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My greatest mistake was opening a brokerage account with Dean Witter in 1999-2000 and having the lady tell me that AOL was a screaming buy at $150 and that the "new economy" was rewritting all the old laws. I didn't buy AOL, but I did invest in an internet mutual fund that gave me a whopping...

Just curious, but what kind of drug are you all taking lately because I need to get some of this stuff for myself. aphie

I think a lot of you are missing the point. If you are predicting what the market will do X time period from now, you are already doing something that will kill you eventually. I will say this again -- you need to live in the moment. I know that the market is trending up. I don't care if...

Who cares where the market is going so long as there is a very good trend to sail on. It could go up to 20,000 next week, but I will be too busy trading into trends to bother asking why it is doing that. The market can remain irrational far longer than any of us can remain liquid, so don't...

Trading is not rocket science. A lot of people use different systems but the fundamentals will always apply no matter what the market: 1) Patience - This means waiting for the right moment to capitalize on the market (i.e. let the market come to you on your terms). A lot of people feed the...

Magna, If that is the attitude of this board, I will be happy to not share any advice from now on. Thanks aphie

Magna, I have traded before, but not e-mini futures. However, I have been studying them extensively and just wanted to share a very simple approach that works well on paper. As for not answering the other person's question, I am sorry -- I must have run by it without seeing it. Yes, I...

Gordon, Anything can be expressed mathematically in my opinion. What you are after is probably variance study as applied to statistics and standard deviations. If you are adjusting for every stock, then you could also have a volatility measurement and then base the price move on that...

The best times to not use your system is to look at a set of variables with your eyes and mind and say, "The signals say go into it, but I don't like this huge gap from the previous day -- I'm going to sit this one out." I'd rather be out of a trade I wish I was in than be in a trade I wish I...

Damn, I have to give away all my secrets -- oh well. Here is a 5 day, 5 minute graph of ESU02: E-mail me for more details on calculating the tangent of the slope of the 75 MA for further information on the statistical implications of this approach (tron@mailzone.com):

Where were you born. That is so cool. If I could do it right now, I'd pack up and move there. Such a beautiful country. aphie

Ditch, Do you live in the Netherlands? I want to go back for a week and check out Rotterdam, too. If you live there, lets go smoke up and talk about trading strategies, and then you can show me the best clubs to go to ... to find some nice Dutch a$$. ;-) aphie

marketsurfer, Yes! Richard James is the man! I got my name from combining Aphex Twin and Coil. Aphex Twin's Selected Ambient Works Volume II is my favorite ambient album of all time.

My friend and I, who works for Delta, traveled to Amsterdam for three days before moving on to London. I have to say that, without a doubt, it was the BEST vacation of my life. It beat South Beach, Miami, too. You can pretty much find anything you want in Amsterdam. Actually, we went to a...

Depends where you are going and what city you are flying out of -- are you going to Amsterdam, too? Maybe I should just organize a "Traders in Amsterdam" vacation for all of us? aphie

Here are some that come to mind: 1) You set a stop, the market comes down, kisses your stop on the lips with a big fat juicy french kiss and then promptly runs up like a shuttle launch. Or, if you are short, it runs up the ladder, tickles your stop on the feet, and then jumps off the...

If you are spending around $5,000 in commissions with IB a month, you are doing a lot of trading! aphie

Husky02, A lot of people have varying opinions on trading, but it is simply like everything else in life -- the more ambition and determination you exhibit, the better your chances of exceeding brilliantly. Who do you think would make a better trader in your opinion -- Albert Einstein...

Oh one other thing: Your ability to trade is no reflection of your self-worth, intelligence or ability to succeed. Don't take poor results as an indication that you aren't any good at trading. The best traders in the world experienced the hardest lessons. Believe me, I have made...

CartelTrader, I can sympathize with how you feel, however you need to understand that you are not a failure at this. Those string of bad trades will give you the perfect opportunity to take a hard look at what is going on. With each trade you make, write down why you traded, what the goal...