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Since you all left looks like i'll stick around to close up and turn out the lights

Great that you're making progress, Hooti ! What'd i say ? :) Actually nevermind what i said. Do you have an example of what you learned by looking at a spreadsheet of your trades ? TIA

stress is not good for trading. this may be of interest. http://www.elitetrader.com/vb/showthread.php?s=&threadid=219528

one thing i've tried doing lately is primarily trade direction of major trend. today took all shorts because trend on 30 minute chart was down. I'm not so thrilled with the idea. Some nice long trades after a quick reversal at the lows i passed on . trying some new ideas and working on...

quick chart down move felt extended. exited quick

Clight & Snowman, Thanks guys . I was mostly frustrated with myself yesterday. I do believe the market can be read so it's not a futile attempt but a patience and control myself issue. Although a better understanding of PA is always what i'm striving for too. :)

Despite my own results i do not believe trading is the equivalent of gambling. The gambler when playing against the house has a negative expectancy. Nothing will change that. The only way to win in gambling is luck and hoping to quit at the right time. IF trading is a skill or a mindset...

Thanks. you had a nice comeback btw. I think lack of patience at times comes from trying too hard. for me at least. The hard thing to do and the correct thing to do would be to have patience. Trying harder sometimes means doing nothing. Not what we are typically use to doing. It's a...

thnaks xburbx

shutting down very frustrated once again. not looking for pity.. no comments necessary. just trying to document the journey and figure out what i'm doing . trading chop and some bad reads. some discipline issues . if i sell a break out it fails , if i don't sell it, it drops. normal...

I'm so confused. The most obvious thing i can think of is: "the trend is your friend", but that's guru speak so that's not the answer. It's been said trading is gambling which implies money management is the key. It's been suggested look at the posted charts, study the whale tracks, that...

o k to take shorts on pullbacks ?:D :confused:

getting beat up over here. that flat MA's should have told me to wait. that and several losses with no MFE should have been a clue

Guess i was the last to get the 'Go Long' memo but hey they could have been great scalps ! I missed that memo too. :D

market blasted off in last hour. i hesitated on a long entry and missed it. The main lesson for me is :If the market doesn't do what you think it should be doing then it will likely do the opposite. Today for example the market tried several times to make a new HOD and failed. It then fell...

short term charts still look higher to me but that failed bo and resistance on 30 minute might get this to flip to pretty soon to downside before days done waiting..

I think you know i do. I just wish 15 - 20 was my profit point. Around 10 for me and i'm out. Happened today despite a strong move . left another easy 7 on the table My plan is when i get consistent to add cars and try scaling out. That or hope my PA read and discipline improve

More patience today, more looking at higher time frame and less counter trend trades. Once the opening range low was taken out i was just looking for shorts. There were a few areas where i thought about going long but decided to stick with the dominant trend. In the last hour looked like enough...

intra day bias short which is my time frame so i was looking for shorts. I did take a long for a profit in the last hour. i also saw signs of longer term trend weakening with a TL break in the a.m. I did have lots of upsloping TL's still on my chart so i was watching those as well just...

Good morning and good trading !