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self doubts are part of it - wait 'til you get a "larger than comfortable" drawdown... you may not have overlooked something, but your system will probably not be exactly the same in a year. i know mine isnt! the odds are strongly against anyone getting it "dead on" on the first try... self...

were you able to nail cox... do you consider earnings announcements in your plan?

that aspect of your plan should be very interesting. what you and the missus are doing is a whole lot different than when i talk to myself.... not a critique, just an observation.... at least if things get a little shaky, the weaker trader can get a job...

so only single millionaires should attempt trading? if i have 2 choices; id rather give trading a chance and fail and then go to subway rather than going to subway and grinding our "beak and snout" sandwiches for the rest of my life and wondering if i could have could have become a trader...

people may be psychologically inclined to lose money, but i dont know anyone that admits to getting up and going in to trade with the intention of losing money... they may lack skill and confidence, but they still trade with the intention of winning (psyche-wise). disclaimer: the above...

Marc, who do you know that intends to lose money?

OOPS!

check out recent IBD; its monday's issue. there's an article with the SEC CEO whining about the narrowing of the spreads (decimalization) and how it is hurting SMALL companies, 'cause MMs like ML wont handle them for lack of a profit. "we" are not allowing them enough profit - what a crock...

the congress is rumbling about repealing the tax cut and giving checks to those that did not quailify for the $300 tax "rebate" checks. i guess it doesnt matter that they didnt pay any taxes? once again, absolute proof of the rich getting all the breaks. you pay $50,000 in taxes and get a $300...

i just want to be clear. i was only asking if you considered the fundamentals, i wasn't saying you should. i have traded MIMS, which has good fundamentals and a crappy balance sheet, which along with some management missteps moved the stock from $20+ to near $5 in the past year - all the...

yeah, lighten up. somone takes the time to post potential setups and all some folks can do is ask for more. id like to see more comments on the setups. like, i love NDN. i just closed my long position (scaling out) over $27 and i wouldnt short it (personal preference). but the set-up...

'sticks are superior to bar charts (for ME). if we are "trading people not stocks (oliver velez?)," then 'sticks are a good graphic representation of market psychology (for ME). i find it interesting when somebody says: xxxxxx doesnt work. what they probably mean is it (xxxxxxxxx) doesnt work...

i am self-taught. im 47 yo, but im thinking of going to a prop firm just for the experience. i also run my own business/professional office and i am successful. in 1985, i quit a job that paid like $80,000 to go to work for $6/hour with no overtime premium. i slept on my buddy's couch for 3...

its one of the lesser name cos., but i think they use the same screen.

first they take out like 18% to 23% of the money in the pool... so that $300 exacta on the $1 ticket actually paid closer to 400:1 odds! that is called the "takeout." then they round down when they pay you, so $20.19 becomes $20.10, which is delicately titled: "breakage"... then when you hit a...

doesnt one of the lesser-name companies use the same screens as the samsungs?

margo, are you scanning for 5/5 ST over 90 or so and then reviewing charts?

why is the solid blue line drawn as it is? ... i would have drawn it along the tops of the highs of the up move.

yes, the book is perhaps the worst trading book every written... bollinger bands relate to common statistical analysis - no genius there. his bollinger bars are really candlesticks with a minor tweak - volume i think... and his recent sector analysis is suspiciously like IBD's set-up. the...

agree with much of your comments... but gee older trader, what do expect him to do with the $5,000 trading the futures? trading the QQQs or swing trading will allow alphie or anyone else to see all the trading "angles" at a slower pace, and experience the emotions of trading, also at a...