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Vad, Perhaps you are correct. I admit I did not read the entire thread. My point was a little strong, but I was I trying to express that traders can only truly learn by trading. There is no teacher like experience. I created one of the first active trading schools in the country and have...

Mike S, I will average into trades, but not for the sake of averaging down or up relative to profitability. I trade size (usually between 5 and 50 thousand shares). I will trade into a position I want as long as the issue is within my trading range that I am willing to buy or sell. In this...

The second chart on volume.

First chart attached

Funster, Didn’t break anything but my pride was bruised a few times! Here are those charts I promised. By the way, options really do not require any memory of formulas. In fact, we have contracted w/ Larry McMillan to exclusively teach all our options courses and I'll tell you this...

Funster, I have been busy. I am new to these message boards, and I must admit, it is yet another medium that contributes to doing market research and analysis of the market. I find myself spending what use to be time leisure time writing ideas on these boards...what can I say...I love the...

Sorry for the multiple post everyone. I'm new at this. Here is the other attachement. Have a good weekend!

Today ends an exciting week in the market. Nasdaq bust a key price level and moving average level of 1800. The SOX (Philadelphia Semis) look like a top heavy head and shoulders weakening at the knees, and the BTK (Biotech’s) look like they have had enough bullets fired at them since the...

We should all be out for beers, but I couldn't resist stepping in. I agree w/ candle and the others. Forget subscriptions services that lead you to believe you can start paying to stop thinking. Keep your money, trade with discipline and gain experience that is truly the only real teacher...

Light day. Net profit $675:)

I should clarify that even though we held above 1800 at 1818 for the COMPX, we did in fact break the 1800 level sharply today to 1778. The fact that we had an afternoon rally to close above 1800 smells more like a short squeeze versus true stabilization. Also, please forgive my type-o in the...

Today ends an exciting week in the market. Nasdaq bust a key price level and moving average level of 1800. The SOX (Philadelphia Semis) look like a top heavy head and shoulders weakening at the knees, and the BTK (Biotech’s) look t=like thy have had enough bullets fired at them since the...

The example I talked about...someone asked me to post it. Here it is:

I like to look at charts and patterns, but to the point that I am looking for any given trend simply because I need something to trade. This is where traders get hammered. Too many traders learn a new technique or pattern and then try to find a set-up that looks like the pattern they recently...

Alex, Your points about stops are fair. I agree the stops are often the catalyst for whipsaw executions. This is why I use mental stops as opposed to software driven stops. While the technology is fascinating, I still am reluctant to use it in this capacity. I have a mental sop based on...

On an important note that is constructive, each week I trade live with real capital in order to teach a variety of trading methodologies using specific technical indicators. Next week our focus will be on the Directional Movement Indicator and ADX. I recently wrote an article on the subject...