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4. Focus on 1-3 Techniques that Work Well Another trait of great traders is that they usually focus on just a few techniques, usually 1 to 3. The reason for this is simple: The jack of all trades, master of none is usually a low paid unskilled worker. Put another way, examine college...

The market is an ever-changing entity, each day presenting us with different and unique scenarios with no two days every the same. Nevertheless, the market is more or less a reflection of people's ideas and attitudes and while it is also true that no two people are alike, each and every one of...

I wont mention my chatroom here any more after this or the site or whatever. I wont post any links to it from Elite Trader. I hope that some of the garbage we have all seen, and in some ways contributed too, can be kept off this thread. I want to post some ideas for people. If they want to use...

Unfortunately not all gaps are favorable. When a gap occurs that is not favorable you need a plan in place that will help you to deal with this situation. One of the dangers of holding overnight is the gap that blows your stop on the very first trade and there is nothing you can do about this...

Id be suprised if I had any friends in the desert such as things went there. Thats ok, my life will go on and so will theirs. As to how much I made, you seem to think you know a lot, and I have no problem with that, it doesnt hurt my feelings. You think Im a fraud etc. Thats probably not the...

All the Croatians Ive ever met are stand up people . No worries at all Neo. I know that sometimes I come across wrong. I can seem like an arrogant smart ass at times (when I inevitably blow out my trading part on account of being a lousey trader and the guru thing drying up..I'll write a...

This one is rather wordy..sorry in advance. Im really not trying to make it into a book. The popular idea among traders is that if I can just find the "right" system or pattern I will be profitable. Traders think the market is a battle that pits them against "the market" but in fact nothing...

I've always learned more from my mistakes then from anything else..so I figure I can share a few and hopefully someone else can learn from mine and save their Wheaties some morning. This was a pretty good entry and should have been a profitable trade, but I got greedy and screwed it up for...

When it gets right down to it trading is pretty simple, or at least the concepts I work with are. When I look at a chart I basiclly want to know what its doing (up, down, sideways). Then I will look for volatility situations, support, resistance etc. I like to use a 20 period EMA on all of my...

I've made this point a number of times both here and in the chatroom, that its important for a trader to know the difference between a trend and a range. Not only that, but know how to trade in either, and realize that a trend is not a range and a range is not a trend. This is an older...

Ok, Im just about ready for to hit the sack so I wont get too much done here tonight, but starting tomorrow I will start to post educational material here on this thread for people. Now that Neo-the-geo has exposed me as "the biggest fraud" I might as well try to sucker more of you poor folks...

Dont we ever sleep!

Should start a subject about trading in ranges and in trends. People seem to confuse the two and think we are trending when we are ranging and ranging when we are trending. How often do we see that when stocks are moving in a sideways trend, then when it gets to the top of the range everyone is...

Depending on the amount of money you are going to raise you might be better off looking at a Prop firm such as Bright, Carlin, Andover etc. The payouts are certainly better.

I have a fan..I'm so happy now :p

Trading in a range..oh we are trading in a range. :D Lots of people wanting to buy up here..but looking at the short term charts the air looks pretty thin (they need to rest) and the hourly chart is still in a range and its at the top of it. Trade a range like a range and a trend like a...

I heard or read a good analogy on size not that long ago. I cant remember exactly were though. It was something to the effect that if you go into the gym for the first time and try the bench press, you are not going to put up 300lbs with out potentially hurting yourself a lot. The same thing...

I think that it is only natural that some-one who spends a lot of time being exposed to certain products and services develops an opinion about them. In this regard I would think that most of the vendors could if they choose to provide a good opinion on most services out there. All my life I...

I think everyone's motives here are 100% pure except my own. I'm here soley to pump my chatroom. :D

<i>Both Chris and Brandon have announced that breakouts arent a viable strategy anymore.. </i> How do you get that from this: <i>Breakouts are still a valid play..but not the same kind that we used to see. Now what we see more are some volatility coil building for several days and then a...