 2 ND at a time three or four times per day. Maybe more. No indicators, no volume, just a price...

Sometimes MACD works, sometimes MAs, sometimes price patterns... Nothing is 100% But I guarantee, that lacking the criteria or willpower to admit to yourself that you are wrong, that you will go down hard. That does two things for you. It keeps the losers reasonably small. And it grows your...

"Depends", is the right answer. Besides, a data provider is down on the list of important tools. First is a good psyche. Second is a good system(an edge) Third is a reliable trading platform. Finally, a good data provider for your charts. Since you're getting the data directly from your...

I have more paper on my wall than I care to admit. And my kids will go because I've already paid for it and hate for that to go to waste. The real reason that most people go to school from my generation is that it is a convenient yet respectable holding cell. Gives your body, mind and ambition...

Mine is 24 days. Doesn't matter though, since I just kept hitting singles. Not a good way to get rich. My three losing days this year are #1, #3 and #4 on my daily equity changes. So out of my top 4 days in terms of absolute numbers, 3 of them were negative. Very bad. I take profits of half my...

Buy in the money options and treat it like a stock trade. It kills me to watch it because of how slow the movement is, so I just put the trade on and move onto other things. Great for 20-30 percent on your investment when you're right but don't put too much money into it because (since I suck at...

Roses are red, Violets are blue, I suck at trading, so do you. Albert

Yeah, gotta agree that a daytrading-only existence is a little stultifying and that the odds are not great for making it. I didn't. But even if I had been making great money- like I did when I wasn't strictly daytrading- I could never have made my sole existence revolve around it. It just wears...

OK Grasshopper, you want discipline, here it is. Do what you say you're going to do. The first time you deviate, just Stop. That's it. Just Stop. You're not making any real money on these two point moves so you may as well take the time off now before you hurt yourself. Turn off the...

That was fast. And I had hoped to start it out with CST and break into small groups for further discussions. OK fine. Take a quick lunch and we'll all meet back here after HoHos and ding dongs (don't forget to floss) I have lots of experience with physiological indicators that I think might...

Which markets? What time frames? What risk parameters? Are you daytrading, swing trading, using options, etc. Kinda hard to respond to the intro, but I can tell you what I do. It's basically Chicken Shit Trading or CST. I take a very long moving average and trade long above it (10-20 eminis)...

I think MACD addy is probably right about getting the trading down before worrying about the commission. But not completely. I was with a hog for a few months with $20 round turns and high margin levels and had my ass handed to me as steak tartare. Yum! Then I went to Global and started with a...

You probably need to see a pain specialist. Probably a psychiatrist too. Need to get over the physical stuff to get at what matters. Good docs help, bad docs just keep you on a string. Really, get a referral and get in there. Don't wait until your psyche is too far gone. Albert

I know that alot of people think every trade is an individual entity and that one trade should have no bearing on the next, but I like to get back to break even as soon as possible. So if the last trade was a loser for 2 points, then I take the next trade out at the 2 point profit, at the...

I put in $3200 into a Global Futures account on March 24 and am now up to $12,136 as of yesterday. I did it with an average profit per trade of around $30. I have low commissions and very low margin requirements which allows me to leverage the hell out of the account. Average time in trade...

It's like Chicken Man, "it's everywhere." Bought my condo 2.5 years ago and the neighbor sold his in ONE WEEK for the asking price for a $450k profit. Gotta love it. Now, to time the exit strategy to get into another place for cash only while Rome burns. (I live in a beachside penthouse condo...

Up $650 from the NQ and ES trades. 2 lots each. Albert

This is the NQ trade today. You can see I'm short below both closes. Albert

At least the ES was somewhat close to respectable. Albert

Did not respect my stops but the market went my way. Between the NQ And ES I made $600 but that is just luck, pure and simple. This is pretty typical of the way my trading goes. I'll have an incredibly long streak of winners and poof, I push my luck and then give it back. Today was luck. Albert