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Proven here.

We can be right that's it going to be a flood tide. But we can got killed if we are careless by jumping into a wrong wave, meaning that at the end we are found on the coast (because we were right), not in the sea; but unfortunately dead because of the bad wave, that we jumped on. We heard often...

Hmmmm! Not sure. I have no information to say yes or no on this subject. But I guess to some degree yes. Germany guys hate to lose, and therefore they won't be a good traders :D. Kidding.

True. This psychology is described by Mark Douglas, Trading in the Zone. A child will cry if his toy is taken away, and he used to cry each time he cannot get what he wanted. But at one moment the child have to realize that he cannot ALWAYS get what he wanted. So he learned to accept. Loss is...

Greed, greed, greed, greed, ..., and greed! You need greed to make money in the stock market, right! Sounds interesting... But too much greed will result the opposite. So a moderate greed sounds good. Let say, a stock is moving from a scale 1 to 10. Instead of attempt to take a portion of 2...

Most important: 6 23 10 Less important: 3 18 24

I want to emphasize how realistic for rule #23. We have to believe ZAL, it happened to everyone of us and very often. Concrete example, yesterday I felt that NYSE:WNR was a good buy at $14.55 but I missed it and now it trades at around $16.30. :mad:

The main idea is written in the first page, the rest is just the explanation. Read carefully the first page and try to find one or two stocks that match the criteria and keep watching its price action.

Human nature orders us to always looking for a better. We constantly refuse to take action base on the NOW price because the NOW price doesn't guaranty us to be a BETTER price, only the FUTURE price that we can expect that it will be BETTER but more often than not it was a false expectation.

I hope we will have a refined version at the end of this thread, probably number of rules will be shrunk and each rule will be more concise.

The inevitable good news NASD give free realtime quote.

Thats for many reasons: - Paper trading become more realistic. :D - Used to give buy/sell signal by the automate program, then you have to login to your broker website to execute a real trade. Not every broker have an API to allow us writing automate program using their quote. - Easy to...

Trader's psychology and Iceberg perception of the odds against the trader, meaning that the trader didn't correctly perceive from the beginning that the odds against him is so big enough than the potential profit that banks, brokers have falsely made him believe. The underlying part of the...

That's called the trader mind is embedded in the tape, not in his portfolio. Easy to say, hard to do, huh!

Excellent. But I think it's a bit too many rules presented in a slightly different ways but have the same goal, for example control losses, there should be one rule is enough. I think the mandatory rules are 6, 23, 4, 10 and 15. Everybody can obey rule #6, but not everybody can obey rule #23...

After a quick look, should we compress into a few rules that will be easier to remember and obey? For example, rule #1 is the same as #16, rule #10 is the same as #15. If #10 is carefully applied then no need for #5, it never reach that rule. Maybe following rules would be enough. - 6...

The Tulip mania.

Allen, This question is about the death or life of your credibility as a useful poster. Remember, lots of newbies have been following you and experienced traders are here to protect them by requesting accurate tracking record.

There are some useful and many useless threads, it's totally normal, the same way as our trades that we had placed. This one is the most useful thread and we should use it for reference, therefore ET still stand for its name. Obey this method carefully, and we never afraid of going astray.

Folks, As we can see the result of this randomness it unreadable. Since Wall Street is so difficult or impossible to be understood by scientists then the average Joe does, we can affirm that Wall Street is random. So stop scratching your head guys and stop reasoning, just get out when a trade...