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Use your real time quotes to trade on the simulator. That way, you'll know what really happened in advance of placing your trades. You'll make a ton of 'simulated' money. That's what I hear Larry Williams used to do in his daytrading seminars :eek:

I don't know about predicting whether the move will occur or which way it will be, but its always been my understanding that one of the key reasons the end of day move occurs in the indices is due to mutual funds having to buy or sell equities depending on whether they have had a net inflow or...

YOU CAN'T TELL WHICH WAY A TRAIN IS GOING JUST BY LOOKING AT THE TRACKS One must look within for true wisdom

Amazing. :eek:

Could you let us know what some of those services are? That's one of my beefs with most of these chat rooms...no one is willing to show a bona fide track record. (hmm, I wonder why?)

Don't listen to those guys telling you to stay where you are. Trading is EASY and you'll make tons more money if you quit your job and join a prop firm.

Can an average guy make a living at trading? No.

$60,000 compounded annually at 50% would be $97,926 at the end of year 1 (4.17% per month). In 5 years, it would be just under $695,000. Compounded over 10 years, it would become $8,046,431. If you can make those kind of returns, I would say that $60,000 starting capital is plenty. As far...

GG, Have you considered getting a job related to trading, such as being a stock broker or something? Your trading experience would be a plus, and you'd still be involved with the markets on a day to day basis while you save up some more money for your trading account.

Does anyone know of any sites that have free historical charts for commodities and stocks that have the entire history of the contract? I use eSignal and my charts only go back 10 years. Occasionally, I'd like to look at the entire history of the contract, but I don't really need it often...

I especially like the section on words to watch out for: Use of the following words. These words are dishonest because they depict a degree of ease or exclusivity or certainty or absence of risk or amount of profit which does not exist. They are fraud at worst and puffing at best. Puffing...

Here's something I found a while ago (Also at John T. Reed's web site). Appropriate for this thread, but you could apply the same criteria to Market Guru B.S. Artists as well. The Real Estate B.S. Artist Detection Checklist

Bummer garbo. Looks like you bought the high of the day (it could rally this afternoon, but I doubt it). That happens to me a lot (buy at the high or sell at the low of the day). It usually happens when I "just can't stand it anymore", so when I feel like that, I try to ignore it and wait for...

Try SnagIt from downloads.com I've used it to capture and edit charts - works great.

It's tough to identify the difference between a good or false breakout in the breakout of a range, but in general, if a single bar shoots up out of the range then comes back down to close below the range highs in the same bar, it was most likely stop running, whereas if the market trades up out...

Glad to hear it, Fruity. I've always been attracted to "mature" women (40+), which means more for me if you're not. I guess beauty is in the eye of the beholder. To me, women are like fine wine, they get better with age. Nothing like some fine, classy mature babe to rock one's world...

I agree. But in an industry where you're getting fu*ked every time you turn around, it sure is hard to stay honest.

pawpaw, As the others have suggested, try trading pullbacks. Wait for the breakout to occur, then buy on a pullback to the breakout level to enter, and use tight stops (below previous correction, etc.) Then, if/when the trade goes your way, move your stop to below the new pivot that was...

Re: Re: how to manage false breakouts on NQ ES -------------------------------------------------------------------------------- Quote from Ditch: Stop trading breakouts, start trading retracements. --------------------------------------------------------------------------------...

Impossible. If there were one, you'd be a billionaire in short time.