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I too am a proponent of education and tout that as HUGE importance in my and my families life,....HOWEVER, I will play devil's advocate here and disagree that trading or making money in many business ventures requires ANY degrees what so ever. A few examples come to mind,...but one very recent...

Which way do you think and why? Are you basing this theory solely on the no range (doji candlestick) trading day? How often is a doji candle leading to explosive moves??...I do not know the answer but doubt it is better than 50% of the time.

Who do you think you are? You think I care that you studied at CME? What do want a medal?.....or a chest to pin it on? SERIOUSLY, I dont give a sh*t if you were Warren Buffett himself. As for my credential,...I studied on my own. I studied in Wall Street University--the school of hard...

So you think its impossible to get out of a short with a profit in this market? Do you think that all trend traders only identify the trend long after it has become a trend and thus lose? If so you are sadly mistaken. My point was that if there was a PROVEN trend in multiple time frames...

This is the key to good profit in my opinion and this brings the old saying of "let winners run" to its bare basics. As someone above posted the key to trading is the stop loss placement. I would agree completely but I would also add "exit management" in general which would encompass not...

I KNEW you would say that...:D

Look at these statements you make! You do not put much credence in stats yet you THINK your volatility is related to certain ways you trade. If you have stats you could analyze it and know for sure. If you "suspect" you win rate is less than 50% then how can you make a decision on risk per...

Have you run a MC Sim on your data? What is your win rate and % capital at risk per trade? Do you keep stats on your trades? A lower than 50% win rate would suggest that your wild swings in capital are just due to a recent winning streak. However, remember it is still also possible to have...

THIS says it exactly!! If you look at markets prices there are certain spots when certain price patterns are evidence of TYPICAL moves that are to occur next...NOT always but higher chances of something occuring. These price patterns as noted in technical analysis DO amount to a...

Albert Einstein Quotes Insanity: doing the same thing over and over again and expecting different results. It seems you are getting exactly what you want out of the market...Everyone gets what they want out of the market.

I STILL can not figure out WHY IN THE HELL ARE YOU EVEN TRADING??? You haven't the slightest clue as to what, when, or how to trade. Just take your money and give it to a stripper...probably last just a long but at least you will enjoy losing it more.

YES,...so decide which trend you want to trade and you should have your answer.

LOL...seriously? Did you read the first paragraph of what I wrote? We are in a WEEKLY & DAILY downtrend and 60,15,5,1 min Uptrend...How are you inferring that I do not know how I define a trend? I will repeat,....since you want to "follow the trend".....WHICH TREND???????....choose one...

No one can predict the future. As trend traders you try to follow the trend and sell counter trend moves in a down trend and buy counter trend moves in an up trend. How you define a trend depends on the time frame. You can have weekly and daily showing down trend and 60 min, 15, 5, 1 min all...

LOL,...Better to be lucky than good huh? You guys think a 30 min rally (albeit a big one) erases 65 days of a downturn? Highly unlikely that the trend changes like that,...but if you can make money fighting the trend then more power to ya. I am NOT saying there is no way this is a...

So if you KNOW "we're in a downtrend" then WHY BUY? Yes I know nothing says prices can't reverse just after you get in....but nothing says it can't continue either. Most things want to keep moving in the same direction. Trends usually slow down before reversing course. Having a stop loss...

Who said anything about PREDICTING? Just look at the trend...follow the trend. For there to be an identifiable trend it by definition has to have already started.

I corrected your post for you...LOL.

I suppose so that they can have a thread that is popular and talked about on ET....LOL This person will probably claim victory tomorrow if the SPY goes to 111 and say,..."See I made $35,000" when i sold at 111. Its laughable.

I find this post hard to understand. If you post an example trade it may make it easier for us to give you constructive feedback.