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I see a long slow summer ahead.

I've made a nice living averaging less than 10 trades per day. That being said, when I was automated, there were days when over 10 trades would hit my computer in a second. But that stopped working. My programmer lost 35K in about 30 seconds and he quit trading. He makes a nice living...

I agree, sir. Thank you.

Yes, the market has only been open for a half hour, but I am very bored. I may take the summer off. I was very sick last week. I told my dad it was the first time when alcohol wasn't involved that I thought I was going to die. (I don't drink anymore. I've hit my quota for this lifetime.) It...

Good question. My brother is a Captain for Southwest Airlines, but he rarely flies during the summer, because he is so busy with crops and cows. He is possibly the strongest (psychologically) person I have ever known, but I have seen nothing but exhaustion the last few years. Don't worry, he...

I understand what you are saying, but they normally just trade the super active stocks. They might be able to hype something for a few pennies, but when a 10 dollar stock has a 5 point range on the day, they're at the mercy of the chart just like you and me.

Exactly.

They don't necessarily trade the way I would, but that's no reason to trash them after watching just a couple of youtube episodes. (Obvious disclaimer: I have no affiliation. This isn't an advertisement) These guys are probably paid to broadcast by DTTW, but who cares? They walk their talk...

I hear ya. I've lost track of how many brilliant ideas I thought I had that back tested like shit. I tend to under perform my back testing results, so if it don't back test well and I trade it, I'm better off delivering boxes full of money to the front doors of various exchanges. It would be...

The collapse of the condo in Miami made me think of this. I don't know why it was suddenly this particular incident, but it just reminded me that our days are numbered, and none of us know what that number is. I already texted my daughter and told her I love her, and I can't wait to see her...

For me, it was not defining risk and subsequently having a major fear of loss and failure. Once I found a strategy which fit my personality (after many many years of loss and failure), I was able to think in probabilities and close the psychological gap between learning to trade and becoming...

But, overall, this is a good read. I think many of my old timer colleagues can appreciate your questions, as well as how straight forward and honest you are.

Yes it is. I find myself taking much quicker profits than I usually would.

I'm glad some of the first responses talk about back and forward testing. It's absolutely critical. I would only add that you should spend the painstaking hours verifying the back testing results trade by trade. It sucks, and it takes a lot of time, but you need every bit of confidence you...

Please excuse my ignorance, but why do people get so hung up on which options model to use, and the details of how they are calculated? What model, and what calculation would've helped you last March when Covid hit, and implied volatility went through the roof?

Ouch. I forgot about negative oil. That was brutal to watch.

It's already been said, but take time off. I lost every day last week. It's the first time that's happened in years. But my losses are so small, it's just not a big deal financially, but my head needed a break. So what do I do today? I went to visit a friend who was just diagnosed with...

I think the main reason they are live is to promote DTTW. I will admit that they are transparent about losses, but I remember them taking 15 and 20 cent profits on FB while setting a $2 stop. They will hang onto a small portion for a longer time frame, but I would go insane trying to trade...

https://www.youtube.com/results?search_query=tradertv+live Anyone watch these guys? Most of my trading is done in the first hour, so I decided to check these guys out. Bottom line.. I can't stand it when someone hoots and hollers and can't stay in their chair while shouting "We're already 5...

Depends on what you're scanning for. Trade Ideas has a few intraday settings which measure various time frames.