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generally speaking, i set my stop at 4 pts from entry and then when the market moves 5 pts or more in my direction i move the stop to breakeven.. if i get stopped at even and the market turns and goes 10pts as i expected, it doesnt bother me.. im not trading the market, im trading my...

Huios.. beware the blind leading the blind.. alot of people in anon chat rooms post only their winners.. and then when they get hit for a few stops they suddenly lose the urge to share their experiences.. remember that your goal is to create a positive expectancy.. the problem with...

Huios.. how you think and how you feel will determine how good a trader you become.. you have to learn to manage your emotions.. psych yourself up for a win.. prepare yourself beforehand that the trades that stop you are also part of your trading plan.. and if taking a loss first thing in...

thanks buddy.. i still lurk every once in a while.. got to be a distraction.. trading has been going quite well thanks. =).. i hope the market is being good to you also =)... -qwik

Huios.. just a couple notes on your trading.. first, id like to say that i enjoy your journal.. second, i think you are wasting your time.. i dont want to be offensive.. im just telling you what i learned by losing many thousands of dollars.. you have too many setups.. you dont need 5...

Colin answered some of my questions on his discussion board.. seems like he knows his stuff... i recently asked about having him review my return and answer some questions but decided to just use the advice from the guide i bought at www.greentradertax.com... if my return is wrong i figure...

if im not mistaken, hes been in jail before... i cant remember exactly what he did but i remember all the noise from the incident over on siliconinvestor... -qwik

i had been reading "Trader J's" thread over on silicon investor for months... and i had just opened a brand new trading account and was ready to make a trade... everyone was hyping Perfumania and there was a big news release coming.. so, i bought in at like 8 dollars or so... 400 shares...

actually, this number is impossible to know... because if you are bidding 50 contracts and you get hit one at a time... do you count your buy of 50 contracts as one trade, or each single contract that was shorted to you as 50, 1 contract trades... -qwik

i think its of little use to try and determine if the cash leads the futures.. much of the futures movement is caused by arbitrage between the underlying stocks and the qqq and the nq... since the cash is made up of the last trade of the individual index components, its not possible to tell...

Fohat.. well said.. i thought i would also point out the 60/40 long term/short term tax advantage of futures as well.. -qwik

glad to hear it def, welcome back =) -qwik

Geo, ill be blunt.. what you fail to recognize is that right now, this very second the loss is more manageable than it will be if you try to use some fancy option recovery strategy.. take the loss.. losing is part of this game.. if you cant lose well, you will lose everything.. stop acting...

i think for the most part its not hard to figure out which people here are being sincere and which ones are not.. there are many edges that can provide a high % win rate.. i dont doubt someone because of that.. but when someone goes through the trouble of presenting himself as a "real pro"...

uptick looking at the chart.. KKD had a longer term head and shoulder pattern that failed to break on 2-5.. then it made a little double bottom and has made a higher high.. it could be forming a bear flag.. but i would be more inclined to see the failed H&S as a trend change and so i...

let me guess.. traderx the master futures trader.. -qwik

Nicholas.. it seems to me that if your real desire is to own some other business, why waste your time learning to become a trader.. it would be like someone with no interest in medicine going to school for 10 years to become a brain surgeon so he could practice for two years, pay off his...

unless i am mistaken the exchanges added a ticker to reflect aftermarket movements in the indexes.. (i think i read about this in Active Trader a few months back).. some quote providers might be automatically switching to that after the market closes.. otherwise, i dunno.. -adam

yes.. i think you missed my point.. its merely an observation that you can either try to improve your trading or you can cry about how its all so unfair.. but the two dont co-exist.. see, now we are getting somewhere.. i used to be a salesman as well.. i worked as a hired gun for two of...

chance favors the prepared mind.. try or cry buddy.. maybe trading just doesnt fit your temperament.. -qwik