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Your question interests me because I have relatives that ask me the same. Also I have observed over the years that some people seem to get off on the right foot and do well while others (I was one) go in circles for quite some time. One of the problems has to do with trading being very...

I started with no experience or background. Traded ES and just counted legs up or down and then put an order in the opposite direction when it just looked right. Started making profit after the second month. After 6 months had more than enough to buy a big computer and extra screens so did so...

obviously... Donald Trump. Seriously, if you think this analogy has potential as a learning tool or as a thought in passing... at all; feel free to fill in some of the blanks or clarify the limitations... At any rate, I am done for the day--

Thank you Handle. Your posts are always fascinating and insightful. I am grateful for your experience. And yes, once you get to where it is just a numbers game... everything about trading is different (emotionally) and if you are strict and stick to your plan... you should come out...

Hi James, I have young relatives who sometimes ask to learn how to trade. None have stuck with it yet. I really like Mark Douglas as a place to begin. He says things differently than I do, but he was able to communicate with a lot of people. I keep thinking I can do a better job on my part...

Thank you RN. I think that "have a plan to take profits" was one of the things MD frequently said that took longest for me to grasp. It seems so obvious, but I didn't understand it in context. It is still turning around in my head some. If you are trading multiple contracts it is not so...

Mark Douglas talks about having a slot machine mentality as a trader. Suppose you were designing a slot machine that resembled trading. It might have 4 or 5 layers of probability, randomness or choice. When you sit down in front of the machine, the trader’s slot machine starts twirling until...

Many of us remember when NoDoji discovered that (Losing trades yes, but losing days rarely). And was soundly ridiculed by some. Another oft heard assumption on ET is that Sim trading and live are always going to be different. If you come to the realization that you can learn to trade exactly...

I don't know that this is exactly answering what you are asking, but... For a long time there was little correlation between my sim trading and live. But that changed to where there is now essentially no difference; and that was one of the more important steps in my progression as a trader. I...

It's hard to factor in the hyperloop, electric cars. Cheep gas has hurt solar in the past, but with Isis and screw the Russians now in the politics... we are pumping out oil also. And a growing concern about the quality of air we breathe as the world population grows... I don't think it is...

I certainly understand that, and agree in both a practical and logical way. Mark Douglas talks about though... if one was raised religiously... I was raised an evangelical fundamentalist. Dancing... movies... and gambling... were sure fire ways to hell fire. I'm in the 'spiritual but not...

***sigh*** RN -- you have changed my mental image of "swing" trading forever.

It is hard to know who to pay attention to when you are starting. RN is giving you a set of keys to the kingdom.

Urban farming. My back yard is full of fruit trees. Vineyard with a few varieties of grapes. Have a raised garden. Chickens, fresh eggs. Of course I live in southern Arizona and can garden all year. --- When relatives with young kids come to visit, they are shocked that I eat things right of...

Think or Swim

in the far right upper hand corner, just below the red rectangle with the "x" in it, is a box with 3 horizontal lines. If you click on it you should get several options that start with "show gadget". A few more options down will be "detach". That is the one that duplicates whichever chart you...

As far as I know, that is all we have also. It does have several... like 50 or more... proof reading errors in it -- but it is not hard to see what he meant to say. They are minor, but noticeable. .............. If you don't have a Kindle, you can put an app for it on your computer and read it...

He gave a radio interview about a month before he died. He said at that time he had been working on the book for 8 years and that it was done except for some tidying up.

I just finished it today. I think it is better than the others. He covers much the same material and concepts, but it is more to the point, more seasoned with his years of experience. He goes through many of the variations of problems traders can have and how you can get there and not realize...

A question in my mind is... there is without question a teaching and belief in reparations... largely via the Christian churches (of all things). If this is a given, and it is taken as being owed something... Would a young person, at a certain stage of life where you don't understand the...