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This is easily the best post I have ever read here on ET (the one by lilduckling NYOB is referring to). That post needs to be in a book somewhere. Something you have to realize about this business.....you could post a 500% rate of return, along with your methods, and someone will shoot you...

Trading is bad in so many ways.....eye sight, stress, back problems, hemorrhoids, headaches, irritability, depression, just to name a few. But -- and this is a pretty big BUT -- No Boss! Ahhh....now doesn't that make it all worth while. :D

Screw the game guys, its Miller time :D

What the hell are you wasting your time on the markets for? You should be slicing singles under Jeter's glove. Looks like A$$hole beat you tho... :mad:

Damn coke, it took me about 10 tries to get over 19. Good hand/eye!

19.062. You actually call this relaxing? Now I feel more stressed than I did during the trading day :confused:

It doesn't matter how you do it as long as you can make money doing it. Whether you use TA or the orderbook can vary from trader to trader. You just need to study the action, develop a plan based on how you interpret the movement and go for the trade. It sounds as though you have a good feel...

We went close to 30% in 60 days back 1998, following the crash. For the sake or argument, let's say traders, or option writers, got more bearish when the market went to a lower low. They would have gotten smoked if they were naked. The most compelling part against your strategy is, even if...

Here's an example. Would you want to be short the calls during May on this Mega Cap Stock?

But it only has to happen once and you're ruined. The risks are too high, given the payout.

Another brief thought for struggling traders.....if someone put a trend, or a chop zone, or some chart of data in front of you and told you to examine it what would you do? I suspect you'd probably go about your business in an objective way and come out with some sort of conclusion, based on...

This is the BIGGEST point trader miss right here. You don't EVER put your whole line on the trade until it proves to you it's going to work. You take nibbles here, nibbles there, and if it doesn't work you lose on a nibble or two. When it does work you win with a big chunk. Money Management...

I have never done any auto-coding/trading but I believe tradestation or Amibroker are fairly intuitive, and you don't need any programming background. I don't think you need to know anything like cin<<marketdata; cout>>lots of money; If you have some basic programming experience it...

ROTF! Good find Thermactor.

I have been around many engineers turned traders and the ones who make it are the ones who come up with the simplest system. I know one engineer who just buys moves above flat levels of resistance on intra-day charts and does well. Another one has been developing a system for about 3 years and...

Absolutely! I'm a day trader, I just trade the movement. Does the market go straight down or does it stair step? All I need is a bounce.

After reading this board for a little over six months I see a common theme among struggling traders. They all want something. They "want" the market to go up. They "want" the market to go down. They "think" a move is coming. Losing traders trade on what they "think" or "want" to happen, not...

The first thing you gotta do is change your handle from, "I'm Bullish" to, "I don't give a rat's ass" if the market goes up or down. Until then, a mentor can't help you. $1,000? Is that per hour or per day? Oh, per week with continued follow-up? You might get some takers if it's $1,000...

Exactly! Who cares what direction the market goes, especially when talking about the ES. It shoudn't matter, up or down, just trade it!

Exactly right.