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patience has price to pay. when to apply patience, when not to, all depends on the sitaution. paitence often creates greed.greed will make you stuck with a sitaution like the foolish duck hunter, 9 ducks already in, because he waits for the last 10th, one walks away, then he waits for...

glad I did not through overnight. otherwise it is a disaster! since I want to buy put again this morning. ES will drop hard. but I think Friday those guys will not play breakdown. there isno sense to pick bottom here. only foolishbulls will buy I will avoid ES today!

I noticed ES Jun 21 weekly option seems follow ES June. to my impression, ES June already ceased to trade in the middle of June. yesterday I saw 1585/1590 june 21 ES put cheap, since I monitor september September ES. made nice profit on 1585/1590 puts. but whenI turn on my computer this...

it seems at one time, I just can focus on one thing! when I focuson the trade, then forget to check order number/type/price. that made me looklike an idiot!

today I made a fat finger mistake. I did not check how many lot I buy, then bought too much on the ask (way high). big size on a wrong ask (wide spread). that is option. man, instantly red $1k+. justfeel odd why I am red, then "shit, I buy on the ask" I am in a hurry to fill the order.

unfortunately whatever technical indicator will produce uncertain results. hard fact. so it is impossible to avoid fear. we all know it is like gambling. sometimes,just like throw a dart. look back,just history,certain, too certain!

the best way to conquer fear is: you know what you do,why you do it,andyour results is almost sure positive. most people here are technical traders, or day traders. intra-day chart and pattern in most cases almost meaningless. technical trading creates lots of uncertainties. better have...

I like to pick bottom and sell top. those can produce most significant profit. look at ES, the 1596.5 is the fresh bottom. I just sit andwait it till hit there. it did hit1597.5 and bounced, I started to load calls of ES and SPY. late it is a double bottom. another major thing is 50EMA...

I want to make $1000M. I am able to buy business and run.

my method to control fear is fast in and fast out. when I lose, I just focus on even one tick gain. my time frame shrinks from days to hours,even minutes and seconds. after several one tick winners, I feel I am a winner again. then I widen my time frame, increase size. I find I am back to...

I trade options mainly. but I make descions based on the underlying. for example, when my SPY hits 165, I want to buy 163put, or if I have 165call position and I want to get out when my spy hits 165. what I did is I monitor SPY, when the price reaches there, I buy options or get out since...

b.t.w I do far better in swing overnight trading and pretty successful. day trading needs speed/fast fingers, but not brain.

most possible results is you will lose $500/day. I will not discourage you. that is the fact. technically and theoretically it is realistic and doable. but hard facts will tell you it is not doable if you are a single hand small retail trader. why? 1. make money is not a trading idea 2...

we are fooled by our minds many times. we are blind to facts. we are blind to those obvious mistakes. when the market closes, we see clearly what is going on in the market in hindsight. our minds are tunnel vision. if see this, then it can not see that. so some vetern traders will...

that is why we need close our eyes to trade. in that way, we trade using our mind (the not seen thing). but our mind is kind of funny. the big problem with our mind is association and generalization. in the trading field, this creates confusions for our minds. when we see a dip, it...

I think those guys are awesome. recently I bought FSLR at 36ish, and out in two weeks, very pround about 10points gain. to be honest, I never made so much gain for stocks under 50bucks.not indlude AAPL those big stocks.

last year it is at the lowest price 1.92. season weather doesnot make sense. when I look at the chart and volume, I just see those bigguys are dumping hard. the trend is going down. some said now natural gas will replace coal to gerenrate power,it is true, the trend is NG is used more for...

3.98ish is 50days EMA, that is why I covered. normally it bounces. but the double top comfirmed the down side, sell pop makes sense in a down trend. just my two cents.

I am selling NG. realized it is a double top. I think the next stop is 3.5~3.6 the next two weeks, then it will consolidate. sold on thursday on the big drop bar inventory data at 4.163, covered it today at 3.989. sold short a small position at the closing at 4.065, wait for next week to...

in future trading, a zero-sum game? no, when you get in, you pay ticket fee to your brokers, so already lose some when you get out, you pay the fee again, you lose more. trading is a losing game from this perpective. just like you want to open a store, you need pay monthly retenal...