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Try scanning for a bozo bar (marubozo) that cuts through a shortish MA. If you use volume bars, even better. LC

ProfLogic has made a number of posts relating to volume bars. Try a search using his name and "volume bar". Personally, I use 100, 1000 and 10000 volume bars to trade the NQ. I refer to the 10K during prep to define the macro trend, but I use only the 100 and 1K during the day for my...

Simple reason is that he's not getting enough attention and you're getting (in his opinion) too much. You can imagine what he must have been like in high school (assuming, of course, that he is not now in high school . . . ). LC

No more so than "trader" is misapplied to "marketsurfer" . . . LC

Nice summary, but surfer still won't understand it . . . LC

Doubing an 8% loss due to slippage seems unlikely. Even so, your example is no fuzzier than your "rule" of holding "until price decreases below the value of the 100 day moving average". What is meant by "decrease"? A tic? A close? What kind of bar? What type of MA? As it stands, 8% seems far...

Who says they're using CANSLIM? The size float that CANSLIM prefers pretty much precludes the involvement of funds. LC

My point was that the bar, etc, exist only in the mind of the trader. Price is a continuum, and where and when a bar closes is irrelevant to what price does. LC

So do I. But I find so many traders waiting for a "bar" to "close", or for a "candle" of some sort to form, focusing on whatever choice they've made to display price and largely ignoring price itself, much like plotting indicators then focusing on the indicators. LC

FWIW, when I first began using VB charts, I looked for a VB equivalent to the tic increments I had been using for detecting trend and determining entries and exits. This turned out to be 1000 and 10000. The fact that these are squares was accidental. But "time" never had anything to do with it...

I'd like to thank PL for persevering in this thread in spite of MS's attempts to derail it yet again. I'd also like to thank MS for backing off. I started using volume bars some time ago due to PL's posts on the subject and my own subsequent investigations and the clarity they provide is...

I suggest you look at posts 5 & 8 in the following thread: http://www.trade2win.com/boards/showthread.php?t=16681 LC

You're equating focus and decisiveness with being emotional. Focus and decisiveness, however, require just the opposite. When a decision is required, one can't waffle around with how he feels about it; he has to do it or not do it. LC

People who have trouble managing their emotions, much less trading without emotion, are convinced that trading without emotions is impossible. That, fortunately, is their problem, not yours. However, the issue you raise with regard to taking profits early may have nothing to do with emotions...

One of the most common characteristics of the beginner is that all he can think about in this situation is that he's going to be stopped out. He fails to understand or even be cognizant of what that stopout means, of what the market is trying to tell him. Thus he fails to take advantage of the...

If you know more now about stats and probability, then read TITZ again, particularly the section on Thinking Like A Trader. It's all there. And you needn't be a robot. LC

I agree that Steenbarger is good, though you may benefit more from his articles than his books. Douglas's Trading in the Zone remains the core work on the subject. But, as someone else pointed out, you have to be careful to distinguish emotionlessness from repression and suppression. In a...

When it comes to trading, the issue is more about those who will benefit from the help than those who need it. Everybody needs it. And few will benefit since they're too lazy to do the work. They prefer instead to be told what to do (buy here, sell there). If the mentor is to be expected to...

True mentors don't charge a fee to students who are worth the trouble, and such students are also very rare. LC

Exactly. Even inexperienced traders can generate the most amazing systems on paper, but trading them is something else entirely. LC