Search results

not to mention that if this happens simultaneous with technical issues on your end (as i keep explaining to you), you are proper f*cked---------->>>> You sound as though you are trading scared. You have thought of every conceivably bad thing that can happen to you. Yeah, shit happens. The big...

Whitster, you don't have a clue about me. My win rate is just under 97%. If you don't believe me and call me on it I will prove it. I don't use stops because it ensures I will lose and join the majority. Think about this for a minute.....is there something to be said for defying...

you are long 10 contracts monday, with a mental stop, when 9/11 take 2 happens and the dow drops 1000 pts . where do you employ your "mental" stop?--------->>>> And blows right through your physical stop. There's no difference. You're gonna get killed in either event.

and i will repeat. name me one situation where using a mental stop is preferable to a hard stop with eminis.------->>> randomness and judgment. Not all moves into your stops are created equal. Successful trading requires judgment. Consider the following example: You take a trigger at a...

So let's see, cable goes down, DSL goes down, dial up goes down, cell phone goes down, house phone goes down. If all this shit happens all at once not having a stop in place is the least of your worries :D And no, I don't trade at the floor but I have watched floor traders and know many of...

It's only "idiocy" if you don't have the discipline to exit the market when the trade isn't working.

Absolutely untrue. My P/L headed straight north the day I stopped using stops. There are <b>better</b> ways of managing risk. Take a trip down to the CME floor and ask a floor trader where his stop is and he'll laugh at you. Successful traders don't need stops to manage risk. They have iron...

This is completely false. I have watched guys trade for years and make consistent money each and every single day. I am one of those traders now. There was a time I thought it couldn't be done but it can. No one bats 100% but there are many, many guys who can bat over 90%. This absolutely...

Agree. Sometimes I'll get a trigger in the premarket and carry it into the open but I'm very careful doing that because of the potential news that can come out before the bell.

As soon as I get a trigger. The first 1/2 hour can be the best trading of the day if you know how to trade it.

How has the Prop Shop business changed so radically over the past few years. Back in the early 2000's I sent resumes to every trading firm I could get my hands, eyes, and ears on, including Infinium and the only one that ever called me was USA Trading, who is also known as League Trading. They...

1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually...

Weisman, wake up tomorrow ready to fight. Use extreme, and I do mean EXTREME patience and wait for your triggers. You have a plan, just trade that plan. It's this or go work for "the man." Which do you want? Just get up and execute the plan. Leave the nerves at home, it's just money...

Hillarious, your thread is ranked 4th on Google under the keywords "Dennis Neil cnbc" http://www.google.com/search?hl=en&q=Dennis+Neil+cnbc

My trading improved 1000-fold when I stopped using stops. Now I start very small and if the noise presents greater opportunity I add to it. If the trade isn't going to work it isn't going to work and I self liquidate. Not using stops shouldn't be misinterpreted as not managing risk, however...

All of the posters in P&L thread who have shown six-figure or seven-figure yearly gains have, to a person, shown numerous losing days. A few of those days were big. The key to successful day-trading is <i>keeping losing days smaller</i> and less frequent than winning days.---------->>>> I...

If you make substantially more than you lose <b>you</b> are the holy grail. A Holy Grail is not a "system" it's a trader or traders. If you are consistenly profitable you are indeed, The Holy Grail.

The stock market is just data. Compile some data from a few days and run a statistical analysis on it. This may change your views of the market. I'm not trying to start a debate about randomness vs. technical but technical analysis is useful on a random data set. If you can adopt this way of...

I just noticed the age of this thread. Did you find a solution?

Booze probably isn't a good choice. Go to your doctor and tell him/her your deal. Perhaps try a very small dose of Xanax or a beta-blocker. Early in my trading career I experienced a great deal of stress when I put on a trade. It got to the point that I thought I'd have to stop trading...