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very good posting here. learned something. I think, for day trading: all depends on the speed of the fingers and your decision making 1) do not focus on where stop should be, since the timeframe is too short 2) do not focus on what the R/R is, since there is no ideal market there, play...

dtrader98 "Patterns are the fool's gold of financial markets... They are the inevitable consequence of the human need to find patterns in the patternless." Mandelbrot exactly, that is why people feel strange why I do not need charts to do trading, chart actually distracts attention. if...

you can get many patterns from a chart as you want, just like looking at those moving clouds in a sunny day, you will name this cloud as " a sheep", that cloud as "a butterhead", or after a while, the same cloud may be explained as "an angel",or your friend may call that same cloud as "an...

I think your problem is totally psychologic. you are risk aversive, not risk lover. the fear part protects you, but it also hurts you. it sounds to me you have good discipline, what you need is COURAGE: 1. try a trade without a stop loss 2. try a trade with a "no man...

here are some internet IDs that you should block: those internet Ids are part of the ugly list, they send emails about "sex", "stock scam", "drug", "porn", "heritage claim scam", "lottery scam"....... the uglyiest 124.60.224.227 124.63.77.51 124.63.79.36 143.115.196.140 201.231.53.86...

just technical issue. turn on internet id tracking, some are bogus (they send emails via other guys' internet service), in this case, save their email contents in a database, pick out those key words: for example, "ALERT", "OTC",..... then put those words into the anti-spamming software...

no, if you have an edge (70%~80%), then 1:1 r/r ratio will end up with profit. if you play it randomly, for sure it will empty your account. particularly, if for those small account, the odd is highly a failure while not suceess. why? first in order to generate significant statistical reliable...

the hard part about trading the same stocks is the same stocks are always changing whether daily patterns or trends. to me, most top gainers and top losers look similar, how they bounce back/forth or trend can be easily anaylsized, basically they just follow into several situations, so it is...

I do trade event stocks, normally I do not check/read the news itself, even do not check the charts, just scan the market to get top gainers and top losers list, then based on my own expereince and knowledge about top losers/top gainers, judge the general market tone, target one to two event...

every day every monemt there are traders who blew off their accounts and leave the market permanently, you are not alone. every day the market reinfoces the fact loudly that in the whole wild world: only 1 in 10 finally survive the market and grow into a prefessional consistent money making...

is the best trader, any thoughts about that.

the best way is continue trading with the same size and the volatility, otherwise you can not fill the hole with traditional wisdom "cut size smaller, slow down". for example, if you normally traded 1000shares, and lost $800 becuase of slippage (MM know your stop loss and took it) or your bad...

very good and thoughtful postings here. the fear controls his trading and he does not know what he is doing. when he does counter-trend trading, he feels safer, if the market is going higher and higher, he will reason " the higher the safer to short", if the market is going lower and...

he, you go marty schwartz's way, that is a better way toward 7 digit earning! trading future is like trading penny stocks, the gain is bigger than scalping a stock?

MARC CUBAN, you mean this guy, what he is talking about is making you become suckers! forget about him, and focus on your day trading, he will suffer!

those rich people of course they do not want to do day trading, they alreday have the money, they do not need work, day trading is a very labor intensive work, they hate it. but day trading is a sure way toward wealth. if you have 5k plus 4times buying power, that is 20k, if you make 10...

those guys with pro-firms talked differently, their trading powers are not 5k, their trading powers are: $0.5M* 100~200trades/perday*5 days*52 weeks, they just made $230k, this performance is laugable, I think they are lying, they should be able to make at least 7 digits!

I am not trading with Pro firms. if traded so much volume in a day and made just a couple of thousands per day, or $400 buck per day, I think you really work for the Pro-firms, not for yourself, you are making volume to generate too much commision fees to them. it must be a low life in those...

whether big money or little money, if a trader does not know how to trade, then whatever he has he will fail. to me, when I started my account in 2003, my account is just 3k. at that time, I traded those penny stocks, large size small money but produce super percent gain. tripled my account...

in order to get the easy money, need think and work hard with the market shut down. (the nosiese are too much), some guys are trading a lot, their target per trade is very small, like $0.2~$0.5*1000shares, I can not do that, I once tried but most likely I ended up making nothing and get tired, I...