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My system begins with analysis. Analysis leads to belief. And belief leads to the execution of the strategy. The strategy is executed with only EMA's which I refer to as support lines when the price is above them. I believe there are three basic kinds of market conditions, and my strategy...

There's a little button in the bottom right of the post that says "Edit/Delete" You can get rid of what you don't want.

It takes a kid about 20 minutes to learn how to cast a fishing pole. It takes a few days to perfect it, and a few weeks until it becomes so common an act that he scarcely thinks about it as much as he thinks about breathing. In trading, a similar process is at work. Obsession happens in the...

Your so called "core competencies," unfortunately, are not those of a trader. And I'm sorry to say the demeanor of your post gives me reason to believe you're going to fail. Hard. All those things are good, but in the presence of your psychological and social pressure it will backfire. What I...

I am uncertain of which way the market will go. I do believe it will go far when it does move, and have a target of at least 107 in the SPY if it goes down, and at least 121.5 if it goes up. I believe whichever it is will be reached within 6 or 7 trading days. So, not wanting to miss out, I...

Are you speaking from experience here? I'm sorry your grass is so brown that your girl always sees it as greener on the other side of the fence. If you kept your lawn more attractive even than the illusion that is in the neighbor's back yard, she wouldn't even want to look at it, let alone long...

Yeah, it's not them... it's you. People only take advice from those who help them understand why the advise is wise. I wouldn't expect anyone to listen to you (or anyone else on ET) unless you help them to see the perspective for themselves.

I'm up 1800% for the year. 24% for the month. Not too unpredictable while human nature is still in tact.

The vast difference between trading with nothing to lose vs. trading with everything to lose. Or, Calculated risk vs. Unknown risk: the emotional stress difference. There was a study done some time back about stress in marriage. When arguements happen between couples, parts of the brain...

This is an amazing thread. Not surprising, but sobering to be reminded of how people think of marriage and relationships. I have a wonderful wife who is an invaluable asset to me in trading and in life. Why? Because I made her that way. When we got married, she was 20 and I was 24. She was still...

The economics of Gold. Step 1. People buy gold or invest in gold. Step 2. Gold reaches a peak. Step 3. Gold investors realize gold has reached a peak Step 4. Gold investors get on TV and say, "There's never been a better time to invest in gold!" Step 5. Suckers all over the country jump on...

Rich waging war on poor? Propoganda! Read history. This has happened before, many times. The truth is, it's not the rich waging war on the poor, or the rich waging war on the middle class. It's the middle class waging war on the rich. The poor represent the largest population in society. And if...

The future of the middle class? Go read 1984. The author knew a bit about history, and, from what I can tell, wrote a fictional account of America's future based on patterns he saw in the past mixed with the uniqueness of our own culture. Of course, it didn't all happen by 1984, but his...

Congrats on the longevity. 13 years is a long time. I suppose when you said "laziness" you were actually talking about not wanting to develop emotional control as opposed to not wanting to push the buttons. I agree completely in that repsect. Thought you were saying the opposite and that you...

Who are you? Have you ever traded real money before? No, they're not that lazy (at least I hope not). They want to automate to avoid the fear and insecurity that is common to traders. Emotions like that result in deviating from the trading system and making dumb decisions. Automating is...

I agree with this completely. The process of trying to communicate this, even to an imaginary person, has helped tremendously in my trading. I actually have a blog where I used to post my trades, and, at the time, believed other people could possibly be reading them. This gave me a sense of...

That's a great idea. I actually trade better with my wife around. She notices changes in my mannerisms when I get excited or nervous. Then she asks questions like, "Where are you in the market?" or "What's the most likely thing to happen?" Things that cause me to focus on the system and doing it...

Yes, keep your promise. But if you don't here's a trade for you. Go to DIA and set an 84 period EMA on a 10 minute chart as an upper study. When the price gets within a 15 cents of it today or Monday, put your whole account into 114 Calls (I'll buy puts).

"If one prevail against him, two shall withstand him; and a threefold cord is not quickly broken." -Ecclesiastes 4:12 Unfortunately for most new traders, the stock market is not "one." It's not even "two." It's a threefold cord and is not easily broken. Many would like to believe that a good...

The numbers were just hypothetical. But since you brought it up, let me say two things. First, I use tradeking. $4.95 per option trade plus $0.65 per contract up to 8 contracts. Eight or more is $8.95 plus $0.15 cents per contract. That's pretty low as far as I've seen, especially when trading...