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One more thing... "Do trendlines work?" What do you mean by "work"? Most of the time you'll see price have some sort of reaction of a trendline, but is it enough to make price pivot and continue in the original direction... trendlines alone are not enough to determine that.

Don't blame you... Ninja is awesome.

Hey guys, we have a meetup group here in the Tampa area... http://www.meetup.com/daytrading/

Trendlines are only a little effective when used alone... They're great when you learn how to correlate them with other analysis... (i.e. Fib retracements, MACD, Bollinger bands, etc). The idea is to come up with a complete trading methodology. All good systems I've seen have these in...

Why put yourself through all the stress of trying to catch a falling knife? Reversal trade models are VERY low probability... I've back-tested the hell out of it trying to find a profitable way to trade counter-trend. I know 1 or 2 traders who can profitably trade reversals, but they...

I agree... I think purely technical and mechanical when I trade. The more I can make it "all about the charts" the less time I have to worry about my own ego. Also, my risk management structure helps. I only need a 45-55% win ratio to be very profitable... my max stop of only 1.25 pts on...

I noticed the same thing about 2 years ago... My best advice... Just SHUT IT DOWN! lol... I made a rule that I won't trade past 11AM unless I come back at 1PM and act like it's a totally new trading day... If I don't feel 500% fresh and ready then I leave it alone.... Good luck, Chris

Try TradeStation... it'll cost you a little bit if you don't want to open an account, but the charting and feed is good... -CD

Great post! Here's a few of my own: "Think like a casino" "Screw my opinion... my system is the only thing that matters" "Think HIGH-PROBABILITY" "Don't try to beat the market... just play my system" "Have a PRE-DETERMINED risk structure" (know your risk on EVERY trade before you...

I don't use market open or any other specific time to plot fibs. I find it best to use the clearest visual pivot. Correlating areas from price or other indicators can make it easier to predict pivot points.

There is a lot of good info out there for free... no need to pay anyone to teach you theory and general info. If you don't want to pay anyone to teach you their methodology, expect to put in a lot of work developing your own. By the way, don't buy software that promises big results...

Hey guys, This is a really great charity for the US Special Operations. Check out my blog post for more info... http://tinyurl.com/az8pw5

Here's a pretty interesting blog post from Tim Ferriss, author of "The Four Hour Work Week". He did a review of the top office chairs... pretty cool. http://www.fourhourworkweek.com/blog/2009/01/27/office-chair-aeron-vs-mirra-vs-liberty/

Good idea... I had my mouse go out when I was in a trade once. Not a good thing.

only after the maid's there! lol

I haven't had an issue... you just gotta make sure the batteries are fresh. When they start to die you can get lag. It beats the hell out of wired hardware.

My command center! check out my blog post about my office here... http://chrisdunn.typepad.com/blog/2009/02/my-trading-office.html <a href="http://www.flickr.com/photos/dailytradingprofits/3289724164/" title="The command center by dailytradingprofits, on Flickr"><img...

I don't know anything about security... all I know is Chrome is fast and user friendly.

I didn't read through all the posts, so someone may have already said this... Don't trade another cash trade until you get over your fear. I'm not kidding... if you're trading scared you have a 0% chance of being consistently profitable! Let me ask you this... do you have confidence in...

I used to work for the Online Trading Academy. I'm now a full time trader and offer the following unbiased opinion... Their education is well rounded and pretty "informative". The pro trader class will teach you enough to be dangerous. You'll learn how to operate a trading platform...