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If you want to understand the concept of "money" read the book, Web of Debt, by Ellen Brown. What exactly is "money?" It's nothing more than a scorecard. Think of getting 6 points when you score a touchdown. When you go to work and perform a task you collect points, like you would had you...

Easier solution, go to bed early and get up early. There's a lot happening between the hours of 6am and 9:30am ET, and then you have a few hours after the opening bell to get some icing. Holding a trade overnight brings too much risk because you don't know whether the news will be good or bad.

Nice to see you posting again Ed!

Ever watch the show Person of Interest on Thursday nights on CBS? Where did they come up with the idea for this show? The real world, of course. Everywhere you go, every thing you type, and every thing you say is being recorded.

That's unfortunate....for you.

It takes more than attitute but your point is very well taken. A shitty attitute leads to shitty performance but with that being said, trading takes a highly sophisticated level of education and, above all else, talent. Trading is all I ever wanted to do. From the day I was a young, young...

Oh Dear! Shame on me for not reading the rest of his post LOL. I stopped after the first paragraph :(

It absolutely IS better than using a stop. If your strategy is based solely on trying to time the market you're done. If you understand hedging properly you can put a position on indefinitely with very controled risk. There is still a timing element involved because you have to take the hedge...

1. Pic #1 is likely a line for a job interview. Been to a job fair lately? Looks exactly like that. Yes, these guys had jobs with the important word being <i>had</i>. 2. There's plenty of women in that pic and they are out buying gifts for their kids to give to Santa :) 3. Food...

and....in the 30's the Fed REDUCED the money supply. In this depression they did the exact opposite. Why do you think the national debt is into the stratosphere.

Your top pic is spot on for today's depression -- it's called SNAP. If SNAP and unemployement bennies didn't exist you'd see bread lines exactly like that. Housing and unemployment is in an absolute depression. You don't see lines of people sitting behind construction fences waiting for a...

I'm a full-time trader and own an LLC/CTA business and trade for clients. From Feb 1st to April 15th I do taxes and handle audits thta come up during the year so outside of tax season I spend 99.9% of my time trading and during tax season I spend about 85% of my tme trading.

+28%. Clients are happy.

I agree with this poster but in times where extra stimulus/spending isn't needed the Government still creates a deficit. Deficit spending should be left to a vote of Congress but then, since the defeated this bill that would be a moot point.

You keep speaking about math but you've yet to even mention a mathematical term, let alone provide a number. Why are you not talking about correlations, outliers, residuals, significance testing, regression models, mean reversion, statistical arbitrage, pairs trading, spreads, and on, and on...

What we do without these rating agencies? We never would have been able to figure out MFG's credit was junk w/o Fitch.

Precisely. Government numbers are complete bullshit. I know a shit load of people who went back to get their masters after being laid off only to find it didn't do a damn bit of good. Others went to nursing school, radiation tech school, phlebotomy, etc....after all, health care is still...

Not to mention dying from black lung.

Agree with that. I could trade without charts but they are a valuable tool for interpreting price action. However, you can get a feel for that by watching order flow. It's not an easy transition to make, however. A lot of traders have a hard time going from the pit to a screen, for a variety...

This is not something you can accomplish like turning on switch. You have to grow into these types of numbers. The OP is trading very well and I suspect within his comfort level. The larger P/L will come with time. Goal #1: Stay in the game.