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are you factoring in charting and cost of front end?

I'm a damn ES idiot savant. Or perhaps just an idiot.... Def. do not take out a loan. Think about it like this...when you trade managing your risk is top priority....do the same w/ the 2500 which appears to be your only liquid assets. my sincere advice is to give yourself a fighting...

yah it all depends on how you are going to trade. How many trades/day and what will your risk:reward be? If you are planning, maybe 1 point stops, 3 point targets, w/ maybe 3 signals/day, w/ a 40% hit rate....then at the beginning, expect a drawdown of perhaps 2-3 failed trades/day....so...

http://elitetrader.com/vb/attachment.php?s=&postid=733499 from my journal, few days ago in the ES. I traded alot (for me) that day, I think one entry was off a test of one of those trendlines. Other than that, I mostly eyeballed them and kept a stop below a break of one of them.

I use them real time quite a bit, although context is extremely important. Sometimes intraday w/ 5 or 15 minute I'll be more likely to draw two possible trendlines (because often, by the time you identify a picture perfect one, its finished).....and realtime, trade off tests or breaks combined...

murry aluded to swing trading as probably being an easier gig to get into at this time. I agree. Also good points by Steve to lose the short bias. 9-5 trading possibilities: Swing trading with EOD (end of day) data. Swing trading futs. Forex. May want to check around here as well to...

hey, I'll give you my advice on the questions I remember out of all that.... Probably the most important...asking if you should trade fulltime 9-5 or get a job when you graduate.....DEFINITLEY do not trade fulltime!!! You have to think about it like this....would you be willing to try to...

double that on the testing. The gist seems to be like spreading the YM/ES? Perhaps it would be worth giving this a shot w/ ES/NQ.

flashboy, I was reminded of this thread when i came upon a quote in 'the new market wizards' by william eckhardt.... What can a losing trader do to transform himself? If the trader doesn't know what he's doing that's making him lose, then its hopeless until he can find out what he's...

haha i was just wondering why John Merchant hadn't weighed in w/ some of these newbie posts. I see he's made an appearance and doled out some advice for young ft. :p

oh man, I didn't see the original post where he commented about 'not being able to afford LCD's" and "some shitty apartment" lol. I'm literally laughing out loud at that....I can just picture this kid saying those words. ft, if you really want to be in the market, you have alot of homework...

I think most would say to establish a channel of some sort. I think there's probably alot of variance in how people like to draw trendlines though, beyond the 'norm' of lowest high to highest high for uptrends, etc. I know I draw my slightly different from that. I've heard that Vic...

Hey, great info, thanks. What terms did you search under google to find that?

Could anyone tell me or direct me to find out what times the overseas sessions are in forex? Obviously they won't be in my time zone but I'm looking to find out when the asia market opens/closes/most active, along w/ the european markets etc. Thank you

Everybody knows how mentally challenging trading is...how it can really be a mirror that reflects what your really made of. I don't know if I'm totally off base here, which I may very well be, but I have a question... Are you announcing yourself as a gambler and trading very risky because...

Misc....I def. don't think you should be this nervous and asking for advice. Stick to your plan that you had on entry. Just my 2 ticks. Good luck to you on this trade.

[/i][/B] I don't think so. I think you could give him a proven strategy and he would break rules. If it is as simple as no faith in his system...he should be so lucky...its easier to move to a different edge than discpline yourself. So flashboy...why are you breaking your rules...

Wow...how is that book for free on the net? As well, I JUST NOW realized his first name is 'van'....i thought his last name was 'van tharp'. On the subject of good books....flashboy...."Trading in the Zone" by Mark Douglas has your name all over it.

Why do you break this rule? Seriously....why do you break any of your rules. If you tell us why you break you're rules, it'll be easy to help with the problem. Of course, honestly answering the 'why' question will probably be enough to solve it. If you are brave enough to answer it...

I'm gonna start telling people I'm a 'Horse Whisperer'