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First, you either didn't read the entire post, or you completely missed the point. Second, The accident happened after the market closed yesterday.

Wait a minute. You got out 20 minutes later? You got lucky man. That thing was weak, and it could have taken your head off. BTW, there are no red arrows on the charts. Or am I missing something?

I don't watch sectors. If a stock hits my scanner and is weak, I'll short it if I see a very specific setup. Inverse for a long. After all of these years, I've seen a sector be strong and a stock in that sector be very weak. I honestly didn't remember what the hell KMX did until after I...

Yes. As I stated in another thread, you just don't know how far they're going to go when you are in the money. I learned the hard way that it can actually be frightening when you get out of a trade too early, and it could have been the best trade of the year. THAT IS PAINFUL.

I can only imagine the word he used. Lol!

Yes sir. Thank you for that. I only read your first post and it accentuates my point. Shrugging off losses is what it is all about. And for my personality, keeping losses tight with a low win rate is just fine.

I know. And thank you. I'm a pro by definition. (licensed, working prop), but it doesn't matter. When someone asks me what I do, I just say "stock market". It saves a lot of hassle. I told a couple of people I was a professional stock trader about a year ago. What a pain in the ass.

I'm not sure, but it may have been Richard Dennis who said all of my profits have come from 5% of my trades. I think that was in the first Market Wizards book. Not sure it was him though.

Yes. And one that fits your personality. That's why I'm able to take multiple losses in a row. It sucks, and I need to suck in my gut sometimes because of some discomfort, but I guess I've learned how to be comfortable being uncomfortable. I know I'm stealing that from someone. Didn't a...

Yeah, but most don't want to psychologically accept a low win rate. I fell into that trap when I first started. Well, actually for quite a few years.

I often wondered why he is still so young and not working at Goldman anymore. (Probably 40ish). And if he made so much money, why is he doing seminars? I remember googling his name, but couldn't find anything on him.

Yeah, I think I saw a youtube video from some ex Goldman trader who is selling seminars where he said that if you are above 60%, you're in the professional range. I could easily get to 80%. But if I did that, I wouldn't make any money. The profits would just be too small. I'd love to be at...

Thank you sir. I never saw that ad, but I remember reading about it. PTJ, another ballsy dude.

Yeah, just go through some of his posts. We used to post daily in the old P/L threads with Dustin and many others. I still go through them sometimes. He never gives anything away, but what a wealth of knowledge. When we were both at Echotrade many years ago, I talked to the ops manager one...

I run a strat which requires very tight risk management, which means my win rate is lower than what some would consider to be "professional" (It's <60%). But it has served me very well because one win can make up for 10 losses, and I can't remember the last time I had 10 losses in a row. But...

Oh, gotcha. I'm not familiar with IB.

You've done 979 trades today? Sheesh.

MU is from Friday. NVDA is today. NVDA has been weak most of the day, and was a great short when it broke through yesterdays close right after you bought it. I only trade relative strength and weakness, so I've shorted NVDA a couple of times today and they both worked out. KMX has been the...

Would you ever consider going beyond retail? I'm with a prop firm and I use Sterling Pro.

There are certain chart patterns which just simply tell you where the stop should be. But in my mean reversion trading, a time stop is much more important than a hard stop.