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GREAT GEAR FOR WORKING OUT AT YOUR DESK This...:D <img src="http://aleksandreia.files.wordpress.com/2010/11/vaseline.jpg"> and this.....LOL! <img src="http://moneysavingmom.com/wp-content/uploads/2010/03/211_kleenex.jpg">

LOL,...NO. I think MOST of us would call that financial ruin. 50% DD means you need to make 100% just to break even. 70% DD means you need to make 233% just to break even.

OMG,...You seriously are a MAJOR LEAGUE Dumbass. I have lost 1.8% NOT whatever ridiculous number you think I have lost. You have NO CLUE,....seriously. It is just unbelievable the level of stupidity out of your posts. Let me spell it out for you,.... If I have a $100K acct and I want...

EEV stopped out....obviously. So looking to go long at next opportune time. No shame in being on the wrong side of a trade. Unlike some people that do not trade I actually understand that I need to cut my losers quick and let winners ride. All part of the business of trading....next trade...

See the last sentence of my prior post...

AGAIN,...ZERO COMPREHENSION OF POSITION SIZING. It does NOT matter the % gain or loss on an instrument for the total gain or loss on a trade. What matters is how many shares I bought. For your information,...AGAIN,....I lost 0.9% on that trade. All part of doing the business of...

SMN stopped out @ $21.68. EEV still open for now.

The mercanary concept is to point out that I do not care whether bulls or bears win the fight. I just want to be on the winning side....like a mercanary would. As for evolving a strategy,...YES I adapt it to the market at hand. However, I have a system that I think works well in both choppy...

Agreed. Besides I have noticed that the immediate reaction may be in one direction only to reverse course HARD within 5 min or so as the moves seem rather impulsive to start. Very hard to trade around earnings so i stick to ETFs around earnings to help minimize wide swings in price. One stock...

If you think this is just a sit back and withdraw money type thing you are lost. This is WAR!!....you must be a mercanary and fight on the side that is going to win. You must be willing to adapt and overcome obstacles to meet your objective....just like a Marine or Navy Seal. The market...

Anyone else see them? Usually this is a very bearish formation as it implies a lot of volatility. I see it on the $COMPQ, SMH, $SPX, $INDU, XLY, and XLK to name a few. I do NOT trade solely based on these formations but keep them in the back of my mind for targets and possible reversal of...

I would classify it as what "wrbtrader" called group #1, a trader that uses charts without indicators however, he does have MA on te chart which would suggest he uses some sort of indicators, at least occassionaly.

I feel your pain. We have all been there. I would suggest though that you look at your position sizing and amount you risk per trade. It seems to suggest that if your biggest loss> biggest gain that you may have a system with less than 50% probability win rate. This would suggest that you...

One more thing,...as for "shorting the bottom" I did not. I have been in cash since this thread has started until recently. Some of my recent trades....for those interested. 9-28-11 Long SMN @ $25.14 and closed @ $26.77 on 10-5-11 9-28-11 Long SKF @ $81.37 and closed @ $83.74 on 10-5-11...

You never will get it will you. You seriously ought to put your money where your mouth is. 2 trades SO FAR not working out is not a failed trade. The trade is not over yet. However, I have a stop in place and I do not average down like some people. I have NO problem admitting when my trade...

+1. Agreed. If you stay with losers you lose money. You stay with winners. I know that I will NOT get every entry right nor will I get every trade right. I just need to manage risk appropriately with proper position sizing to make money. I would differentiate exits as proper exit from...

No you dont need to make a perfect entry. Rarely will you make a PERFECT entry. If you did make perfect entries all the tme then you would place your stop $0.01 below your entry and there would be little need for understanding proper position sizing.

During this banter with trading journal...also went long EEV at $39.31...stop at $37.31. Notice how trading journal suddenly "had to go"....I guess he is getting his statements together....:D

Not saying I didnt respond to that post. I DID. If you think $23.50 is the TOP of SMN move that is where I will disagree with you. You seem to think catching every single whipsaw up down that occurs in a trading day is proper trading. It is not! If you traded you would understand...

LOL,..seriously? If you understood that as a trend trader we do NOT try to pick bottoms and tops we try to enter a trade as a trend develops then you would understand what I was talking about. By definition I will NOT get in the top or bottom. The farther I am away from that top or bottom...