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I think you are very correct. I am too comfortable in my current situation because I know I can make some ok money. The problem is, I feel like I am short-changing myself because I see way more than I take advantage of. Its funny because I truly believe that if I were to let myself out of this...

Hoodooman, Did you go to someone who specializes in helping to cure substance abuse? I am trying to figure out whether to search out a professional who specializes in traders or just any old hypnotherapist. I am to the point now where I am not ashamed to admit that I'd like to give this a try...

I have recently become very interested in the subconscious mind and its ability to become altered to help traders break through barriers in trading. From the little I know on the matter, by bypassing the conscious mind (which is biased and opinionated based on life experiences) and allowing...

Good point, I guess I didnt fully read the title of this post. The Douglas book would not be good for beginners because, like you said, you need to reflect upon your own trading to fully benefit from it. Although, once you have had some experience trading, "Trading in the Zone" is a very helpful...

"Trading in the Zone", by Mark Douglas.

I am going to give the obvious answer here....but i enjoy playing poker.

very true my friend, very true :D

July 2002-July 2005....it took you 3 years to realize this???

I cant believe I am going to answer this question but here goes anyways. You paid $50 for the stock and sold it to a speculator who bought it from you at $100, netting you 50pts. The perception of the stock has changed from 50 to 100 so therefore you are able to profit from this shift.

No, you should never depend on anything to be 100% correct 100% of the time, but proper tape reading of the specialists actions can greatly increase your odds of success. Believe me, if you are new to the game and trade NYSE stocks, it would be very wise to pay close attention to how the...

You must be very new to the game because what you have written here is very obviously a novices viewpoint. First off, the specialists trade the NYSE and market makers trade on the NASDAQ. Reading the specialist means learning to tape read and deciphering price action to help determine future...

Good point. Unfortunately most people can't take the focus away from the money.

Unless you have actually put your real money on the line, its impossible to know if your edge(s) will actually be profitable. Its just the nature of the beast. Strange things happen when you step out of paper trading and into real trading. Not only will your emotions come in to play but your...

Is this website not called "elite trader"? If you are coming here to ask advice as to what you should do after graduating, you obviously have a strong interest in the markets. If you have parents who could help you out for a year, why not get yourself a job at a prop firm and learn first hand...

Identify range days early on and realize that there will most likely be little follow through and look to book profits sooner. On trending days, indentify them early and hold. Its really that simple. Now implementing, thats the tough part.

Wow, you do have a short fuse. I dont think I said anything worthy of telling me to crawl back into a hole. If you get this worked up over a mild response to your thread, I cant imagine what must go through your mind when you are holding 3000 shares 20 cents out of the money and falling. Glad...

what is the point of this thread?

Well, its because the 15% of traders who do succeed have the passion, dedication and will TO succeed. Almost no one comes into the business and is successful immediately. On the contrary, most who do end up winners, start off as losers. These losers put all they can into finding a way to win...

If you want to be a trader down the road, why waste your time now in a trade support role? Trading isnt going to get any easier and you arent going to be getting any younger. If you work for this firm in this role for say, 5 years, you will be 27 and then, if you do get into trading, most...

I know...NYC aint cheap :D!!!