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All these answers are general answers for traders everywhere. But there is an answer much more specific to you. To find it, I need to ask you to think back to the day you first decided to trade. Why did you decide to go for it? When the potential of trading first clicked with you, what did you...

Great point. But what about the relationship between the corporation and its employees? I would like to see corporate taxes be used as an incentive to enforce Reagan's Trickle-down Economics. Trickle down economics only works if the people collecting the money allow it to trickle down to the...

Let's hope so, and let's hope that there is at least one opportunity to pyramid between now and then. I'm short, but the position isn't very big.

You know, there are three ways the market can move. Up, down, sideways. Just because something has stopped moving up does not mean it will commence moving down. Today I got a signal that the upward movement beginning on April 18 is done. It was a throw over (pictured in the top chart). Sure...

Here's a few chapters pulled out of an unpublished e-book that I have found helpful. Just wanted to make it available to other traders. Also, would love to start some discussion about it. 17 short pages, very transparent and a well written, fun read.

Try this one. I screencaptured the excel doc. Basically, with my broker's fee structure (Tradeking), the fees look like this as a proportion of the position size.

I like to keep things very simple and so I've come up with a calculator to fin the best relationship between the broker fees and the size of the position. This calculator is for options because most brokers charge a flat plus an additional fee per contract. Based on the chart, the steepest...

LOL Funny stuff. But whose account is 10% higher today than yesterday? Regardless of 4 possibilities, one was worthy of a bet because the risk and the reward made sense. Risk 1% to make at least 3% is a bet I'll take every time. I'll be right more than 1 in 3 times, and sometimes the win will...

I have a few points that I've been watching out for and tomorrow may or may not be one of them. My plan is to bet against it with a small position as trends tend to go longer than you expect, but here's my view of it. The top left chart is the whole run from March 2009 to present. The...

That would be a problem for a trend trader. But I don't recall saying that I was one. Here's a picture of my last two days in trading. Made 7% in options, still holding the calls from step 3. Not exactly a trending market, but even if it was, all that would happen is my puts from step 2 would...

Here's some advice. 1. Ask to see someone's trade record before taking their advice with anything less than a grain of salt. 2. Don't assume that we're all professional traders. 3. Pick one or two mentors to learn from instead of getting free advice from such a diverse crowd. Even if we...

TD Ameritrade has some commission free ETF's that you can trade. That'll allow you to start with any amount and no disadvantage for a small account. Read a lot of books like Alexandre Elder's "Trading for a Living." Trading is a much bigger endeavor than I realized when I started. I...

Sorry you think that's funny. The truth is, they don't have to exist to make money. I put in a trade today at 166.76 on the SPY with a stop at 166.60. I have no guarantee that I'll win, but I think for only $0.16 per share it is worth it to find out. The EMA that the price reached has...

Per trade? No. Per month? Yes.

Who are you? Why are you trading? I can understand some pessimism about success in the stock market, but I haven't read a helpful comment yet from you, Blue. Is there something you need to vent? You can PM me and get it off your chest if you like. I'm pretty good at listening and being...

I like to buy during sideways moves or shallow counter-trends. I buy in the same direction as the previous move. i.e., Price moves up, then sideways. I buy expecting up. Very simple. The stop takes care of my max loss and the law of averages makes sure I come out on top in the long run. There...

I posted a comment similar to this in another thread, but it applies here too. I used to believe, like so many posters on this thread, that I needed to think about the market less when I was not about to make a trade. I thought it would help me to not overtrade or become impatient. But it...

I did a random number calculator in excell using a 40% adjusted bet. In other words, my first bet is 40% of 500K, but my second bet is 40% of the remainder. So if I lose, my second bet is 40% of 300K, and if I win, it's 40% of 700K. I did 20 trials of 50 rolls of the die. After 50 years...

Everyone has their own answers to this question. I'm sure you're not looking for a definitive answer, but for all of us to share what works for us, right? As a directional trader, this is far easier of an answer than I made it out to be for my first 5 years as a trader. I now put a vast...

Kieth, after a double run like that with a breakout of the top channel, it is unlikely that KDD will hit 12, let alone 15. PZZA, on the other hand can hit 60 with no problem. I think the dream is a reflection of your own personal balance between assurance and lack of assurance. After a double...