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mmm...samuel smith oatmeal stout. One of my favorites as well. Back in my college days I drank way too many of these though and had the beer belly from hell.:D

Hey, you take what you can get. 10 points on a day like today is very good. If I could net 10 points on a "bad" day, I'd be in trader heaven! I had to settle for a 2-point loss today.

You've heard of so-called "lifestyle" drugs such as paxil, prozac, and viagra that are engineered to help patients with Social Phobia, Depression, and edf. Now imagine a pill engineered to support top trading performance. It would increase brain function and would allow the trader to...

Gordon Gekko, earlier this year, when I was trading SPY instead of ES I did exactly what you described in your post. I would enter a position of, say, 600 shares and put in a .30c stop from entry. If the position moved in my favor I would let it ride and move my stop to breakeven after SPY had...

That sounds a lot like my trading style. I will sometimes go for days without taking any trades, waiting for the right time to strike. On choppy/flat days, I keep my account flat as well. Staying out of the slop has increased my weekly profits. I think it all boils down to patience and...

The more I trade, the more I have realized this is true.

I think many traders try to look at way too much and suffer from information overload. It's challenging to watch 10 charts each with numerous indicators for example. In the past, I've done some of my most profitable trading without using charts at all, just streaming realtime level I quotes...

Hmmm, do I take the Red Pill or the Blue Pill??? Actually, I've also aways thought the Maxtrix provided a good analogy to the process traders go through in order to become successful. "You can't be told what the matrix is. You have to find out for yourself." You can read all you want about...

I currently use two computers and three monitors (two on one computer and one on the second computer). I can't even imagine trading with fewer than that now. I'm probably going to add a second monitor to computer number two. Monitors and video cards are so cheap these days, why not?

Pivots, resistance, and support levels work very well in conjunction with other indicators such as stochastic. For example, if ES trades down to S1 and at the same time 1min stochastic is giving an oversold BUY signal, it provides a very high probability setup. Of course, support levels do not...

I've had responses from people I've met at parties and social gatherings that have stretched across the whole spectrum, from flattery and reverence, to envy and contempt. Part of being a trader is being proud of what you do. Learning to cope with the fact that some people may think you are a...

IB. They're cheap and fast. Occasional connectivity problems, but they're up and running most of the time. Corallus

I'm worried that as e-minis become more and more popular, they will try to extend the PDT rules to futures as well as stocks (i.e., $25k min equity). That would really suck! Corallus

tampa, didn't realize you were a senior citizen.:D Corallus http://www.viagra.com/

Hi, I'm new to ET and this is my first post. I've read a lot of this thread and it is very entertaining and informative. In my opinion, if you can't, then don't. Don't feel evious. I know I can't trade days like yesterday and most of today. That's why I restrained myself and did not...