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What is predictive and what is not looks nearly identical in retrospect; you can only know the difference as it is occurring. That is why there is so much confusion on whether or not TA holds predictive value. On most intraday time frames the chart is far too late for anything beyond the...

Every time I view ET in Firefox I get a full page ad that I have to click backwards from to get to the thread. Is anyone else getting this?

Those are the mini gold and silver contracts, as I recall gold dropped about $40 and silver $1.50 in 48 hours. This was back when silver made its first move from $5 to $8.

I've had an account go from 1200 to 50k+ in the space of about 6 months. It then took 2 days to go to 0. This was back when YG's and YI's had very low margin req's.

Maybe he was completely hedged at another brokerage, just wanted to shake off the parasites :)

Best way to improve stop placement is to make the issue moot -- that is, buy the low and sell the high every single time. Barring that level of precision, there is only one alternative: keep trying until you get as close as possible. Everything else is a waste of breath.

I guess he was doing people a favor??

It's the truth -- you stop having the urge to post, because to give a true picture of what a successful trader can do, not many would believe. And you just stop caring enough to bother convincing others, what is the point really. All one can say is that the reality of exceptional success...

Who in their right mind would call for a selloff on a day like today? You could smell a close at highs at 10:45.

Yes -- but I'm a little confused as how these double shorts work. If the UYG say doubled from here, how much lower would SKF be?

If UYG is 23, where would SKF be?

What happened to the prior march?

Your biggest hurdle is not your head -- it's amazing how quickly good timing solves those mental "blocks".

For most it's because it requires the least amount of capital to open and trade an account -- which is a shame because the market of stocks in general is easier to trade by far. Struggling traders start with stocks, move to futures when their capital dwindles under 25K, then finally settle for...

Forget psychology since you haven't passed randomness yet. Markets and time frames you choose will be the extent to which your "personality" impacts your trading. Beyond that, you should leave all personal belongings behind and focus all your efforts upon said market. The one place you...

Most aspiring (as well temporarily successful) traders fail because they believe all they require is an "edge". But hint hint, they don't call them "edges" for nothing, for they are meant to be smoothed away over time. Trading is difficult to teach because the most effective traders know...

It usually involves throwing out everything you have learned so far.

Exactly. Fortunately you can still buy a slice for a cool buck down at st. marks as protest, that's what I do lol.

I trade the same kinds of stocks daily on the same time frame, but I see the same setups that have yielded the biggest intraday moves have been in play all year. Last Wednesday, with many momentum stocks down ~ 20%, was the first day you could say the market has really changed for the sectors...

When the finger points at the sky, the fool looks at the finger.