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Triple A, good post. It's like driving 90mph along 495 near 95 on a Tuesday at 5:30pm with no traffic. We can't believe there's no traffic as we ride the gas and brake anticipating a jam. (I suppose you live in that area). The light volume rally into the long weekend with continuation this...

Moving from one vehicle to another is not going to address and correct the challenges you're currently facing. Sure sticking to one vehicle may narrow your focus, but it's not going to insure your success, then again nothing insures success. I recommend that before you make that move...

Perhaps war was not the best metaphor. I have several relatives and friends who are veterans, a couple of them trade for a living. During my conversations with them they have used the "strategy" in war, not "war" metaphorically when talking about trading. I began looking at the parallels of...

To reiterate the disclaimer: The ignorant and malicious are free to reveal themselves with replies that I will not acknowledge. The inquisitive and intellectually stimulated are invited to post constructive replies, and or questions. "Trading is WAR!" “Those who are first on the field...

WE ARE our worst indicators. As our self-mastery increases, the number of indicators we use decreases.

Get the full understanding and backing from your wife, she's the most important in the whole equation.

Although the technicals point to a breakout on the SPX, and continues to rally. While I don't particularly care where the market goes, I'm very conservative on the larger timeframes by reducing size on swings, and maintaining normal exposure on the smaller timeframes when holding positions intra...

No...but I did meet him in his apartment on 3rd Ave & 14thSt in NYC in 1993. A buddy of mine knew him quite well, and we dropped by to say hello. The second the door opened, an odor that seemed like a combination of vomit, beer and JD hit us in the face. I don't want to be "sedated" :) Thanks...

Unfortunately, most trading software is developed by people who don't trade. The best systems I have seen, are the ones created by or with the input from traders.

I used nothing but line charts until 1998. I see where you're coming from, bars and candles come with alot of noise. I use candles on some charts and lines on others. The close is very simple but it doesen't give enough information, like the candles and bars. I would not throw the baby out...

I don’t believe that using indicators helps skew the probability in one’s favor. Certainly if that were possible, trading would be the easiest thing in the world. All technical indicators lag behind the price action and volume. I do believe that our “interpretation” of them certainly...

Your calls would be much "finer" is you addressed the "where" and "when" along with the "will". I believe that one day the DOW will be at 20K. Where?...who knows. When?...maybe when I'm in the nursing home eating apple sauce. :)

Good call Romeo. Seems like we're taking out the highs. I'm still cautious of the lighter volume that brought us here. Hopefully we get to tackle resistance in the 1070 to 1080 zone. I'll be very thankful once we get through the weekend, and see a real trend in the indvidual equites :)

That created SEC. Maloney Act of 1938 created NASD. Indahook, you should be fine. Obviously, the amount of time is irrelevant. As long as you truly understand most of the material you'll do well. I took 24 in 1992, an passed witha 70 on 1st shot. I would imagine it's been made more...

RML trading is another one to look into. Rob Luecke (the owner) is a trader. I know his firm has been around for at least 5 years.

You can sell "covered" calls. I don't know of anything else.

I respectfully disagree. :D

ROFLMAO!

You raise a very interesting question. As I understand the PDT rule, it specifically states "four round trips in any five business day period". I'll make a few calls since I would like to confirm this for myself as well.

You're daytrading techniques and holding periods are very simimlar to mine. My average daytrade is 15-30 mins, and I use the 5min and 5min vs NDX. For example today, I had a few trades today in CEPH and KLAC. The emotions on the 15min over the last few days are very vivid and have provided...