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Hey Publias, lay off the Florida babes!!! She is becoming another tourist attraction like Disney. :D :D

I'll say!!! Good to hear from you on this thread again, and to see that you did some 'inner thinking and outer tinkering' to your system. Your hard work and new discipline should produce those results in real time that you are striving for. Keep us posted and continued success in your trading.

I don't think so; the best way to keep this going is to keep it up, it brings in fresh money each day that fears missing the move-the most powerful driver of inst money. For the record, this bottom is acting just like Sept 01, only most of the money is going into NYSE stocks like GE(already...

for the moment let's assume 3 to 1 ratio, and for discussion sake we decide on 5 pts as the stop. From experience I find that I always lose the 5 pts on an adverse move; even if it moves down only 6 then reverses to up whatever. However on a favorable move the instrument doesn't necessarily go...

I suspect most beginners use ta from the perspective of it being the holy grail, and continue the search for the 'right' combination of indicators in the hope of ta making them successful. As we progress we realize the answer is within each of us, i.e. it is the mental/emotional/psychological...

Life is about priorities, what's yours? I would sell the car as it is a deprciating asset; and then lease a new one if that is what you need(a shiny new car); otherwise buy a car whose current design hasn't changed for 3-5 yrs and buy the older version at 1/3 the original cost, examples would...

Just a reminder for all to remove their 'mkt order' keys from their keyboards; and to use only limit orders so we don't have terrible fill stories to tell tomorrow eve. It is going to be a rough day even if you have the trend right; because MM & specialists will be stepping away from this...

Possibly we should have a chat/thread set up at ET, and invite as participants/moderators those who 'traded' through the early 70's to describe their experiences, before we lose all that valuable info. My first trade was in May 1970 and I continued actively trading through the subsequent bull...

Not disagreeing that the Fed might, through its cohorts, initiate action(secret)under very unusual circumstances in order to stabalize matters temporarily; what I was referring to was the subscribing to a conspiracy theory for eveything one can't explain. It might be better to look within...

I don't subscribe to any 'conspiracy theory'; I feel your comments are misplaced and result from having a near term neg bias on mkt; hence you are trying to rationalize your inflexibility in taking advantage of any upside. As I mentioned earlier any cursory inspection of daily charts of NDX...

Agree with your observations on aft rally: not the swift volatile short covering type except for the final 10 minutes. The NDX though is putting in a series of higher bottoms going back a few weeks, so I wil be watching where it is after the Dow is down the futures idic of 100-150 this morn. If...

Addiction, Addiction, Addiction!!!!! The normal progression with trading over time is to shorten one's time frame. We may rationalize that technology or ECNs have made it possible, but I feel unless an outside influence deters us, we all 'ring the register' quicker each market cycle. And it's...

When I was struggling, I would look back at a series of my trades and joke to who would ever listen that if I just reversed what I did I would be profitable; i.e. short instead of going long etc. But it depressed me because it was true, how could I be that bad and actually be trying that hard...

above should read 4 times in a 5 day period. Also should mention in your case since the acct size is below 25k, you will either have to bring the acct size above 25k once labelled a PDT, or stop all your daytrading activities.

It doesn't matter whether the account is cash only, such as an IRA, which precludes shorting or using margin, or a regular brokerage account. The PDT rules are quite specific and should be written on the back of yours' and your sister's account statement each month for your info. You can be...

lousy question; i doubt 1 in 100 day traders would put on that type of trade. Styles differ but a better question might be if you used 260k by end of day what % profit might you make on those funds? I sort of agree with candletrader, I strive for 0.5-1.0 % per day on whatever funds I use THAT...

Granted each day sets up different, but doing your homework in the evening, and then tweaking that somewhat based on pre-market indications is important. Going into the trading day without a plan of attack(not a bias) is not wise. As Linda Rasche states over and over, let the market come to you...

"then one night in an empty room where no curtains ever hung, like a miracle some golden words roll off of someone's tongue, so after years of being nothing they're all looking out at you, and for a while you'll go in style on 16th Avenue" So true about an epiphany; it happens to me more than I...

1. no rhymn nor reason to your trade setups. 2. the times you 'pick' to trade seem to me to be the amateur or high risk setups(ones where I would be selling to you). 3. dump the MACD and all other osc; they are a waste of time and keep you out of best trades. 4. you seem too nervous, you need...

1. feel like I'm being approached by a timeshare huckster in Ft. Lauderdale knowing I'm going to get screwed but the free meal is too enticing so I bite. So in this case I'll take the offer if the trend is up, and short the bid if trend is down; then feel like sh_t right away. 2. profit...