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    My guess as to why traders fail

    most reasons you wrote are non-sense. there are lots of reasons people fail. the most important reason is people think in the failure way, they believe trading is hard to do and they will not go over it, that is why most people keep digging into reasons why people fail, they are seeking...
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    beat the market journal

    0.68 point gain on ABIO (100lot), bought it at 5.55 and sold it at 6.23. could not believe it! actually I hesitate when it passed 6.13, thought it would shoot to 6.8+, glad my caution kicked in and wrote a limit order just at the morning top. did not trade crude, since I felt after...
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    How I stopped making the same mistakes in 2010 and started to make more money

    scale into position sounds to me: you have a vague idea what you want to do. normally it will create a big problem. I strongly discourage you with scale in trading. my suggestion is: a small size, find some clear setup (you know when it is wrong: i.e., how much you will lose if wrong) to do...
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    beat the market journal

    bought QG at 3.915 in the pre-market, and sold it at 3.920. it is a very low risk trade, I need arrange my son to daycare, I cut profit. see ARNA gapped up, bought it in the opening, sold it with 10 dollars gain, not bad, if a comparabe size of QG/CL, it will be a very good trade. bought...
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    beat the market journal

    I do not know whether you are a profitable trader or not. but one thing I need tell you is: if you struggle 5 yrs, finally prove to yourself you are a loser, does not prove someone else will struggle five years, then prove himself he is not good at that. someone is born to be a trader...
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    Weinstein Trading and Fading

    I agree. I will check FINL's floating shares also long-term chart if I go short. like yesterday's ABIO, it is a gap up. I saw long signal on ABIO and SMOD. after I checked their floating shares, I am afraid to buy on the rise, so I decided to short SMOD (my reason for shorting smod is smod...
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    Weinstein Trading and Fading

    sorry to hear your story. if I did a nice trade in the opening. I will stop. the human brain is kind of odd: like to generalize experience. that is the reason why the first trade will affect the next trade. if I faded the first one, I failed, then even there is a perfect fade there, and I...
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    How I stopped making the same mistakes in 2010 and started to make more money

    walk away a while. actually you do not need day in and day out to trade to beat the market. in last september, I was told to be temporarily laid off (in reality it is a permanent layoff), I was so eager to make money to compensate my Macdold job ( just a joke), often loss chases loss, quickly...
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    beat the market journal

    in september last year, I was told I was laid off temporarily. you know what ? my ex-employer thought (did not tell me) I was the most qualified in the job, so during the temporary layoff, I can easily find a job, then you know they do not need pay me severance pay ( it is a good number, I...
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    beat the market journal

    in the opening, tossed ABIO or SMOD to buy, finally decided to short SMOD, it is a right short, but not too much. missed ABIO long, it really is a nice shoot, I have no day trade available to do that. SEC made it unfair since I have a tiny account (way below 25k). that is account size...
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    Trader P/L 2010

    $121.3 toke a nap, and turned on my computer, realized GDP is due tomorrow. initially thought nothing will happen, saw all market is crashing, shorted QM, toke out 0.15 point. should hold that stuff (shorted QM at 80.825, good entry when look back) shorted NQ at 1663, toke out too quick!
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    beat the market journal

    three tick gain on natural gas after the report. initially up 11 ticks (bought at 4.030, $12.5 per tick, remove my original target price 4.085 to 4.135), greedy hold too long, drop back and then sold it at 4.045 in the second rebound. the market always wins the market is rallying hard...
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    CL Redux

    easily fooled by those sudden little pop and drop. the sessions are great for those buy low and sell high guys, not for buy pop and sell drop guys
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    CL Redux

    out at 80.77, just get money back. this kind of days are commission contribution days, the more you do, the more richer your broker gets. glad I am just paper trading this afternoon
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    beat the market journal

    finally my layoff is settled down this afternoon. officially I am terminated or I am permanently laid off,get the severance package, I do not need lawsuit any more. my 401k fund is now available. Will do it very seriously from this moment on!
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    CL Redux

    that is why stop loss is useless, definitely it shoots again, bought at 80.55, stop 80.35. I saw several cents of gain several bars, felt it is shooting to 80.92 your stop, mm,, it seems crude track equity index
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    CL Redux

    stopped out, fun. luckily I was doing paper trading to test stop loss
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    CL Redux

    long at 80.78 sl 80.58 target 81.28
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    beat the market journal

    pretty frustrated. before I start, my fear controls me, so I lose. 0.3 point gain just did two trades, one trade before the report around 6:30AM with 1 tick gain then after the report, bought QM at 80.025, sold it at 80.275, why not use trailing stop? I can not believe myself, my fear...
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    CL Redux

    who knows? Schizo will regret the most since yesterday he shorted and did not wait for the windfall gift. what will you with the report due 10:30 patience is really the key!
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