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Just to clarify.. My problem isn't so much recognizing when the market is trending but actually trading with it.. What I mean is: I'm always thinking the market is too oversold to sell now.. we should making a run up soon.. and I'm always looking for that buying opportunity..

It has been.. I

Every trend day or period like the last 3 days I always have trouble trading with the trend. I'm always looking for that turning point so I can hop on for the big score.. I most likely need to work on my plan for trading with the trend.. and force myself to do it until I become more...

Its happened to me in both trading and poker... and happens often.. and that is exactly how I've felt.. I remember going to the ATM saying what the F*** I'm already down $400.. what's another $400... And its a terrible situation because when you reach this point you are not playing...

Glad you put it this way.. I remember a conversation I had with my broker. he was telling me how two of his clients struggled for years and them became successful. And one of them he said basically transformed himself into a machine.. he was just a machine processing orders.. helped...

Perfect example of this happened to me last week.. I started off the day with a loss of 2.5pts.. didnt' feel right.. felt off my game.. so I decided not to trade the rest of the day.. closed my trading platform but kept my chart up.. Well.. about 2 hours later a great trade formed and I...

Actually.. the quote was.. "If you didn't bring it with you. You're not going to find it here" Very true statement and does apply to trading..

I always find myself asking myself on a day like today and yesterday .. Why was I not short???? in fact I made 2.25 pts today from the long side near the open.. I have to learn to stop second guessing what the market is telling me and go with it.. But my intuition always tells me to...

You couldn't be more right Larry.. the reason this happened was overconfidence.. have been trading very well and earlier yesterday morning made two mediocre trades that I managed to exit with a small profit.. then the market went against the position I had on.. so I patted myself on the...

Perfect example.. today I tried to get long the ES and had my ass handed to me.. and my Ass has gotten pretty big lately too.. not a pretty sight..

Sulong is pretty much right on.. When I feel stressful is when I take a trade I'm not very confident in.. or try to trade too many contracts... Its amazing the calmness I feel even when in a position that is going against me as long as I am very confident in the setup and am not trading...

Larry, One more Poker question if you don't mind.. Like I said in an earlier post.. I love to play and I do so on the internet at times.. I play a 5 man max table with $10/$20 limits.. playing small handed I find is a bit more streaky.. and 80% of the times I lose I will start off...

Hey Martys, Are you trading the mini S&P?? The follow through you are referring to do you mean to the downside at 13:15 timeframe or so??

Been rereading Pit Bull over the X-mas Holidays and wanted to point out what I feel is the best piece of information in that book. Schwartz called his friend, I believe his name is Zoelner when he was in a big losing position and was told.. "Marty, you must get out of the position. Your...

This statement could not be more true.. the sad part is it applies to many aspects of life and people don't realize it. They want to blame their misfortunes on everything or everyone else. I am at a point in my life where I realize I am where I am at because of myself and noone else is to...

Larry, Thanks for joining the thread.. Have some poker questions for you. Do you find professional poker players are streaky?? what I mean is .. have runs where they can not win consistently for a period of time no matter how good they are??? I think I am a pretty decent poker player...

yes.. and all it takes is one day like that to wipe out and entire week of hard work and grinding it out..

I've done the same with trading.. Up for the day.. ahead of my goal and take a mediocre trade thinking I can afford it.. if I lose no big deal.. I'm still up for the day.. But thats some screwed up thinking.. what usually happens is .. I lose on that one.. and then start to think...

Chinhook, Have you done this.. if so, have you found the results to be advantageous??

You are absolutely correct. This has led to my demise in both trading and playing poker.. When Playing poker. Some nights things just don't go your way.. You can do everything you are supposed to correctly.. raise/fold/call..etc.. but the cards just don't come your way or some dumbass...