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If one ever becomes consistently profitable at trading - that person will realise why he needs to figure it out himself. Till then it will be apt for others to go through the entire thread of 700 posts rather than 7 line summary which does not quite do a justice to the thread.

The good thing about trading is - you may come from any background and become a great trader. You need to ask yourself the right questions and have the mindset. At the other end, many with excellent education and intelligence fail at this. If you want to do a masters - go for it if you are...

Provided you have the right methodology, you need the discipline to stick to it...no matter what..

Spare him mate...you can tell he bought in August and sold couple of weeks back; blew up his account and getting ready to repeat..

No need for that ...you have already created quite a bit of it ;)

Pls elaborate.. And tell us something beyond just moving average ;)...

There is a few basic difference in the way retail trades and institutions (hft, etc) trades...for example speed and size of trade. What is boon for one is surely going to be a mishap for the other. Pure play hft’s days were long gone... There are reasons why hft’s love markets where novice...

Few people make lot of money by timing the market by using predictive analysis which most often makes money. Takes years to master and truly requires deep thinking of one’s own. And even after that there are hundreds of things to conquer - emotion and discipline is few amongst them. It is...

You are in the right forum if you are learning from traders who have been successful. Your flowchart is the basics which most of the traders would know. In fact there are many failed traders who will know more of these... Over time one finds out what actually works and what don’t. And how...

Whatever is there in the flowchart is known to most of folks who claim to be traders. So, this is not exactly a roadmap to successful trading...the key to this game is ummm a bit different which can rarely be taught..

Sorry - what is the point of your post?

Gosh ...there was no ETF during Dutch tulip era... Please note - I don’t know anything about many things...

These days it is like a movie....you don’t reason much.. With governments doing whatever it can to provide liquidity and passing the pain to the next generation, fundamentals just go out of the window.. In the last week or so every time my system tells me to buy - I shuddered...Luckily or...

The tick won’t tell you if it was an aggressive buy or aggressive sell. You can try matching the price with the quote. But if you are not receiving a fast feed, you may not receive all the quotes - they may be just a snapshot every few milli sec. You will see this often during market open.

You are not trading. You are gambling. Think, which one you want to do... And consciously stop when you think you are throwing dart in the dark. May be switch off the computer after the morning open. Just do something else which you enjoy. And don’t look at the market only after it has closed...

I have also found it is better to take the sure shot money rather than going for the big one.

Surely one can do better than that :) Haven’t you heard one can make a lot of money with an absolutely rot system? One just need to take a position opposite to the signal generated by the system... ;)

You bet Sir...you bet...

I don’t average in average in at anytime. If I enter a trade and it goes sour - it means I was wrong. Simple....I will not tolerate it beyond a certain point.

Even if you have not found out the obvious but believe you are in that 90% who consistently give money to the rest 10%, do the opposite of what your instincts tell you. Sell when you think you should buy ;)