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I was actually thinking of something more like a "Good job for following your system" after a trade. Maybe a pat on the back, something that takes the edge off of losing money.

Careful, Peil, There's a glitch in your logic. The problem is, that promise was made to Abraham who had how many kids? Let's see. Wife 1: Sarah Isaac: the father of Jacob and Esau - Jacob is Israel Wife 2: Hagar Ishmael Wife 3: Keturah Midian, Zimran, Jokshan, Medan, Ishbak, Shuah...

Very true. I'm from fort worth. It's not that I have secrets, it's just a lack of motivation. I find it tiresome to try to share things with traders who can't let go of their past experience and be a clean slate. Maybe that's unfair of me to ask, but it's necessary. Two winning systems may...

In late 2008 the Dow was at 8000. It reached 6500 at the lowest. I'll wait, thanks.

I suspect you already know which one you want to do and you're just waiting for someone to tell you you're not a fool for taking less money. You're not. Go for option 1.

Great topic. They each have their advantages. In poker, you can have a poor hand with poor odds and bluff through to a win. That's good. But also, in poker, you lose all of what you bet when you lose; which is bad. In trading I can be wrong and still win. Say I'm a directional trader and I'm...

You're too moral. Morality (the tendency to view things as good or bad) is causing you to label porn as bad. I'm not saying its good or that it's neutral, because both of those ideas are also found on the "morality specturm;" the gradient from bad to less bad, to neutral, to good, to more good...

That's fine. If we're saying the same thing I guess I didn't understand right. I though you were saying buy at 50 with stop at 49 for a 2% risk. Pyramid at 55 (with a cost average of 52.5) and set the stop at 52 so that the overall risk is still a loss. That's what I wouldn't do. A little...

In many buy-out cases it's the skill or vision or network connections the buyer has that the seller doesn't that makes it work, not the business itself. It's possible that both the buyer and the seller are making the right choice.

If I understand the equation correctly, I'm not sure I agree with the reasoning. If I enter a stock at $50 and set a stop at 49 (2%) then I'm risking 2%. If I then add to the position at $55 and move my stop so that I still have an overall risk of 2%, then I've just created a scenario where I...

I'd like to recommend a book I just finished. How to get rich, by Felix Dennis (founder of Maxim magazine). He does very clearly lay out how to get rich, but also very seriously explains that, for most people, the light is not worth the candle. Very sobering book. I thought of it because of...

Hopefully that wasn't your entire account on the line. But when I place stops on options, I always do limit orders, even if the limit is not near my stop. Like, the order goes through if price is below X, but I won't accept less than Y amount for the option. So, for this trade, set a stop if the...

You don't understand. Most people on here don't know much about anything of value. You're trying to ask a question that might actually have a factual answer that could be found out elsewhere. Unless someone actually knew the answer, they'd be risking having their ignorance found out. There's no...

I had similar thoughts. How did you come to conclude today? I'm unsure if today or two or three days.

Volatility? Great. I'll buy calls and puts at the same time. Since volatility is a part of their calculated price, the value of all ATM options will rise. So the one I hold that's wrong will lose much less than the one that's right.

two years to develop a good system (right 65% or better) six months to realize that a good system wasn't enough, found out I needed risk management and money management plans too, and another year to realize the importance of emotions and how they make following my system and sizing positions...

Best way to learn day trading is to learn swing trading. I often day trade the middle portions of a missed opportunity.

I get kicked out with a WIN. Then I get back in and do it again. One long trade turns into two shorter ones. The first one of a moderate WIN and the second one slightly larger WIN. I'm having trouble seeing the problem with winning. The goal is to make the bank account get bigger, not to stay in...

That depends on the man. My wife is good because she is moldable like soft clay. If you're looking for a pre-packaged end product, good luck. If you're looking for someone to mold into a wife, however, you have a much better chance. Too bad so many men in the west believe in the "pre-packaged...

No, sorry. I use MACD's to determine the likely direction or condition. I just use the EMA's to follow the trade. They work much more consistently than trailing stops or some other method for me. I only use EMA's, though, after the technical analysis is already done and I've come to a conclusion...